Everything depends on one factor:GROWTH
If the GDP grows at 4% or more, and if we use the increased revenue wisely (to reduce the debt), we may survive.
If not, and the debt grows exponentially, we are doomed.
I believe Pres Trump understands this.
But does Congress?
Do Massie & Paul?
I think the growth aspect is front and center for Trump & his cabinet. Bessent said recently growth is the only way out of the debt spiral, when coupled with elimination of waste, fraud, redundancy and with cutting spending. Focus on spending only and the ship of state will continue to sink.
If the GDP grows at 4% or more, and if we use the increased revenue wisely (to reduce the debt), we may survive.
If not, and the debt grows exponentially, we are doomed.
I believe Pres Trump understands this.
But does Congress?
"If" is the biggest word in the English dictionary.
If the GDP grows at 4% or more, and if we use the increased revenue wisely (to reduce the debt), we may survive.
If not, and the debt grows exponentially, we are doomed.
I believe Pres Trump understands this.
But does Congress?
"If" is the biggest word in the English dictionary.
“If the GDP grows at 4% or more”
At 4% a year, the houses being built would be about 50% bigger in 2035.
At 4% a year, by 2045 you’ll have trouble parking your stretch limo.
Who volunteers to become 4% sicker each year?
We’re coming up short. Can I have 8% sicker each year volunteeers?
In 2035, Junior might have 27 years of education under his belt.
I was about to post something similar.
Growth is 80% of the solution.
Even though their is massive corruption and ridiculous spending their is tremendous opposition by the political class to reduce the feeding trough.
Trump is doing all the heavy lifting while the Republican congress is nearly worthless. As usual.