May 01, 2023

Better Republican Messaging Method, Otherwise Democrat Madness

8 minutes

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There is nothing extremist about Trump’s MAGA. There is nothing extremist about McCarthy’s new bill. Republicans need to successfully deliver that message and win this fight on the battlefield of economics where it belongs.

To cut the projected debt by about $4.5 trillion, the House Republican deal proposes very few actual cuts other than a roll back to last year’s extravagant levels

Unless the US government brings its unprecedented spending spree and burgeoning national debt under control, Americans face a grim and prolonged back to the 1970s stagflation future of soaring interest rates, plunging wages, a prolonged bear market and devastated 401(k)s, and, as sure as night follows day, far more Draconian cutbacks in government services.

The inflation part of the current stagflation equation is being largely driven by a “demand-pull inflation” almost entirely the result of the Biden regime’s massive and repeated fiscal stimuli and government overspending.

Unless House Republicans prevail in this current debt limit confrontation, our national debt will continue to balloon, service on that debt will eat an ever-increasing share of our tax revenues, and every dollar that goes to debt service – and many of those dollars flow abroad in a wealth transfer to foreigners like Communist China – is a dollar NOT spent on serving the needs of Main Street Americans.

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