[dillywho]

Originally Posted by 8notes

Wrong - experts are giving that a huge question mark - Tax cuts in 1981 and the early 2000s widened deficits. With the new cuts the Treasury will be burning through cash reserves faster than usual. A shortfall of $136 billion is expected due to the tax cuts this year alone. Conservative estimates are that the federal deficit will increase by $2 trillion in the first 10 years. Very few economists are saying the revenue loss would be fully offset with revenue growth. The people spouting this magical thinking are politicians.

Even so, that still beats 10 trillion-plus in 8 years. At least it is because Americans are seeing benefits from it instead of watching the debt rise because we keep shipping money overseas, in the name of "helping" them, to countries who hate our guts.