Demmies have moaned and groaned about $1 to $1.5 trillion added to the national debt, supposedly from the Republican proposed tax laws.
What about the other $10 trillion in the next 10 years?
"After seven years of fitful declines, the federal budget deficit is projected to swell again, adding nearly $10 trillion to the federal debt over the next 10 years, according to projections from the nonpartisan Congressional Budget Office. The numbers reveal the strain that government debt could have on the economy as President Trump presses to slash taxes and ramp up spending."
Growing the economy and adding to tax revenue is the only feasible way out. The Austrian and Chicago schools of economics argue that the limits for income tax is between 25 and 30 percent, respectively, before revenue declines. Per Obama's OMB, in constant 2005, dollars, the Bush tax cut resulted in $4.6 trillion more in revenue, than the previous 8 years under Clinton. The Reagan tax cuts yielded $2.94 trillion more in revenue, than the previous 8 years. The tax cuts requested by JFK, but passed by LBJ in 1964 yielded $522.2 billion more than the preceding 4 years. JFK said a rising tide raises all boats. JFK, the last decent Democrat president, couldn't be elected in today's extreme left wing party.