Obama had deficits well over $1 trillion.
Democrats are sabotaging efforts to control spending.
Revenues are up under President Trump. The economy is strong.
Trump is beginning to turn things around despite being sabotaged at e very turn.
True. But that was at a time when the economy was in the toilet. Now we have an economy that stronger than it has been in literally half a century and we're back to trillion dollar deficits. What will deficits be like when there is an economic downturn
Democrats are sabotaging efforts to control spending.
That implies there have been efforts to control spending by Republicans. There hasn't been.
Revenues are up under President Trump. The economy is strong.
And yet the deficit is over one trillion dollars. Why? Because revenue increases are dwarfed by spending increases.
Trump is beginning to turn things around despite being sabotaged at e very turn.
Neither Trump or anyone else in Washington is turning things around where the deficit is concerned.
A POTUS alone can’t solve the debt or deficit spending problem. The electorate and all three branches of government would have to address some tough realities, and the remedies would be extremely unpleasant for many.
Here are some of the steps that would have to be taken.
1. Replace the Federal Reserve with an honest currency system so that fiat money can’t simply be printed out of thin air. The value of Treasury bills, bonds, and other government debt instruments would immediately plunge to zero as people realized the government had no means of repaying the debt. That is the ONLY way to solve the debt problem. Winners: future generations. Losers: anyone holding government debt instruments or receiving entitlements.
2. Eliminate the IRS and replace income taxes with a flat 10% across the board consumption tax.
3. Pass and strictly enforce balanced budget laws. Let congress fight over guns vs. butter decisions and common sense trade policy.
4. Fill the courts with judges and justices who strictly uphold the Constitution.
5. Allow the possibility of state secession. This is the only way to ensure the federal government is subservient to the states and that the union is comprised of WILLING participants.
Do I think any of that will happen? Doubtful. Historically, once great empires have strayed off course, they can never manage course corrections. Instead, they fall and a new empire arises elsewhere. Greatness arises out of suffering - in order to avoid the suffering people are willing to fight and sacrifice - over time and generations when the suffering is forgotten, there is no longer sufficient will or understanding of what must be sacrificed and what must be treasured.
If anyone can inspire this kind of sacrifice it is President Trump, but are there nearly enough people listening?