Yeah, eliminating $20 trillion in debt over 8 years is an impossibility. Even completely eliminating welfare state entitlements while simultaneously raising taxes through the roof wouldn’t do it. And obviously Trump doesn’t plan on doing either.
But I do agree with him about the upcoming recession, although it could very well be a lot worse than he’s predicting.
Just keeping the debt stable would be a resounding success.
Thanks !
I wonder if he meant the deficit but said the debt. Eliminating the deficit within 8 years will be difficult, but doable. Eliminating $20 trillion in debt within 8 years would be nigh impossible.
I would like him to pay back China and Japan at least. That would be a great start. The rest is internal debt.
A 20% across the board import tariff balances the budget tomorrow.