I remember Trump's promises during the campaign. Cut taxes. Spend billions more on the military. Spend billions on a wall. A lot of spending with no increased income to the government yet the budget would be balanced. Instead the federal deficit rose 17% from 2017 to 2018 due mostly to the sharp decrease in corporate tax revenue.
So don't ignore the FACT that Republicans are just as much to blame for the ridiculous federal deficit as Democrats.
Originally Posted by SpeedRacerXXX
Good point -SR.
Both parties are to blame for our indebtedness.
I do not see any will of the pandering politicians to reform our tax code, reform our spending, and put the US on a sustainable course.
Not to mention no will of the population with it's hands - out for government freebies
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years. These nations have progressed through this sequence: From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to selfishness; From selfishness to apathy; From apathy to dependence; From dependence back into bondage.”
― Alexander Fraser Tytler
https://www.goodreads.com/author/quo..._Fraser_Tytler