CASHBACK CURE
08/28/2026 |
The Friday File: The federal government deficit/GDP ratio is 6%. Based on a $32T economy, that’s $2T. Federal government spending is $8T. If we could get the deficit/GDP down to the growth rate in nominal GDP, historically 4%, the debt/GDP ratio wouldn’t rise, fiscal deterioration stops. The easiest way, a 2% cash back government credit card! 2% of $8T is $160B, that about a one-quarter of the way. So easy!