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Politics : The Trump Presidency
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To: zzpat who wrote (32409)9/3/2017 10:58:22 AM
From: TimF1 Recommendation

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one_less

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Nobody has given balanced budgets in some time if you consider the debt increase to the SS trust fund.

If you look at a unified budget then for a very short time the budget was balanced, and the Republicans who you seem to despise played a huge part in that. Republicans in congress that is. But you needed very favorable circumstances for that to happen. The tech boom, the end of the cold war etc. The only way to get durable balance, or even only modest deficits, is to reign in spending growth. Unfortunately with the exception of when the Republicans first took control of congress back when Clinton was president, neither party seems to really care about spending restraint, or at least not enough of either party does.

Tax cuts not having balanced the budget is not tax cuts failing. When I eat breakfast in the morning it doesn't balance the budget either, but that doesn't mean breakfast failed. In neither case is a balanced budget the direct aim.

Also its not the continual tax cuts that you seem to think happened. Tax rates were down to 28 percent. Since that point congress raised the top regular income tax rate when Bush I was president, when Clinton was president and when Obama was president. It only cut when Bush II was president. The top rate increased 41 percent (11.6 percentage points) since 1990.

During that time the deficit has exploded upwards. I'm not saying that its a cause and effect thing, but clearly the tax increases have failed if their aim was to get control of the deficit.
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