I agree. We will see no reduction in the Federal Budget. This debt will crush us, and this cake will be covered with the frosting of high inflation. When this happens, the best investment is VIPSX, inflation protected treasuries.
Yeah. But nobody cares.
The people perpetrating this are going to ride this horse until it drops from exhaustion and dies, then like a flock of Blue Jays absconding with the contents of a bag of peanuts, are going to fly away at high speed in all directions with their booty in their beaks, leaving the rest of us to our devices.
Just how it is going to be.
POTUS is reducing the Federal budget. The other side of the equation is raising tax revenues. Tax revenues have risen 6% since the tax cuts. POTUS has been asking his cabinet to decrease spending 5% across the board. The path to reducing the debt is complicated by our crumbling infrastructure.
If President Trump had had cooperation from Congress the Nation would be further on the road to financial health. The Dems will do all they can to impede this process and push for wasteful spending. POTUS will be using their hunger for spending bills to get the infrastructure our country needs using private/Government partnerships where the Government puts up little of the cash.
I disagree with your premise and IMO if we are both here in 10 years we will be living in a time where the Federal Debt is much lower and the Government downsized and living with in it’s means. TRUMP 2020 or we will not get there.