After WW II, the British and French were economically drained and steeped in debt. They were bankrupt.

We are the old power steeped in debt. So is China steeped in debt.

We could make this work, but there is no public support in the light of day that supports tax increases.

We do not need less debt. We need to grow our economy at a much faster pace to reduce the instability of the debt. The debt-to-real GDP ratio needs to come down for the next three decades. We are not prepared to do this.

You've heard me. I will reiterate, a corporation either gives it to the taxman or the corporation reinvests. Other loopholes are designed to incentivize. At around 50% corporate tax rates, we have very robust growth.

Would have, could have, should have.

Macroeconomic Trends and Risks FAQ

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