Loading ...What about the so-called Trump tax cuts? Stockman predicts, “I think it’s going to be a fiscal calamity of Biblical proportions. I want to be clear. I am always for tax cuts and shrinking the size of government, but you have to earn it. You have to cut spending and entitlements and this massive defense budget. Obviously, they didn’t do that. If you look at honest accounting . . . this bill will add $2.5 trillion to the public debt which, and this is a key point, is already going to rise by $10 trillion over the next decade based on the current law and taxes that is still in.”
If Stockman is concerned about deficits then he should as well be anti-war and anti-imperialism. No doubt he is right about getting gov’t spending under control. We all know gov’t never shrinks, OTOH why the hell is he criticizing the tax cuts for growing a deficit that has gone from $5 trillion to $20 trillion under Democrap & Bush control, in large part because of wars, bank bailouts and gov’t pension bailouts which are never mentioned.
I’m just sayin’ 🙂
The pm complex is going to do great in the next couple of months JMHO