The need to increase the debt limit1 osts permanently outstripping revenues under projections based on current law. House Republican leaders have used this fact to call for spending cuts,3 but it does not address the true cause of rising debt: Tax cuts initially enacted during Republican trifectas in the past 25 years slashed taxes disproportionately for the wealthy and profitable corporations, severely federal revenues. In fact, relative to earlier projections, spending is down, not up. But revenues are down significantly more. Repyblican tax cuts for the rich greatly increased the debt and that created inflation. Spin it any way you want but that is simply the fact that Retry topublicans ALWAYS try to spin it differently but they are lying!suRPRISE! Whodathunkit?