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It’s attractive for politicians to keep taxes low and spending high. Each of our last four presidential administrations has benefited from this dynamic.
Wall Street and global business, which dominates Washington policymaking, have also benefited greatly. These corporate actors care about their next financial quarter a lot more than our country’s state of affairs 10 or more years down the road.
This period will be looked upon by historians as the saddest time in our history: a once great country behaving so selfishly and with such short-term interests that they sold their children’s futures away with barely any debate.