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Running massive deficits late in the business cycle isn't good. It's even worse when doing so has resulted in no improvements to the nation's infrastructure, education system, health care system, and global competitiveness. It's even worse than that when foreign
investors, not Americans, have been among the main beneficiaries of the record deficits. And it's even worse that that when one considers that the return on investment of these deficits is likely negative, that it is merely the people's money redistributed to the
ultra-wealthy, again.
Finally, who will pay these deficits and debt back? The ultra-wealthy and corporations, who pay little in taxes on a rate basis? Or us, the people?
Good job, #stevedaines.
https://www.cnbc.com/2020/01/28/us-budget-deficit-to-break-1-trillion-in-fiscal-2020-cbo-says.html … #mtpol
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