Republicans have worrisome economic history

A worrisome truth: Since 1970, Republicans have put our nation in debt far more than Democrats.

Reagan increased the National Debt by 161%! How? By lowering taxes on the very rich from 70% to 50%. Republican presidents, one after the other, kept lowering the taxes on the very rich. In total, this was the main reason the National Debt rose a whopping 315% due to the Republicans.

Democrats during the same period only increased the National Debt by 153%.

As the National Debt rises, the confidence of the banking community in the safety of our bonds falls. Just recently our credit rating dropped another notch.

Trump and the MAGA Republicans are now poised to repeat this pattern of radical debt increase. In keeping his 2017 tax cuts, Trump is adding over 5 trillion to our National Debt. He is not the only one to blame. In a recent vote, every Republican voted to nix any tax cuts for billionaires.

Like other Republican administrations, Trump touts how he is saving money by cutting “unnecessary” programs. Unfortunately, many of these programs like Medicaid (over 700 billion cut in 10 years), Social Security (critical staff reductions) and FEMA (drastic cuts to funding) are essential components ensuring the livelihood of lower- and middle-class Americans.

The undeniable truth: Trump and Republicans are bad for the economy AND bad for the lower and middle class. But, by God, they are good for the very rich.