10/26/17: Trump declares an opioid emergency for the nation. Okay, problem solved. It’s been declared.
Are we going to spend more money to attack the problem? Nope. Time to get to work on tax cuts for billionaires!
Republicans are busy voting, by a 216-212 margin in the House of Representatives, to speed “tax reform.” No one knows what the reform plan will look like, not even Speaker Ryan. But it’s going to be great! Most estimates seem to indicate it will add $1.5 trillion to the national debt.
This is not as bad as the Bush tax cuts in 2001, which added
several trillion to the deficit, but no one needed to worry then either. Those
cuts were sure to goose the economy and pay for themselves. Only they didn’t.
Budget deficits combined
for Fiscal Years 2002-2009 totaled $3.548 trillion.
No comments:
Post a Comment