Quote:
Originally Posted by elysiantraveller
Pretty partisan view of what happened.
The economy tanked because the housing market collapsed. The recovery was slow due to over-regulation and lack of investor confidence.
They were tax cuts. As our deficit roars past $20 trillion dollars this century we have lowered tax rates(Bush), extended those lower rates (Bush/Obama), raised them back to where they were before for high earners (Obama), and then sweepingly lowered them again (Trump).
I get we have a spending problem but to deny we have a revenue problem is absurd as well. 47% in this country don't pay anything to the feds.
|
No, its really not absurd. My, along with most other responsible people, spend at or lower then the amount of revenue I bring in. The amounts vary from person to person and most seem to be able to manage to live within their means.
The government dos NOT live by this code because its not THEIR income and IS NOT required to abide by the rules of basic math.
There are no negative consequences to them, therefore, why abide by basic rules?
If they were forced to live within basic logic and math, I would imagine we wouldn't have this exploding deficit!
