As the saying goes, continuing to do the same thing over and over again and expecting a different result, is insane.
So Trump rolled out his version of trickle down economics. Cutting taxes and raising spending. Apparently expecting growth from tax cuts to increase income enough to pay for his trillion dollar plans. It would be laughable, if not for the reality that Americans have fallen for this economic insanity for over 30 years. The reality is, that economic thinking has failed every time it has been tried and left us with multi-trillion dollar debts.
I guess we should expect this kind of economic insanity from a guy who has had his businesses end in bankruptcy multiple times, yet, considers himself a successful businessman. I have to wonder whatever happened to the idea that we have to invest money to make money and cut our indebtedness. It really does come down to simple math, but I guess his college did not teach such simple tactics.
It wasn't just rich people who have had their taxes cut over the last 30 years, and we can't pay off our debt by just taxing the rich. So Clinton's economic plans are just as flawed, even if the Democrats win majority besides the White House. Getting rid of corporate welfare and tax cuts will bring in 100's of millions of dollars, but that still leaves a huge debt compared to Clinton's trillion dollar spending plans. The choice is what you prefer government to spend your tax money on, no matter how much the debt is increased.
I'm sure glad I won't be alive to pay for this financial mess, and glad my votes did not support such insane financial tactics that created this financial mess.
No comments:
Post a Comment
Comment moderation is on. Your comment will be posted after approval.