Trump has always operated on debt. His real estate empire was built on it. Will tariffs pay it off this time? No.
They need to get the DOGE cuts codified into the budget
The tariff will take in by my estimation $1B/day. The Feds overspend to the tune of $5B/day. The new tariff revenue will give an immediate 1/5 reduction of the deficit. You got a problem with that global boy?
Yes. Does raising the debt ceiling automatically mean we will borrow and spend more? Or does it just give us the flexibility? The worry that if the government changes parties they may spend it is real but I don’t think it automatically means we will borrow and spend. And what if we use it as a bridge finance to, say, buy back some of the 5% bonds and then sell 1% bonds? We’d be using the debt temporarily, but slash tens or hundreds of billions a year in debt service payments over the long haul.
There must be a reason for this and not just so the government can structurally borrow and spend more. That doesn’t make sense given that DOGE has been trying to cut waste and create efficiencies which should actually reduce federal spending. We could very easily have a smaller budget and no annual decficit by restructuring our debt and eliminating waste and fraud and jobs that are no longer necessary due to efficiency.
In Silicon Valley the big players have a betting pool on what year the first $1 billion one person company will be born. Think about that. They are all thinking that eventually we will have so much technological prowess that a single person will create $1 billion worth of productivity. Taking that to a simplistic overview of government - many of our most costly programs (entitlements) could theoretically be managed by a few score federal workers. The recipients won’t notice much change the checks will still come on time it just won’t require as many people to manage. This is why the left is going apoplectic. They see the writing on the wall. Big government is going to be replaced with big blue, without much disruption to the people dependent on it.
No President in decades has more aggressively tried to cut back the size of government and spending than Trump so far in his second term.
The tariffs are not to raise revenue - the tariffs are to have foreign countries lower or drop their tariffs on goods produced in the U.S.
These countries are buying items already and we want them to buy from us instead of Germany, France, the British Commonwealth of Nations, etc.
If you sell to us, you buy from us.