To the editor:
Why is it that every time a tax cut is passed, the national debt takes a devastating leap forward? Every tax cut since Ronald Reagan has increased the debt and raised mortgage rates, auto loan rates and long term debt along the way. The national deficit just reached $40 trillion, more than double the amount of ten years ago. George W. Bush went to war in Iraq with no funding and just put it on the national credit card. Donald Trump raised the debt the most with his recent permanent tax cuts. No one is balancing the check book and every politician who votes for these tax cuts, including Ann Wagner, will be responsible for the coming bond market collapse when no one will buy our bonds because of such reckless spending. A tax and spend approach would be preferable, but our politicians have decided to spend recklessly and put everything on credit. It’s time to vote the bums out.
T. Oceno
St. Louis County
