Granted, I'm not an expert on this, so take what I say with a grain of salt. But, WSJ and CNBC think we need all levers to move the debt, not just one.
Now, there could be an order to this. For example, it probably makes sense to (1) deregulate to promote growth first, (2) then cut spending, (3) then cut interest rates and issue longer term debt to replace shorter term debt, (4) then raise taxes.
Also, there is the 4 year presidential cycle to think about. 1, 2 and 3 could be done under Trump, then do 4 in next presidency. But, Dems may undo 2 and 1 if they win the presidency.
Interestingly, much of this should be the domain of Congress, but Congress doesn't seem to act much even when the majority party matches POTUS...and goes dormant when it doesn't match. POTUS has a lot of power ... so much power that one could consider this a new historical era in the US.
That is a piece of it, but perhaps not a big enough piece to solve it alone.
Replies to: "That is a piece of it, but perhaps not a big enough piece to solve it alone."
- WSJ: When does US debt become genuinely bad? [LINK]
- NedoftheHill - 10:57pm 7/30/25
(14) [View All]
- BBB did not help at all. [NT] - ND521 - 5:41pm 7/31/25
- Some time ago... [NT] - TakethetrainKnute - 8:21am 7/31/25
- The WSJ hates Trump. It’s news pages have been taken over by Politico hacks, and - Cole - 2:45am 7/31/25
- Sure it has, taken over by the deep state. Fool. [NT] - Frank L - 9:46am 7/31/25
- The piece is not an attack on Trump. It is a non-partisan analysis. [NT] - NedoftheHill - 9:12am 7/31/25
- Just like no one is going to stop burning oil when it's abundant, no one will deal with the debt. - iairishcheeks - 12:22am 7/31/25
- You have to produce your way out of this level deficit. That is what trump is trying to do (note the - BaronVonZemo - 1:43am 7/31/25
- That is a piece of it, but perhaps not a big enough piece to solve it alone. - NedoftheHill - 10:10am 7/31/25
- The autoimmune reaction to DOGE proves it is just not feasible for this collection of humans. - iairishcheeks - 10:22am 7/31/25
- Yet the “BBB” adds 3.4 trillion to the national debt. [NT]
- Domer From Hell - 4:14am 7/31/25
- Had to appease many factions as my post stated.- but without fixing in the lower corp tax rates, it - BaronVonZemo - 11:32am 7/31/25
- That is a piece of it, but perhaps not a big enough piece to solve it alone. - NedoftheHill - 10:10am 7/31/25
- You have to produce your way out of this level deficit. That is what trump is trying to do (note the - BaronVonZemo - 1:43am 7/31/25
- It’s a good question - Chris94 - 12:14am 7/31/25
- I'm proud of you. - iairishcheeks - 12:25am 7/31/25
- CNBC: How America's Debt Spiral Could Spark The Next Crisis - NedoftheHill - 11:22pm 7/30/25