THE STRANGE STORY OF DOCTOR JEKYLL AND MISTER HYDE...... THE DEFICIT DEBATE

                                    

The DEBT ISSUE debate.....

Since 1960, Congress has addressed the DEBT ISSUE 78 separate times - raise, extend, or revise the limit estimates. This was done 49 times under Republican Presidents and 29 times under Democratic Presidents. The last Republican President - Donald Trump - added $7.8 TRILLION during his single term. He was cheered on by both by Moscow Mitch McConnell and House Speaker Paul Ryan with an assist by the current Republican House Minority Leader, Kevin McCarthy.

Now - once again - the Republicans - McConnell and McCarthy, having sent some $2 TRILLION to large profit-making corporations and the upscale wealthies, are turning their backs on paying for THE DEBTS THAT THEY INCURRED IN THE LAST 4 YEARS! The Tax Reform Act of 2017 gave massive amounts back to THE WEALTHIEST WHO COULD AND SHOULD AFFORD TO PAY THEIR FAIR SHARE - as much as $250,000 a year - or $1,000,000 to date! During Trump's absurd rule, $7.8 TRILLION was added to the US Debt levels - nearly half through the Republican give-away to wealth, including Trump and his family.

Still - once again - the Republicans have "shape-shifted" into "deficit hawks" when a Democrat is in the White House.... never mind that they emptied the revenue bucket with a give-back to the wealthy when they were in charge less than a year ago, dating back to the Tax Act in 2017. Today McConnell and McCarthy are holding the US and global economies hostage in the hopes of scoring some "cheap" political points. McConnell's game? - Dr. Jekyll and Mr. Hyde....

Pass the increased limit deficit bill..... and save the US and international economy!

Bobby J

Left to Right: Pelosi, Schumer, McCarthy, and Mad Hatter McConnell

Former Secretaries of the Treasury sent a letter to the Congressional Leadership in both Houses.

Read the communique here: https://home.treasury.gov/news/press-releases/jy0368