He is probably setting the stage for a fiscal conservative leader.
At least we need a moratorium on any new spending. If something important comes up...take the money allocated from a useless govt. money sinkhole.
Then, the govt.grifters will manufacture a crisis where they will be the beneficiaries of govt. monetary stupidity.
I’m beginning to think tax rates should be adjusted to cut down the deficits.
The percentage corporate tax rate for a tax year might be:
(the national debt as of the end of the last fiscal year-$10 trillion)/$1 trillion
If the national debt is $36.5 trillion, the corporate tax rate might be 26%.
If the debt increased by 10% for a fiscal year, the tax brackets would get lowered for deficit control purposes by 10%. If inflation was 4%, after inflation adjustment, the brackets would get lowered by 6%.