“In their blind loyalty to their mega-donors, Republicans’ fixation on giant tax cuts for billionaires has created a revenue problem that is driving up our national debt,” said Sen. Sheldon Whitehouse in response to new Treasury Department figures.
In 2021, the US collected the most tax revenue in 44 years. Anyone consider spending may be a problem?
2021 was the year where the second most people lived in the US, only to be succeed the the next year. 2022. 2023 has yet to be determined. 2021 was also the year with the second highest US GDP only to be success by the next year, 2022. 2023 has not concluded, so no official numbers can be given.
Facts are fun. I can keep going if you would like.Considered? Yes. Found to be? No, clearly we aren’t spending enough, especially in the areas of education, healthcare, and housing. Tax enforcement, antitrust, corporate fraud, bribery, and anti-regulatory capture come in close seconds.
Spending more is the solution? Baltimore spends more per student than almost any other school district in the US, yet their kids are performing dismally:
What was the ratio of taxes collected to the proportion of spending?
Somehow i bet we used to collect way, way more taxes as a ratio to spending than we do now, no matter the “largest number” ever because time goes on and inflation exists.
This is like saying Chicago is the most dangerous city in the US because it has the most total murders, when by per capita, it doesnt even make the top ten lists. 8 of 10 of those cities are in red states, where you are more likely to be murdered because more people die per amount of people in the city.
Just to make my last point, you know the last president that reduced the deficit? Obama. Before him? Clinton, who even had a surplus. You know what each of them did? Eliminate obscene tax cuts. It clearly works.
