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brucebill

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brucebill

Re: Mojocash post# 22450

Wednesday, 06/26/2024 12:16:22 PM

Wednesday, June 26, 2024 12:16:22 PM

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When Trump passed those tax cuts the government lost a big chunk of their revenue.Year over year the GDP and the Debt were growing together at the same rate.The Debt should not be larger than the GDP if you want to have a healthy economy.As soon as the Trump tax cuts took effect the government needed to borrow more making the debt higher than GDP. Now the debt is 120% of GDP and the spread is growing and will continue to grow until those tax cuts are repealed.
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