And when implemented wisely, i.e., single payer healthcare, improved primary and secondary education, free or drastically reduced tertiary education, etc., money spent on social programs can effectively reduce annual deficits overtime--for such are essentially investments, just not the sort the right are apt to recognize or acknowledge as such.We are $38 trillion in debt because people keep electing republicans. With more democrats we'd be around $20 trillion in debt. Still not ideal but WAY better.
As a simple example, the "Big Beautiful Bill" will increase the debt by $3.4 trillion - close to a 10% increase - in 10 years. And this is just one bill. An analysis by the Committee for a Responsible Federal Budget estimated that, according to their published plans, the Harris administration would have increases the deficit by 3.95 trillion. The Trump administration would increase it by 7.75 trillion - about twice as much.
This is because both parties spend about as much - democrats on social programs, republicans on military. But democrats tend to increase taxes; republicans tend to decrease them. One method leads to much higher deficits than the other.
If you replace certain terminology with a certain other terminology, laissez faire capitalists often sound virtually indistinguishable from fanatical fundamentalists of the American Christian variety, which, of course, is neither coincidental nor unintentional.