Digging the US out of the debt hole

 Townhall:

According to Forbes, Amazon founder Jeff Bezos is the second richest man in the world. The only people who are more wealthy are Elon Musk, who has a Tesla, SpaceX, Boring Company, Neuralink, and Solar City empires. So, it is worth paying attention to when these two barons agree that America must take action to dig our way out of the debt hole that was created.

Bezos made noise at a recent New York Times Deal Book Summit by expressing optimism about incoming President Donald Trump’s approach to reducing regulation, saying about the second Trump presidency, “I’m very hopeful that he seems to have a lot of energy around reducing regulation and my point of view, if I can help him do that I’m going to help him because we do have too much regulation in this country. This country is so set up to grow. By the way, all of our economic problems if you look at the deficit, the national debt, and how gigantic it is as a portion of GDP. These are real long-term problems, and you get out of them by out-growing them. You are going to solve the national debt problem by making it a smaller percentage of GDP, not by shrinking the national debt, but by growing the GDP.”

What a victory. Jeff Bezos, the owner of the Washington Post, declared the national debt a major problem and identified reducing regulation as a key element of growing our economy to meet that challenge.

However, Elon Musk’s Department of Government Efficiency focuses on cutting the size and scope of government to control the debt. This includes identifying unconstitutional regulations and killing economic growth without a resulting benefit worth the cost.
...

Bezos and Musk are currently the most successful businessmen in the world.   Trump is also a successful person.  Together they should have a good shot of fixing what has gone wrong in the US.  What we do know is that Bidenomics has been a disaster.  Reckless spending is the cause of inflation.  Getting spending under control is job one.

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