Blurryeyed wrote:
No kidding, the debt grew under Clinton, Bush, Obama, Trump, and Biden.... So what is your point? BTW, last year tax receipts were the highest ratio to GDP as they have been in over 20 years, so your argument falls a bit flat. There is also the fact that Biden's deficit spending will exceed Trump's if it is not curtailed, again, what is your point?
Mratios evaluate on TWO variables. Numerators and denominators. As such, there are at least two ways to change said ratio’s evaluation. To brag that last year’s ratio of tax revenue to GDP is high actually slams Biden policy regardless of the origin of the ‘high’ ratio. There are three ways to have that ratio higher. 1) Higher taxes on a stagnant GDP, which guarantees the GDP remains stagnant or decreases. 2) Decreased GDP, a death knell for every social program and future revenue. 3) Both 1 and 2, a one way ticket to emulating the economy of Germany circa 1920.