I think a good answer for "How will you pay for your agenda?" is "We're a very rich country. We'll figure it out."
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After 9/11 we found literally trillions of dollars for war, massive increases in domestic security (an entirely new agency!), and a Medicare drug benefit. No one spelled out "how to pay for it" ahead of time and yet somehow it got paid for.
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We’re a rich country is right, but debt financing has its limits. When Bush cut taxes, debt was 34% of GDP. When Trump cut taxes it was 77%. Now with Trump’s trillion dollar deficits, debt is outpacing growth and will exceed GDP. Our pockets are getting empty. @FixtheDebt
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Right. I think large sustainted increases in social programs will need revenue, but I think people are very fuzzy about what's wrong w debt. Even the debt as % of GDP isn't as relevant as the servicing, which is growing, though remains dealwithable.
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Dealwithable? Maybe. Desirable, definitely not. Interest is already the fastest growing part of the budget; we are borrowing an awful lot from overseas; and it leaves us very vulnerable if interest rates go up.
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So, as part of the blue wave, dems are going to rescind the tax cuts for the rich, right Democrats?
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