Quote Originally Posted by Oscar77 View Post
Except he will cut the deficit.
According to the CBO, to the tune of 4 Trillion Dollars.
Here: https://www.cbo.gov/publication/61697.

You are forgetting or ignoring the impact/revenue of the Tariffs.
Those monies collected will go to reducing the deficit.

And as a "common American" he has helped me immensely.
Maybe not you, but for me and my family 100%- thank you Pres Trump.
Projected increased to the "BBB" (big borrowing bill?) is 3.4 Trillion, which coincidentally matches the exact same revenue estimation of the tarrifs. They generously estimated another 700 billion in interest reduction due to deficit payoff, which isn't going to happen.

This is akin to a guy announcing he's going to pay off his credit card debt of $324,000 because he made a $100 payment, which he says counts for an extra $14 in interest saved, all while charging an additional $125 to the same cards.

Fun fact: The national debt now amounts to $324,000 per US. Taxpayer.

Tarriff revenue is coming in. If it would reduce the deficit, you'd see those charts I just posted for monthly spending at least climbing slower than prior years? Sadly, it isn't. Deficit spending has increased.

Every dollar of added revenue with this admin is already an additional dollar spent, often with another dime borrowed. None is servicing deficit.

Tarriffs do ultimately affect inflation, though. It isn't free money, it is a Colorado-style backdoor tax on regular citizens. It just has some lag time before you really feel it.