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Originally Posted by finnbow
The moneyed interests who support the GOP would not stand for anything other than the financial windfall (with no strings attached) that supply-side economics affords them. That's the whole point of it after all, as Trump told his rich buddies in the days following his huge tax cuts, "You all just got a lot richer." |
While the rich get richer on the backs of tax payers, the average tax payer is not aware of our government's debt service payments, which is currently 9% of our budget. This is the burden on the future tax payers that GOP do not want to talk about but deflect this by saying we need to cut expenses.
Imagine 9% going to debt servicing, yet when mortgage rates hit 7%, blaming Biden for causing inflation is a cheap shot.