Something To Ponder... Looking at you Congress & Media Pundits (my words)

https://heathercoxrichardson.substack.com/p/january-19-2023

Heather Cox Richardson: Letters from an American

'As Treasury Secretary Janet Yellen warned..., the U.S. hit the debt ceiling, although it can avoid default for a few months with...“extraordinary measures.”...Most of the media discussions of the crisis... focused on whether the Democrats would agree to negotiate with the hard-right Republicans, who want cuts to domestic spending before they will agree to raise the debt ceiling to access money that Congress has already appropriated.

...since 1981, the Republicans have made cutting taxes the centerpiece of their economic policy, arguing that putting more money in the hands of the “makers,” rather than the “takers,” will enable those makers to invest in production and hire more workers, thus expanding the economy...But forty years of so-called supply-side economics have demonstrated that this system does not, in fact, create extraordinary economic growth. Instead, it moves wealth upward, really quite dramatically, and creates deficits.

...one of the reasons we need an increase in the debt ceiling is that the 2017 Trump tax cuts, especially the cut in the corporate tax rate from 35% to 21%, dramatically increased the deficit without promoting growth. The nonpartisan Congressional Budget Office estimated in 2018 that the tax cuts would increase the deficit by about $1.9 trillion over 11 years. It seems like repealing those 2017 tax cuts, at least, would be factoring into discussions of addressing the deficit.'