Like, seriously. That chart is scary/gross. You see that the Reagan Administration was the real harbinger of debt - the debt more than doubled under his presidency. Why? Because he cut taxes without cutting spending. Then Clinton/Bush I raised taxes and cut spending, and the debt shrunk a little (that blip between 1995-2000), and then Bush cut taxes and INCREASED spending, which just did this:
Ok, gray area is what the debt would be without any of the bad shit that happened under Bush. It would've gotten smaller! Ugh.
Listen, everyone knows that we have an entitlement spending problem, but that's not what's driving our national debt. The #1 driver of the debt is that people (i.e., Republicans) keep cutting taxes and INCREASING spending. Taxes are now too low, so the debt is too high. I mean...can someone explain the competing narrative to me? Entitlements haven't caused our current national debt $14 trillion national debt - these failed policies have. The numbers don't lie. Why the heck would we not be open to raising some taxes as part of a deal to also reduce spending?
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