“By deepening the national debt at a time when the economy doesn’t need help, the tax overhaul threatens to leave Congress with less wiggle room to respond when recovery from the Great Recession eventually dies.
Normally, presidents ask Congress to borrow vast sums of money to pay for tax cuts when the economy needs to be rescued from trouble. But President Trump is on the verge of enacting a $1.5 trillion tax plan with an economy enjoying its best growth in three years. “
See Tax cuts could make it harder to fight the next recession
Bible (Genesis chapter 41 verses 34-36): “Let Pharaoh do this, and let him appoint officers over the land, and take up the fifth part of the land of Egypt in the seven plenteous years.
And let them gather all the food of those good years that come, and lay up corn under the hand of Pharaoh, and let them keep food in the cities.
And that food shall be for store to the land against the seven years of famine, which shall be in the land of Egypt; that the land perish not through the famine.”
We know what happened when Pharaoh took the Lord’s advice and put away resources in the good years. What will happen when Trump ignores that and cuts taxes for the rich in the good years and has nothing but wailing and gnashing of teeth for the poor in the bad years, eh?
Trump is always bragging about how the economy is rebounding (Obama’s work) and completely ignores history and the possibility of another downturn. The GOP and all of Trump’s sycophants will reap what they sow, bitter tears and a burgeoning national debt to be repaid by our grandchildren. Pity the poor folk who will not survive.
There is a solution, however. Get rid of Trump. Impeach him. Vote out the GOP. Restore sanity to government in USA. Make the Senate once again the chamber for sober second thought instead of the charge of the lemmings.