Part 4/10:
Yet, Trump faces two major hurdles that could undermine these ambitious plans. Firstly, the U.S. government’s budget deficit has reached alarming levels, marked by a staggering $1.8 trillion shortfall, reflective of increased spending amid a growing economy. With revenues rising, unsustainable spending on industrial policies and infrastructure, coupled with the retiring baby boomer generation, presents a bleak fiscal outlook. The public debt has crossed the $36 trillion mark, prompting concerns about how Trump could reduce taxes without exacerbating these financial issues.