Top banking heads at the Institute of International Finance (IIF) are sounding the alarm over the national debt’s future under President-elect Trump’s economic plan. They’re warning of a debt “explosion,” claiming Trump’s tax cuts could send America’s debt-to-GDP ratio skyrocketing to 135 percent within a decade. And, of course, the predictable concern is inflation — that Trump’s made-in-America tariffs and stimulus spending will somehow “stoke inflation,” sending our economy into a tailspin.
But here’s what they’re not telling you. Trump’s plan is simple and logical: Put Americans and American businesses first. Yes, that means cutting taxes to stimulate the economy and making sure imported goods — especially the cheap stuff flooding our markets from overseas — pay their fair share. This is basic, patriotic economics. And, contrary to what the Washington elites tell you, it’s about creating growth and jobs right here at home.
The IIF’s analysts are also worried about Trump’s plans to raise tariffs on foreign-made goods. Apparently, they think a few extra cents on cheap imports is going to break the bank. But what Trump understands, and what the left pretends not to see, is that a little tariff pressure on foreign goods encourages American companies to bring jobs back home and helps stimulate local manufacturing. When Americans work and produce goods here, our economy becomes more self-sustaining and less reliant on volatile global markets. That’s how you grow an economy from the ground up, not by sucking up to globalists who would rather see our jobs shipped off to the lowest bidder.
Now, for the Fed, which is supposedly fretting about Trump’s fiscal expansion, keep in mind this is the same Fed that’s been manipulating interest rates down to zero for years to help out Wall Street. But the IIF’s analysts want us to believe that the Fed suddenly has to rethink rate cuts because of inflation “risks.” Let’s be real: these so-called experts just don’t like Trump’s America First policies, period.
Then, there’s Elon Musk, who Trump wisely tapped to lead a new government efficiency program. Musk has floated the idea of saving the government up to $2 trillion by cutting waste and streamlining operations. But naturally, some “experts” like Paul Mortimer-Lee are wringing their hands, suggesting this would “decimate” public programs. Well, here’s a thought: maybe it’s time to finally trim some of that bloated federal bureaucracy that hasn’t seen a budget cut since disco was popular.
For decades, we’ve watched these elite financial institutions get it wrong, underestimating the American people and overestimating the need for Big Government. What the IIF isn’t counting on is Trump’s plan to make America fiscally strong by focusing on real growth. They just can’t imagine an economy where people work, businesses thrive, and federal waste doesn’t drown the taxpayer. Trump’s plan is about putting money back in American pockets, where it belongs, not feeding the insatiable appetite of Washington’s bureaucracy.
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