More voodoo economics
Sat., Feb. 17, 2018
The Republican members of Congress have finally proven that they are unable to add two and two and come up with four. The tax “reform” bill which they passed adds to the national deficit instead of reducing it. It makes President Trump’s promises to build a border wall, invest in infrastructure, and replace the Affordable Care Act with “something better” empty promises because the bill will not generate the revenue to do those things. Less revenue equals less funding. Less funding means fewer government services.
This bill is an expression of the same “trickle down” theory of economics which the Reagan administration supported. It failed then. The state government of Kansas recently tried to implement the same idea, only to find that it failed again. Kansas then had to revisit taxes to maintain enough revenue to pay for essential government services. There is a reason why this idea was called “voodoo economics.”
Michael O’Dea
Spokane