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GOP on taxes: Cut rates, brackets but what about the deficit

This is one of the main problems of Trump’s plan.  It is true that his tax cuts and jobs plan will be beneficial in the very long term.  But, in the short term we have a very large debt of $20 trillion staring back at us.  It isn’t going to go away and there is no wishing it away.  It is a little too late in the game to think Reagan style economics is going to fix things.  These days, countries are not buying our bonds and we currently have no growth in the United States.  It is a much different landscape than what we had in the 1980′s, and debt numbers were much smaller as well.  Today, the national debt outweighs GDP by over 130%.  That is unsustainable and it has only been growing for the past 30 years.  For people who think we will continue to be blessed with future pension plans and supreme benefits are terribly wrong, especially from a government service point of view.  It is nearly impossible to just reverse over 30 years of poor policy and the consequences after one election.  If taxes get decreased, growth is slow, and nobody wants our bonds, who is going to fund government pensions?

GOP on taxes: Cut rates, brackets but what about the deficit

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