4 ms·
Deficits are a policy choice, not an inevitability. The budget was balanced at the turn of the century but Republicans under G. W. Bush decided that meant they
by acdha 11mo ago
Deficits are a policy choice, not an inevitability. The budget was balanced at the turn of the century but Republicans under G. W. Bush decided that meant they could cut taxes, especially for the rich. They did that again for both Trump terms, before COVID. Unlike the financial crisis or pandemic, there was no emergency driving those decisions and the massive debt increases were entirely voluntary.