Are these reasonable and attainable goals for the American economy?

The Fifty States’ GDP was over 25 trillion dollars in 2023 – last year for which we have found data online. According to the Congressional Budget Office, the US FedGov deficit was 1.6 trillion dollars or 6.3 percent of the GDP. Total FedGov spending was a staggering 6.1 trillion, or 23% of the GDP.

That is $20,333 per man, woman, and child in the Fifty States.And as www.usdebtclock.org tells us, the total federal debt is equal to $107,095/citizen, or $323,056/taxpayer.

This is (not just in our opinion here at TPOL) a source of great worry. And an absolutely incredible condition. This amount is not the total federal spending – or the total federal debt. This is just a single year. Now, we know that for the average FedGov employee, making $106,000 a year, this is only a fifth (20%) of their income. But for millions and millions of Americans, this is a much larger part of their income.

(You’d think even the average fedgov employee might be a bit fearful of that.)

At the mandated federal minimum wage of $7.25/hour, assuming a full-time annual employment of 2,080 hours? That $20,333 is 25% larger than their $15,080 a year wages. And remember, this isn’t the total federal debt (somewhere around $36 trillion!!!). This is just last year’s debt. This year, with almost four months of Bidenomics? No matter what Trump, Vance, and Musk do, that debt is going to grow and the fedgov will continue to consume – spend and waste – trillions of dollars.

Treasury Secretary-designate Scott Bessent, an investor and hedge fund manager, was confirmed after his act before the Senate Finance Committee: the Senate accepted him by 68 to 29. So he sailed through the process. There’s no controversy following him around — although he ought to have faced a pointed question or two about his long history with the billionaire do-gooder George Soros. The mere lopsided nature of the Senate vote is a warning signal that this man may be part of the problem: an ally or actual member of the Deep State corporatism that has done so much to create this mess.

Can Trump expect loyalty to the MAGA cause from Bessent like RFK Jr has pledged? Or are they both weasels in the henhouse? It has been pointed out that for months this guy Bessent has been pushing his “3-3-3 economic program.” and now he is started to seemingly contradict Trump’s economic objectives.

What is the 3-3-3 (other than half the feared 6-6-6 mystical number of fear)? It has three goals all involving the number three…

• Cutting the federal budget deficit to an amount that’s 3% of GDP: that is, more than half.
• 3% GDP growth by the final year of Trump’s term. Is that just pie in the sky?
• Growth in energy production equivalent to 3 million barrels of oil per day. (We produced about 22 million in 2023; probably a bit less in 2024, courtesy of Uncle Joe’s actions.)

Leaving aside the oil and gas (which is greatly affected by the Treasury Department in this messed-up system of ours), the first two numbers are worrisome.

First, while 3% is much better than 6.3% – that is still a staggering deficit of 750 billion dollars a year that ultimately someone is going to have to pay. Because, of course, the federal “national” debt is just going to go UP in FY2025. Even if DOGE works miracles and comes up with a cool trillion in savings.

But the second number is very important. You see, the GDP includes government spending. Not just the fedgov shoveling out the dollars but State and local government. The total? An absolutely stupifying $12+ trillion per year.

12,000,000,000,000+

So every dollar of fedgov (and other government) spending will have to be replaced by about two dollars of private spending. All too much of which is using borrowed money. So it may be very difficult to achieve both of these numbers. Without other very nasty consequences.

But the real point to notice is that these goals will not, by themselves, improve the current or future lives of Americans significantly. Or significantly ensure the continued survival of these United States – much less the restoration of a true federation with liberty. Or prevent a Total Collapse – and probably not just of the States but of Western Civilization – and global society. We are at that desperate a point, according to many.

So to answer our question? No, these are NOT reasonable and obtainable goals. Not because they are excessive or extreme. But because they are not enough.

Drastic circumstances require very drastic measures to deal with the challenge. It is possible to do so. But… do we have the will to do so?

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Source: https://freedombunker.com/2025/02/03/are-these-reasonable-and-attainable-goals-for-the-american-economy/