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Originally Posted by Kenswing
I guess it depends on where you get your info from.. According to this article we have a spending problem.. Either way it's no good..
US deficit hits nearly $1 trillion. When will it matter?
For 2019, revenues grew 4%. But spending jumped at twice that rate, reflecting a deal that Trump reached with Congress in early 2018 to boost spending. |
The article you quoted also said "Most analysts think any real solution will involve a combination of higher taxes and cost savings in the government’s huge benefit programs of Social Security and Medicare."
I think it is abundantly clear, that the promises that the tax cuts would pay for themselves, were just plain wrong. And frankly, it really irks me that companies are getting these huge tax breaks, with no guarantee that they will reinvest in this country or move their business back to this country. Instead, as predicted, companies focused on buying back stocks and increasing dividends, which benefits shareholders, not workers.