Thu, March 27, 2025
[ Today @ 07:22 AM ] - SunStar
CIT, Unilab host AIa Summit
Wed, March 26, 2025
[ Yesterday Morning ] - Entrepreneur
Future Of Work in an AI Era
Tue, March 25, 2025
Mon, March 24, 2025
Sun, March 23, 2025
Sat, March 22, 2025
Fri, March 21, 2025
Thu, March 20, 2025
Wed, March 19, 2025
Tue, March 18, 2025

How the US Debt, Deficit, Economy and Taxes Will Be Fixed


Published on 2025-03-27 15:02:26 - NextBigFuture
  Print publication without navigation

  • Commerce Secretary Lutnick describes how the US Debt, Deficit, Economy and Taxes will be fixed. The US has been spending $6.5 trillion but taking in $4.5 trillion with a $2 trillion deficit and $37 trillion in debt. However, the US has $500 trillion to $1000 trillion in assets.

The article from NextBigFuture discusses potential solutions to the U.S.'s ongoing issues with debt, deficit, economy, and taxes. It suggests that the U.S. could address these problems through a combination of economic growth, tax reforms, and spending adjustments. Key points include the possibility of implementing a value-added tax (VAT) to increase revenue without significantly impacting the middle class, reducing tax expenditures, and reforming entitlement programs like Social Security and Medicare to ensure their long-term sustainability. The article also mentions the potential for technological advancements and productivity increases to drive economic growth, thereby reducing the debt-to-GDP ratio. Additionally, it highlights the need for bipartisan cooperation to enact these changes, the role of immigration in boosting the economy, and the importance of managing government spending more efficiently. The overall tone is optimistic, suggesting that with the right policies, the U.S. can navigate its fiscal challenges successfully.

Read the Full NextBigFuture Article at:
[ https://www.nextbigfuture.com/2025/03/how-the-us-debt-deficit-economy-and-taxes-will-be-fixed.html ]