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Name:
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GoneFishin
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Subject:
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Out Of Control......MM
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Date:
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2/13/2019 9:07:21 PM
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But, the Right is for fiscal conservatism. Ryan was the policy man for balancing the budget with elaborate plans and had control of the House and they passed a reduction of taxes without the necessry offset of expenditures.
Obama was funding the recovery from Bush and paying off the debt from the wars. The country expected the Right would change things. They haven't and your defense is weak. Only idiots would not incorporate a projected increase in interest rates when reducing taxes. To calculate future deficits with interest rates so low one must project an increase in interest rates going forward.
I was quiet during the Obama years and you did a good job reminding us.
Now, tell why the Right did not project an increase in interest rates? Remember, the reduction was to get the economy to grow. Growth brings higher rates. The blame is not higher intrerent expense...the blame is incompetance from Treasury and the Budget team. The leader of the Treasury and Trump's Chief of Staff share the blame.
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