Quote:
Originally Posted by JustRachel
Question for liberals/democrats on the board. Conservatives feel free to chime in as well, but I'm pretty confident in how you'd respond.
In regards to deficit spending, where do you stand?
Given that the previous high yearly budget deficit was $1.4T in 2009 and we are looking to top $3T in 2020 and $2T in 2021, what should we do?
Option 1) cut spending
Option 2) raise taxes
Option 3) both 1 and 2
Option 4) keep on keepin' on. It's all good.
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I lean left but man - that is a dangerous spike. I feel we delay the inevitable without option 3. Cutting spending won’t be sufficient, and ideally we reset taxes at worst to where they were pre-Trump tax cuts. I mean - from what I understand personal taxes will soon anyway (part of why I laughed off those seeing it as a big boon for individuals), but the cut in corporate tax rate just means they have less to try and dodge :/