alt Hacker NewsI'm all for raising taxes is on the rich but the government is extremely fiscally irresponsible.
The current interest on our national debt is greater than our military spending.
So if you increase taxes some people think it would just be throwing it into the money fire of Washington.
There needs to be a lot of changes in D.C.: term limits in congress, citizens united needs to be repealed, erc etc
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> The current interest on our national debt is greater than our military spending.
For quite some time, my mortgage interest was larger than my principal.
That didn’t make it fiscally irresponsible.
When Trump did the whole tax cut thing in 2017, it massively blew up the national debt. This is because the rich got massive tax cuts.
The government is fiscally irresponsible by design, because the government is ran by the plutocrats with all the incentives to give themselves more money at the cost of everyone else.
The government is fiscally irresponsible fundamentally because the rich have successfully lobbied to prevent taxes from being collectible in sufficient quantity to balance the budget. Once you're at the point where the gap cannot politically be closed - "responsible" budgeting is just an exercise in posturing and lobbying exercises.