[whell]

Originally Posted by Rajoo

Please don't bother.
When tax cuts are handed out with borrowed money, all current and future tax payers are in the hook for the amount added to the deficit. This no one cannot dispute.

As to what the tax cuts are used for, please see Post #766.

I have my own theory on these tax cuts the GOP pushes at least once every decade. Of course everyone loves a tax break so both parties join together (gets them the votes) to pass the most ill conceived of tax cuts. Debt payments need to be made, so cuts in spending ensue and we all know where. Eventually no more cuts to be made and the only option is tax increase and that's when the GOP "tax & spend" mantra begins and the voters are dumb enough to hand the reigns to the GOP for the next tax cut of the decade.

https://www.cnsnews.com/article/wash...record-october

At the same time the federal government was collecting this $318,576,000,000 in record taxes for the month of October, the federal government was spending $406,374,000,000—thus, running up a deficit of $87,798,000,000 for the month.

Once again, revenue isn't the problem. Spending is the problem.