I agree, and have said so on a number of threads.
We’ve gotten pretty much what we wanted with the tax cuts, and what I consider to be limited spending increases.
This bill signed early this morning limits growth in spending to 2.5% per year over two years.
By Congressional standards, that’s a very paltry sum.
Folks hear $300 to $400 billion, and they go postal without thinking.
Federal tax receipts should about double under trump.
Even if the budget was allowed to go up by this same percentage every two years, it would come in at a little over 20% spending growth in 8 years.
Comparing a 100% increase in tax receipts to a 20% growth in the budget reveals a very large positive move.
Our current budget is $4.09 trillion per year. If that increases by 20% in eight years, it would become $4.91 trillion per year.
Our current tax income is $3.654 trillion per year. If it doubles, it would become $7.38 trillion per hear.
Now, compare that new budget figure in ten years of $4.91 to the new income level $7.38 trillion per year.
This is what we wanted. Folks are now going postal over it.
Strangest thing I’ve observed here.
Trump knows what he is doing. Of that, I am certain.
Already tax receipts are way up for January - the first month of the tax cuts. I believe your scenario of federal income exceeding the budget will pan out if we stay the course. This will allow us to start paying down the staggering national debt.
Key is winning the November mid-terms for Trump. Send some people to Washington that will work with Trump to MAGA. It's all about turnout. Hatred of Trump by the Left will drive their turnout. Love of Trump and MAGA will drive our turnout. Love trumps hate. Wasn't that a campaign slogan? Time to use it against the hateful left.
Yup and its hilarious to hear some Freepers foaming at the mouth over infrastructure and military spending.
I can live with more public works and a stronger military. The budget deal finances no new entitlement - it did reauthorize CHIP.
But mo one is going to be against health insurance for kids.
All in all, Republicans are winning.
Now, its onto the biggest fight of the year: immigration reform and border security.