The government cannot tax its way out of the deficit because mandatory spending (Medicare, pensions) consumes the vast majority of revenue, so tax increases would further burden the private sector while not addressing the core deficit.

factualpending

Speaker

Daniel Lacalle

Evidence Quote

mandatory spending is the problem in the United States and you cannot tax it

Source

Daniel Lacalle: An Economic Warning America & The World Can’t Ignore!Wealthion
Created: 8/12/2026, 10:23:01 PM

My Notes

Loading notes...