Republican Hypocrisy and Our National Debt

Rand Paul and the Republicans were not worrying about the debt when they passed a 1.5 trillion dollar tax cut for the wealthiest American citizens. So it laughable when they suddenly care about giving away tax dollars.

 

I am an American who understands that paying for our military, our infrastructure, etc. requires all funding from all citizens which is paid in the form of taxes. Economics was core of my MBA program so I am trained in both macro and micro economics. If the GOP understood economics as they claim, it would understand that the Republican tax cut to billionaires is inflationary. Enjoy your tiny little bump in pay. It will soon be swallowed up by price increases in gas, groceries, etc.

 

The nation will hit the debt ceiling one month sooner because of the Republican tax give away. 

Comments

Dino Manalis Added Feb 9, 2018 - 1:19pm
Business tax cuts were necessary to improve economic conditions, but personal tax cuts are questionable due to that state and local taxes are no longer tax-deductible.  Fiscal discipline is always needed, I agree, and it was missing from the president's State of the Union speech.  We need careful gradual deficit reduction and elimination without hurting the poor or economy, like President Clinton achieved.
Flying Junior Added Feb 9, 2018 - 2:40pm
Fun Fact:  In the early 1990s Miller marketed its flagship brew, Miller Reserve 100% Barley.  Although it was a malt, it had a crisp, clean flavor.  It had its aficionados, but was soon discontinued after a short run.
 
Welcome to the WB, Tom.  I'm sure that you are more than qualified to predict the train wreck economy that we voted for ourselves out of ignorance, apathy and disinformation.  I talk to people who tell me not to be alarmed by the exploding national debt, but I take what they say with a dose of salts.  We are headed into uncharted territory.  And just like all of the HumVees and Bradley Fighting Vehicles that we shipped through the Panama Canal to the Persian Gulf, we're never going to see that money again.  Not in the Treasury or in the U.S. economy at any rate.
 
How about the Rand Paul?  Hypocrite par excellence.  Somehow I don't believe that his father would have so willingly sacrificed his principles to stay in power.
 
At least we didn't elect Hillary, n'est ce pas, Writer Beaters?  Talk about dodging a bullet.  Enjoy your parade, boys.
Bill H. Added Feb 9, 2018 - 4:55pm
 
It seems to me to be a no-brainer that taxes are required to fund the Military and infrastructure. Where else would the funds come from?
It just seems odd that we are talking about a mass build-up of the Military and replacing infrastructure, while at the same time saying that we are going to cut taxes.
Hello?
opher goodwin Added Feb 13, 2018 - 3:32am
There seems to be a mindless knee-jerk with Republicans. For some reason they just love huge sums being passed from the poor to the rich. I can't think why? It makes no sense to me.
Likewise Republicans really hate proper funding for education and health. Senseless.
They will come to rue this nepotistic give away.
Flying Junior Added Feb 13, 2018 - 3:42am
Mr. Miller has left the building.
Tubularsock Added Feb 13, 2018 - 2:03pm
Tubularsock is not enamored with either party. Their leadership seems only interested in enriching themselves and their families on the backs of the sleeping citizens who pay some of the bills along the way.
 
If you are always robbing Peter to pay Paul somebody gets left holding the bag!
rycK the JFK Democrat Added Feb 14, 2018 - 5:06pm
"Debt is good"--Paul Krugman