Spend and Spend
Brought to you by Nick Caraway
Just looking at some numbers as I used to be in the bond business when I lived in that shack next to Jay. The GOP loves to call the Democratic economic plan “tax and spend”. Well, the Republican plan seems to be spend and spend. Compare Trump and his first (and hopefully only) four years with Obama and his first four years. Boy it sure looks interesting
2009-2012 in billions: 5094
2017-2020 in billions: 6128
Sure, a lot of that is the pandemic, but Obama was trying to recover from the greatest economic downturn since the Great Depression, so we will call it even. The GOP loves to cast themselves as the party of fiscal responsibility. That only seems to happen when it’s time to spend money on social programs.
When we “need” to spend money on tanks, planes, bombs, and corporate bailouts there seems to be plenty to go around. When we “need” to give tax cuts to the top one percent there seems to be plenty to go around. Meanwhile, I’m still looking for the 2000 dollars Pence said we got in the VP debate. I’ve misplaced it I guess. I can’t find it.