I gotta admit I pretty much agree with all of this, you have a great point that cutting social programs is very difficult once you have people dependent on them. And cutting military is also difficult because we definitely don't want to reduce our ability to defend and protect ourselves. Even all the other miscellaneous expenditures are hard to cut once agencies have a budget, they fight to keep it and increase it every year. The federal government and all its spending is like a malignant cancer - it is self-regenerating.
Where I disagree with you is that you seem to think feeding it by confiscating money from the private sector is a good way to handle it. When what that does is contract the total wealth available to draw from. Companies send their money overseas, markets shrink, consumers have less to spend and invest.
If the deficit is going to exist and we cannot get rid of it, better to at least let people keep their money, have more jobs, better quality of life with a good economy. You may be right it's not sustainable in the long run, but neither is doing it your way.
If the Federal government and its spending deficit is too far gone to reverse then eventually our nation will collapse. I think keeping money in the private sector will prolong the life of the nation and we will be happier in the meantime. But killing us with high taxes will bring about our decline faster and we will suffer more sooner.
You’re on the right track, but I say we can and should work on austerity measures. We must.
You’re spot on with tax cuts. It’s simpleminded thinking like Steingar that never consider the dynamic effects tax cuts have on an economy. They merely look at
The static results as if the economy would make no changes if it had more money to work with.
As much as leftists thrash the trickle down benefits of tax cuts, the record low unemployment, major movement in Quarterly GDP, and an economy that
Doesn’t have enough workers to fill available jobs are a direct result of pro-growth policies like that cuts and deregulation put in place by Trump. That’s dynamic, not static. And that’s reality.