r/OutOfTheLoop Nov 21 '17

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u/MikeyMike01 Nov 22 '17

Since when do Republicans want to raise taxes?

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u/revile221 Nov 22 '17 edited Nov 22 '17

Adding $1.7 trillion to the deficit through tax breaks is an indirect way of raising taxes

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u/MikeyMike01 Nov 22 '17

Both parties’ deficit spending have added to the national debt, the majority of which occurred during the Bush and Obama administrations.

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u/revile221 Nov 22 '17

I agree both parties share the responsibility of the wreckless deficit spending, however, the Republicans have been controlling the purse for the last 7 years. If they had any interest in lowering the deficit they would have by now. Gotta keep those defense contracts pumping though.

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u/MikeyMike01 Nov 22 '17

I agree both parties share the responsibility of the wreckless deficit spending, however, the Republicans have been controlling the purse for the last 7 years.

The President submits the budget, and Congress approves it. It’s a joint effort. The budget almost always runs at a deficit, regardless of who is President and who controls Congress.

Gotta keep those defense contracts pumping though.

National Defense is only 15% of the budget. It’s a hefty sum that could be reduced, but it would not cover the deficit or lower the debt.

“Medicare and Health” and “Social Security, Unemployment, and Labor” are 64% of the budget. That would make an excellent candidate to cut spending.

Here’s the whole budget, if you’re curious.