I've been saying all along that the GOP's tax and spending cuts are just pushing off into the future dramatic tax and spending increases for our kids, because someone is going to have to rebuild everything. That will give Republicans another 30 years to whine about Democratic tax and spend policies, by design.
Trump and Paul Ryan will be taking a meat ax to the tax brackets, giving the rich a windfall at a time our economy is saying no...oh wait, Republicans are in charge...here's the conservative Wall Street Journal:
U.S. Budget Deficit Widens: Government spending outpaced revenues by $433 billion from October through May.But "spending" is simply a commonly accepted meaningless talking point Republicans toss around when they get in trouble cutting too many taxes believing life is only going to get cheaper:
Government spending outpaced revenues by $433 billion from October through May, up from $405 billion during the same period a year earlier. Receipts are up 1%, and outlays have climbed 2%.Even Reagan planned for retiring baby boomers when he established $2.6 trillion trust fund. But tax cutting Republicans who keep cutting revenues must have forgotten that:
Spending on Social Security, Medicaid and interest owed on the national debt are all up through the first eight months of the year. Declining government revenues and long-term costs associated with an aging population are expected to continue pushing up the deficit.Below Dumb Ron Johnson turns moral and compassionate behavior on its head justifying beneficial cuts for himself, knowing full well the next generation will be swimming in debt, with little or no revenues, trying to deal with a crumbling neglected nation. Actually, shoring up SS and Medicare with funding, instead of a tax cuts, prevents future generations from being impoverished. Johnson got it wrong again: