Yesterday, 11:13 AM
I think what's getting everyone all excited is that Ron Paul is finally, after all of these years, getting some credibility here from some people in actual positions of power that can do something to make changes.
This is of course a good thing because it's a step forward for sure, but one should proceed with cautious optimism and here is why...
Trump has never shown any indication he wants to cut back spending. And his plan to deal with the debt is to "grow" our way out of it which doesn't work mathematically.
Also it's campaign season so there is a lot of 'irrational exuberance' circulating especially since it appears the Democrats will lose. In short, it's a lot of hot air, granted it's really good hot air, but that's all it is at this time. Trump doesn't have a good track record on spending and there is no real indication that will change. I hope he does, but I wouldn't bet a dollar on it.
And, even if Trump and Elon want to take a metaphorical machete to start downsizing the federal government, they are not dictators, and they can only do so much from the Executive branch. Congress has to go along with a lot of it which they of course won't do. This is probably what Trump is mostly referring to when he said he wants outgrow the debt, reducing regulation or just not enforcing it, and let the economy go wild. This will be good but will likely also cause more inflation.
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