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.
I understand the plan. I simply don’t think it’s enough.
The second that the Congress sees a nickel more come through the door, they will spend a dime. There is no discipline.
“Hoping” for lower interest rates is a pipe dream.
What I DO think is that the second the bill is passed, work needs to start on a real budget. Without some sort of bi partisan movement (meaning you need to get a cloture vote in the Senate) nothing of any significance can be passed.
The system remains stymied. And that just leads to rot.
I hear what you’re saying but...its going to be hard to grow the economy when the consumer is tapped out (after a long period of inflation) and debt loads are historically high. We are a consumer driven economy and the consumer has been weakened over the past four years. That’s not something that can be quickly fixed IMO.
Don’t bother. These are the same idiots who never heard of the Laffer Curve and think raising taxes raises revenues.
If you can’t get the idiots to stop spending at least get them to get out the way and let the smart people grow the economy.
Actual growth can only happen in the private sector. That means moving much of our lost manufacturing back to this country, either with people in jobs or robots making stuff.
At the same time, spending on expensive hobbies like keeping poor people in hotel rooms and financing silly research needs to be curtailed.
Overall, I am on board as well. I just worry that 3 1/2 more years of Trump as President will NOT be enough time to reverse the trends.