How to fix the US and watch prosperity explode for everyone more than anyone can imagine:
1. Force a balanced budget constitutional amendment through a convention of the states (don’t need Congress). Spending gets cut to equal tax revenue, no more deficit.
2. Refinance the national debt with the Fed to lower the interest rate and reduce the net interest cost (Fed sends profits back to treasury). This frees up $1 Trillion in spending so Step 1 isn’t as painful
3. Dissolve the Fed, allowing the free market to regulate banks and set interest rates again. If banks take too much risk they fail. The price of money will be set by supply and demand so no more long term inflation.
4. Replace the entire tax code with a flat 15% sales tax (collected and paid by businesses). This frees up brain drain of tax industry, is revenue neutral, stops punishing income/earning/investing/saving and taxes the top more than the bottom (top 1% does 50% of spending).
Results: Inflation disappears. Jobs and earnings explode. Housing, education, food, cars, all become affordable again. The financial situation of the government gets better over time, not worse. Our children have a brighter future ahead than we do, instead of a worse one. Wealth flows in, gets multiplied, and the unbearable tumor of the government on our economy’s shoulders shrinks into obscurity.
"I would sit down with the American people- like a fireside chat- and I would say:
'Listen, something extraordinary is going to happen over the next month-
And the reason its happening is because your leaders have been lying to you for the last 80 years...
We're gonna get rid of the debt...
The effects of this are going to be very inflationary...
It is going to be most painful to those.... that benefitted the most from this arrangement:
Washington, Wall Street, and retirees-
And it is going to be least painful for those who were hurt most by this arrangement:
The working class, the middle class...'"
- @LukeGromen, in discussion with @JackFarley96
The 10yr yield couldn’t be clearer…
Bessent takes office vs. Iran War starts.
Complete trend reversal.
The Trump administration is sacrificing their own domestic agenda for a foreign war.
After two former first round NBA draft picks declared for @wnba draft, the WNBA’s commissioner says the league will be meeting to review what a woman is for purposes of league eligibility. These meetings need to be streamed live. That’s must see TV. https://t.co/wEdwVa05Up