Crickets crickets from the GOP and pundits. This used to be a daily rage. Now Trump is surpassing Obama’s annual debt increases, and this is without a huge recession. Trump was handed <5% unemployment and <$500 billion deficit on a silver platter.
Unforgivable. He was supposed to pay off the debt.
We need a nationwide tax bill sent to every state to pay down the debt based on population; however they want to get the money is up to them, but 10% of the debt should be paid every year for the next ten years. It will take WWII levels of sacrifice but we need it.
I support a balanced budget amendment. 5 years after passage congess MUST submitt a balanced budget to the president. No CR’s, actual budgets. If not, if revenue is predicted to be lower than previous year – all agencies/departments cut by same percentage to acheive balance and cuts can not be restored and taken from other area’s of the budgetr.
5 years after first balanced budget, 2% of revenue must be used to start paying down national debt. If no budgets, that 2% can not be cut.
If no budget and revenue is expected to be higher. Previous years budget with NO increase in effect and all excess revenue along with 2% goes to paying down the national debt.
Built into it. simple majority to cut taxes. 3/4 vote of both houses to increase taxes.
This has been the Republican playbook since Reagan. Cut taxes with no way to make up the loss of revenue, keep the spending spree going and then when they’re out of power debt and deficits suddenly matter again. Rinse, repeat. I don’t think there’s been a Republican administration that has actually reduced the deficit that was inherited since Eisenhower.
The deficit was under control befire ya’ll passed the tax cut. The deficit started drastically being reduced after tax cuts for upper earners expired in 2012.