I would agree that it is nonsense. Trump wants to do anything he can do push the market forward no matter what the cost, even if it’s a mathematical certainty that it will collapse on the next president watch. Course he would then just say the next president sucks and he was great even though he was responsible for the whole debacle.
You hit the nail on the head. Our last balanced budget was in 2001. Since then, inflation is up 46%, federal tax collections are up 74%, and government spending is up an astounding 121%! We don't have a tax collection problem, we have a spending problem.
Folks are so conventional wisdom we don’t have any problem! We are still milking the ww2 victory and the empire will rein forever. Spending is partly why we are so rich.
Look at numbers. He inherited 1 trillion plus and when he was leaving it was at around 600 billion. Math is easy, just do some subtractions.