Trump has suggested the U.S. should default on our debt, and has offered a tax plan that would increase debt by $10 trillion, not counting extra interest payment on the debt. The guy is a nightmare fiscally. And somehow he says he'll balanced thr national budget, which is essentially not feasible with the little he's said about his budgetary plans. It's not possible to be a Trump supporter and claim to be a fiscal conservative.
a growing economy decides the size of the deficit
The economy isn't going to grow with the types of tariffs he's talking about. It's actually going to shrink. The saddest part is those tariffs are going to hurt poor/working class consumers the most.
I know I'm pissing in the wind with most of you trump guys but we need regulatory relief for business not tariffs to improve this economy.
I have to disagree with you, our economy has been in the crapper ever since the least prepared man in the room created all the economic and civil uncertainty.
Once the economic anchor is replaced, we could have a surge. We need leadership and stability and sustained consumer confidence
we haven't suffered through a worse extended period of economic malaise since the 1930's
Beets, can you chill with some of the rapid fire meme posting in every thread? It makes it nearly impossible to have real discussions with people.
every conversation in every thread gets lost down here, and it's not because of beets
NAFTA is good policy even for all its warts.
So is free trade. There will always be populism from the Trump/Sanders axis because the downside of trade disproportionately hurts a large number of people in a small area, while the upside helps everyone across the entire population much more incrementally.
There are tremendous amounts of comparative advantages built up in the global economy. You're not going to change that with tariffs. The best you can do is make it easy to do business in the US, retrain people accordingly and facilitate the acquiring of skilled labor.
The 1950's are over, the world isn't on fire anymore. The US doesn't have the global hegemony in commerce like it used to. We need to adapt and have a forward looking vision.
The fact of the matter is automation and productivity have skyrocketed in manufacturing domestically since NAFTA was signed. And those gains are only going to accelerate going forward with newer technologies like additive manufacturing, nano-tech, automation and robotics. Manufacturing labor is not going to be the way to expand the job force going forward besides in some smaller areas (also agree w/ a lot of Trump's immigration stuff for reasons unrelated to what he is saying, I do think some population control is probably necessary going forward. You don't need tomato pickers when a machine can do it and importing people to do nothing is probably bad policy)
Yeah the changes have been disruptive and it isn't fair to everyone but people need to stop blaming a few politicians for these issues and realize that structural changes are underway and cannot be reversed. 50% of the population used to work in agriculture and crops, now 1% do and food takes up about 1/3rd of a family budget as it used to. Efficiency and technology are our greatest allies to prosperity. Yes it sucks people are being displaced and their livelihoods are being challenged but dynamism and creative destruction leading to innovation is necessary. There are way too many areas of the economy where we eschew long-term solutions for short-term interest (think not developing nuclear power since 3Mile)
The intersection of globalism and technology is the #1 economic issue going forward (maybe resource scarcity but that is another topic for another time and tends to tie in anyway) ..
It's certainly not the only reason, or even the biggest reason, but it doesn't help. I have nothing against beets, that's why I asked nicely. I'd prefer not to have to hunt through 5 consecutive memes to find actual posts. Just my opinion. The fact that you dislike me and my opinions doesn't mean I have to stop sharing them.