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Related: About this forumBudget Deficit Soars To 6-Year High Under President Donald Trump - The Last Word - MSNBC
Budget Deficit Soars To 6-Year High Under President Donald Trump | The Last Word | MSNBC
Thanks in large part to the Republican tax cuts, the budget deficit increased 17% over last year to $779 billion. Bruce Bartlett tells Ali Velshi Republicans want deficits because it serves their real goal: cutting government. Austan Goolsbee joins.
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duforsure
(11,885 posts)Now McConnell is openly now saying they'll destroy Medicaid , Medicare, and Social Security to pay for the wealthy tax cuts the wealthy bribed the GOP to give them , and it shows once again trump is a liar. W Bush did this too , and robbed from the middle class and poor to give the wealthy more tax breaks for life, leaving us to pay for them. Vote people! They planed to do this to seniors all along.
blue-wave
(4,362 posts)Give mega tax breaks to the already mega-wealthy with money the country does not have: Done
Budget deficit will soar: Done
Rob from the meager retirements (Social Security) and health care (Medicare) of the elderly to "solve" the orchestrated "deficit crisis": Done (almost)
Guess which party is in power? Done
ffr
(22,671 posts)Not just that the annual budget deficits would be eliminated, but that the entire public debt of the U.S. would have...
THINK ABOUT THAT FOR A MOMENT. I'll just add, where would we be as a nation if our entire U.S. public debt be $0.00????? What would your income tax rate have been for 2010 and every year thereafter with a government budget that was sustainably taking in exactly what it was spending?
You
guessed
it,
your annual tax burden would be almost nothing if Bill Clinton's budgets and income tax structure hand not been ruined by illiberal Republicans.