Of course I trashed deficits under Obama. And it’s easy to get Dems to vote for your spending bills when all you do is increase spending. It’s no wonder they’re getting appropriations passed. They’re spending like drunken Democrats. On top of the tax cut that - shocker - did not lead to increased revenues.
“On top of the tax cut that - shocker - did not lead to increased revenues.”
That’s OK. Raising revenues is not the purpose of tax cuts. Taxes should be cut whenever the voters decide they are paying too much for government.
Focus on debt and deficits as “the problem”, is a trick of the progressive Left, intended to equivocate between overspending and undertaxing, as if they were interchangeable.
In reality, the two are never interchangeable, they are mutually exclusive; either government spending is excessive, or tax revenues are insufficient, one or the other.
In modern times, if anyone can say with a straight face that the government is not spending too much, but rather that we are undertaxed, then that person is either a pathological liar, or a moron.
No, clearly the size of the government relative to the private sector is multiples of what the founders intended for this supposed self-governing republic.
When the government exceeds its constitutional limits (tenfold?, twentyfold?) it is a tyrant - a monster. There is no obligation to feed that monster by raising taxes.
Focus on deficits is a trick if the Left to create the illusion that raising taxes is a patriotic obligation - the fiscally responsible thing to do.
“Fiscal conservatives”, who will raise taxes to reduce the deficit, are the biggest fools ever born.
There were no Tax Cuts, there were Tax Rate Cuts. Saying Tax Cuts is just a mechanism to make People think that Tax Cuts equals less Taxes being collected.
Unfortunately, Republicans including the POTUS use that Term instead of saying Tax RATE Cuts. Revenues to the Federal Treasury have not fallen, even with the reductions in the Federal Tax Withholding Tables.
The idea behind Tax Rate Cuts is that you stimulate the Economy which creates more Jobs and thus more Taxpayers contributing to the United States Treasury.
You also increase Private Sector Profits, thus increasing Tax Receipts.
The Tax Bill kicked in on January 1, 2018. It took nearly three Years for the Benefits of Reagan’s Tax Policies to become apparent. I am shocked that things are turning around as quickly as they have under the Trump Administration’s Policies.
One other thing to consider. The Media and the DNC does its very best to talk down the Trump Economy 24/7/365. If the Media reported the truth, even the soaring Consumer Confidence we see today would be off the Charts.