Daily Signal News

Donald Trump is the first U.S. President in over 30 years who is seriously talking about reducing the country’s budget deficit, trade deficit and yes, the national debt, which has ballooned to over $37 trillion.    However, he must follow a specific formula, otherwise, it will end in tragedy, argues Victor Davis Hanson on today’s edition of “Victor Davis Hanson: In His Own Words:”     “Jermone Powell, the head of the Fed, will not lower interest rates even though there's been a good jobs report, a good inflation report, a good corporate profits report. GDP is gonna be evaluated, apparently, upward and there's been low energy cost. That mortgage is still 4.25% Fed rate to 4.5%. And that means mortgages are still 6.5%, 7%. And that housing market is slowing as a result.   “So, you've got to get that down. And the way Trump has to do it is just two ways: Either cut the budget or raise taxes—which will strangle the economy—or continue the tax cuts. And hope two things: that the tax cuts—the extension—will p