Senate Republicans just failed Governing 101

[turbinetree]

By Editorial Board December 2 at 9:01 AM

THE NATIONAL debt is $20?trillion and rising. That is the highest it has been as a slice of the economy since 1950. Now the Senate has approved a tax plan that would make the problem substantially worse while widening inequality and reducing access to health-care coverage. The current generation will pay. The next will pay more.

Republicans were warned over and over again. The Joint Committee on Taxation, an important congressional scorekeeper, reported Thursday that the Senate plan would add $1?trillion to the debt — and that is after accounting for any economic growth the bill would spur. The committee was just the latest nonpartisan group to predict massive new debt. But Republicans who have inveighed against budget deficits for years simply ignored the numbers. Sen.?Bob Corker (Tenn.) was the lone exception, showing his colleagues what integrity looks like by voting no.

The future they have mandated for the next generation is one in which the government has fewer resources to respond to a major economic crisis, let alone to invest in keeping the country competitive. The next time there is a recession, Congress will have to choose between pumping needed money into the economy and pushing the debt into ever more dangerous territory. Many more people could lose their jobs.

https://www.washingtonpost.com/opinions/senate-republicans-just-failed-governing-101/2017/12/02/ee1d0f68-d6c6-11e7-95bf-df7c19270879_story.html?hpid=hp_no-name_opinion-card-a%3Ahomepage%2Fstory&utm_term=.2f4aebfd6485


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Republicans rushed through this massive change in policy with cursory vetting and no attempt at bipartisanship. They either do not care about the debt or they are so deluded by wishful thinking and fantasy economics that they should not be running a gas station, let alone the country. Either way, they just failed Governing 101.


In the 1950's the tax rate was 90% and it paid for a lot of things-------roads, schools airports, ship docks, etc...............

Common sense logic says that if you cut taxes, you cut schools, roads, airports, ship docks, the math does not work, the "Laffer curve" (trickle down economics) is just fucked up, just like the Lewis Powell Memo, that have guided the right wing fascist party called the republicans, they have now pulled the plug from the dike, and there fingers will not plug this future hole-------------------they have created the failed state and they................were more concern with greed and green backs are more important than country

[KPN]

1. I say fuck 'em. Let's bring back

the 90% tax rate.

[safeinOhio]

2. We had the highest and longest

growth then.

[KPN]

3. Yup!

[Eyeball_Kid]

4. I've been in favor of this idea for a very long time.

it's what worked in the past. It's got common sense logic. The wealthy don't need more wealth. They have plenty. It's useful and timely to redistribute that wealth toward infrastructure jobs and get billions recirculated through the economy. THAT'S what will make the nation strong again. It has to be forced upon the wealthy. They won't give up any portion of their wealth voluntarily, and they'll ALWAYS want more. They really don't care about the rest of the nation. Increasing their marginal tax rate is the only way to revitalize the nation's economy.