Day 3, he files for bankruptcy, defaulting on interest payments on the U.S. debt. Good luck, China and Japan!
PS Wouldn’t we be better off abolishing HHS and Dept of Education altogether? But what do I know, I’m just another stupid immigrant.
Abolishing HHS and the Dept of Education would require an Act of Congress. Those agencies were established by Congress.
[However, longer term, the President can COMBINE agencies. And then start reducing head count.]
BUT, on the other hand, since the Cabinet Secretaries of those departments report to the President, then until such time as Congress acts, then the President can appoint secretaries to his liking and then direct them in certain directions.
In addition, the President CAN balance the budget … by limiting spending. AND by exhorting the Congress to pass his tax percentage changes.
One of the proposed changes is a modest tax, 10% or 15%, on money that is held off-shore, … said to be $2 Trillion … and the tax revenues on that would help a lot.
AND, if that money is brought back to the USA, then it would be either reinvested here, creating new jobs, and / or paid to shareholders in dividends, which is taxed or both.
Both candidates have proposed infrastructure improvements.
However words to those effects were used in 2009 and we got NOTHING for 3/4 Trillion Dollars.
But there are other ways to improving infrastructure, without the Feds having to pick and choose, and go to Congress for debate and paying for it.
For example, you can encourage the establishment of independent airport authorities, seaport authorities, bridge authorities, highway authorities, water & waste authorities, that can issue tax exempt bonds. They have in the past moved 10 times faster than any of the government agencies at Federal or state levels.
Those independent authorities typically report to their own boards of directors, but the minutes by which projects are approved must be signed by the governor of the state or both governors where two states are involved. And they move very fast.
The president can also stop hiring new people at the Federal level. As people retire, the budget requirements drop fast. A LOT of people retire each year.