Washington just passed OBBB, a sprawling tax-and-spend package Trump wanted by July 4th. But classical liberals should think twice before calling it a win.
Economist Stephen Moore has much different take on this matter. Perhaps it all centers on Say's law. Grow the economy and more revenue comes in. Also, the 1BBB (as I prefer to call it) is not the only part of the economic plan. With tariffs and more free trade, the Treasury will take in more than goes out. This happened in the latest data. Also, the impact of DOGE will result in a gentle cascade of change in the Federal government which will reduces costs, but these will take time to appreciate. As to the school choice option, I have heard the debate before, but if the GI BIll worked, why not give this a try? The US education is dominated by unions and the quality of education in the US is a basket case.
Economist Stephen Moore has much different take on this matter. Perhaps it all centers on Say's law. Grow the economy and more revenue comes in. Also, the 1BBB (as I prefer to call it) is not the only part of the economic plan. With tariffs and more free trade, the Treasury will take in more than goes out. This happened in the latest data. Also, the impact of DOGE will result in a gentle cascade of change in the Federal government which will reduces costs, but these will take time to appreciate. As to the school choice option, I have heard the debate before, but if the GI BIll worked, why not give this a try? The US education is dominated by unions and the quality of education in the US is a basket case.