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Gas Prices Skyrocketing Thanks Biden!
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<blockquote data-quote="vantexan" data-source="post: 5435764" data-attributes="member: 24302"><p>Yes debt will be added. That's not due to the tax cuts. That's new spending above and beyond. The CBO said at the start of the tax cuts that they would add $1.5 trillion to the debt. They're now saying the cuts over that timeframe will add $570 billion in revenue, that they were wrong before. The cuts spurred economic activity which ultimately gives the government more revenue. The Biden administration has created new spending. And they flooded the country with money and caused this inflationary spike.</p></blockquote><p></p>
[QUOTE="vantexan, post: 5435764, member: 24302"] Yes debt will be added. That's not due to the tax cuts. That's new spending above and beyond. The CBO said at the start of the tax cuts that they would add $1.5 trillion to the debt. They're now saying the cuts over that timeframe will add $570 billion in revenue, that they were wrong before. The cuts spurred economic activity which ultimately gives the government more revenue. The Biden administration has created new spending. And they flooded the country with money and caused this inflationary spike. [/QUOTE]
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