Insight - May 30th, 2023
Insight
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30-May-2023
Today on Insight, John and Josh Rosenstern discuss the potential decision of Congress to suspend the debt limit to January 1st, of 2025. If passed, Brother Josh says this will just mean the government will continue its poor spending habits until we see the 2024 Presidential election over. America needs more organic growth; this being, the more money people earn, the more they will spend. The Rosensterns explain how raising taxes is not beneficial, as more taxation equals less spending by the people. Brother Josh says the IRS needs streamlining, and the Inflation Reduction Act, which targets the wealthy to pay more in taxes. This will only lower the bar that in the end will affect everyone. Many government provision plans are under the micorscope to expire in 2030, one being student loan payments.
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