With $16T+ in government debt is this even possible mathematically?
RE: With $16T+ in government debt is this even possible mathematically?
The idea is to GROW the economy and SHRINK government.
The Supply Side principles ( which Ronald Reagan adopted ) When you cut taxes and make it attractive for businesses to hire and get started, the whole economic pie becomes LARGER, creating more tax payers and thus, helping to pay off the debt.
TAX CUTS + LESS GOVERNMENT SPENDING. That’s the idea.
What we have today unfortunately is TAX INCREASES + MORE GOVERNMENT SPENDING. Is it any wonder why Obama DOUBLED our debt in just 6 years?