It's not funny though.....
When the wheels fall off of the Supply Side tax plan that Trump just signed and the bill comes due it ain't gonna be pretty.
Quick everyone!!! The Republicans just managed to get a several trillion dollar loan from our kids and grand kids!!
The time is ripe to get yer Monkey paw$ on $ome!
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To put it into perspective though, and everything else stays even, the tax bill is estimated to cost something over $1 trillion over 10 years? Or a little over $100 billion per year over 10 years.
On President Obama's first day in office, the national debt was $10.626 trillion. On his last day in office, the national debt was more than $19,944 trillion. In other words, the Obama administration, without any tax cuts, added well over $1 trillion per YEAR to the national debt.
President Trump got maybe 1/4th of what he wanted in that tax bill. And I am quite sure, if he is given any chance at all and he continues to be successful in shaking up the status quo in Washington, we can hope that there is much more reform to come. On the other hand, what massive legislation ever stays the same over time? If problems develop, all Congress has to do is pass another bill that changes this one.
But how about we give it a chance to see what it will do for us first?