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bryanlarsen • today at 4:52 PM • 2 replies • view on HN

The Democratic plan to fix the deficit is clear and practical. Tax the rich and stop the war.


Replies

missedthecue • today at 6:01 PM

Entitlements and interest expense are more than 100% of revenue in 2026. That's the before the military, foreign aid, the courts, NASA, and anything beginning with "Department of". The deficit is structural, and while "tax the rich" is easy politics, I don't think you'll find $2T there.

In my opinion the following graph should be mandatory viewing before any discussion on major tax policy changes in the US.

https://i.imgur.com/5VKtAIo.jpeg

nickff • today at 6:03 PM

That isn’t enough; there would have to be cuts to social security & medicare. The rich don’t have enough money to cover the federal government’s obligations.