He wants to cut taxes and increase military spending and massively increase in her spending on infrastructure. The only cuts that he recommends are "waste fraud and abuse," the shopworn siren of politicians who never seem to cut anything. A cursory review of the federal budget reveals that it is entitlements that are the cause of the overruns and Donald Trump has expressed no inclination whatsoever to cut any entitlement, indeed, he wants to create a whole new entitlement.
Trump's only solution to runaway deficits and mounting and catastrophic debt is to grow our way out of these difficulties which he proposes to do by cutting taxes and increasing economic activity, cutting regulation and increasing economic activity, by renegotiating trade deals and increasing domestic manufacturing activity; and repatriating corporate funds from abroad increasing domestic economic activity.
As to looking to the House and Senate, even if Donald Trump has an epiphany and wants to cut spending, do we really have any hope that Mitch McConnell will go along? He already has scheduled votes on the budget post election in the lame-duck time so that he can increase spending.
We better pray that the economy does grow and we better pray the Janet Yellin keeps interest rates under control so that there can be a "beautiful" rate of growth.
