I didn't expect a balanced budget day one. But I had hoped that the deficit would begin to go down and not go up to the trillion dollar range.
I do believe Trump has put the initial pieces in place, and I expect receipts to increase plenty more over the next few years.
What good are increased revenues if expenses grow at an even faster rate? And what if revenues don't continue to increase but spending does? After all, we're going to have a business downturn sooner or later. What then?
Under Reagan, tax receipts doubled. Trouble was, spending tripled.
Yes there are pitfalls. Well have to look out for them.
I still think were headed in the right direction.
Trump has set us on a course to see massive inflow to the treasury. Hes also looking at welfare and trimming expenses.
There will have to be spending on the military also.
Hes on the right track.