Posted on 01/07/2020 7:40:44 AM PST by Crucial
I’m not an economic expert by any means. IMHO, the primary economic policy of the Trump administration is and should be economic growth and I think he takes this seriously. The problem we have is this government is overloaded with debt. And because of this debt, the Fed accelerated the printing money. The problem with this is that it causes inflation.
The problem with inflation is that if it is too high, it suppresses economic growth. It looks to me that this is what is happening, thanks to a substantial amount of debt Trump inherited from Obama and past presidents as well. It’s an incredibly large amount. This debt, I believe is why the price of gold is so high. There is a lot of worry about a debt bubble. So, I think for the good of the country and continued economic growth and getting Trump re-elected, paying down the debt should be the top economic priority.
Could double the economy overnight by having a lottery to determine who gets to beat Hillary Clinton to death with a baseball bat.
There is no inflation, and the economy is doing great. What you are suggesting, while perhaps necessary, will choke the economy.
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they should be removing any previous "stimulators" ...
Historical inflation rates should be on your mind. The past ten decade...inflation has been mostly under control. Anything between 2 and 3 percent is not that bad. Less than 2 percent....terrific, I admit.
1988 to 1990...I would admit, it’s fairly crappy inflation, and since then, it’s been what I’d call under control.
1979 to 1981...nearing 10 to 13 percent, and needed massive adjustment.
On the list of things that I’d like for the federal government to go and fix? I’d rate it near #700 on my list. I’d rather they go after social security and take corrective actions on it....or resolve the stupid illegal migrate problem in the US.
Just let every million dollar IRA holder withdraw $100k TAX FREE. Call it a tax cut for the rich. Mine is staying right where it is until age 71 or 72.
Hah Ha. Both parties and all politicians have said for decades the debt is a problem. They all know, including Trump. Congress presents budgets by order of the Constitution, yet hasn’t presented a budget in years. Everything is done continuing resolutions.
There will be nothing done beyond window dressing. If you tell congress they have to pay down the debt the only thing they will do is raise taxes, and still not pay down the debt.
The Graham-Ruddman bill “solved” the debt problem decades ago, look it up.
The economy is largely running on Government debt. What happened Republicans caring about the debt and deficit? Apparently thats gone out the window. Let the good times roll baby! Screw the kids and grandkids when the debt comes due.
HUH?
Have you examined any stats for the last three years?
Where is this high inflation?
Since you have nothing to moan about, just invent something.
We haven’t had a good gold bug thread in a while. Here was the last one:
Why Gold Prices Are About To Skyrocket Even Higher
http://freerepublic.com/focus/f-bloggers/3771412/posts
Get on it, folks!
Why would you change anything? I think the President is doing fantastic. Shut up!!
Gold is at record levels despite the stock market. That should tell you there’s real concern and a real problem.
And if the economy tanks do to the debt Crazy Bernie or another socialist might become president. Is that what we want. It would be a disaster for all of us.
The Fed is chocking the economy by printing so much money to keep the economy going but it’s self defeating. The Fed recently raised its inflation target because it looks like they can’t keep it under control.
And Trump and Congress seem hell-bent on running it higher as fast as they can. So not gonna happen.
They took the White House. Republicans only care about debt and deficit when a Democrat is in the White House, and Democrats only care when a Republican is in the White House.
Does a $1/4 quadrillion in federal debt raise a flag in where to start?
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