Twas the night before Christmas when all through the House
Paul Ryan was being a low dirty louse
GOP tax plan left all without care
GOP hoped all votes would be there
2/ Billionaires nestled all snug in their beds
While visions of tax cuts danced in their heads
Linton in Hermès and Mnuchin with stocks
Had just settled down for a nap at Fort Knox #MerryChristmas #ChristmasEve2017
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U.S. shifted from creditor nation to debtor nation for the first time in almost 70 years. By 1987, the US was the largest debtor nation in the world, and has been ever since.
2/ Hey kids. Let’s talk about President Reagan:
The income stagnation that began under Reagan has had a devastating impact on personal savings. The basis for Reagan's 1981 tax cut bill, was to boost personal savings. Instead, they plunged precipitously.
3/ Hey kids. Let’s talk about President Reagan:
Before Reagan, debt wasn't a problem for America. From World War II to 1981, every POTUS except for Nixon/Ford reduced debt. It rose another 13% under HWB. It took Democrat Bill Clinton to get the debt down.