It is a direct result of their gov debt and we are a matter of years behind now, not decades most likely.
Finally. Some sense from you.
HOWEVER, increasing taxes is not the only answer.
The first thing is to exercise cuts. If you arbitrarily just bump up tax brackets to bring in more funding without cutting spending, it will only increase spending, not reduce it.
In the early 1980s, Reagan worked with his D congress to try and cut spending. However, Ds said they would not agree to cut spending until some taxes were increased. So, Reagan agreed to work with them and did the dirty deed. When it came time to cut, the Ds in congress balked and all Reagan had to show for it was a tax increase without any promised cuts.
This post was edited on 9/13 at 11:08 am