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The Republicans have this idea that cutting taxes and increasing spending will reduce the ratio of debt/gdp by increasing the denominator. It does increase GDP
by phkahler 1y ago
The Republicans have this idea that cutting taxes and increasing spending will reduce the ratio of debt/gdp by increasing the denominator. It does increase GDP but I think it increases the debt faster, so it can't work. Happy to be proven wrong.
- jeffbee 1y agoThey do not actually believe that. What they believe is that cutting taxes will give them the short-term means to acquire assets that will become much more valuable after the nation has been destroyed, to which the escalating debt contributes. The crisis is a feature for them.