They have to pass something.
The Trump plan is to grow the economy so fast that the debt to GNP shrinks from 120% back to 1970’s levels of about 50%.
So they’re not concerned about the absolute number for the debt—only that it slows and eventually stops rising. That may take a couple years. hence the larger debt ceiling.
the trump administration doesn’t want to do anything so drastic that it loses them the 2026 election.
That’s my read. I could be wrong.
I was just saying this yesterday. Trump wants to leave office with a $50 trillion economy and a debt to equity ratio of 50%.
Honestly, that is no different than the reasoning of every other politician who refuses to tackle the debt - they're concerned the necessary cuts would cost their side votes/support in the next election.
Apparently, Trump is no different.
"So they’re not concerned about the absolute number for the debt—only that it slows and eventually stops rising. That may take a couple years. hence the larger debt ceiling."
Great post!
While I respect Rand Paul, he is not seeing the forest for the trees imo.
The usual motion sickness moaning coming from the back seat with expert stunt driver Trump at the wheel.
No talks about the $500 billion in annual tariff revenues.