I'm a believe that if our deficit continues to grow we should start thinking of new ways to deal with such a problem. Thinking out of the box certainly can help. Sept. 2024 Congressional Budget Office.
The cost of servicing the debt rises as interest rates rise and that isn't going to get better without changing course. Rising National Debt Burden
A few simple unvetted ideas...
1. Review all expenditures in alignment with mission/outcomes to maximize the use of public resources
2. Review performance metrics in each institution in alignment with mission/outcomes. i.e. long tail development of institutional management.
3. Invest in net positives that create more wealth (i.e. clusters) in a way that improves the economic principles and quality of life at the same time.
4. Develop an entrepreneurial mindset, strengthen human capital (education/skills) and technology, foster business and FDI.
5. Promote the best and brightest versus most connected to ensure strong management of public resources and commitment to purpose.
6. Continue to think about investment in infrastructure that enhances the speed of economic transactions.
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