Dominik Lett
@LettDominik
Deficit Hawk | Kansan | Budget Policy Analyst @CatoInstitute
The "One Big Beautiful Bill" would put the US on a fast track to fiscal decline. Most likely, the bill will add a staggering $6 trillion to the debt over the next 10 years. America deserves better. @CatoInstitute @RominaBoccia
Solid WaPo editorial: "In the long run, tariffs don’t hurt American consumers because they cause inflation or tank the stock market; they hurt because they make it harder for people to get the things they want." washingtonpost.com/opinions/2025/…
This is why the dating scene in Korea is so awesome and everyone there is happy about gender relations, and everyone is getting married and having kids It's the homogeneity 😊
Moreover, this is another reason why the deficit surge is so dangerous. Because govt interest costs skyrocket, and then politicians decide its easier to force the Fed to lower interest rates than to cut spending or raise taxes. But this paralyzes the Fed and brings inflation.
The president says that if the Fed lowered short term rates, interest expenses for the U.S. would fall by $1 trillion per year. The U.S. spent $1.1 trillion on interest expenses in 2024, and so there's almost no way this claim is remotely true.
There’s something deeply unsettling about a president directing foreign countries where to invest in the U.S. economy in exchange for tariff relief. It feels like economic extortion dressed up as industrial planning. Markets—not the president—should allocate capital.
Secretary @HowardLutnick breaks down how Japan lowered their tariff rate on cars by investing $500B into American projects: "The Japanese have bought the ability to be down to 15%, and then @POTUS can invest in the projects he thinks are the most important for America."
The inflation of 2021–22 was not the result of an unpredictable storm of exogenous shocks, but rather the predictable consequence of excessive aggregate demand, fueled by unprecedented policy stimulus. theunseenandtheunsaid.com/p/how-much-did…
Weird that any conservative can look at this chart and conclude that, in the name of fairness, we need to cut taxes on Social Security benefits and exempt seniors from local property taxes. Those policies just accelerate a massive intergenerational wealth redistribution.
The US government taxes younger workers trying to start families, and gives their money to wealthier retirees. There is no moral or economic justification for this abomination.
"We need to make major adjustments to the way we run this country. Spending is driving the U.S. towards a fiscal crisis..." Cato Institute's @LettDominik on why the federal government should look to make more rescissions following a $9 Billion spending cut bill passed by…
Important reminder of how The Washington Post celebrated a major @BarackObama Medicaid proposal in 2012 - limits to the Medicaid provider tax scam. It took 13 years, but Congress finally enacted this important reform in the One Big Beautiful Bill.
SAT| Cato Institute's Dominik Lett (@LettDominik) discusses Congress and Trump administration's record on deficit reduction. Watch live at 8:00am ET!
This is fiscal dominance rhetoric and should be setting off your🚨🚨 🚨macroeconomicpolicynexus.substack.com/p/drifting-tow…
Kevin Warsh touts 'regime change' at Fed and calls for partnership with Treasury cnb.cx/4kHc7yg
It’s really … something … how much attention right now is going to a $9 billion budget cut after passage of a law projected to add +$3 trillion to the debt through tax cuts
I testified today before the @HomelandDems committee. I told them Trump's treatment of immigrants legally here on parole typifies the 3 pillars of his mass deportation agenda: 1) Strip status & citizenship. 2) Arrest without reasonable basis. 3) Deport without due process.
An Orwellian autocrat would INCREASE spending, take control of PBS/NPR, and dictate his preferred nativist programming. Eliminating government funding for what would otherwise be privately funded entities is quite literally the opposite of that and reduces government influence.
Why is Trump so hell-bent on defunding PBS? It’s part of a larger plan — one where he can control not just what we do, but what we think. Watch:
If OBBBA is made permanent and interest rates remain at current levels, debt would breach 200 percent of GDP. If the tariffs go away, it will approach 220 percent of GDP.
While I won't sing the praises of federal education programs like Sotomayor does, at the end of the day if Congress creates and funds an agency the President is bound to faithfully execute Congress' command. This rewrites the Constitution and is pure executive power fetishism.
🚨🚨BREAKING--BOOM: Trump scores another win at SCOTUS. 1/
Tariffs are taxes. Tariffs are regressive taxes. Tariffs are distortionary, regressive taxes. Tariffs are distortionary, regressive taxes that raise prices for US businesses and consumers.