We are now talking cutting the budget. I think I heard infrastructure is a major target.
My econ theory just hacking about tells me we as a nation fail economically very long term if we cut spending right now.
Why would cutting the budget be a good idea right now? Yes put in a few specific targets but what happens to the entire economy if we cut the budget? And more importantly does the US economy fail to grow quickly for the rest of this decade because we cut the budget? Or would the economy grow faster and why?
YMMV, but Michigan was choking spending on education, infrastructure, and mental health for nearly 40 years, while throwing the money at the “JCs” instead, when one party had a gerrymandered secure grip on the legislature. In 1980, Michigan had 19 Congressional seats. Now, Michigan has 13 Congressional seats. That tells me that all that “supply side” policy produced below average growth.