Recovering the Economy After the Biden Disaster

We inherited a disaster from the Biden administration. They had literally doubled the budget of almost every agency over the last four years. We are in debt. We can’t just stop spending that debt and expect to pay it all off at once. We have to borrow to get through the rough patch, let Biden’s policies fade away, and let Trump’s policies take hold.

We know for sure that when we made the tax cuts permanent, like we did in 2017, the CBO said we were going to have a $1.5 trillion deficit. But what actually happened was that the economy grew by $1.7 trillion, which is what we ended up collecting in the Treasury. So we have to borrow now to get through this moment.

Those two lines will start to close as Trump’s policies continue to take effect. We’ll see the economy come back strong. We’ll see industry return. We’ll see jobs go up. We’ll see household wages rise. We’ll start to see spending go down.

By the way, this is just the first deficit spending cut, through which we’re reducing $1.5 trillion in deficit spending.