Any chance you could conjure a rational thought? :-)
If Trump plays hardball with the Chinese, Japanese and others over their currency manipulations, then that implies the value of those currencies must rise vis a vis the U.S. Dollar.
This is, in effect, a dollar devaluation—really good for U.S. manufacturing and other exports, because it makes our prices more competitive around the world as well as here at home.
Of course, the price of stuff made other places will rise . . . but, if all goes as planned, the manufacturing capacity will rapidly build up again in America to replace that supply, and of course Americans will have a far stronger economy. A little pain for a lot of gain.
BUT HERE’S THE POINT: A dollar devaluation also means that all debts can be paid off with cheaper dollars.
THIS IS NOT A DEFAULT . . . but it has some of the same effect. I think this is the strategy behind Trump’s claim the national debt can be paid down in a reasonable number of years.
IT IS REALLY THE ONLY WAY THAT MAKES SENSE FOR AMERICA!!!
Things didn’t go your way so it must be a conspiracy, eh?
Default or no default the UNIPARTY should be in federal prison. Trump is blameless in this debacle we are in, from foreign policy to fiscal policy.
Anything is possible. My “gut” says not. Whatever I think about Trump, nasty deviance is not part of it. It’s funny, I never expected it, but I trust him when he says he wants good things for Americans. Can he do it? I don’t know. But I no longer believe that Republicans, even Rush, want good things for Anericans. So what I believe about Trump is significant.
How exactly did Trump manage to get his millions of supporters, of all races and party affiliations, to go along with this far fetched conspiracy?
Let's see: Ignoring other obligations, the National Debt is about $19.1 trillion. The government took in $3.25 trillion last year and spent $3.69 trillion. If they raised taxes by 12% and dropped expenditures by 12%, we could pay off the debt in about 50 years.
You're right. that will never happen.
But if we raised taxes by 6% and dropped expenditures by 6%, we could eliminate the deficit, so that the debt would stop growing. Then if inflation in the next 50 years is the same as the last 50, the $19.1 trillion will turn into the current equivalent of $2.5 trillion: i.e. we will inflate away 87% of it.
Yes, a great number of Trump supporters are conspiring to have him elected over the opposition of the elite politicians, MSM, globalists, crony capitalists etc.
So the very people who were trying to stop Trump from even being the nominee are actually planning to blame him for the debt crash coming?
Devious... Completely devious / S
Oh good grief...this is Alex Jones type of bull sh*t!
Are you a “coast to coast” regular?
The entire reason for the illegal immigrant influx, letting the Sauds control our Middle East policy and selling our industry to China is because those foriegn countries bought our debt notes and also because the Feds need more revenue streams (taxpayers) to pay the debt interest. They thought the entire ridiculous house of debt could continue long enough to install a world government. Trump has frightened the foriegn countries cause he may just dump the whole rotten and corrupt deal. They were expecting Hillary the Great to be coronated. That is why all the foriegn contributions to the Clinton Foundation occurred.
Yes but not for the reasons you are stating.
Hillary Clinton deliberately evading IT security laws and information handling rules to avoid anything she typed being subpoenaed IS a real conspiracy.
Trump’s run, in a field of almost 20 contenders, is not.
Hanlon’s Razor would provide a more likely explanation.
But absolutely Trump is correct in trying to negotiate a discount on paying down our debt. It is good business. It does not reflect badly on the US. On the contrary, it shows that we've finally got a powerful negotiator in charge and not some idiot politician in charge who know nothing about negotiating a good deal for the US.
No a default is not inevitable.
If we put Americans back to work again, we can reduce the debt and lower taxes.
If anything, I would have to say the opposite: now that it looks as though Trump will be the next President, the establishment will decide that this will be the time for the giant ponzi scheme to fail.
Some of you folks won't be happy unless Hillary gets to follow Obama in the WH.
Wake up, pull your head out and don't forget to wash behind your ears.....