It will be interesting to see whether there is any fiscal stimulus beyond extension of the tax cuts, which would keep the status quo. The reconciliation rules state that beyond ten years any bill has to be neutral in terms of the deficit. So if the 2017 tax cuts are made permanent, I'm not sure what the offset will be beyond ten years. Maybe they will have to sunset again. There's also the question of inflation, which proved to be a political killer of whoever presided over it. If you're a Republican Senator up for re-election in 2028 or 2030 post-Trump, you might fear inflation more than you fear Trump.
FYI. Federal revenues have increased from about $2 Trillion in 2000 to $5+ Trillion in 2024. We do not have a revenue problem. Spend has increased from about $2 Trillion in 2000 to $7+ Trillion in 2024. We do have a spending problem. I am less interested in what Trump does in terms of tax cuts when compared to what he will (or won't) do when it comes to spending. My guess is that he won't curtail spend any more than President Biden, Trump, or Obama ... before him. Your thoughts?
You probably know the old adage that you cannot grow yourself in to a bad balance sheet when corporate restructuring is on the table. Yes, growth necessary, but so is having a cost structure that makes sense. Wgovy and other GLP-1 agonists just not available. Gov needs to institute growth policies but at same time must reign in the expense side . Growth if Medicare and SS expenses have to be slowed as the Evil Twins that they are will eat us alive; an irony since they are suppose to be aids to us.
he won't. no one has the bravery to curtail spending. the reason we have a revenue problem is our spending problem!!
It will be interesting to see whether there is any fiscal stimulus beyond extension of the tax cuts, which would keep the status quo. The reconciliation rules state that beyond ten years any bill has to be neutral in terms of the deficit. So if the 2017 tax cuts are made permanent, I'm not sure what the offset will be beyond ten years. Maybe they will have to sunset again. There's also the question of inflation, which proved to be a political killer of whoever presided over it. If you're a Republican Senator up for re-election in 2028 or 2030 post-Trump, you might fear inflation more than you fear Trump.
FYI. Federal revenues have increased from about $2 Trillion in 2000 to $5+ Trillion in 2024. We do not have a revenue problem. Spend has increased from about $2 Trillion in 2000 to $7+ Trillion in 2024. We do have a spending problem. I am less interested in what Trump does in terms of tax cuts when compared to what he will (or won't) do when it comes to spending. My guess is that he won't curtail spend any more than President Biden, Trump, or Obama ... before him. Your thoughts?
You probably know the old adage that you cannot grow yourself in to a bad balance sheet when corporate restructuring is on the table. Yes, growth necessary, but so is having a cost structure that makes sense. Wgovy and other GLP-1 agonists just not available. Gov needs to institute growth policies but at same time must reign in the expense side . Growth if Medicare and SS expenses have to be slowed as the Evil Twins that they are will eat us alive; an irony since they are suppose to be aids to us.