The National Debt hits $37 trillion

[Winco]

Trump in his first term increased tax revenues. Covid was the reason the debt increased. Trump is doing it now and democrats fight him every step of the way

AI Overview


Generally, economists and analysts agree that the Tax Cuts and Jobs Act (TCJA) of 2017 enacted under President Trump significantly
reduced federal tax revenues, according to the Congressional Budget Office.

• Conventional estimates from the Joint Committee on Taxation (JCT) and the Congressional Budget Office (CBO) projected a revenue loss of approximately $1.5 trillion over ten years.
• Dynamic estimates, which account for potential economic growth stemming from the tax cuts, still showed substantial revenue losses, albeit slightly smaller, roughly $1.1 trillion over a decade, according to JCT.
• The largest single factor in the decline was the reduction of the top corporate income tax rate from 35% to 21%.
• Other contributing factors included reduced individual income tax rates and a deduction for "pass-through" business income.
• Despite claims from the Trump administration that the tax cuts would "pay for themselves" through economic growth, analyses generally concluded this did not happen.

 

[Papageorgio]

Trump in his first term increased tax revenues. Covid was the reason the debt increased. Trump is doing it now and democrats fight him every step of the way

The debt grew his first three years before Covid, he increased our debt by $2.3 trillion, so we will see what happens, I hope you are right but time will tell.

 

[Hafar1014]

AI Overview


Generally, economists and analysts agree that the Tax Cuts and Jobs Act (TCJA) of 2017 enacted under President Trump significantly
reduced federal tax revenues, according to the Congressional Budget Office.

• Conventional estimates from the Joint Committee on Taxation (JCT) and the Congressional Budget Office (CBO) projected a revenue loss of approximately $1.5 trillion over ten years.
• Dynamic estimates, which account for potential economic growth stemming from the tax cuts, still showed substantial revenue losses, albeit slightly smaller, roughly $1.1 trillion over a decade, according to JCT.
• The largest single factor in the decline was the reduction of the top corporate income tax rate from 35% to 21%.
• Other contributing factors included reduced individual income tax rates and a deduction for "pass-through" business income.
• Despite claims from the Trump administration that the tax cuts would "pay for themselves" through economic growth, analyses generally concluded this did not happen.

Despite CBO’s Predictions, Trump Tax Cuts Were a Boon for America’s Economy and Working Families | The U.S. House Committee on the Budget - House Budget Committee

The Official U.S. Congressional website of The Republican Budget Committee

budget.house.gov

WASHINGTON, D.C. – House Budget Committee Chairman Jodey Arrington (R-TX) along with Ways and Means Committee Chairman Jason Smith (R-MO) issued the following statement after the Congressional Budget Office (CBO) issued their latest Long-Term Budget Outlook Under Alternative Scenarios for the Economy and the Budget, which includes CBO’s estimation of the budgetary and economic impact of making the 2017 Trump tax cuts permanent:

“While the Congressional Budget Office provides a valuable service to the Congress, its track record in predicting the economic and fiscal outcome of the 2017 Trump tax cuts is poor to say the least. It’s troubling that the CBO issued a report intended to help policymakers make decisions about future legislative initiatives without ever asking the policymakers they are trying to help for input. Without this input, the studies and analyses are less helpful in the decision-making process and give the appearance of policies being cherry picked for analysis.

The truth is, the Trump tax cuts resulted in economic growth that was a full percentage point above CBO’s forecast, and federal revenues far outpaced the agency’s predictions. In fact, under Trump tax policies in 2022, tax revenues reached a record high of nearly $5 trillion, and revenues averaged $205 billion above CBO predictions for the four years following implementation of the law.

Beyond what the Trump tax cuts did for economic growth and federal revenues, it provided major benefits to working families. The officially reported poverty level fell to its lowest rate in 50 years and unemployment rates for minorities and those without a college degree hit all-time lows. Real median household income rose by $5,000, and wages went up by nearly 5 percent. Americans earning under $100,000 saw an average tax cut of 16 percent. And while the tax burden on low-income families went down, the top one percent saw their share of federal taxes go up.

On the other hand, President Biden's promise for the expiration of the Trump tax cuts, means a family of four making $75,000 today will owe Uncle Sam an extra $1,500 in taxes. The Child Tax Credit will be slashed in half; small businesses will see their tax rates top 40 percent; and farmers may have to weigh selling the family business to pay a rising death tax. In his budget, President Biden has called for upwards of $7 trillion in new taxes. Republicans believe working families do not need the IRS taking any more out of their pockets, especially at a time when they are already paying for the nearly 20 percent increase in prices under ‘Bidenflation.’ That is why Ways and Means Republicans established tax teams that are looking to build on the success of the Trump tax cuts to keep taxes low for working families and small businesses and to produce the same sort of dynamic economy that CBO sadly failed to predict.”

Key Facts:

• In fiscal year 2022, federal tax revenues reached a record-high of $4.9 trillion– $1.6 trillion or 48 percent higher than when the Trump tax cuts were passed and $884 billion higher than CBO’s projections for 2022.
  • Corporate tax revenues reached a record-high of $425 billion – $128 billion or 43 percent higher than when the Trump tax cuts were passed and $72 billion higher than CBO’s projections for 2022.
  • Individual tax revenues reached a record-high of $2.6 trillion – over $1 trillion or 66 percent higher than when the Trump tax cuts were passed and $642 billion higher than CBO’s projections for 2022.
  • On average, revenues increased $205 billion per year over CBO’s projections.
• In the first two years after passage of the Trump tax cuts, GDP growth was a full percentage point higherthan CBO’s pre-TCJA forecast.
  • According to the White House Office of Management and Budget, every additional one percent of sustained GDP growth will result in $600 billion in new revenues over 5 years and $2.8 trillion over 10 years.
• Following passage of the Trump tax cuts…
  • Real median household income rose by $5,000 – a bigger increase in just two years than in the prior eight years combined.
  • Wages increased 4.9 percent, the fastest two-year growth in real wages in 20 years.
  • The poverty rate and unemployment rate reached their lowest levels in 50 years, with all-time lows in unemployment among African American and Hispanic workers, and those without a high-school degree.
  • The bottom 20 percent of earners saw their federal tax rate fall to its lowest level in 40 years.
  • Americans earning under $100,000 received an average tax cut of 16 percent.
  • The share of taxes paid by the Top 1% of households increased while the tax burden paid by lower income earners decreased.
• Allowing the Trump tax cuts to expires will mean higher taxes on working families and businesses, including…
  • A family of four earning $75,000 will owe an additional $1,500 in taxes.
  • A family of five with two earners making around $100,000 will owe an additional nearly $7,500 in taxes.
  • The Child Tax Credit will be slashed in half from $2,000 down to $1,000.
  • The guaranteed deduction that 90 percent of taxpayers use to simplify their tax filing will be slashed in half.
  • The 20 percent deduction that helps small businesses compete with larger corporations goes away leaving small businesses facing a 43.4 percent tax rate.
• There have been no changes to CBO’s methodology to address other miscalculations…
  • For fiscal year 2023, CBO under projected the budget deficit by $1 trillion.
  • The green tax provisions in the Inflation Reduction Act (IRA) were originally estimated to cost $400 billion through FY 2031. This has since been revised up by two-thirds, to about $660 billion through FY 2031 or $790 billion through FY 2033.

 

[Hafar1014]

The debt grew his first three years before Covid, he increased our debt by $2.3 trillion, so we will see what happens, I hope you are right but time will tell.

WASHINGTON, D.C. – House Budget Committee Chairman Jodey Arrington (R-TX) along with Ways and Means Committee Chairman Jason Smith (R-MO) issued the following statement after the Congressional Budget Office (CBO) issued their latest Long-Term Budget Outlook Under Alternative Scenarios for the Economy and the Budget, which includes CBO’s estimation of the budgetary and economic impact of making the 2017 Trump tax cuts permanent:

“While the Congressional Budget Office provides a valuable service to the Congress, its track record in predicting the economic and fiscal outcome of the 2017 Trump tax cuts is poor to say the least. It’s troubling that the CBO issued a report intended to help policymakers make decisions about future legislative initiatives without ever asking the policymakers they are trying to help for input. Without this input, the studies and analyses are less helpful in the decision-making process and give the appearance of policies being cherry picked for analysis.

The truth is, the Trump tax cuts resulted in economic growth that was a full percentage point above CBO’s forecast, and federal revenues far outpaced the agency’s predictions. In fact, under Trump tax policies in 2022, tax revenues reached a record high of nearly $5 trillion, and revenues averaged $205 billion above CBO predictions for the four years following implementation of the law.

Beyond what the Trump tax cuts did for economic growth and federal revenues, it provided major benefits to working families. The officially reported poverty level fell to its lowest rate in 50 years and unemployment rates for minorities and those without a college degree hit all-time lows. Real median household income rose by $5,000, and wages went up by nearly 5 percent. Americans earning under $100,000 saw an average tax cut of 16 percent. And while the tax burden on low-income families went down, the top one percent saw their share of federal taxes go up.

On the other hand, President Biden's promise for the expiration of the Trump tax cuts, means a family of four making $75,000 today will owe Uncle Sam an extra $1,500 in taxes. The Child Tax Credit will be slashed in half; small businesses will see their tax rates top 40 percent; and farmers may have to weigh selling the family business to pay a rising death tax. In his budget, President Biden has called for upwards of $7 trillion in new taxes. Republicans believe working families do not need the IRS taking any more out of their pockets, especially at a time when they are already paying for the nearly 20 percent increase in prices under ‘Bidenflation.’ That is why Ways and Means Republicans established tax teams that are looking to build on the success of the Trump tax cuts to keep taxes low for working families and small businesses and to produce the same sort of dynamic economy that CBO sadly failed to predict.”

Key Facts:

• In fiscal year 2022, federal tax revenues reached a record-high of $4.9 trillion– $1.6 trillion or 48 percent higher than when the Trump tax cuts were passed and $884 billion higher than CBO’s projections for 2022.
  • Corporate tax revenues reached a record-high of $425 billion – $128 billion or 43 percent higher than when the Trump tax cuts were passed and $72 billion higher than CBO’s projections for 2022.
  • Individual tax revenues reached a record-high of $2.6 trillion – over $1 trillion or 66 percent higher than when the Trump tax cuts were passed and $642 billion higher than CBO’s projections for 2022.
  • On average, revenues increased $205 billion per year over CBO’s projections.
• In the first two years after passage of the Trump tax cuts, GDP growth was a full percentage point higherthan CBO’s pre-TCJA forecast.
  • According to the White House Office of Management and Budget, every additional one percent of sustained GDP growth will result in $600 billion in new revenues over 5 years and $2.8 trillion over 10 years.
• Following passage of the Trump tax cuts…
  • Real median household income rose by $5,000 – a bigger increase in just two years than in the prior eight years combined.
  • Wages increased 4.9 percent, the fastest two-year growth in real wages in 20 years.
  • The poverty rate and unemployment rate reached their lowest levels in 50 years, with all-time lows in unemployment among African American and Hispanic workers, and those without a high-school degree.
  • The bottom 20 percent of earners saw their federal tax rate fall to its lowest level in 40 years.
  • Americans earning under $100,000 received an average tax cut of 16 percent.
  • The share of taxes paid by the Top 1% of households increased while the tax burden paid by lower income earners decreased.
• Allowing the Trump tax cuts to expires will mean higher taxes on working families and businesses, including…
  • A family of four earning $75,000 will owe an additional $1,500 in taxes.
  • A family of five with two earners making around $100,000 will owe an additional nearly $7,500 in taxes.
  • The Child Tax Credit will be slashed in half from $2,000 down to $1,000.
  • The guaranteed deduction that 90 percent of taxpayers use to simplify their tax filing will be slashed in half.
  • The 20 percent deduction that helps small businesses compete with larger corporations goes away leaving small businesses facing a 43.4 percent tax rate.
• There have been no changes to CBO’s methodology to address other miscalculations…
  • For fiscal year 2023, CBO under projected the budget deficit by $1 trillion.
  • The green tax provisions in the Inflation Reduction Act (IRA) were originally estimated to cost $400 billion through FY 2031. This has since been revised up by two-thirds, to about $660 billion through FY 2031 or $790 billion through FY 2033.

 

[Mashmont]

How many All-Time Highs for the DOW occurred under Biden?

Did you celebrate those days too?

Not really, because money-printing was the reason for those phony numbers under AWOL Biden. Inflation negated all of it anyway. With the great Trump, inflation is down, and you know the numbers are real.

 

[Mashmont]

No he didn’t, he could have done without the tax cuts, he could have cut spending and picked up two votes. He got everything he wanted. He is a liberal spender, adding $3 trillion to the debt proves it, Biden had only $2.4 trillion and you said that was bad, I’m not seeing your logic or how spending more is fiscally conservative.

No, Murkowski and Collins forced him to do more than he wanted. Hawley was giving him problems on Medicaid. Trump did the best he could and again far more than any recent president before him. When you complain about tax cuts, it means you are not a conservative. That money never belonged to the government.

 

[Mashmont]

• The national debt rose by almost $7.8 trillion during Trump's time in office.

so you think he shouldn't have signed the $2T CARES Act sponsored by Democrats?

 

[Papageorgio]

WASHINGTON, D.C. – House Budget Committee Chairman Jodey Arrington (R-TX) along with Ways and Means Committee Chairman Jason Smith (R-MO) issued the following statement after the Congressional Budget Office (CBO) issued their latest Long-Term Budget Outlook Under Alternative Scenarios for the Economy and the Budget, which includes CBO’s estimation of the budgetary and economic impact of making the 2017 Trump tax cuts permanent:

“While the Congressional Budget Office provides a valuable service to the Congress, its track record in predicting the economic and fiscal outcome of the 2017 Trump tax cuts is poor to say the least. It’s troubling that the CBO issued a report intended to help policymakers make decisions about future legislative initiatives without ever asking the policymakers they are trying to help for input. Without this input, the studies and analyses are less helpful in the decision-making process and give the appearance of policies being cherry picked for analysis.

The truth is, the Trump tax cuts resulted in economic growth that was a full percentage point above CBO’s forecast, and federal revenues far outpaced the agency’s predictions. In fact, under Trump tax policies in 2022, tax revenues reached a record high of nearly $5 trillion, and revenues averaged $205 billion above CBO predictions for the four years following implementation of the law.

Beyond what the Trump tax cuts did for economic growth and federal revenues, it provided major benefits to working families. The officially reported poverty level fell to its lowest rate in 50 years and unemployment rates for minorities and those without a college degree hit all-time lows. Real median household income rose by $5,000, and wages went up by nearly 5 percent. Americans earning under $100,000 saw an average tax cut of 16 percent. And while the tax burden on low-income families went down, the top one percent saw their share of federal taxes go up.

On the other hand, President Biden's promise for the expiration of the Trump tax cuts, means a family of four making $75,000 today will owe Uncle Sam an extra $1,500 in taxes. The Child Tax Credit will be slashed in half; small businesses will see their tax rates top 40 percent; and farmers may have to weigh selling the family business to pay a rising death tax. In his budget, President Biden has called for upwards of $7 trillion in new taxes. Republicans believe working families do not need the IRS taking any more out of their pockets, especially at a time when they are already paying for the nearly 20 percent increase in prices under ‘Bidenflation.’ That is why Ways and Means Republicans established tax teams that are looking to build on the success of the Trump tax cuts to keep taxes low for working families and small businesses and to produce the same sort of dynamic economy that CBO sadly failed to predict.”

Key Facts:

• In fiscal year 2022, federal tax revenues reached a record-high of $4.9 trillion– $1.6 trillion or 48 percent higher than when the Trump tax cuts were passed and $884 billion higher than CBO’s projections for 2022.
  • Corporate tax revenues reached a record-high of $425 billion – $128 billion or 43 percent higher than when the Trump tax cuts were passed and $72 billion higher than CBO’s projections for 2022.
  • Individual tax revenues reached a record-high of $2.6 trillion – over $1 trillion or 66 percent higher than when the Trump tax cuts were passed and $642 billion higher than CBO’s projections for 2022.
  • On average, revenues increased $205 billion per year over CBO’s projections.
• In the first two years after passage of the Trump tax cuts, GDP growth was a full percentage point higherthan CBO’s pre-TCJA forecast.
  • According to the White House Office of Management and Budget, every additional one percent of sustained GDP growth will result in $600 billion in new revenues over 5 years and $2.8 trillion over 10 years.
• Following passage of the Trump tax cuts…
  • Real median household income rose by $5,000 – a bigger increase in just two years than in the prior eight years combined.
  • Wages increased 4.9 percent, the fastest two-year growth in real wages in 20 years.
  • The poverty rate and unemployment rate reached their lowest levels in 50 years, with all-time lows in unemployment among African American and Hispanic workers, and those without a high-school degree.
  • The bottom 20 percent of earners saw their federal tax rate fall to its lowest level in 40 years.
  • Americans earning under $100,000 received an average tax cut of 16 percent.
  • The share of taxes paid by the Top 1% of households increased while the tax burden paid by lower income earners decreased.
• Allowing the Trump tax cuts to expires will mean higher taxes on working families and businesses, including…
  • A family of four earning $75,000 will owe an additional $1,500 in taxes.
  • A family of five with two earners making around $100,000 will owe an additional nearly $7,500 in taxes.
  • The Child Tax Credit will be slashed in half from $2,000 down to $1,000.
  • The guaranteed deduction that 90 percent of taxpayers use to simplify their tax filing will be slashed in half.
  • The 20 percent deduction that helps small businesses compete with larger corporations goes away leaving small businesses facing a 43.4 percent tax rate.
• There have been no changes to CBO’s methodology to address other miscalculations…
  • For fiscal year 2023, CBO under projected the budget deficit by $1 trillion.
  • The green tax provisions in the Inflation Reduction Act (IRA) were originally estimated to cost $400 billion through FY 2031. This has since been revised up by two-thirds, to about $660 billion through FY 2031 or $790 billion through FY 2033.

Again, the proof is the bottom line, he added over $2 trillion debt in the years before Covid. You can link article after article but unless debt is reduced, there is nothing.

 

[Hafar1014]

Again, the proof is the bottom line, he added over $2 trillion debt in the years before Covid. You can link article after article but unless debt is reduced, there is nothing.

That wasnt the point I made. Tax cuts increase taxes collected. Spending causes the deficit and national debt. Trump is now cutting spending and democrats oppose that.
Tariffs will bring in 1 grillion a year. The deficit is 1.6 trillion. That gets paid off. Then we pay down the national debt as democrats fight the cuts with lawsuits and lies. So which party is the problem

 

[Papageorgio]

No, Murkowski and Collins forced him to do more than he wanted. Hawley was giving him problems on Medicaid. Trump did the best he could and again far more than any recent president before him. When you complain about tax cuts, it means you are not a conservative. That money never belonged to the government.

He could have reduced tax cuts and gotten Paul to sign on, I am a traditional fiscal conservative, not today’s pretend fiscal conservative.

If we want to reduce debt, the best way is to cut spending, but to cut taxes as well is counterintuitive, it makes it twice as hard without making even deeper cuts, we are $37 trillion in debt, and the bill just passed is projected to add more, without the tax cuts, we could actually cut debt instead of adding. If we are going through the pain of cutting spending, what is the point of cutting taxes?

Gingrich put America on the right track in the 90’s, he cut spending, and dint cut taxes and the deficit shrank, but what we are doing today is not fiscally healthy.

 

[leftwinger]

The FED handicaps Trump with high rates but gives Obiden zero rates. High rates kill housing sales AND raises interest costs on debt raising GOVT spending/debt.

 

[Mashmont]

He could have reduced tax cuts and gotten Paul to sign on, I am a traditional fiscal conservative, not today’s pretend fiscal conservative.

If we want to reduce debt, the best way is to cut spending, but to cut taxes as well is counterintuitive, it makes it twice as hard without making even deeper cuts, we are $37 trillion in debt, and the bill just passed is projected to add more, without the tax cuts, we could actually cut debt instead of adding. If we are going through the pain of cutting spending, what is the point of cutting taxes?

Gingrich put America on the right track in the 90’s, he cut spending, and dint cut taxes and the deficit shrank, but what we are doing today is not fiscally healthy.

Gingrich absolutely cut taxes in the 1990s. The idea of raising taxes to pay for too much spending is nonsense. That's leftwing stuff. 0bviously you would want to cut spending to the bone, but in today's political climate, that is not yet possible. You cut taxes first, then do your best with spending. Revenues roll in with tax cuts. The economy is spurred on. Trump has introduced cutting taxes on heretofore forbidden entitlements. That was the first step. Once he proves it works, he'll do it some more.

If you doubt Trump is the most conservative president in 100 years, tell me who was more conservative. There wasn't one.

 

[Mashmont]

It amazes me that throughout history, the conservatives despised TAXES and big Government, but NOW that trump says that Tariffs are a money raiser for the Government, they NOW all at once support this HUGE TAX on the American Consumer.

It make no sense.

Foreign countries pay the tax. Even if prices of foreign goods rise, this is a consumption tax at most. Income is taxed less. It encourages saving. That's what we need more of in America. Trump understands that. Controlling personal spending is the quickest way out of poverty. As always, this great man is five steps ahead of everyone else.

 

[Papageorgio]

Gingrich absolutely cut taxes in the 1990s. The idea of raising taxes to pay for too much spending is nonsense. That's leftwing stuff. 0bviously you would want to cut spending to the bone, but in today's political climate, that is not yet possible. You cut taxes first, then do your best with spending. Revenues roll in with tax cuts. The economy is spurred on. Trump has introduced cutting taxes on heretofore forbidden entitlements. That was the first step. Once he proves it works, he'll do it some more.

If you doubt Trump is the most conservative president in 100 years, tell me who was more conservative. There wasn't one.

Coolidge by far was the most conservative, Reagan, Eisenhower, Taft, Harding.

Gingrich tax cuts were $95 billion, Trumps are $4.6 trillion. Gingrich’s plan gave a tax credit for children, and it also included a planned budget requirement and was accompanied by huge spending cuts, that is how it reduced the deficit, Trump reduces nothing but increases spending.

 

[Mashmont]

Coolidge by far was the most conservative, Reagan, Eisenhower, Taft, Harding.

Gingrich tax cuts were $95 billion, Trumps are $4.6 trillion. Gingrich’s plan gave a tax credit for children, and it also included a planned budget requirement and was accompanied by huge spending cuts, that is how it reduced the deficit, Trump reduces nothing but increases spending.

Coolidge, Taft, and Harding were 100 or more years ago. Trump governed more conservatively than than Reagan or Ike

 

[Papageorgio]

Coolidge, Taft, and Harding were 100 or more years ago. Trump governed more conservatively than than Reagan or Ike

Coolidge left office in 1929, there is also Eisenhower and Reagan, Trump is not a fiscal conservative, at all. Adding $2.4 trillion to the debt his first term, before Covid even started, and now another $3 trillion, he is now at $5.4 trillion not including Covid. That is not conservative and why is his $3 trillion in spending okay but Biden’s $2.4 trillion bad?

I am not 7nderstanding how raising debt is conservative.

 

[Mashmont]

Coolidge left office in 1929, there is also Eisenhower and Reagan, Trump is not a fiscal conservative, at all. Adding $2.4 trillion to the debt his first term, before Covid even started, and now another $3 trillion, he is now at $5.4 trillion not including Covid. That is not conservative and why is his $3 trillion in spending okay but Biden’s $2.4 trillion bad?

I am not 7nderstanding how raising debt is conservative.

You're repeating stuff I've already addressed, so our continuing is pointless You are pro-tax hikes. That is not a conservative position.

 

[Papageorgio]

You're repeating stuff I've already addressed. You are pro-tax hikes. That is not a conservative position. There is no point in our continuing.

It is a traditional conservative position, you just don’t want to admit it. You are asking the same crap over and over.

At the end of Trump’s term we have reduced the national debt, I will happily vote for whoever he endorses for the next election. I don’t see it happening and you have no facts to back up your theory, I have a hundred plus years of showing it doesn’t work.

 

[Mashmont]

It is a traditional conservative position, you just don’t want to admit it. You are asking the same crap over and over.

At the end of Trump’s term we have reduced the national debt, I will happily vote for whoever he endorses for the next election. I don’t see it happening and you have no facts to back up your theory, I have a hundred plus years of showing it doesn’t work.

Trump is the ablest conservative option we have right now. You should be praising him instead of ripping him. Tax hikes do not create prosperity and never have. I have 110 years of history on my side.

 

[initforme]

Gingrich absolutely cut taxes in the 1990s. The idea of raising taxes to pay for too much spending is nonsense. That's leftwing stuff. 0bviously you would want to cut spending to the bone, but in today's political climate, that is not yet possible. You cut taxes first, then do your best with spending. Revenues roll in with tax cuts. The economy is spurred on. Trump has introduced cutting taxes on heretofore forbidden entitlements. That was the first step. Once he proves it works, he'll do it some more.

If you doubt Trump is the most conservative president in 100 years, tell me who was more conservative. There wasn't one.

The debt matters not. It never has. The tax cuts are good, although the middle class cuts could have been bigger. But, it is what it is. With the extra $ in tariffs, put that all into medicare and social security.