Does Anyone in Washington Care?

We might ask this same question to all levels of government…..


By Erick Erickson | The Resurgent 

Democrats in Congress want to raise taxes so they have more money to spend. Republicans used to claim they wanted to cut taxes to starve the beast, but now think that cutting taxes will stimulate the private sector economy, which in turn will generate more revenue for the government to spend.Looking at the increase in federal revenue after the 2018 tax cuts, Republicans seem to be winning the argument that their cuts boosted economic growth, which in turn boosted federal revenue. The problem is Washington is still spending more than it takes in.We have a serious problem.

The Treasury Department has a helpful new data lab to make it easy to understand our nation’s revenue and spending. According to the site, last year the federal government collected $3.3 trillion in revenue, but spent $4.1 trillion. That resulted in a $779 billion deficit, which was added to make $21.5 trillion in federal debt.

Democrats in Congress want to raise taxes so they have more money to spend.

Republicans used to claim they wanted to cut taxes to starve the beast, but now think that cutting taxes will stimulate the private sector economy, which in turn will generate more revenue for the government to spend.

Looking at the increase in federal revenue after the 2018 tax cuts, Republicans seem to be winning the argument that their cuts boosted economic growth, which in turn boosted federal revenue. The problem is Washington is still spending more than it takes in.

We have a serious problem.

Printing more money will only cause inflation, despite the claims of socialists. The party out of power alway says debt matters. The party in power says it doesn’t. But ask any American and they fundamentally understand that neither the nation nor its people can keep spending more than it takes in.

On top of that, our credit rating has not gone back up so we pay more in interest on the national debt.

Now Congress and the President want to bail out farmers because of tariffs and also need over $19 billion for disaster relief. Where is the money coming from? What will be cut?

The answer is nothing. That will add more to the debt. Our national debt is becoming the under-appreciated national security issue of our day and few in Washington seem to care.

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