The Ghost of RubangB said:
The tax cuts were a joke. The majority of the cuts were for the richest of the rich. Yeah, some small businesses got a little slack, but the richest people in America got millions handed to them for nothing, and the poor got enough for a couple free beers and burritos. And all the money the government lost on tax cuts... mixed with starting multiple wars... mixed with blowing our entire surplus (including the large portion earmarked for social security)... basically handed our economy to China.
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I'm going to mention some things you arent taking into consideration.
1) The tax cuts gave small businesses huge breaks. Thes breaks made it possible for small businesses to hire more employees and grow. A job allows the poor you're talking about to do more than buy beer, it allows them to make a living.
Also, the tax cuts gave the rich nothing. You have your basic understanding of economy wrong. The rich that benefit from tax cuts are simply allowed to keep their hard earned money. That's called liberty and there's nothing wrong with that. It also is a powerful vehicle for economic growth and job creation as the rich tend to invest their money in business and economy so that it grows. Ask youself this simple question. When was the last time a poor person or homeless man hired you for a job? That will never happen, but 80% of people employed in America are employed by these evil rich people you hate so much.
Third, the government tax revenue has increased due to the taxe cuts. There was no money lost. As rocketpig mentioned, it was the so-called conservative congress and the war that spent all the new money.
Last, China may talk big and own alot of America's debt, but they will never move on it. They are heavly invested in America and they peg their currency to the dollar. If they moved to destroy the American economy they do so at the cost of their own which they have spent decades building.