Tax cuts that increase deficits and debt are wrong
New programs that create ongoing liabilities are wrong
Wasting more and more money on interest payments is stupid
Thinking that simply taxing the rich will pay for everything is naive.
It’s like a couple in their 40s deciding to borrow money to sustain a lavish lifestyle and then leaving the debts for their kids to pay off after they’re gone.
On present course and speed, the United States is on track to experience the highest deficits in its history, reaching more than $2 trillion a year by 2029. Those annual gaps are projected to increase America’s total debt to nearly $33 trillion by that date, according to the Committee for a Responsible Budget. That’s double today’s level…
If we care about our kids and the country we are leaving them, Americans will make these tough decisions instead of continuing to duck them…
Source: NYT 2-11-19