this will reduce the
deficit, not increase it …
that is simply false
Three times in the past half-century, Republicans have enacted large tax cuts that necessitated significant increases in federal borrowing. Each time they insisted the cuts would drive economic growth, even claiming that the expansion would be so large that the government would collect more tax revenue. Each time, they’ve been proved wrong.
Mr. Trump’s bill would be the fourth iteration of this failed experiment, and some Republicans are still retailing the same fantasies about the consequences. “This will reduce the deficit, not increase it,” Senator John Thune of South Dakota, the Senate majority leader, said last week. That is simply false.
The expected increase in the debt is particularly absurd because the government would borrow much of the money from the same people who got the biggest tax cuts from the bill. Roughly half of the government’s debt typically is sold to American investors, and those investors are disproportionately affluent. When the government borrows from them rather than raising taxes, it is getting the same money from the same people on less favorable terms. Instead of taxing the rich, the government pays them interest.
From The National Debt Is Already Causing Bigger Problems Than People Realize by THE NEW YORK TIMES EDITORIAL BOARD in an opinion piece on June 39, 2025.
The expected increase in the debt is particularly absurd!
I am also struck by the phrase, That is simply false.
In my day, that was called … a lie.
Somewhat along the lines of, we are only departing gang members and drug dealers.
And telling a lie was considered bad.
Bad to tell it.
Worse to get caught telling it.
Today … who cares.
But why no one cares, is beyond me.



