The Budget Problem
Our national debt is now over $21 trillion, which is over $132,000 for every person in the US labor force. Learn more
Our national debt is now over $21 trillion, which is over $132,000 for every person in the US labor force. Learn more
What does a budget look like that is only 17% of GDP? I provide one example based on what I presented when I ran for Congress. While there is some room for negotiations, when you actually see the numbers, you begin to realize how we will never balance the budget until we first agree to a spending cap and a goal. Learn more
Our country has never been able to sustain tax revenues of more than 18.5% of GDP under any tax policy; the average since WWII is less than 18%. Any proposal to reduce our debt is not serious unless we identify how to lower our spending to less than 18%. Learn more