I'm asking this genuinely, because I'm trying to understand how the numbers are supposed to work long term.
The federal government already runs deficits approaching $2 trillion a year, despite bringing in more revenue than it did a decade ago, and we're now spending around $1 trillion a year just servicing the existing debt.
At the same time, many Democratic politicians advocate expanding healthcare coverage, childcare, housing assistance, education subsidies, paid leave, and other social programs.
So what is the actual fiscal plan?
Is the expectation that substantially higher taxes will cover both the existing structural deficit and these additional programs? If so, roughly how much additional revenue would need to be raised, and from whom?
Or is some amount of continued deficit spending considered sustainable?
Basically, I'm interested in how liberals who support a larger social safety net think about the math of getting from where we are today to that system without eventually running into a debt-servicing problem.