By instituting common sense “Main Street” economic policies of: pro business, pro investment, pro manufacturing, expanded jobs growth, lowered regulation, enhanced energy development, enlarged exports and reductions in actual federal spending, President Trump has reversed the debt clock and eliminated $100 billion in debt.
This is, yet again, affirmation of what can happen by shifting policy from focusing on Wall Street’s economic engine and emphasizing Main Street’s economic engine.
By growing the economy and creating jobs the benefits are two-fold. More workers equals more taxpayers paying into the system; simultaneously more people working means less people in need of government subsidies. You gain a dollar and have no need to spend a dollar, the federal balance sheet impact is doubled.
You might remember the second quarter GDP rate of growth also doubled the first quarter rising from 1.2% to 2.6%. Trump’s goal was 3% for 2017. Additionally, the stunning thing is President Trump is achieving these objectives DESPITE a congress that is dysfunctional and not supporting his pro-growth economic agenda.
Imagine what could happen if Washington DC actually got on the same page and agreed to get rid of the economic choking ObamaCare and delivered on pro-growth tax reform?
From the article @truthforce: