This is an issue were I’m going to agree with Trump on.
We simply cannot afford this anymore. Period. Our fiscal situation is dire. When does this end?
Think about this. If Trump wins, and the US debt goes down to 10 trillion, he could brag he cut the debt in half
And what if he doesn’t?
It should start with trials, convictions, and sentencing for those politicians who voted to permit this outrageous debt.
Maybe Trump would cut the $20T down to $10T. I’d love to see him, or any alternative GOP candidate, try. But Trump has said he’s not going to touch the $100T in entitlement promises, which is the much larger problem. If you don’t fix entitlements they will, by default, end up on the operating budget. Converting $20T of operating debt and a pile of promised IOUs into $110T of operating debt isn’t a viable business plan. Feds can’t use chapter 11 to reorganize out of it down the road. Trump’s assurance he’ll keep paying entitlements isn’t an exit plan, but more of what got us into this mess.
Thoughtful bump.