2020-01-15 14:17:07
Republicans have been spending like crazy since Trump got into office but now that the election is coming up, expect them to scream about the national debt! Will the American people fall for one of the oldest tricks that Republicans use? Increasing spending only to scream about programs of social uplift?
The following excerpt from The New York Times.
But Mr. Trump has increased that pressure by signing both a $1.5 trillion tax-cut package in late 2017, which reduced federal tax revenue, and a series of bipartisan congressional agreements to increase spending on the military and on nondefense domestic programs like education. Spending grew by 7.5 percent in 2019, the fastest rate since 2009. He and other Republicans have long criticized Democrats, particularly Mr. Obama, for spending too much and running up the deficit. In pushing for the tax cuts, Mr. Trump and his allies promised they would generate enough growth to “pay for themselves” through economic growth that generated additional tax revenues.
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