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Finally. An article shining some light.
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Finally. An article shining some light.


Dec 27, 2018, 7:11 AM

It's really understating things. Last line especially. That's how inflation happens. Inflation won't matter because economy gets better. But at least the basic issue is being addressed. Most of our new debt you hear about increasing is from increased interest paid on our debt. Not new spending. We already accrue plenty with just steady spending. Imagine adding an Obamacare of spending every year. That's where we are now making our minimum payments. Imagine if 1/5 of your household income was spent each month to make your minimum payment on your credit card. That's us now. Now imagine your credit card company raised the rate from 2% to 3%. Tack on 1/3 more. 5-6%? 8%?

https://www.cbsnews.com/news/u-s-national-debt-interest-costs-are-about-to-skyrocket-does-it-matter/

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Increase revenue, raise taxes.


Dec 27, 2018, 10:43 AM

The corporate portion of the tax cut was poorly conceived and written. Raise gasoline taxes for infrastructure investment. The magical growth rates of 3.5% to 5.0 % will never be sustained in an economy as large and mature as the US. Bad policy in Washington.

Of course social security, Medicare and Medicaid will eventually be reduced as well.

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Re: Finally. An article shining some light.


Dec 27, 2018, 10:57 AM

the only obvious solution to growing deficits is to cut taxes again, duh!

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Cut spending. We can't tax our way to a balanced budget


Dec 27, 2018, 2:37 PM

much less pay off debt. But anyway, we're all along for the ride. It's bipartisan (spending).

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Re: Finally. An article shining some light.


Dec 27, 2018, 3:10 PM [ in reply to Re: Finally. An article shining some light. ]

and increase spending.

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It will be interesting to see what revenue is this year


Jan 2, 2019, 12:06 PM [ in reply to Re: Finally. An article shining some light. ]

after the income tax changes.

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