Posted on 04/06/2025 12:08:38 PM PDT by RandFan
Having to pass a debt limit increase every six months or so would mean Cory Booker and his Senate accomplices would have to give Republicans an opportunity to accomplish something every six months or so.
By giving Trump and Congress a $5 trillion national ‘credit card’ charge limit increase means $5 trillion will probably get squandered without any needed change.
They will come back if they dont codify it
Not the cuts upheld by the courts, which most ultimately will be.
And, no, I haven't seen Paul praise Trump for DOGE.
“aiming to boost economic growth”
When I was younger I worked to the max.
“to buy Boeing jets or Ford autos from us”
A country that doesn’t need drugs, ambulances or police cars is not known to me.
Does the country use toilet paper? ruled school paper? pens? bleach? plastic bottles? school books? table salt? aluminum foil? ketchup? mustard? lumber? saw blades? washing machines? copper wire? flower seeds? pesticides? water heaters? PVC pipe? solder?
“PS: hypocrites like Rand Small lament tariff which will automatically decrease the deficit by at least 1/5 ( $1B/day in new revenue ).”
Rand Paul lovers sure post a lot. They are wishing for the death of America. The Debt ceiling means nothing if the economy grows due to lower inflation (which it will once inflation decreases due to energy costs falling), with the extra 5 trillion in manufacturing added plants in chips/oil/automobiles/steel/AI/etc., and the over 50 countries that are now renegotiating free trade agreements allowing more American exports.
Besides the economy growing and manufacturing returning DOGE is also reducing spending by over 500 Billion along this year.
Rand Paul lovers hate the idea of a strong America that will not allow other countries to rape the American Manufacturers and farmers. Sadly they are to stupid to realize the only way to save the country is through strong growth and eliminating wasteful spending.
They have no idea what a strong president can do. The examples of weak presidents both Republican and Democrats are no longer the norm. We have a bold president willing to do bold things that have always needed to be done.
Window glass?
What’s that?
Plastic screen to keep the flies out?
Are you some sort of billionaire?
“A country that doesn’t need drugs, ambulances or police cars.”
“The vast majority of brand-name prescription drugs sold in US pharmacies are made overseas and imported by their marketers” , even if they have an American brand name. So why would some little country have to buy drugs from the U.S. They don’t need to.
Ambulances or police cars? Nothing special about American versions.
“And what if we use it as a bridge finance to, say, buy back some of the 5% bonds and then sell 1% bonds? “
The rate we have to pay on bonds is not set by our whim. It’s set by at what interest rate will get the buyers to buy. Who is going to buy 1% bonds???, and how and why would they get priced at `1%??
Their point is; "You might by only 5,000 cars and 2 jets. Buy them from us and not the British and Germans." Multiply that by every country we trade with and not only do U.S. companies regain access those markets, they also take away sales from their overseas competition who have been using U.S. tariffs to their advantage.
This is not U.S. vs Vietnam; it's Boeing vs Airbus, Ford vs Mercedes, etc.
They will buy 1% bonds when cash pays less.
“They will buy 1% bonds when cash pays less.”
And that will be when oh Swami???
AND WHY NOT?!?!?!? It is BY FAR the most important and most desired thing for every rational American citizen. Less taxes, less spending, less power and control in DC. Period. Why the hell do Rand and the Libertarian attention whores want to stand against that???
“You might by only 5,000 cars and 2 jets. Buy them from us and not the British and Germans.”
That’s where the idea is wrong. Why tax their economy and their people buying $50,000 cars from the U.S. (or Britain, or Germany) when they can buy $20,000 cars from India.
To buy somthing there from another country there has to be an economic benefit to it, and that is never about importing something that will cost you more when what to you is an equal can be imported from somewhere else for less.
To me Trump’s idea of trade is like the Left’s Critical Race theory on DEI - a theory that demands strict statistical proportiionality which is not the natural course of events, and forcing that strict statistical proportionality is/will be damaging in its achievment.
“This is not U.S. vs Vietnam; it’s Boeing vs Airbus, Ford vs Mercedes, etc.”
Not so. Mercedes builds cars in Germany and in the U.S. and Ford builds cars in Germany and the U.S. If the EU matches Trumps tariffs on cars, Ford will just export fewer of it’s cars from the U.S. and sell to Europe from other plants outside the U.S. And the gain to the U.S. economy in that particular scenrio? Zip.
And Trump has not made tariffs on Airbus, so its not about Airbus vs Boeing.
You’re asking me to predict when? I can’t. But it’s not unprecedented. In 2009 the 1 year treasury paid 0.29%
Libertarians are people striding a fence in the middle of a busy road with a wet finger in the air.
Vietnam has high tariffs on U.S. goods.
President Trump says "you sell to us, you buy from us" and raises tariffs on Vietnamese exports to half of what they charge U.S. companies.
Vietnam lowers tariffs on U.S. goods.
U.S. sells more to Vietnam. EU sells less to Vietnam.
So while President Trump "has not made tariffs on Airbus", he removed tariffs from Vietnam on Boeing.
There were no particular Vietnam tariffs on Boeign aircraft to begin with.
No. Trump is merely trying to promote a mercantilist deal with Vietnam. It’s not really about tariffs. The tariff is a ploy for mercantilist deals, much like dictatorships like China do all the time. It smacks of socialist central industrial planning. Instead of trying to promote a trade world that does not believe in such things, Trump is trying to duplicate what the likes of China does with national centralized power to promote most favored national companies and industries. Instead of fighting the economic model China presents, Trump is joining it.
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