Watch what I do on Facebook

  

Monday, October 31, 2016

What are the candidates’ plans for America’s budget?

"The candidates, then, offer two completely contrasting plans. Mrs Clinton would keep the national debt more-or-less on its current path, raise overall taxes and spending, and redistribute from the rich downwards. Mr Trump would borrow vastly more than currently planned, cut taxes, and redistribute upwards (compared with current law). Neither would do much about America’s longer-term fiscal woes. Because the trust fund for Medicare runs dry only in 2028, and the Social Security fund only in 2034, this issue will only really grab politicians—and electorates—later. "
See: http://ift.tt/2fw2eat Cross-posted from Facebook via IFTTT

No comments: