Even though President Donald Trump’s administration has taken multiple actions that have effectively weakened the economy, Fox News is helping Trump prepare to place the blame for worsening economic indicators on former President Joe Biden, who handed off a strong and stable economy to Trump less than two months ago.
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Ingraham said the economy is “weighed down with $36 trillion and counting in debt,” calling it “weakness.” …
Where do you think that giant fucking debt came from? Hint: republican tax breaks for the mega rich and military spending
Also a fair amount comes from the first Trump administration and their terrible handling of Covid.
If only we had a strong internal revenue service or something.
the entire national debt is due to tax cuts given to the wealthy over the last many decades. much, much more has been given to them over the years, transferred from lower and middle class to the wealthy, than what the debt is.
had those tax cuts and other policies that benefit only the very wealthy not happened, we could literally be living in a utopia seen only in movies.
Well, maybe. With globalization it’s hard to keep them from putting things off shore or even just leaving entirely. I’m sure there’s an involved solution that requires global cooperation, but there’s always that threat so long as there’s mega rich people out there.
The megahoarders are leeches on society anyway. Them leaving isn’t a real threat. Putting things offshore is always an option but there are ways to reduce that loophole.
They cut spending on actually useful things but their tax cuts for the rich always overpower the cut in spending meaning that they only add to the debt.
Debt always goes up under Republicans.