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News Link • Government Debt & Financing

How To Cut $2 Trillion of Fat, Muscle and Bone From the Federal Budget

• LewRockwell.com - David Stockman

In fact, the soaring public debt is now so out-of-control that the Federal budget threatens to become a self-fueling financial doomsday machine. So more power to the DOGE of Musk & Ramaswamy. In spades!

For want of doubt, just recall this sequence. When Ronald Reagan was elected in 1980 on a call to bring the nation's inflationary budget under control, the public debt was $1 trillion.

By the time Donald Trump was elected the first time it had erupted to $20 trillion, which has now become $36 trillion. And under current built-in spending and tax policies it will hit $60 trillion by the end of the current 10-year budget window.


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