“THE DOCTRINE SHIFT: Trump Declares “The Deficit Ends Now” (TRUMP )
Trump’s declaration would signal a major fiscal shift, not an instant end to the U.S. deficit.
Eliminating deficits requires deep spending cuts, likely focused on discretionary programs rather than politically sensitive entitlements like Social Security.
Tariff expansion would be used to raise revenue, though this risks inflation and trade retaliation.
The strategy would also rely heavily on economic growth through tax cuts and deregulation, which historically has not fully closed deficits.
Rising interest costs on existing debt remain a major obstacle.
Overall, the statement represents policy intent and fiscal nationalism, not an immediate budget reality.

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