The debt is a microcosm to what truly will break this country and Trump in fact no one will solve it and that is unfunded liabilities to the tune of 3.5-4 trillion dollars.
A 20% tariff plus a freeze in government spending and a huge marginal rate cut would solve all of our problems. Instead we hurl towards disaster when a solution is available.
Jarhead, this nation’s unfunded debts are like our household debt.
$1 million dollar homes seem like unfunded debt. Over time families make payments and pay the debt down.
Over time the U.S. will pay down it’s unfunded debts.
Under Trump we will also reformulate some things beginning to eliminate the unfunded debts out into the future.
Getting our budget under control, and passing new legislation will resolve issues.
Sure, if it all came do today, it would sink us. It won’t.
It’s sort of like going down the freeway at 70 mph. Your driver’s education teacher tells you, you need to be at least 1 car length behind the person in front of you for ever ten MPH you’re going.
What they don’t tell you, is that the car in front of you has to slow down too. You’ll slow down together, and the seven car length rule is not realistic.
You learn that driving on freeways during rush hour traffic bumper to bumper, realizing there are very few accidents.
We need to get the fiscal debt off the books. We are starting to work on that in earnest.