Steven Pressman
@stevenpressman.bsky.social
Economics Professor, New School for Social Research; Emeritus Professor of Economics & Finance, Monmouth University; contributor to Washington Spectator; former editor, Review of Political Economy; author/editor of many books, including 50 Major Economists
The #s aren't important. It's how we got here & how we get out. Hi debt stems from R tax cuts-- Reagan (1980s), Bush (2000s) & 2 Trump tax cuts. Tax revenues relative to GDP fell by over 2%. Now R's want to cut government spending to deal with their problem. Please don't fall into their trap!
September 8, 2025 at 8:29 PM
The #s aren't important. It's how we got here & how we get out. Hi debt stems from R tax cuts-- Reagan (1980s), Bush (2000s) & 2 Trump tax cuts. Tax revenues relative to GDP fell by over 2%. Now R's want to cut government spending to deal with their problem. Please don't fall into their trap!