We've seen this movie too many times before.
How does slashing your income while escalating your spending lead to financial solvency.
It doesn't. It leads to the massive deficits we enjoy today.
When Reagan cleaved income taxes for the rich in the early 80s, he also jacked up spending on the military to ridiculous levels.
It failed then to do much for the economy. Stable oil prices by the mid-80s resurrected the economy of the U.S. and much of the world. Still, we had the worst drop in the stock market's history under Reagan.
When George W. Bush hacked taxes for the rich earlier this millennium, while also starting two unfunded wars, the economy did not go through the roof.
In fact, it collapsed in 2008.
Now, Trump and congressional Republicans have rushed through another massive tax cut for the rich while increasing spending for never-ending wars.
The "tax holiday" granted to corporations who stash trillions overseas will likely do what the last tax holiday did in 2004. Corporations used their cash to buy out competitors, which resulted in 20,000 jobs lost.
Republicans do not care about jobs. They don't really give a damn about this country.
Republicans care about winning elections, cutting taxes, satisfying their donor base and enraging Democrats. That's it.
Oh, and contrary to their constant whining when Obama was president, Republicans do not give a shit about the deficit.
And, they want free stuff. They want constant war, Social Security and Medicare while not having to pay for them.
What Reagan, Bush, Trump and congressional Republicans have taught the average American is that you, too, can increase your spending beyond your ability to ever pay it back.
Who cares. Just declare bankruptcy like Trump did multiple times and everything will be good.
The lesson learned in 2017 is this: You're a fool to pay off your debts. Also, don't file your taxes unless you're getting money back.
The government has no intention of ever meeting its debt obligations. Why should you.
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