Let’s keep the rhetoric in perspective.
The Republican tax reform is projected to add $1 trillion to the national debt … over ten years.
BEFORE tax reform the CBO projected that the debt would grow by $11 trillion over ten years so now instead of $11 trillion it may be $12 trillion. That means that with no changes to current policies (such as our spending for all promises made) we will be $32 trillion in debt in ten years instead of just $31 trillion.
So, should we be agonizing over $1 trillion or $31 trillion?
We need a quest, a quest for any politician who tells the truth about all this and the risk it poses for our country. A quest for citizens who give a damn. The truth is that this is not sustainable, the truth is that the CBO and others have been warning about our course for years and yet incredibly there are still politicians telling people they deserve “more”.
The truth is we need to change both our spending and our revenue policies AND to stimulate economic growth. ANY POLITICIAN WHO TELLS YOU OTHERWISE OR IMPLIES THAT ALL WILL BE WELL IF ONLY THE WEALTHY PAY MORE IS LYING TO YOU.
Oh, by the way over the next sixteen years we also have to come up with $2.9 trillion to redeem the Social Security Treasury Bonds so that we seniors can get the full benefits we “deserve” 😜<<