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It's tricky. On the one hand, everybody seems to agree that countries should reduce their debt. On the other hand, everybody seems to complain as soon as cost
by ArtTimeInvestor 2y ago
It's tricky.
On the one hand, everybody seems to agree that countries should reduce their debt.
On the other hand, everybody seems to complain as soon as costs are cut.
- Hasu 2y agoIt's not tricky at all. When you're the richest country in the world and you have a lower than average tax rate, there is one very simple trick that gets rid of the debt problem.
- ArtTimeInvestor 2y agoBut that is not what the US voted for, is it? IIRC Trump's campaign promised lower taxes, not higher taxes.
- goosejuice 2y agoI think the complaints are more to do with how it's being done.
- wbl 2y agoThe US budget deficit is driven by entitlements and the Trump tax cuts . It's very easy to balance the budget with small reforms to Social security and Medicaid and raising some revenue.
- thrance 2y agoNo, a lot of people have been tricked into thinking austerity is the only way to reduce their country's debt. All the while billionaires gorge themselves on public money and contribute ever less to society.
- kubectl_h 2y agoWhat if I told you there is an amazing way to eliminate the national deficit, begin paying off our debts and reduce the taxes on the vast majority of people in this country without cutting costs indiscriminately...
- hotpotatoe 2y agoYeah real tricky, cut the budget of a department that is already underfunded that protects our public lands and does honest work serving the public, while cutting taxes on corporations and the ultra rich. Only a bootlicker would find anything tricky about this.
- lokar 2y agoI, and many others, don’t agree that we need to reduce the debt. We need to ensure it grows a bit more slowly then gdp. On average, slower in boom years, faster in recession.
- JumpCrisscross 2y ago> everybody seems to agree that countries should reduce their debt The GOP’s budget proposes $2 trillion in new deficits over the next 10 years. Nobody is reducing debt. Ironically, the only deficit move to date from the Trump administration has been tax increases in the form of tariffs.
- insane_dreamer 2y agoIt's not tricky, because costs are _not_ being cut -- the next budget will _add_ at least $2T to the deficit. We're cutting the NPS, USFS and BLM so that we can increase the defense budget by $150B (with a B) and send troops to the Mexican border. Not a good trade-off at all.