General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Republican tax cuts are putting our country into another economic crisis.
After eight long years of trying to get the last crisis fixed and the deficits under control, the Republicans have struck again! Just like they did with the Bush taxcuts. If we recall, under the Clinton plan, before 9/11, there was a huge surplus and the national debt was expected to be paid off by 2010. Then, Bush and the Republicans crashed the entire system just before they left office. They left a trillion dollar deficit and a stock market that went down to 6700 and unemployment that was rising like a hot-air ballon and they had no idea what to do about it?? That is when the people elected the Democrat, Barack Obama.
It was a very deep recession and Barack Obama and the Democrats received little credit for pulling our country out of what could have been another Great Depression.
So now, Donald Trump and the Republicans have passed another huge taxcut and the deficit has already gone up to a trillion dollars! And that is just the beginning. Eight years of hard work and sacrifice have been shoveled into a pit for another shot at supply-side insanity.
Orsino
(37,428 posts)Their kind always weathers the storm or even profits from it.
They are cannibals.
Wounded Bear
(58,670 posts)Merlot
(9,696 posts)That's how they profit and take more money from the rest of us. Trickle down and supply-side have been proven to fail, no one expects them to ever work. They are a cover excuse.
Every time the economy crashes more workers are laid off, more retirement funds go "poof" and more money moves upward.
It's working exactly as planned.