George Bush just wasn’t smart enough to be president, and Donald Trump has no ethics but self-interest. Under their watches, the Republican Party and its leaders have, as this article lays out, destroyed our tax structure to enrich the oligarchs who rent people like them and It has produced the obscene wealth inequality we have today. To be honest, as I read day-after-day that criminal Trump is still the choice of the Republican Party for a second term I increasingly think most American voters don’t understand any of this, and I am thinking it just may be that Americans aren’t smart enough, engaged enough, to select leaders capable of running a democratic republic in the 21st century.
Donald Trump stood at the presidential podium in the White House Rose Garden on on July 14, 2020 and unleashed a torrent of criticism on his Democratic opponent, turning the press conference into a campaign event, while Dick Cheney and George W. Bush stood next to him looking on. Credit: Bush White House, 2004)
The U.S. Treasury Department on Friday released new figures related to the 2023 budget that showed a troubling drop in the nation’s tax revenue compared to GDP — a measure which fell to 16.5% despite a growing economy — and an annual deficit increase that essentially doubled from the previous year.
“After record U.S. government spending in 2020 and 2021” due to programs related to the economic fallout from the Covid-19 crisis, the Washington Post reports, “the deficit dropped from close to $3 trillion to close to $1 trillion in 2022. But rather than continue to fall to its pre-pandemic levels, the deficit unexpectedly jumped this year to roughly $2 trillion.”
While much of the reporting on the Treasury figures painted […]
Albus Eddie
on Tuesday, October 24, 2023 at 5:39 am
This entire process is part of a trend started under Ronald Reagan where so called “conservatives” conserved nothing, but instead spent money like drunken sailors, running up the deficit higher and higher. What we are seeing is a feature of the Republican strategy not a bug. The Republicans cut revenue driving up the deficit and the democrats come in and have to clean things up. The deficits are driven by our sky high “defense” budget ( which can’t be discussed) and all the tax cuts to the wealthy. The goal, of course, is to “starve the beast” and paralyze government. This is why you witness little anxiety about the lack of a Speaker of the House. A paralyzed government is just fine in the eyes of some.
This entire process is part of a trend started under Ronald Reagan where so called “conservatives” conserved nothing, but instead spent money like drunken sailors, running up the deficit higher and higher. What we are seeing is a feature of the Republican strategy not a bug. The Republicans cut revenue driving up the deficit and the democrats come in and have to clean things up. The deficits are driven by our sky high “defense” budget ( which can’t be discussed) and all the tax cuts to the wealthy. The goal, of course, is to “starve the beast” and paralyze government. This is why you witness little anxiety about the lack of a Speaker of the House. A paralyzed government is just fine in the eyes of some.