It'd be interesting to see if that would hold true if the country hadn't gone 30+ years without having an adult conversation about taxes.
Republicans learned one lesson in 1993 and learned it well: "Read my lips: no new taxes" should mean no new taxes. Since then government responsibilities have grown as private industry has shirked it in the name of profit transfer to shareholders. There's also of course been wars of convenience.
The gap has been funded with money printing and deficit spending. Now we sit here and say "but all of their money would only fund things for eight months!" and forget why there's so much interest on loans to pay in the first place.
> forget why there's so much interest on loans to pay in the first place
Not only that, but we consistently manage to forget who that interest is being paid to. The economy is complex, but we keep treating it like a larger version of a household budget.
Republicans learned one lesson in 1993 and learned it well: "Read my lips: no new taxes" should mean no new taxes. Since then government responsibilities have grown as private industry has shirked it in the name of profit transfer to shareholders. There's also of course been wars of convenience.
The gap has been funded with money printing and deficit spending. Now we sit here and say "but all of their money would only fund things for eight months!" and forget why there's so much interest on loans to pay in the first place.