They knew - or, at least, the staffers who fed them their talking points knew - that neither of their claims was true. They claimed either that the tax cuts would be so economically stimulative they’d pay for themselves in future revenue gains, or that the resulting deficits could be managed simply by cutting out waste, fraud, abuse, and bureaucracy. They know - or, at least, the staffers who feed them their talking points know - that neither of their claims is true.īack when Republicans held their own congressional majorities, they ran up massive deficits, too, in part by enacting tax cuts without offsetting budget savings. They claim either that tax hikes on the wealthy can pay for it, or that adding trillions more to the federal debt will have no significant downsides. Democrats, fully cognizant of how tenuously they control Congress, are trying to shove through trillions of dollars in new federal spending before the 2022 election cycle begins. To be more specific, they don’t really mean what they say about debt and deficits. RALEIGH - Can I let you in on a not-so-little secret? The Democrats in Washington don’t really mean it.
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January 2023
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