Most of the growth in debt has come from the public share of the debt, not the so-called debt we owe ourselves.
Again, revenues would have been higher on the corporate side if not for the tax cuts, but there is evidence that much of the increase in payroll tax revenue was due to job growth, which was fueled, in part, by the tax cuts themselves.
Rather than discuss any plan to cut spending and actually reduce the harmful footprint of government in the private economy, Republicans are talking about another tax package and more spending, totaling $54.7 billion.
Tax cuts are good, but at some point, we've crossed the Rubicon where, if all Republicans do when in power is cut taxes, but at the same time they increase spending rather than cutting it, the tax cuts become counterproductive in many ways.
Until now, the low tax doctrine has been worthwhile, but any continued effort to only cut taxes while continuing to increase spending is counterproductive both policy-wise and politically.
The more we are desperate to service the debt, the higher the interest rates will rise, which will attract even more investments into treasury bonds and away from private investment, creating a perpetual death spiral of more debt, higher interest rates, increased debt payments, and less private investment.
It's time we promote free market reduction of government market interventions along with the tax cuts or no tax cuts at all.
https://www.conservativereview.com/news/half-baked-low-tax-socialism-is-getting-us-a-whole-progressive-hell/
Again, revenues would have been higher on the corporate side if not for the tax cuts, but there is evidence that much of the increase in payroll tax revenue was due to job growth, which was fueled, in part, by the tax cuts themselves.
Rather than discuss any plan to cut spending and actually reduce the harmful footprint of government in the private economy, Republicans are talking about another tax package and more spending, totaling $54.7 billion.
Tax cuts are good, but at some point, we've crossed the Rubicon where, if all Republicans do when in power is cut taxes, but at the same time they increase spending rather than cutting it, the tax cuts become counterproductive in many ways.
Until now, the low tax doctrine has been worthwhile, but any continued effort to only cut taxes while continuing to increase spending is counterproductive both policy-wise and politically.
The more we are desperate to service the debt, the higher the interest rates will rise, which will attract even more investments into treasury bonds and away from private investment, creating a perpetual death spiral of more debt, higher interest rates, increased debt payments, and less private investment.
It's time we promote free market reduction of government market interventions along with the tax cuts or no tax cuts at all.
https://www.conservativereview.com/news/half-baked-low-tax-socialism-is-getting-us-a-whole-progressive-hell/
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