Current Republican Tax Plan Will Add To The National Debt

Tuesday, December 12, 2017

Independent tax experts agree that the Republican tax plan will add over $1 trillion to the national debt, even accounting for economic growth. 

Adding to the national debt during good economic times doesn’t seem smart to me. The time for adding anything to the national debt is during a major war or when the economy needs more government spending to stimulate it during a major recession or depression. When the economy is going well, like it is today, we need to be balancing our budgets and using any surpluses to pay down the national debt, not add to it with tax cuts that are not paid for with economic growth or spending cuts. 

Bob Corker looks like the only true conservative in Congress on the debt issue. He voted against the tax cut plan in the Senate because it adds to the national debt, which he described as our number one threat to national security. I applaud him on sticking to this conservative principle. 

Plus, it appears to me that adding to the national debt now will simply make it harder in the future to save our personal investments in social security and medicare. Those of us who have worked hard and paid into these investments have earned a future return on them. 

Maybe this explains why the national popularity of the current Republican tax plan is somewhere in the 35 percent range. This percentage may fall even further when more people realize this tax plan will further increase the national debt and further jeopardize the future of Social Security and Medicare for those of us who have paid into them. 

Tim Gobble



Send Your Opinions To Chattanoogan.com; Include Your Full Name, Address, Phone Number For Verification

We welcome your opinions at Chattanoogan.com. Email to  news@chattanoogan.com . We require your real first and last name and contact information. This includes your home address and phone number. We do not post the contact information, but need it for verification. There is no word limit, but if your article is too long you may lose your reader. Please focus more ... (click for more)

Aloyse Brown’s Positions On County Spending Are Too Clever By Half - And Response (2)

Aloyse Brown criticizes Hamilton County government for a backlog of school maintenance. In her next breath, she criticizes a county budget that raised taxes. If Ms. Brown attended the same community forums I did, she would know that the budget changes were made, in no small part, to address spending on physical needs at Hamilton County schools.  Ms. Brown’s gambit strikes ... (click for more)

Chancellor Fleenor Sets Aug. 6 Hearing In Democratic Suit To Keep Robin Smith Off The Ballot; Ms. Smith Was Former Campaign Advisor To Judge

Hamilton County Chancellor Pam McNutt Fleenor has set a hearing for Aug. 6 at 1:30 p.m. on a lawsuit brought by the Tennessee Democratic Party seeking to keep former state GOP Chairman Robin Smith off the ballot. Ms. Smith was a campaign advisor for Ms. McNutt Fleenor when she ran for judge in 2014. Her Rivers Edge Alliance was paid $13,546.86 by the McNutt Fleenor campaign, ... (click for more)

Police Say One Gang Member Shot Another After Both Just Left Gang Meeting At Mayor's Office

Police said one gang member shot another after both had just left a meeting at the mayor's office aimed at quelling gang violence. Kevin Dewayne Bush was arrested for shooting Keyshawn Kidd on May 29. Bush, 20, of 17th Street, is charged with attempted first-degree murder, reckless endangerment and unlawful possession of a firearm. Police said Kidd was returning to his ... (click for more)

UTC Wrestling Coach Heath Eslinger Resigns

University of Tennessee at Chattanooga Vice Chancellor and Director of Athletics Mark Wharton announced the resignation of wrestling head coach Heath Eslinger today.  Eslinger, who spent nine seasons as head coach of his alma mater, informed Wharton of his decision this morning.  "It was always my hope that Heath Eslinger spend the rest of his career leading our wrestling ... (click for more)

UTC's Simonsen Wins Tennessee Match Play Championship

It was a special week for rising sophomore Oliver Simonsen. The Chattanooga-area native captured the Tennessee Match Play Championship in his hometown in impressive fashion at Council Fire Golf Club. Simonsen’s day started with a semifinal matchup against Dalton State’s Ben Rebne. After halving the opening hole, Simonsen won four of the next five for a commanding 4up advantage. ... (click for more)