From: ScottW48@hotmail.com   
      
   On Wednesday, October 18, 2023 at 10:23:04 AM UTC-7, mINE109 wrote:   
   > On 10/14/23 3:53 PM, mINE109 wrote:    
   >    
   > (Replying to Scott )   
   > > No, I simply disagree that debt is the immediate problem you think it    
   > > is. And you must not think so either or you'd have protested Trump's tax    
   > > cut.   
   > I stand corrected. According to this: "Long-term projections show that    
   > federal debt as a percentage of the U.S. economy is on a path to grow    
   > indefinitely, with increased noninterest spending due to demographic    
   > changes... outstripping revenues under projections based on current law."    
   >    
   > https://www.americanprogress.org/article/tax-cuts-are-primaril   
   -responsible-for-the-increasing-debt-ratio/    
   >    
   > The cause?    
   >    
   > "[T]he Bush and Trump tax cuts... are responsible for more than 90    
   > percent of the change in the trajectory of the debt ratio to date (see    
   > Figure 3) and will grow to be responsible for more than 100 percent of    
   > the debt ratio increase in the future. They are thus entirely    
   > responsible for the fiscal gap—the magnitude of the reduction in the    
   > primary deficit needed to stabilize the debt ratio over the long run."    
      
   Complete nonsense.    Look at the federal revenue charts.   
      
   and note this gem  straight from the gov.   
      
   Since 2015, the Revenue-to-GDP ratio has increased from 18% to 19%.   
      
   https://fiscaldata.treasury.gov/americas-finance-guide/government-revenue/   
      
   ScottW   
      
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