Reagan had defense budgets at around 6% of GDP, ran deficits from 3% to 6%. Trump is signing up for a deficit of 7% with a military budget of 3%. We are weak and bloated with non-defense spending.
I think it’s clear Trump and the White House need to move in a more conservative direction
He’s worried about the short term impact of cuts I reckon.
They need to come to an agreement and the Republican party shouldnt be torn apart like this.
Some Freepers hating on Rand for opposing it but he’s been right on this.
These deficits are NOT sustainable!
They are just kicking the bucket down the line.
Until we will be broke, like Greece, Argentina or Zimbabwe!
And that is during the time of relative prosperity.
As people here despise EU, they actually have a rule that any member state has to have deficit under 3% of GDP!
If we were in EU, we would be (rightfully) sanctioned for illegal deficits!
We need to cut trillion or two out of the budget instantly!
We must beat these deficits to stay alive!