points by throw0101d a year ago

> There won't be progress on inflation until after the deficit comes down.

> […] https://epicforamerica.org

If these guys are so worried about deficits, why are they pushing for expanding tax cuts that make the deficits worse with articles like "Lawmakers Must Preserve and Expand the 2017 Tax Cuts":

* https://epicforamerica.org/federal-budget/lawmakers-must-pre...

US outflows ("spending") relative to GDP is coming down to historical levels (~20%):

* https://fred.stlouisfed.org/series/FYONGDA188S

And yet the deficit relative to GDP is getting worse:

* https://fred.stlouisfed.org/series/FYFSGDA188S

It's inflows (income) that's the problem, i.e., not enough tax revenue.