Part 3/8:
The suggested reforms advocate for slashing regulations and government spending by approximately 3-4% of the economy—potentially saving upwards of a trillion dollars. This reduction aims not only to catalyze economic growth, potentially reaching real GDP growth rates of 4-5%, but also to alleviate the burden of government debt. A decrease from a 2 trillion to a 1 trillion deficit would ultimately result in lower interest rates, making debt payments more manageable for ordinary citizens.