“…cutting the budget deficit to 3 percent of gross domestic product…”
The current Gross Domestic Product for 2023 was $22.7 trillion, so President Trump wants to have an annual budget deficit of $681,000,000,000.
I don’t want a budget deficit of anything—I want a surplus.
I agree with you. Mandatory reduction of deficits and paying back the debt should be a super-majority law and a single line in the budget. Not as a percentage of the economy, but in real defined dollars.
We’re in debt, it should be at least 3% surplus. The target should be no national debt but a surplus.