Wanna show everyone how poorly you understand economics? Repost this image someone thought made an awesome point. Cuz it doesnt. It makes no point, unless the joke is a satire on people who dont know what “tax cuts” are. Hint: it doesn’t mean the government gives you money (thus contributing to a government debt). It means that the government forces you to give it less of YOUR money.
Jon Stewart is funny but terrible at factual political commentary (or math. whichever). its not possible to have a debt of 5 cents from tax cuts, let alone trillions. debts are accrued by SPENDING. this image is like saying the reason im in debt for the Lamborghini and waterslide for my pool i bought 3 years ago is because my sugar daddy decreased my monthly allowance by 5%…11 years ago. that would be a laughably stupid claim to make, as is the one made in this image. total fail.
Conceivably its possible to increase debt by not bringing in enough money to pay down debt-interest & penalties I guess but even if that were applicable to the National Debt, it wouldnt change the fact that there is a steady and massive revenue source continuing to flow that can more than handle it. the problem is not lack of funds – the problem is spending funds that arent there, thus going into debt and then blaming the citizens because they got to keep more of the money they earned instead of being forced to fund unnecessary new power grabs by an ever expanding bloated bureaucracy that has too much control over us to begin with.
?”A decrease in the quantity of legislation generally means an increase in the quality of life.” -George Will