Re:People are worried about America's solvency
by stetrain on Monday August 17, 2026 @11:46AM
(#49332913)
And when Republicans were in power they cut taxes and spent $2T on a war in Iraq.
Cutting taxes without cutting spending raises the deficit and seems to be the GOP's most common fiscal policy.
Re:People are worried about America's solvency
by preg_match on Monday August 17, 2026 @04:45PM
(#49337385)
The GOP is basically universally bad at fiscal policy. They spend big, mostly on warmongering and industry. Not developing industry, no no, siphoning government funds to the private sector, where I assume they have many friends.
They increase the deficit because they increase spending and then "cut" taxes. Often they don't effectively "cut" taxes for you and me: the tax burden for many Americans is raised, except for a select few who get tax cuts.
This was happening well before Trump, into Reagan. The only reason this works at all is because they get to say "oh we cut taxes!". But tax burden is very complicated, and nobody is analyzing that for the common voter.
That explains a large part of why democrats were able to lower the debt - the republicans in congress wouldn't go along with efforts to raise the debt.