This is also an opportunity to remind Republicans who are suddenly worried about the national debt that they made a substantial contribution to it. Trump's 2017 tax cut was supposed to pay for itself over ten years. The theory was that all this extra money back in private hands would be invested.Those investments would average out to a 3% growth rate over the ten years of the tax cuts, and taxes on this economic growth would effectively pay for the initial loss of revenue.The only problem was the projected 3% growth rate was simply made up and not based on any sound economic data.As it turned out, the projected economic stimulus turned out to be only 15% in actual investments.The rest of the money, 85%, went to stock buybacks and executive compensation. In other words, the rich got richer.What we were left with was a huge hole in projected revenues that added 4 trillion dollars to the national debt.

This is also an opportunity to remind Republicans who are suddenly worried about the national debt that they made a substantial contribution to it. Trump's 2017 tax cut was supposed to pay for itself over ten years. The theory was that all this extra money back in private hands would be invested.Those investments would average out to a 3% growth rate over the ten years of the tax cuts, and taxes on this economic growth would effectively pay for the initial loss of revenue.The only problem was the projected 3% growth rate was simply made up and not based on any sound economic data.As it turned out, the projected economic stimulus turned out to be only 15% in actual investments.The rest of the money, 85%, went to stock buybacks and executive compensation. In other words, the rich got richer.What we were left with was a huge hole in projected revenues that added 4 trillion dollars to the national debt.

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