Getting America’s finances back on track seems completely achievable

💯

In FY 2028 mandatory spending plus interest will be ~$5.9T according to CBO. Spending $6T in FY 29 as shown in the chart would require zeroing out all defense and discretionary spending.

This isn’t serious analysis. Mandatory spend will grow by $1.5trn + inflation will grow discretionary by $0.5trn. Creating a graph to cuts $3trn w/out providing any detail on how is unserious. Plus including COVID inflation years as proof that Trump tax cuts led to above average receipt growth is just poor analysis. From 16-19, receipts grew by just 1.8%. Then COVID hit and we responded with huge stimulus that led to high employment & inflation causing receipts to skyrocket in 21 & 22.

Because your preferred candidate lost.

I’m default skeptical of anyone who says we can balance the budget cutting spending and doesn’t explicitly say what spending they would cut. Americans love the idea of tax cuts, but hate the reality of cutting the stuff you’d have to (healthcare, retirement, and military), which both parties seem to understand because they don’t do it. IMO the Reagan thesis that we can starve the beast has been proven false. The “good” news is there are two sides to the ledger and we’d solve this pretty quickly reverting to Carter-era tax rates, so personally I’d bet on that being the long-term solve.

Only one problem. It will require the removal of the phrase “people will literally die because of this…”

This is a good video, but weren’t you supporting Kamala? And didn’t she manage to blow through 1.5 billion in record time and still end up in debt? In what world would she have made any progress balancing the budget with that approach to spending? Unclear about your values

“You could say the government spends like drunken sailors, but that would be unfair to drunken sailors, because the sailors are spending their own money.” - @RonaldReagan

What’s awesome is we’ll get credit for it in the bond markets by just getting started.