X @Elon Musk

Fiscal Policy & Debt Management - A large debt/dollar crisis can be prevented by cutting the budget deficit to approximately 3% of GDP [1] - A mix of tax revenue increases and spending decreases is required to sustainably deal with the deficit/debt problem [1] - A balanced approach, such as a 4% increase in tax revenue and a 4% spending cut, would improve the supply/demand balance for US debt [1] - Lower interest rates, resulting from the improved debt supply/demand balance, would help reduce the budget deficit and benefit markets and the economy [1] Political Challenges - Political promises of "no tax increases" and "no benefit cuts" are inconsistent with the need to reduce the budget deficit [1] - Political absolutism prevents representatives from pursuing a balanced approach to deficit reduction [1]