Talk of The Villages Florida - View Single Post - US Taxpayer already suffering effects of Trumps tax disaster
Thread: US Taxpayer already suffering effects of Trumps tax disaster
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Old 12-21-2017, 12:15 PM
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Can you explain to me the advantages in cutting taxes without cutting spending? It same as not making a monthly credit card bill. You still have to pay it but now there is more interest. as far as it will pay for itself, if it so great an idea why don't we cut taxes 10 fold so we all get rich.
Well dougie...what we do and what we continue to do is...simply take out ANOTHER loan...float some more bonds...to pay.

We OWE $20 TRILLION...we're SHORT over a $1 trillion each year. We BORROW 1/4 of the federal yearly expenses.

To stay alive, they'll keep borrowing. They get another credit card to pay the interest only on the 1st. We have a LOT of credit cards now. Every time they raise the debt ceiling...and they WILL raise it again...it's like the government getting another new credit card to run up a balance on...that they CAN'T pay...just like all the others before it.