To: fortheDeclaration
Most nations are debtor nations, some have more debt to GDP than the U.S
What it has to do with Trump is his ending the bad trade deals that constantly are made for the benefit of the world and not the U.S.
1. You are again confusing trade and trade deficit with one or more countries, with a budget deficit, which is the government spending in excess of government revenue (which results in increasing national debt and which Trump's "economic plan" is going to put on steroids) - they have nothing in common. For example, Japan has trade surplus with the U.S., yet it's debt to GDP is nearly 3 times bigger than U.S.
2. If you think that trade wars or even the threat of them are going to help U.S. economy, or reduce budget deficits, you have little understanding of the basic economic principles or the economic history. I'd recommend excellent book or DVD (4-hours edition) "The Ascent of Money" by Niall Ferguson and almost anything by John Steele Gordon.
49 posted on
03/15/2016 7:00:29 PM PDT by
CutePuppy
(If you don't ask the right questions you may not get the right answers)
To: CutePuppy
I could less about trade deficits which are simply a myth anyway!
The issue in these 'free trade deals' is the erosion of U.S. sovereignty.
50 posted on
03/15/2016 7:19:35 PM PDT by
fortheDeclaration
(Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
To: CutePuppy
Thank you, I am very well versed in economics.
And this isn't about 'trade wars' it is about ending globalism.
51 posted on
03/15/2016 7:20:42 PM PDT by
fortheDeclaration
(Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
To: CutePuppy
And stop posting me your condescending nonsense.
52 posted on
03/15/2016 7:24:33 PM PDT by
fortheDeclaration
(Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
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