Wouldn’t they need to balance a budget first?
Not in my lifetime
Not in my lifetime
Were you alive in the mid to late 90s? A string of balanced budgets and surpluses. There are new problems and no dot com bubble right now but most Americans were alive the last time we had balanced budgets. It is quite possible.
It was possible. That’s not the same as saying it is still possible at this debt level with the massive shortfalls in social security and other entitlements.
I do not think it’s possible without also seriously eroding the debt burden through sustained higher inflation. That horse has left the barn.