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Not sure why everyone pointing this out is being downvoted. But we reduced revenue (taxes) while keeping spending the same. So debt goes up. On top of that som
by erentz 2y ago
Not sure why everyone pointing this out is being downvoted. But we reduced revenue (taxes) while keeping spending the same. So debt goes up.
On top of that some emergency situations have also contributed (GFC, COVID) and then and in the Iraq war.
Right now they’re proposing a budget that will reduce taxes again, and increase our debt by over $4 trillion.
Edit: seriously everyone here knows math, this is math, it is public data, why is it treated this way. Argue the substance of cutting programs, but you can’t argue that deciding to raise less tax revenue than you spend increases the debt!
- alabastervlog 2y agoThe government has people dedicated to figuring out this stuff. The CBO. They advise Congress and publish reports on legislation. Every time the Republicans say these things will pay for themselves, and every time the CBO is like, “uh, no, it’ll cost $X trillion over ten years”. Everyone ignores them. Now we’re several trillion deep in debt from George W Bush and Trump tax cuts, as predicted by the people who actually know how shit works.
- deleted 2y ago[deleted]
- distortionfield 2y agoAnd now that we’re in debt for them, they’re using that massive debt, that they created, to argue for dismantling and privatizing those same systems.
- xnx 2y agoMusk will probably "delete" the CBO next.
- alabastervlog 2y agoIt’s under the legislative branch.
- xnx 2y agoGood point, but presently I feel like nothing is safe.