National Debt Driver
Cal Berkeley prof Robert Reich claims that if Republicans “were really concerned about the debt they would go after one of its biggest drivers: tax cuts for corporations and the wealthy. The issue isn’t programs that help millions of Americans, it’s giveaways to the rich.”
IN FACT, the share of the U.S. economy collected in federal taxes and the full tax rates paid by the wealthy have been roughly level or risen for as far back in time as data extend. The main cause of the exploding national debt is social programs:
