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Showing posts from December, 2024

The Path to Solvency?

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 The national debt has risen to a new high of 36 trillion dollars. According to the Federal Reserve Chairman, we can live with that, but we must not allow it to grow, so some belt tightening must occur. The Republicans will certainly want to reduce the money provided for education, Social Security, and Medicare. I can understand (but not agree with) them wanting to cut spending on education. The more education voters have, the less likely they will vote for (current) Republicans. Of course Republican's  dissecting tables are readying for cuts in Social Security and Medicare. And the poor will be required to tighten their belts, but their belts are on the last loop, and some have no belts at all.  President Trump will certainly want to keep his 2017 Tax and Jobs Act (TCJA) and extend it well into the future. But PBS, Politifact and numerous other sources have reported that the past job increases projected by Republicans just didn't develop, and never have. The closest esti...