Monday, July 22, 2019

Exactly what we don't want


This is interesting news, considering that Trump just agreed with Congress to do a lot of spending over the next two years -- so nobody should get complacent until the booby is voted out of office.

Now, I am an advocate of fiscal restraint, and that means entitlement reform.  But anybody who talks that kind of sense won't get voted for.  That's why Biden might be the best bet -- he could be a one-term President with a good solid VP who could run in the next election, and without having to worry about re-election, he could make the hard choices no one else is willing to make.

Trump tells aides to look for big spending cuts in his second term [perish the thought], seeding confusion about budget priorities
"Particularly troubling to budget experts is the steep drop in taxes paid by businesses under the law, which lowered the corporate tax rate from 35 percent to 21 percent. The year before the tax law, the United States collected about $285 billion from corporate taxes — a number that dropped by more than 30 percent last year, according to the Bipartisan Policy Center, a nonpartisan organization."

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