My personal viewpoint on it is that if we want to actual tackle the debt in any meaningful way we would need to massive curtail government spending, which would spiral the economy into a massive downturn. The time to genuinely fix the issue was like 10-20 years ago. What do you think happens when the government runs out of creditors?
Okay so who do you think are the largest holders of U.S. debt? Additionally, if you want to curtail spending you do so by not paying $2000 for a towel. Military spending is absurd, to the point that you are ordered to dump ammunition to make it look as though it was used. I’m glad that you didn’t say “cut military aid” because that’s almost entirely munitions that are being phased out and close to expiry.
Around 29 trillion is debt owed to outside entities. Which is the majority of the debt. But yes - military spending should also be cut back. In addition to Medicare and SS, things you and I pay into and will never see because those systems will collapse long before we get to use them.
Want to run that back? If we “deport” (rendition is the legal term for most of these due to country of origin) the immigrants who are paying into these systems which they can not access, maybe. Cutting taxes for the top earners and decreasing services for low income individuals certainly isn’t a solution though. My primary point is his change of tune from last week.