Dumbest thing I've ever heard. Who pays taxes???Do realize our economy was chugging along just fine, before the tax cuts and rate reductions.
By lowering taxes, we lost an opportunity to reduce, and eventually eliminate, the US debt.
End result, we ALL would have seen a permanent tax cut ... since we'd no longer pay interest.
And reducing the rates to near zero, in a strong economy, left us without tools, if needed later.
As luck would have it, we did need them later, or actually sooner, to cool our current situation.
As for people sitting at home and making more ... it's not the case now, and it's still FUBAR.
Which makes it a bit moot. Plus much more was wasted thru PPP and other insanity of the day.
I do greatly agree, we can't spend our way out of debt. Cutting costs is key, but it's not alone.
Unfortunately, our accumulated debt requires taxation at rates higher than otherwise necessary.