Want to read Slashdot from your mobile device? Point it at m.slashdot.org and keep reading!

 



Forgot your password?
typodupeerror
×

Comment Re:The economy is collapsing (Score 1) 126

I've already explained that I was replying to your second sentence: "So, the debt increases were a result of spending increases, not because of the "hated" tax cut." You are trying to claim that since revenues went up after the tax cut, then the tax cut can't be the reason for the increase in debt. In fact, you claim that an increase in spending can be the only reason for the increase in debt. As I said before, you are ignoring the fact that even though revenues went up after the tax cut, they didn't go up as much as they would have without the tax cut. That difference in revenue also contributed to the debt.

Comment Re:The economy is collapsing (Score 1) 126

I responded to "the tax cuts went straight to the debt". If tax revenues went up and the debt increased, then it was because of spending increases, which I what I said.

And that is where you are wrong. The correct answer is: If tax revenues went up and the debt increased, then it was because of a combination of spending increases and the tax breaks. This is because, even though tax revenues went up, they didn't go up as much as they would have without the tax breaks. Come on man.

Comment Re:The economy is collapsing (Score 2) 126

The entire economy had been goosed by the trillion dollar tax cut that all went right into the debt.

Except tax revenues went up after the tax cut, as predicted by many conservatives. So, the debt increases were a result of spending increases, not because of the "hated" tax cut.

Not quite: Did the 2017 tax cuts and jobs act pay for itself

Slashdot Top Deals

"Ninety percent of baseball is half mental." -- Yogi Berra

Working...