"Rep. Alexandria Ocasio-Cortez (D-NY) declared that we must "break the mistaken idea" that taxes pay for 100% of government spending in an interview with NPR's Steve Inskeep on Thursday to promote her 'Green New Deal' legislative proposal."The first thing that we need to do is kind of break the mistaken idea that taxes pay for a hundred percent of government expenditure. It's just not how government expenditure works," Ocasio-Cortez explained.
Ocasio-Cortez believes that the economy will grow if money is borrowed to make an "investment" in the Green New Deal and it will eventually pay for itself.
The host reminded Ocasio-Cortez that thinking is exactly what was behind the Trump tax cut -- something she opposes -- that it will pay for itself, and it "hasn't turned out to be true at all."...
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