How will we be able to ever surmount the extraordinary U.S. debt? Despite what the politicians on the left say and the Federal Reserve attempts to reassure us, there is probably only one way governments do it. Inflation. Governments inflate themselves out of the debt.
Jobs and a booming economy can produce tax revenues without increasing tax rates. But I’m talking 7% to 10% growth not 2%.
You can be sure of certain events that never happen. You cannot tax yourself out of debt. It has never been done before.
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