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That would be dumb. The whole plan is to let the working class pay it off.I think that if conservatives care so much about this, they should donate their own money on an individual, charitable basis.
Gifts to Reduce the Public Debt — TreasuryDirect
www.treasurydirect.gov
The CBO's deficit reduction estimate relies on the assumption that the people of the US will happily pay much higher prices for goods. We'll see about that.
Your reasoning is sound. I am certain the next President will reduce the tariffs to around where they were before. Tariffs never were to pay off the debt but rather to give some tax relief to the richest and some select groups like those who have tip income, seniors who are middle class, (not poor) and those in the middle class that buy new cars through interest deductions. Most are going to be hurt though, and I still predict the richest will be hurt the most. I say this based on extreme income inequality and what happens when things start to turn down. Both of which occurred in the Great Depression and are also occurring now.
Forget about the next President of the US. The current President doesn't know what the tariff will be next quarter, yet some are already calculating the next 10 years of revenue generated by this tariff.
Yes, plus it is impossible to know exactly how consumers and producers will react. If consumers are tight and producers shift production, the tariff revenue will be hard to forecast even if they were steady.
The CBO does 10-year projections of all kinds of policies. That's their job.
