Follow up: is it realistically achievable ever again, and should it even be a goal to be concerned with?
In: Economics
Vote for Democrats… seriously
For all their complaining about needing to balance the budget, deficits, and slashing government spending the Republicans historically are actually responsible for the majority of the current government debt. Republicans slash taxes and run horrible deficits while increasing government spending rather than cutting it significantly as they promise.
The biggest drivers for raising the debt in the past several decades are lowering taxes and wars which the Republicans have been responsible for a lot of.
The War on Terror was mostly financed with debt.
While the *Trickle Down Economics* started by Reagan and continued by the Republican party is complete BS that’s been proven to not work. All it does is give rich people more money at the expense of everyone else, and the worst part is they know it and keep pitching it as a solution anyway.
If you want a balanced budget in government and less government debt, tax the rich and corporations more, remove tax loopholes, prevent them from offshoring profits, curb defense spending, and stop bombing other countries.
You also have to raise the minimum wage, which increases overall tax revenue and lowers dependence on social programs like food stamps. The biggest consumer of social welfare dollars is actually Walmart, Amazon, and the like who take advantage of poverty level wages and don’t pay benefits.
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