2 ms·
> There won't be progress on inflation until after the deficit comes down. > […] https://epicforamerica.org https://epicforamerica.org If these guys are so wo
by throw0101d 2y ago
> There won't be progress on inflation until after the deficit comes down.
> […] https://epicforamerica.org https://epicforamerica.org
If these guys are so worried about deficits, why are they pushing for expanding tax cuts that make the deficits worse with articles like "Lawmakers Must Preserve and Expand the 2017 Tax Cuts":
* https://epicforamerica.org/federal-budget/lawmakers-must-preserve-and-expand-the-2017-tax-cuts/ https://epicforamerica.org/federal-budget/lawmakers-must-pre...
US outflows ("spending") relative to GDP is coming down to historical levels (~20%):
* https://fred.stlouisfed.org/series/FYONGDA188S https://fred.stlouisfed.org/series/FYONGDA188S
And yet the deficit relative to GDP is getting worse:
* https://fred.stlouisfed.org/series/FYFSGDA188S https://fred.stlouisfed.org/series/FYFSGDA188S
It's inflows (income) that's the problem, i.e., not enough tax revenue.