Historic Debt Could Block Trump’s Agenda

Politico: “Trump promised during the campaign that a combination of lower taxes, more energy production, looser regulations and punishing tariffs would generate ‘explosive’ growth to pay down the debt. And government budgets would shrink by ‘trillions,’ he said, with Elon Musk and Vivek Ramaswamy tasked with tackling government waste.”

“But Trump has also vowed that he won’t touch entitlement programs like Social Security and Medicare, which are by far the chief drivers of the debt and are projected to be insolvent by the mid-2030s. Imposing tariffs on imports could trigger reprisals that would harm growth, and even if they didn’t, many economists believe it would take a historic economic boom to meaningfully address the country’s fiscal challenges.”