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Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII

#33

(01-31-2019, 08:23 AM)flsprtsgod Wrote:
(01-31-2019, 07:25 AM)The Real Marty Wrote: I don't think the tax cuts increased revenues at all.   Revenue in 2018 was barely more than revenue in 2017.  Barely.   

One of the main selling points for the tax cuts was that it would cause enough economic growth that the increase in tax revenues would cut the deficit.   It did not do that.  

We cannot cut the deficit without fixing spending, and no one seems to want to do that.  And as far as the dems controlling the house, the Republicans had a majority in both houses for the last 2 years.  

Trump promised to fix the deficit.  He's made it worse.

So you're saying that taxes went down, we got very low unemployment, and government revenues went up? Perfect! That doesn't matter on the spending side at all, two different issues. Had we not cut taxes would the deficit be more or less now?

Trump said he would fix the deficit.   He hasn't done it.   The deficit is much worse.   

Yes, he stimulated the economy.   We took the tax-cut drug, we all felt great.   It won't last.   Interest on the debt will eventually lead the government to take actions that will kill the economy.
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RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by The Real Marty - 01-31-2019, 09:03 AM



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