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> She said the measures would expire on June 5 Probably don't tell lawmakers they need to urgently act and also tell them they have 6 months. White House also
by lesuorac 4y ago
> She said the measures would expire on June 5
Probably don't tell lawmakers they need to urgently act and also tell them they have 6 months.
White House also seems to have the wrong messaging here. Should really be talking about how Trump added 6.7T in 4 years which is the complete opposite of spending reductions; republicans (as a party) does not legitimately care about reducing the debt.
- amluto 4y agoThe most recent president to seriously control (and even eliminate!) the deficit was Clinton, who was a Democrat. One can quite reasonably debate what the government deficit should be, but the idea that Democrats are big spenders and the Republicans are big savers is ludicrous. The debt limit, of course, is terrible policy.
- dragontamer 4y agoPolitically speaking, one thing pisses me off the most. > Trump added 6.7T in 4 years That debt was "paid for with tax cuts". And a lot of Republicans still think that cutting taxes is the best way to reduce the debt. I can almost assure you that we're going to hear more about Laffer Curves and tax cuts to solve this debt issue as the debate moves on. Its been over 20 years, maybe over 30 years now... of this crappy argument, pretending that tax cuts improve our financial situation.
- lesuorac 4y agoYeah funny thing about the Laffer Curve is that the optimal rate is actually rather high ~70%. https://en.wikipedia.org/wiki/Laffer_curve https://en.wikipedia.org/wiki/Laffer_curve