“Can we regain our manufacturing power in the future”
Trump/Musk are working hard at it.
Having said that, China has a population up to 4 times that of America and China produces 1.4 million engineers per year vs US 135,000 engineers.
And the Chinese Engineers are very good, makes China hard to beat.
We’ll see.
Here is how we are going to do it, and the key is tariffs. Cutting spending wouldn't even come close. Taxing more, even worse. Both of those, if depended on, would fail as once they start biting into the debt because it would slow down the necessary expansion of the economy.
This shows why Trump, as the energy-centric President he is, is brilliant in his approach to energy. I heard Doug Burgum (Secretary of the Interior) discuss just that recently. We should harness exploitation of the wealth of resources we possess on public owned lands to take a share in solving this debt.
We will survive this $40 trillion dollar debt by: - Cutting taxes in a way that protects revenue.
- Cutting spending in a responsible way by getting rid of fraud and by eliminating programs that do not benefit this country.
- Exploiting our public-owned natural resources to decrease consumer costs and generate revenue by the leases and sales.
- Implementing tariffs to re-shore our industrial base and expand our economy
- Embracing AI and other derived technology to increase our industrial productivity as our expanding industrial space grows due to re-shoring by tariffs.
That will do it. We can work our way out of this debt. I can be done, I believe it.