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The US debt is out of control in large part from Trump himself. He cut taxes without cutting expenses. He needs to either put the taxes back, or cut something r
by cloverich 2y ago
The US debt is out of control in large part from Trump himself. He cut taxes without cutting expenses. He needs to either put the taxes back, or cut something real (medicare, social security, military). And thats just to stop the bleeding.
But based on his current trajectory, hell continue his pennywise strategy and just like last time, will raise the debt more than his predecessor.
- bArray 2y agoSimplistically it looks like that, but the US (or any other Country) never used to tax so much. The idea is to go back to a time of high GDP growth and lower taxes. Part of that is spending reduction (i.e. inspecting each arm of the government), and another part is growth hacking. Another thing to remind ourselves of is that we don't want politicians to make decisions purely from market reactions to policy.