In terms of spending and revenues, it makes a difference what the spending is for. If you spend for wild drunken parties (like a pole-dancing Trump) the money is just gone. If you INVEST in resources that create the basis for future economic growth, like investing in a carefully-planned business opportunity, sure, you may go into debt to get things off the ground, but in the long run the investment funds greater future revenues and pays off — it creates the basis for prosperity.
Under Trump, the Republicans blew holes in the deficit, NOT TO INVEST IN INFRASTRUCTURE or economic growth, but to simply give massive corporate welfare and tax giveaways to the few richest elites who already had the most. Of course, as they have done since the 1920’s, they promised it would “trickle down” to the rest of us, but like all the other economic failures of Republican administrations, it was all a lie. “Trickle down” is an economic fraud — an eCONomic con game.
In contrast, Biden and the Democrats are proposing spending to INVEST in our nation’s physical and social infrastructure, to create the basis for a prosperous economy for all, one that “bubbles up” and stimulates the consumer demand that drives the need for more production (thus more employment) and broad-based prosperity.
Trump followed the Reagan/Bush/Bush play book, enriched Wall $treet, impoverished Main Street and blew up the deficits and debts to new stratospheric levels. Trump even said “I love debt” and called himself the “King of Debt,” so his exploding of the debt should come as no surprise.
Conservatives have a lot of nerve trying to lecture PROgressives on fiscal responsibility.
In terms of spending and revenues, it makes a difference what the spending is for. If you spend for wild drunken parties (like a pole-dancing Trump) the money is just gone. If you INVEST in resources that create the basis for future economic growth, like investing in a carefully-planned business opportunity, sure, you may go into debt to get things off the ground, but in the long run the investment funds greater future revenues and pays off — it creates the basis for prosperity.
Under Trump, the Republicans blew holes in the deficit, NOT TO INVEST IN INFRASTRUCTURE or economic growth, but to simply give massive corporate welfare and tax giveaways to the few richest elites who already had the most. Of course, as they have done since the 1920’s, they promised it would “trickle down” to the rest of us, but like all the other economic failures of Republican administrations, it was all a lie. “Trickle down” is an economic fraud — an eCONomic con game.
In contrast, Biden and the Democrats are proposing spending to INVEST in our nation’s physical and social infrastructure, to create the basis for a prosperous economy for all, one that “bubbles up” and stimulates the consumer demand that drives the need for more production (thus more employment) and broad-based prosperity.
Trump followed the Reagan/Bush/Bush play book, enriched Wall $treet, impoverished Main Street and blew up the deficits and debts to new stratospheric levels. Trump even said “I love debt” and called himself the “King of Debt,” so his exploding of the debt should come as no surprise.
Conservatives have a lot of nerve trying to lecture PROgressives on fiscal responsibility.