Oct 21, 2017

National Debt - Now is Not the Time For a Major Tax Cut and Spending Increases

President Trump is proposing a major tax cut and substantial spending increases. This when our deficits are very high and projected to go much higher. 

The economy is doing very well.  Now is the time to begin paying down the national debt, not increasing it. The table below leading debtor nations.  The US debt is 106 percent of GDP. At least we are not as bad as Greece. Here is hoping enough responsible Republicans are left to block this very bad proposal. 



https://en.wikipedia.org/wiki/List_of_countries_by_public_debt


Trump, 'King of Debt'


http://www.cnn.com/2017/10/21/politics/president-donald-trump-king-of-debt-tax-reform/index.html