Brain357
Platinum Member
- Mar 30, 2013
- 37,068
- 4,189
- Thread starter
- #881
Well his tax cuts hurt revenue growth. During a strong economy we should have strong revenue growth. After the tax cuts revenue increased at one of our worst rates in history. Do you think trump could have increased spending as much without the tax cuts? Even some trump supporters might have been mad if he only increased spending. But he gave them tax cuts so they forgot about the debt again.Revenues aren’t the problem. Spending is. Trump overspent to upgrade the military. We ll see what Biden does. Military spend equates to jobs in the private sector so it’s tough to reduce it.Well deficits certainly increased with Obama, but you will see they gradually declined. Had he cut taxes there would have been no decline. We can grow out of our debt, but only if we don't cut taxes.Yes and under Obama too but GW started it with his stupid Middle East crusade.We also just experienced it with Trump. Last year, pre pandemic our deficit was almost a trillion. Deficits increased every year under trump. But he gave tax cuts so people didn't care.If you mean GWB. I agree.Now that we are closing out another failed republican president it seems like a good time to bring up debt since repubs will no doubt put there fiscally responsible hats back on for us to laugh at. It's clear big debt started with Reagan, the guy tripled the debt. We almost had it under control under Clinton, then Bush messed that up completely. Then Obama inherited the Bush mess and spent a lot, but deficits generally came down after the mess was fixed. Now Trump inherited a strong economy and still increased debt every single year. Last year pre pandemic he managed a trillion dollar deficit during a strong economy, this year he will set a new record by a lot.
Over and over and over republicans support the same policy of cut taxes, increase military spending, and drastically increase debt. And that is what has happened every time they have done it. Reagan did it, Bush did it, and now Trump did it. And repubs stupidly believe the square peg is going to fit the round hole this time.... or are they all that stupid? Many certainly are, but others clearly love the freebies. Heck better than a freebie, trumpers got their military spending and a tax cut! Government is great!
So for the last 40 years we have gotten more and more government and thanks to repubs it costs tax payers less and less. That is a formula for increasing government if I have ever seen one. So laugh whenever a repub claims to be for fiscal responsibility, their policy has clearly lead the way for more and more debt.