Quote:
Originally Posted by Schneed10
Trump may be able to keep this good news going for his entire time in office - if he can keep borrowing to fuel the GDP growth then the getting will stay good while the getting is good.
Eventually though the piper will need to be paid, which might not happen while he's in office, so he won't get blamed. But rest assured his borrowing is setting us up for pain, eventually.
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There are solutions that could help reduce the pain, but neither the republicans, democrats, or honestly - a majority of us citizens - want to talk about significantly reducing the spending side of the equation. Without that serious discussion (not demagogued by both sides) it doesn't matter who is president, or what policies are implemented, the debt will eventually consume the revenue taken in.
This shouldn't be a democrat/republican divide, but instead a baseline look at ALL the spending - defense, social security and government aid programs(domestic). The time for bandaids, like foreign aid reductions, and eliminating fraud/waste, etc, is long past. Not that we don't need to look at those areas too, but they don't make up enough of the budget to have any meaningful effect on the course of the debt issue.