Posted on 04/11/2018 9:33:35 AM PDT by Kaslin
My witticism game is off apparently
The trade impalance addressed by Trump is an important part of the debt crisis. Regaining America’s economic and industrial edge raises the revenue to the government. Better, of course, would be in reducing expenses by, say, eliminating all the unnecessary and oppressive Agencies down to the original four Departments. That would actually solve the crisis but increasing revenue to the government(increasing taxation will reduce revenue) will ameliorate it a bit.
The writer sounds like anti Trump. The article is totally negative and has no hints on what they think Trump should do to reduce the debt, that is in the hands of anti Trump congress.
Which was loudly and continuously trumpeted by all the media outlets for all eight years...oh, wait...
Two ways to get debt down. Earn more, spend less. Trade increases earnings.
Yeah.....riiiiight....
In business he was adept at multi-tasking and delegating responsibility. What makes you think he is any less capable now?
“A price tag of $2.4 trillion in lost wealth to allegedly combat a $376 billion trade deficit with China with tariffs suggests that this might not be the best course of action.”
Is not really wealth if it can be lost over a political utterance.
A one-ounce gold Krugerrand coin remains one ounce of gold.
Tulips are still beautiful, but they no longer fetch astronomical prices.
In the old days one bought stock for a steam of future dividends. At a P/E of 12, it might take twelve years to get your investment back if you were in my current tax bracket and about 17 years at a typical tax bracket.
At current P/Es, you are looking at about 45 years on average to recover one’s “investment” via earnings after tax. One year of trade squabbles is insignificant.
Next, start cutting deadwood at the federal level, brutally. Pruning encourages new growth!
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Trade correction is the sole reasonable solution to the debt situation.
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A one-ounce gold Krugerrand coin continually buys about the same amount of goods.
Cannot say that about fiat ‘wealth.’
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This is the giveaway equation. Wall Street vs Main Street. The only calculus that's important to the writer is the $ concentrated in Wall street's hands not the hollowing out of the Nation's manufacturing sector and the loss of American jobs and the American Dream. Not to mention the weakening of our stance in case of hostilities with a foreign power or the stranglehold they have when we cannot manufacture American defensive necessities in America.
This is no patriot.
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>> “Next, start cutting deadwood at the federal level, brutally.” <<
Amen! (break the federal unions)
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Understatement!
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You ignore the sometimes extreme speculative swings in the price of gold, not just to the upside but to the downside. It does not track inflation. It’s a safe haven in times of economic fear and uncertainty therefore it spikes, then as the fear and uncertainty wanes the price of an ounce declines. This is always exacerbated by speculative buying and selling.
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Speculative spikes and sags are always brief when the price is not falsely controled by legislative fiat.
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No he shouldn’t focus on debt. He sould focus on both trade and debt.
Is it illegal to work on multiple issues at one time?
Medicare Part B really doesn’t cost the federal government very much.
Patients pay a 20% co-pay.
Covered persons pay Medicare Part B premiums meant to cover 25% of federal payouts.
Those are 40% of the Medicare Part B amounts paid to providers.
Then there’s federal income tax on Medicare Part B provider (direct/non-direct) income.
That’s probably about 30% on average of the Medicare Part B amount paid to providers.
The sum of 30% and 40% is 70%, leaving the federal government to subsidize about 30%.
The net cost of the federal government to subsidize $100 billion of Medicare Part B care is about $30 billion annually.
I have a passport. I get my expensive dental care in Mexico. I could get my expensive medical care in France.
exactly. they are the same problem, attempting to live off the largesse of someone else rather than the product of your own labor.
“I think the president should focus attention and energy on this debt crisis”
The spending is pretty much a done deal at this point.
The only option is to grow the revenue by making America great again, from sea to shining sea and not just in NY and SF metropolitan high end residential areas.
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