These points are truly rich coming from the Republicans. Readers no doubt know that during the Bush-Cheney years the US national debt doubled from $5,700bn in 2001 to $10,700bn today. Others may recollect that Mr. Cheney said in 2001: "Reagan proved that deficits don't matter."So let's not hear any more from Republicans about deficits mattering or about 'generational theft.'And on “bottom up” economics, pushed by the Democrats:
And yet Republicans have made it “complicated” for a reason. Besides defending a failed economic theory, they like to sound like they know what they are talking about.
The workers get pay checks. They use the income to pay taxes - direct to the US government. So immediately the government can use these tax revenues to fix the budget. Then workers purchase goods and services - boosting the economy. Companies hire more workers to deal with demand for materials from stimulus sponsored programs. More employed workers equals more taxpayers.
Ever-rising tax revenues drop into the Treasury's coffers.