we have 20 trillion because lib govt spends too much. China lends us money because libs run budget deficits and pay interest. Do you understand now?
The US does not import cars from China. The last time we tried a steel tariff it did net harm to the US economy. There are ~ 600K steel workers in the US and they most likely make more than $20 per hour. We and the rest of the world import large amounts of clothing from China at low prices. It would also do net harm to the US economy to implement import tariffs on Chinese clothing so that a $20 US labor rate could compete. All of the above hardly adds up to ~ 2 billion jobs. And shows clearly that US trade restrictions on China would cause net harm to the US economy. Do you understand the law of comparative advantage ??
The US is in debt to China for ~ $1.2T. That is more a problem for China than the US. The only way to effectively reduce the national debt is to grow the economy. Hillary's policies of raising taxes on small businesses which use the pass through method would reduce the already pathetic Obama economic growth rates. Trump's policies are based on supply side policies of Reagan and are targeted to result in gdp growth rate of ~ 4% per year.
if the world instantly globalizes and you have 2 billion new jobs at $1 hour that were once done for $20/hour comparative advantage give those who made $20/hour instant unemployment and misery. 1+1=2
wrong of course. It could grow 10% a year and Democrats could spend it all. The only way to reduce the debt is to make it illegal. - - - Updated - - - if so why so afriad to tell us why?
Elect R's who will reduce spending accordingly. The premise is absurd by inspection. The proposed scenario is absurd. It's akin to the suggestion that my cat could sit down in front of the computer tomorrow morning and type out King Lear.
How is it possible for you to use an argument that you don't know the meaning of ?? And what is absurd about electing officials who will reduce spending ?? Are you claiming that there are no politicians out there who will not commit to a reduction in spending ??
The only way to reduce the debt is to make it illegal which is something Republicans have tried to do 30 times in American history and each time the effort was killed by liberals.
The only way to reduce debt is to grow the economy and reduce spending per capita in a reasonable way which Paul Ryan has demonstrated in his Roadmap plans. How is it at all feasible to declare that the $20T national debt is illegal ??
you can grow it all you want but liberals can spend it all x 10. Do you understand? - - - Updated - - - a BBA would make all new debt illegal, and not paying down old debt illegal. 1+1=2
you can grow the economy all you want but liberals can spend it all x 10. Do you understand? a BBA(Balanced Budget Amendment) would make all new debt illegal, and not paying down old debt illegal. 1+1=2
Trump is neither liberal nor conservative. He is a business man, a smart business man. Free trade does not exist, only those "intellectual" theoretical ideologists believe it. China has been cheating the system. Japan is cheating. Mexico is doing similar things.
Debt is necessary in capitalism, --sometimes more than at other times. In 2009 Obama took the money of American citizens and foreign investors to get money to bail out the banks that Bush's recession was killing. The T-bills created added to the national debt. And the only way to pay it off is to get the money from the public. It's the capitalist way of redistributing income from the bottom upward to the top 0.1%. And it will happen again because it must in a capitalist economy, particularly one that is aging and failing and crashing.
And the Canucks are cheating the system, too. And the Democwats! How could we fail to mention the wascally Democwats? Obviously, what this country needs is more nuclear weapons!
More revisionist history. Bush's recession - he had some blame but it was the liberal progressive housing policies that resulted in the housing bubble. Capitalism does not require government debt. Governments cause government debt. Where does this stuff come from ?? That's ridiculous.
So you're still tricked by the "good Party/ bad Party" Bs. LOL!! They have you where they want you!! LOL! Really? Check any corporate financial statement and look for their debt liabilities. Then learn how government creates debt so they can buy goods to send overseas as "foreign aid" and how government bails out business that is "too big to fail". Government spends plenty on business. Where do you think the national debt came from? The public? If it was spent on the public then why do we have stagnant wages for 30 years and corporations seeming to do so well? Look at the stock market. Remember QE1, QE2, etc? Yeah, reality can seem ridiculous sometimes.
An essay I wrote a few years ago: Businesses will sometimes borrow money if interests are favorable to expand production. Businesses will sometimes use their own money reserves to expand production. Businesses will sometimes sell stock to expand production. The median household income has not been stagnant for the last 30 years. Do some homework.
Political parties advocate protectionism because they are whores pandering for votes! And many times they succeed because voters don't seem to possess the wherewithal to think about the long term and wide scope ramifications. At election time we truly show our self-serving colors voting for the candidates who in ignorance we believe will solve all of our problems. Never once does a majority of voters think about the nation as a whole and vote for a candidate who is truly qualified and has the best interest of the USA. We do this term after term and nothing ever changes! The same old problems exist and get worse each year. It's interesting that all of the behaviors of the USA, over the decades, that makes the USA the greatest place on Earth, including imports and exports and trade deals, is according to tens of millions of Americans a failure? I think these so-called Americans should consider this; Did the USA fail them or did they fail the USA...
