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Ep. 243 Spending Not Taxes Measures Gove…rnments true burden

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Summary: Government spending creates the greatest drag on the U.S. economy. Cutting taxes, even the "biggest tax cut ever" cannot stimulate the economy alone. So if you're fed up with paying taxes, if you think you are over-taxed, and you are, it's because the government is spending too much money. The only real way to get relief is to dramatically cut government spending. No one want's to do that, however, because the people who benefit from government spending, vote, and none of the politicians are willing to lose their votes to ease the burden of everybody else.

On Friday, President Donald Trump said that he would be unveiling on Wednesday of next week, a massive tax cut
In fact, he actually went out on a limb and stated that it is going to be the biggest tax cut ever
Now, I'm really not sure why Donald Trump feels he has to keep promising something and then failing to deliver; that's been a problem
You don't want to over-promise and under-deliver
I understand as a candidate you want to do that; you want to promise anything to get elected
But somebody ought to tell Donald Trump that the election is over and he won
He's President, and he doesn't have to come out and just say things
What I think is that he should say nothing about tax reform until he actually releases a plan
That way he can over-deliver
Don't promise anything - "I'm working on it." - and don't put up a deadline for Wednesday
What if it doesn't happen?
What if there is no tax cut on Wednesday
What if it's not the biggest the biggest tax cut ever
Why make those promises?
Maybe his is going to release a massive tax cut on Wednesday and maybe it will be the biggest ever
I'm not going to take credit away from the President; I'm just saying, "Why not just wait until Wednesday?"
Just in case something goes wrong
Maybe this time there actually is a vote
But the problem, is if you cry wolf to often, then eventually no one's going to believe you
There's really no reason to go out and make the promise; just deliver the massive tax cut on Wednesday and everything will be fine
But I guess he can't resist jumping the gun
But the crazy part about this, first of all, how is it going to be the biggest tax cut ever?
It's hard to believe that, when we have the most debt ever
An enormous 20 trillion National Debt, that the President understands,
He pointed out how big the debt was when he campaigned
How can we afford the biggest tax cut ever unless we're also going to talk about the biggest government spending cut ever?

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