Deficit spending would have to be permanently stopped. Trump would have to become Milei. And have a legislature which goes along. Super unlikely for all that to happen.
Govt spending needs to be 15-25% of GDP-it should be codified.
as that is the range of taxes collected regardless of the tax code since WWII.
Spending has been over 25% of GDP for years on end and they’ve never collected over 25% of GDP in taxes in one year.
> Super unlikely for all that to happen. <
Yes. Trump needs to return to the White House for many reasons.
But when it comes to the deficit, Trump was part of the problem. He did not veto a single major spending bill. And the deficit rose under him at roughly the same rate as it did under Obama.
Sure, Congress is the main culprit here. No doubt about that. But the buck stops at the Oval Office. One can only hope that Trump 2.0 does better in this regard.