shockedcanadian
Diamond Member
- Aug 6, 2012
- 29,324
- 26,349
I hope from the bottom of my heart Trump is able to accomplish this and I know he understands that it will require the lowering of debt AND increased growth in the economy.
First of all, debt growth isn't intrinsically linked to economic growth. Second of all, Trump and the Conservatives will never be able to reduce the deficit or increase growth because their taxation policies are entirely deficit-financed and rely on faith. That's why Reagan tripled the debt and had worse average job growth than Carter not to mention a painful recession that started months after the tax cut was passed. That's why Bush the Elder raised taxes, costing him re-election, because Reagan tripled the debt and left behind a deficit that was double what it was that he got from Carter. That's why Bush the Dumber's tax cuts erased a surplus and produced 4 record deficits in 8 years that doubled the debt and cost 460,000 net jobs. That's why Kansas repealed their Brownback Tax Cuts and now have surpluses when they didn't because of the tax cuts.
Tax cuts have never and will never pay for themselves. That's the biggest Conservative lie there is. It's a zombie lie. One that need to be put down by Rick Grimes.
If tax cuts result in increased spending by citizens in the economy, it is huge. It supports jobs and American confidence.
You seem to propose "more government hands in your pocket is a good thing". I suppose we have a very different outlook on individuality and free market principles.