Tax cuts are debt weight on US

Dear John: Your recent article on tax breaks looks like you wrote it at dinner on a napkin.

Zero research, only speculation. I’m sorry if the tax breaks weren’t good for you, but they surely helped me and the rest of the working class. Perhaps the elites like yourself didn’t do so well. T.C.

Dear T.C. So, you think print journalists are among the “elite” wage earners in this country. Perhaps you should do a little research on what journalists make.

And your reference to the napkin is a nice touch, even if you leave out the 45 years of experience I have in covering this stuff and criticizing both Democrats and Republicans.

Almost everyone who follows the economy agrees that it is slowing down considerably and that 2019 will not be as good as 2018.

In order to get the economy growing more strongly in 2018, the Trump administration passed massive tax cuts. Yes, you probably benefited from this. And, whether you believe it or not, so did I.

But those tax cuts are causing a massive increase in our deficit and in our federal debt, which is already more than $21 trillion.

And those tax cuts are going to add trillions to that amount over the next few years.

You can look that up also, in case you care to do some research. I suggest you start with the Congressional Budget Office.

The only thing that could make this work would be if the tax cuts resulted in a much stronger economy that produced more revenue that ultimately reduced the deficit.

So, I like a nasty comment from a reader as much as any other journalist. But I think you should take some of that extra money you have in your pocket and pick up a book or two about what happens when government spending rises to unsustainable levels and taxes have to be increased beyond what most people can afford.

It was nice hearing from you.