So far, so good, but what about government spending?
Revenue increases coming from the result of tax cuts won’t do squat if spending increases even faster. That’s what happened EVEN after the tax cuts of 2017.
Higher spending, higher deficits, higher deficits, either more debt or money printing.
When voters figure out they can get more freebies by electing big spenders, it is beginning of end of a Republic. I am afraid we have reached that stage.
There is not enough waste to cut that will make any significant difference. It's not really discretionary spending that is killing us. Additionally you will NEVER get a significant spending cut bill through congress. It's also all the entitlement programs that are the real problem and President Trump rightly understands that a majority of the voting public are dependent on them.
The only way out is to grow our way out of this. You will never get to a point where we are debt free. If we are lucky a growing economy may get us to a few balanced budgets 10 years from now.
GDP has to go up significantly over the next 10 years. Guess what the Federal Reserve will fight it every step of the way. They hate fast growth because they think it's inflationary. This is why President Trump is starting to complain about the Fed and the Fed chair.
So for you people who think it's spending, stop it. You are falling into the trap of the lame stream media. You would need large majorities of both houses of congress with representatives that wanted to cut spending. That is never going to happen. You will never get a congress that will cut spending in any significant way. So stop with the whining on Spending.
Pro growth, reshoring manufacturing (vital for defense and our security), tariffs to encourage FAIR trade (NOT FREE TRADE), low or NO income taxes.