The United States Congress and Executive are considering a tax reform package that will substantially reduce taxes. This is absolutely irresponsible.
The US incurred substantial debt to fight World War II. This was the right thing to do. And then we paid down that debt for many years, until we enacted large tax cuts that began to increase our debt again. Then we started to reduce our debt again, only to start large deficit spending again. And future projections show our debt growing much larger.
Hopefully there will be enough responsible people in Congress to stop this extremely stupid action.
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