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by leepowers 3503 days ago
> but how are we realistically going to pay down the national debt when we enact a massive tax cut on top of a tax rate that is already at historically low levels?

Here's a hint: we're not going to pay down the debt anytime soon. I would expect the debt to increase by $8-$12 trillion over the next decade if Trump gets all the tax cuts and programs in his agenda.

The electorate hates taxes. At the same time it loves government spending. There is no political will to cut spending in any meaningful way. The last Republican vice president declared that "Reagan proved that deficits don't matter" - a line that Trump has echoed.