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A comment on The K-shaped recovery. Parent comment

Re:The K-shaped recovery by bhupy on Friday September 25, 2020 @07:20PM (#24595051)
> Yep, they didn't even get it down to 0 and already increased our debt by 2 trillion (more than Obama)

Just FYI, the debt didn't increase as a result of the tax cut, it increased as a result of spending. The Federal government's tax revenue actually increased after the tax cut, which means that the deficit is being driven by spending increases, not tax decreases.

https://www.taxpolicycenter.org/statistics/federal-receipt-a...

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Re:The K-shaped recovery by takeda on Friday September 25, 2020 @10:29PM (#24595966)
Yes that's my point, you reduce spending so you can reduce tax, not reduce tax and increase spending. There's nothing conservative about current GOP.
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Re:The K-shaped recovery by bhupy on Friday September 25, 2020 @10:44PM (#24596018)
The TCJA did not increase spending.

We’ve just been spending more on Medicare and Social Security YoY.

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