No one is likely to be happy with the projected higher deficits laid out in a new analysis of Kamala Harris’ and Donald Trump’s economic plans.
The analysis released Monday by the nonpartisan Committee for a Responsible Federal Budget suggests a Harris presidency could increase the national debt over 10 years by $3.5 trillion. That’s even though the vice president’s campaign insists her proposed investments in the middle class and housing would be fully offset by higher taxes on corporations and the wealthy. Her campaign policy guide states that Harris is “committed to fiscal responsibility — making investments that will support our economy, while paying for them and reducing the deficit at the same time.”
The same analysis says former President Trump’s ideas could heap another $7.5 trillion onto the debt and possibly as much as $15.2 trillion. That’s even though he suggests growth would be so strong under his watch that no one would need to worry about deficits.
I get it, I got my family out of a country with a very similar “going to right-wing klepto-shitscape” trajectory right in the middle of COVID. Had to get my nose stuck every 3 days for a month. I worked sitting on the floor with my laptop on a cardboard box for 2 weeks, while all my furniture was said box and a mattress. Had to learn a fourth language while I was getting taken advantage by employers left and right.
No regrets, absolutely none. I don’t know the US, but where I’m from didn’t get better, it got so much worse I barely recognise it anymore.