I am hopeful the President will champion spending cuts. I am also hopeful he will open the dialogue on changing the trajectory of our mandatory spending programs
I have chronicled in past writings how much heat we took for predicting 4% GDP growth if we would be able to get some form of tax reform in place. Larry Kudlow and Steve Moore took the campaign’s fiscal policy outline and refined it and got it passed through the congress. Recent stock market activity has folks a little spooked, but the stock market is not a good barometer of economic health. What we really need to focus on is managing the national debt. If we do not get our arms around fiscal responsibility, all of the tax cuts in the world are going to come to little consequence.