Tag Archives: deficit

Debt or investment?

One man’s piling onto the national debt is another man’s “investment in the future.”

So it goes with the debate over Build Back Better, which is President Biden’s domestic spending initiative that is hung up in wrangling between congressional Democrats and Republicans and, yes, even between factions within the Democratic Party.

Whether it’s a $3.5 trillion spending package over 10 years or a $1.5 trillion package, it’s a lot of money.

What is so damn troubling, though, is that the GOP caucus is now worried about the national debt. It wasn’t worried one little bit about it when Donald Trump pitched an idea about cutting taxes for rich people, depriving the government of revenue it could “invest” in programs to help the rest of us. Now, though, it is all hung up on the debt and the cost of the infrastructure package that Biden and some within the Democratic caucus want.

Yeah, I know. It’s politics. That’s a family member of mine’s favorite rejoinder. It’s his fallback position when he can’t find any justification for the nonsense being bandied about.

It still stinks, man.

johnkanelis_92@hotmail.com