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CPT Jack Durish
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Edited >1 y ago
Actually, those concerns will be mitigated if America once again creates new wealth. As GDP rises and spending is brought under control (closing extra-constitutional government offices), tax revenues increase and expense are reduced, thus providing real reductions in deficit. Also, as GDP rises, the debt diminishes as a percent of GDP making it less of a factor. Will this happen? Well it seems that the business community believes it might (stock market rising and significant business investments are being announced). Also, the Consumer Confidence Index is rising and retail sales boomed after the election. Now, even the international community is looking happy with the head of the World Bank forecasting the world economy riding the coattails of the revived US economy. Will it all come to fruition? Only time will tell. I am not more prescient than those who lost the election and are now predicting doom.
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MSgt Michael Bischoff
MSgt Michael Bischoff
>1 y
I agree closing done the redunant and frivious offices will help, but trillions in debt! Taxes will help get it down faster, but where and what to tax is trully the question. If the goverment worked on tax reform like it has long time beat around the bush about, but it never seems to have time or the wherewithal to do it.
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CPT Jack Durish
CPT Jack Durish
>1 y
MSgt Michael Bischoff - Don't worry about what to tax. Just reduce tax rates. That has historically increased tax revenues.
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MSgt Michael Bischoff
MSgt Michael Bischoff
>1 y
CPT Jack Durish - But when will the do that is a good question. It seems to very unpopular with congress!
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SFC Senior Civil Engineer/Annuitant
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They better not forget about the budget and deficit. That being said this article really didn’t say much in specifics. It pretty much just wants to stir the pot.
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Capt Retired
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Isn't the modern world great? Now we know what happens before in an era before the era begins.
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