Friday, September 14, 2018

What's a Little Deficit?

       The budget deficit for the first 11 months of this fiscal year is $900 billion. So we are on track to have a deficit of $1 trillion according to the Congressional Budget Office (CBO). A tidy sum, don't you agree? It's not that we can't overcome that amount over time, but that's an increase over last year by $222 billion. Which means that last year the deficit was $680 billion. So over Trump's first two year period we added over $1.5 trillion to our debt.
       Really folks don't you think that's enough? Of course to listen to Congressional Republicans, you'd think its clear that all that debt would magically disappear if only they were allowed to cut back on wasteful programs like Medicare and Social Security and Medicaid, don't forget Medicaid. Now when they say "cut back" what they're really saying is that they want to eliminate all three.
       The problem is, doing that still wouldn't erase that kind of debt. Unless they have in mind billing recipients of all three for past years receipts. But fair is fair. They gave a huge tax cut to the wealthy so to balance things they have to give a huge tax increase to the middle and lower class. They just wouldn't call it a tax increase. More like a tax adjustment. Now, ya see how nicely that all works out?
       And ya see, as long as they talk soothingly and explain how its all the fault of Obamacare, people won't notice the problem until those checks stop coming and the hospital starts asking for cash. And the beauty of it all is that if they get just one Democrat to go along they can call it bi-partisan. Two would be better, but one does the trick.

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