Republicans are desperate to pass a budget that not only cuts healthcare and other programs working Americans rely on but increases the debt by $20 TRILLION over next 10 years. Speaker Johnson says don't trust the CBO. OK - let's look at the impact of past GOP trickle down tax scams: #TrickleUp - ThreadSky

bryandawsonusa.bsky.social • 11 days ago

Republicans are desperate to pass a budget that not only cuts healthcare and other programs working Americans rely on but increases the debt by $20 TRILLION over next 10 years.

Speaker Johnson says don't trust the CBO. OK - let's look at the impact of past GOP trickle down tax scams:

#TrickleUp

Comments

ericmoorephoto.bsky.social•10 days ago

I'll do you one better. Even working class tax cuts are not that great at stimulating economy because working class people often take that money and pay down debts or save it. John Maynard Keynes was right. The way to stimulate the economy is with government spending. When government is given...

ericmoorephoto.bsky.social•10 days ago

money it spends nearly all of it. This, as you pointed out, has a multiplier effect. Everyone wonders why the economy does better under Democrats in the modern era, this is the reason why. Now it is reckless for the government to borrow money to spend it unless there is an economic downturn...

bryandawsonusa.bsky.social•10 days ago

Great addition to the thread, thank you.

ericmoorephoto.bsky.social•10 days ago

Currently, 16% of every budget is to service debt. In the long run, this is not sustainable. In times of prosperity, it is understandable to not create new programs of government spending because it isn't needed. What should happen is taxes should go up to help pay down that debt. This is what...

ericmoorephoto.bsky.social•10 days ago

happens under Democratic administrations. The opposite is true under Republican ones. Tax cuts for the wealthy and cuts to government spending. The results are increased deficits and a slowing of the economy. The wealthy hoard their money. That's how they stay wealthy. Sure they invest but usually..

ericmoorephoto.bsky.social•10 days ago

in stable investments like, wait for it, government debt. Yes there is some speculative investment but it's not all of their portfolio. This is why the Laffer Curve has been wrong since its inception and will continue to be wrong. It assumes all tax savings will be invested. Only a fraction is...

ericmoorephoto.bsky.social•10 days ago

Supply side economics and the Chicago School are dead. The reality is that Keynes was right. We now have over 50+ years of economic experimentation that proves this fact.

livinonbluespower.bsky.social•11 days ago

These GOP fuckers talk a lot about fraudulent poor people on medicaid but not enough about the fraud committed by the wealthy tax cheats!

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