Republicans, why should any of us vote for Trump? (user search)
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  Republicans, why should any of us vote for Trump? (search mode)
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Author Topic: Republicans, why should any of us vote for Trump?  (Read 2228 times)
Southern Senator North Carolina Yankee
North Carolina Yankee
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« on: October 10, 2020, 02:35:56 PM »

From a cost benefit analysis in terms of the impact on the deficit, the minimal economic benefits of the 2017 tax cut were most certainly not worth it. And for the third time in row we have seen that supply side tax cuts do not pay for themselves because the growth never gets high enough or lasts long enough to pay for themselves before another recession comes along and balloons the deficit even more. Furthermore, the presumption that spending cuts will happen to ensure that it balances out is foolish because the politics will never be their to make that an easy sell. The right wants defense spending and the left wants domestic spending and neither side will every cut their base's gravy train off.

The end result of divorcing spending from the revenues is that you end up with massive deficits because people love tax cuts and they also love not losing their gravy train. Its the free money trap. The problem is the money is not free, it is coming from China, from Opec and other places we really should not be beholden to, or it is coming right out of the Federal Reserve.

Either way, this model is not sustainable to the long term success of the nation and we are only going to ping pong ourselves to bankruptcy and ruin if we keep playing these games based on pie in the sky modeling, wishful delusions about spending cuts and failure to consider the long term consequences of one's actions.

Republicans need to bury deficit funded tax cuts and find a new catchall economic policy, that works congruent with, not in conflict with the geopolitical struggle with China that OSR often talks about.
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