12 () posted 79 days ago by Canadead 79 days ago by Canadead +12 / -0 3 comments share 3 comments share save hide report block hide replies
How does ballooning the national debt help the country? Or the little guy?
"Tax cuts initially enacted during Republican trifectas in the past 25 years slashed taxes disproportionately for the wealthy and profitable corporations, severely reducing federal revenues." https://www.americanprogress.org/article/tax-cuts-are-primarily-responsible-for-the-increasing-debt-ratio/
"Reagan took the deficit from 70 billion to 175 billion. Bush 41 took it to 300 billion. Clinton got it to zero. Bush 43 took it from 0 to 1.2 trillion. Obama halved it to 600 billion. Trump’s got it back to a trillion." https://www.politifact.com/factchecks/2019/jul/29/tweets/republican-presidents-democrats-contribute-deficit/