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Politics : The Trump Presidency
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To: zzpat who wrote (64997)4/6/2018 11:53:02 AM
From: TimF  Read Replies (2) of 360803
 
Since we had balanced budgets a few years ago I think it's safe to say the massive tax cuts combined with trillions of spending on wars

The balanced budgets aren't really relevant to your argument. The budgets were briefly balanced (or modestly in surplus) for a short time by one way of measuring them (and still in deficits by another) only due to rather extraordinary circumstances. Taxes have gone up or down since then, but none of the tax rates from that time to now, would result in balanced budgets with current spending (even before the new increases that are happening).

The real mess however isn't even current deficits. Its entitlements. Everything else, tax cuts or increases (no tax regime that has ever existed in the US, from no income tax to 90+% rates or anything in between would solve the problem), even the totality of defense spending (reducing it to zero would not solve the problem) is very small compared to what's slowly happening with entitlements.
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