I’ve been noticing that liberal pundits have observed and been talking about how the federal deficit is only of importance to Republicans when the Democrats are in power, and here it comes:
Our debt is 125% higher than our gross domestic product. That is not sustainable. What is not feasible or practical is trying to reduce the debt through tax increases, which would slow the economy and cause the debt to be an even higher percentage above GDP.
What is possible is freezing the debt.
It is possible for Congress to embrace a pay-go system, much like we had in the first Bush Administration that carried through the Clinton Administration. Freeze spending and require either tax increases or spending cuts thereafter. Couple that with deregulation and other incentives to spur economic growth and the debt becomes a lower and lower percentage of an ever-expanding GDP.
Growing our way out of the problem is a far better solution than taxing our way out of a problem with no propensity to slow down spending. [Erick Erickson, Confessions of a Political Junkie]
The first thing to ask is, You guys had control of the Presidency and both wings of Congress in half, or more than half, of both the Bush and Trump Administrations. Why didn’t you folks fix the problem then?
Filibuster, you say? Please, don’t make me laugh.
Don’t dare raise taxes? I live in Minnesota, long the home of ruinous taxes, if you believe the local Republicans, and we’re just zipping along.
Can’t protect ourselves? The Bush Administration certainly didn’t let it stop them from starting two wars.
The hypocrisy is giving me a headache. Literally.
And it’s another reason to ignore the Republicans until they reform themselves out of their morality-free hole in the ground.
