Maybe you should actually pay attention to some American history.
We have eliminated HUGE amounts of debt in . . . eight years.
Harding and Coolidge eliminated 1/3 of the national debt in eight years after World War I and CUT taxes. Jefferson eliminated about half in eight years from 1801-1809, during an economic recession.
I’m not sure about all $19 trillion but I am sure that massive, significant debt reduction could be accomplished in eight years with important redirection of our trade policy and most of all, spending policy.
Harding and Coolidge had surpluses in every one of their eight years. At one point unemployment dropped to 1.6%.
You heard that right. Can you imagine the impact on American growth and debt payment if real unemployment were 1/12 what it is today???
So, no. It’s not crazy, it’s not fantastic, it’s been done before under much worse circumstances. All you need is will.
And it’s unflattering only because it’s so stupid and the author didn’t even bother to check simple history.
Total tax revenues have actually increased under the tax cuts of Reagan, Kennedy, and Bush. Annual revenues nearly doubled under Reagan's presidency, despite the fact the top tax rates were drastically cut! Balanced Politics.org
If we also cut back on the underground economy by simplifying and refocusing the tax structure the effect will be that much more powerful.