President Needs to Start Talking About Cuts
Nationally Syndicated Host Dan Celia: Trump Must Begin Telling Base How He Will Take Care of Debt, Which Will Improve Markets
PHILADELPHIA—When President Donald Trump signed a major budget deal into law last week, it may have been a temporary fix for government shutdown, but the spending continues.
In fact, Trump claimed Republicans were “forced to increase spending” in order to attract Democratic votes, CNN reported.
Nationally syndicated host and biblical investing authority Dan Celia says President Trump should start talking about where he will make cuts before spending gets even more out of control. He must begin telling his base how he will take care of debt, which will, in turn, improve the markets.
“The time for cuts is now,” Celia said. “Except for the Department of Defense, the president has to shake out duplicity and get rid of a couple departments. When he is asked what he’s doing about the deficit, he avoids the question and talks about growth. I’m all for growth too, and the economy needs it, but we also need good fiscal policies and spending cuts for the prosperity of future generations.”
Few remember, Celia added, that Ronald Reagan required every department to cut spending, with the exception of defense.
“There was no option,” Celia said. “And once those departments started looking at their budgets and where to trim the waste, most actually cut more than what was excepted. Toward the end of Reagan’s presidency, the economy improved because the government became smaller.
“There is opportunity for sovereign growth if we cut the size of our government,” Celia continued. “It’s possible to get to the same place where Norway is—with more money than they can spend. Norway has the highest sovereign wealth in the world, and the U.S. can aim for this, but not without smaller government.”
Celia leads Financial Issues Stewardship Ministries (FISM, www.financialissues.org). His program, “Financial Issues,” airs from 9 a.m. to noon EST Monday through Friday on about 640 radio stations and several television networks, including NRBTV. Watch live here.
Read more about Celia, FISM and “Financial Issues” here or visit the FISM web site, its Facebook page, on YouTube at Financial Issues with Dan Celia or on Twitter @financialissues; download the FISM app here.