The US Treasury is headed for the rocks. General Quarters!
Tax cuts is not going to save the ship.
And we have zero leadership at the helm.
Link: https://x.com/RayDalio/status/1878840018770210979?lang=en
Replies to: The US Treasury is headed for the rocks. General Quarters!
It's the path of empires. We lack the will to make the necessary changes.
So, changes will be made for us. But at least the Boomers had a good ride.
The US got fat, dumb and happy after WWII due in large part to good fortune and entering the war at the right time. The next 75 years for the US won't be like the last.
That narrative doesn't pass inspection...the USA was doing just fine until the Reagan Tax Cuts...
...then an improvement under Clinton...followed by more Tax Cuts by GW Bush...a Great Recession due to Laissez-Faire non-regulation of Finance Industry (GOP erosion of GS)...more Tax Cuts from Trump...then a worldwide pandemic handled poorly by DJT...and now he wants to double down on Tax Cuts (for the wealthy and corps...as always), which at least some GOP lawmakers are finally balking at (in the face of physical threats to not only them, but their families as well (just ask Sen. Murkowski)).
You blame it on THAT? Oh brother.
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I'm not the only one...even some Republican Senators have "Woken" up to the insanity of Tax Breaks
for the Wealthy and Corporations...a fiscal "Strategy" that started with Reagan.
Now the ball is in your court...try defending that strategy...as well as the repeal of Glass-Steagall, which led to our Great Recession. If you apply Critical Thinking, you'll have to come to the conclusion that this country cannot trust the modern day GOP to be its Fiduciary party.
Link: https://www.pgpf.org/article/full-array-of-republican-tax-cuts-could-add-9-trillion-to-the-national-debt/
Both sides of the aisle are to blame, but the Dems are more to blame, especially now.
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Especially now? That abortion of a tax cut/spending nightmare bill is entirely a GOP creation. Not a
SINGLE D supports it. The GOP completely owns this deficit blow out legislation.