Originally posted by: Boilerman
Kevin believes that balancing the budget is stupid. Just a couple of years ago he told us so...because the interest on our debt is inconsequential.
There are two ways to balance the budget. One is to increase revenue; the other is to decrease spending. However, if the cost of carrying interest on debt is less than the benefit gained, then it's counterproductive to balance the budget. I never said that interest was "inconsequential"--I said that it was worth the expense. Did you know, Boiler, that virtually all corporations carry debt and pay interest? Did you know that every country in the world carries debt and pays interest?
I thought you didn't.
"Balance the budget" has been a holy bleat in the mouths of conservatives, even when Trump slashed taxes for corporations and the rich and created a YUGE budget deficit.
So ya wanna balance the budget, Boilerboob? Ask Trump to return corporate and wealthy taxation to 2016 levels. That alone would do it.