alt Hacker NewsDon't worry, with Democrats coming into office they'll reduce the deficit. All while Republicans shout and scream about the deficit being an emergency. Then Republicans will get back into power, enact massive tax cuts and balloon the deficit again.
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bijowo1676 • today at 4:50 PM
This is how the uniparty works:
1. Republicans get elected. Pass bills that cut taxes for businesses and ultra high net worth individuals. Maybe toss some crumbs to people.
2. Democrats get elected, notice budget deficit from previous cuts. Propose increasing taxes on W2 working class, including white collar. Businesses and UHNW people continue with their tax breaks and schemes.
3. Back to p.1
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Not to turn this too much into a political argument, but a lot of the things that have been discussed as the Democrat’s platform has been things that tend to increase government spending rather than reduce it, such as:
- Paid medical insurance for all
- Free child care
- Regulatory oversight which requires funding and committees etc
- Affordable housing (there are ways to solve this with gov spending and without, but likely we’ll need some form of gov incentives/spending)
I’m not commenting on the validity of these things individually, just that I don’t believe the Democrats since Clinton era have tried to reduce spending
Honestly I think it’s a fundamental hurdle with our political system. Charlie M’s quote of “show me the incentives and I’ll show you the outcome.”