Tariffs are not going to be enough. Meager spending cuts are not going to be enough. Even tax increases are not going to be enough.
We need to cut overall spending, long term, by about 10% across the board.
The ONLY thing that would convince the politicians to give up their spending habit is something akin to a national heart attack. And even then, the “national cancer” has debilitated the patient so far that it would be too little, too late.
Financially, the country is screwed.
The plan is to grow our way out of some of the debt & deficit. That has been explained by several of the financial cabinet including Scott Bessent. They have facts, figures and projections. I’m on board.
Excellent post.
Another more targeted Bessent article.
you don’t grow the economy, then no matter how many spending cuts, were done. Grow, then cut. You cant cut then grow