But his offence budget, and the wall budget are to be increased. When will Washington start to give it's colonies like the bankrupt California some support, and stop wasting the American tax payers' money on regime changes and banking and pharma profit increases?
Currently, the US is paying about 0.4 trillion in interest payments a year.
The US needs to cut 2-3 trillion a year to control the ever-expanding debt levels.
So make those cuts 27 trillion in 10 years to produce any substantial impact on the US debt.
2.7 will do squat. The debt will double in 10 years to 45 trillion. The interest payments alone will be north of 1 trillion per year as the interest rate has nowhere to go but up.
Tax revenues are at 3 trillion, you do the math. It is like if you were making 30K/year, bought 210K house and were paying 4K in interests on the mortgage and your wife wanted to remodel the home every year, hire gardeners and build a nice, metal fence around your property. But you spend 25K in living expenses, have no money for the renovations and/or for principal payments. What do you do? You borrow more, like 30K/year. So your debt level is increasing every year while you still make 30K/year.
PS. Look at the February deficit, this is a train wreck waiting to happen:
https://www.marketwatch.com/story/us-budget-deficit-widens-to-234-billion-in-february-2019-03-22?siteid=yhoof2&yptr=yahoo
At some point the US is going to be forced into changing things, but for now the politicans are just going to kick the can into the next generation. It's not (at least right now) popular to cut spending to balance the budget, though there will be a time when this has to happen.
Who knows when they see the writing on the wall.
