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

Opinion
The Federal Government Should Be Out Of The Healthcare Business
  • 7/6/2025

The federal government should be completely out of the healthcare business - excepting VA and military hospitals and maybe a few others. It should be a state issue. That does not mean that ... more

The Fourth On Wolftever Creek
  • 7/4/2025

Thanks to all you rootin, tootin, firecracker shootin, America lovin, Fourth of July celebratin people on Wolftever Creek and Wolftever Trail. Nothin like your own firecracker show. ... more

Send Your Opinions To Chattanoogan.com; Include Your Full Name, Address, Phone Number For Verification
  • 7/4/2025

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 ... more