Everybody knows he’s Mr. Hyperbole by now, or has no excuse not to know.
Still I think he’s giving America the signal that how fast it can move, isn’t being given an upper limit by him.
How large will our economy be if we have eight years of GDP growth like China had from 1989 - 2014 ? An average of 10% per year would put US GDP at $38T.
If the ratio of tax revenues to GDP stays roughly the same, while the Debt is no longer fed by a Deficit and spending is actually cut by eliminating useless bureaucracies, we could see tax revenues of $7.5T and spending of $3T. It doesn’t take long to pay off a $19T Debt with a $4.5T surplus each year. Even 5% GDP growth would put the US GDP at $26T and tax revenues at $5.5T with a $2.5T surplus to pay down debt.
Now, you might say we can’t experience GDP growth like China did because we are already a “developed” economy. Except rebuilding our manufacturing sector from its current state makes us an awful lot like China was then.