Originally Posted by Squidge
I don't believe running up the deficit is good for the country in the long term. The argument tax cuts are needed to boost the economy when the stock market is at an all time high and unemployment is less than 5% seems very disingenuous. Flame suit on.



Tax cuts don't run up the deficit, spending runs up the deficit. You can tax everyone at 100% and the country will still be broke if they spend more than they take in. Ask anyone with an ex-wife that couldn't control her credit card spending how easy it is to spend more than you make.

Federal tax revenues took a hit after the collapse of 2008 but after that set a new record take every year. At the same time time the national debt doubled under Obama, from 2009-2016. Clearly it wasn't a revenue problem because the intake increased every year. Clearly it was a spending problem.