"He cares about deficits, he cares about economic growth and he recognizes that there is a huge connection between the two," said Maya MacGuineas, president of the Committee for a Responsible Federal Budget.
"His 3/3/3 framework is auspicious but would be a tremendous success if achieved," she said, emphasizing the importance of tax cuts being balanced with fiscal responsibility.
The intuition is that, even as the nation continues carrying the cost of debt service from decades of previously accumulated obligations, a primary surplus would mean the U.S. has stopped adding to the pile.
Deficits are currently on track to run in the 6% to 7% of GDP range for years to come, creating an upward spiral that risks much higher interest rates.
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