- They create a drag on the economy by siphoning off investment capital that would otherwise be used to start, grow, and expand businesses.
- They create a drain on future budgets by adding the expense of bond payoff plus interest.
- They empower the Democrat Party by providing a means to offer everything without actually having to pay for it.
- They raise interest rates for consumers who now have to compete with government for loan dollars
- And with our current policy of monetizing the debt, every American is faced with a new tax (i.e. inflation) that was never passed by Congress, yet steals the value out of every dollar you earn.
Really good post, but the one thing that I see as a weak point is the first point. New start ups are up and existing business appears to be expanding. We could argue that the economy should be doing better after "We enacted the biggest tax cuts and reforms in American history," but all the polls indicate American's think the economy is doing great and all the polls give President Trump more credit than Obama for it. Sometimes even a majority.
Even though the economy is doing well the polls all indicate people don't like, and don't trust President Trump. A sizable majority says we are on the wrong path despite agreement that the economy, if not perfect, at least is better than under the Kenyan. Since many people and businesses are benefiting from the tax cuts and Trump's increasingly quantifiable reduction of Obama enacted government regulation, I think arguing the economy is counter productive.
In 1996 the GOP bet against the economy and lost. TOS compiled a list of 500 unexplained White House linked homicides and accidental deaths. The rapist covered up the murders of Randy Weaver's son and dog, and AG Reno burned Christian children. But in 1996 I knew war hero Bob Dole was a joke to my lessors and the rapist would come back for another spit on the Constitution.
We can't win as the debt panic freaks. We have to figure out why a complete scumbag, with a lot of bad ideas, a bad memory, and limited speaking skills is so hated by so many voters, so we can prepare for his impeachment in a logical manner and plan for it.