It started in the early 80's, nearly corrected itself around Y2K, and has been racing to destruction ever since. Being glad for these relatively small crumbs provided (compared by huge benefits provided the 10%ers and corporations) is extremely short sighted at best.My point with that remark wasn't to be glib, as I can certainly see what many opponents to the tax bill see. I just didn't want to get into my whole train of thought.
The thing is, for the last 40 years, opponents on either side of the aisle have been decrying various bills and measures implemented by their rivals as catastrophic or apocalyptic. Every time, balance comes along and sort of straightens everything out.
To listen to Republicans during the Obama era you'd think we'd all be living in cardboard boxes by now. And sure, there are things he did that didn't help the economy, but we weren't all plunged into darkness.
Same with Bush. He did his damage but we are all still here.
I'm not saying we aren't negatively impacted by these decisions.
These things come in waves - and nothing is ever as bad as the prognosticators - uh - prognosticate. If left on it's current path, there is a high likelihood that this tax arrangement will be a huge bummer. But I just think the odds of us getting to the point of disaster are slim. Could the bill do some form of damage? Sure. Will it be the crippling catastrophe that Dems are saying? More than likely not.
I just think that the wheel will come back to center before we hit the barrier, as it usually does. Which means in the short term, I'm thrilled with the extra money. I'm legitimately thankful for it.
How do you feel "the wheel will come back to center before we hit the barrier"?
All this while having a staunch fiscal conservative as Speaker. Thanks Paul Ryan for nothing.WASHINGTON — The federal government’s annual budget deficit is set to widen significantly in the next few years, and is expected to top $1 trillion in 2020 despite healthy economic growth, according to new projections from the nonpartisan Congressional Budget Office released Monday.
The national debt, which has exceeded $21 trillion, will soar to more than $33 trillion in 2028, according to the budget office. By then, debt held by the public will almost match the size of the nation’s economy, reaching 96 percent of gross domestic product, a higher level than any point since just after World War II and well past the level that economists say could court a crisis.
https://www.nytimes.com/2018/04/09/us/politics/federal-deficit-tax-cuts-spending-trump.html
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