HUME: ... do you really think we can solve the Social Security and Medicare entitlement programs with trade policy?
HUNTER: Let me give you one statistic, Brit. We have a $161 billion deficit this year. We have an $800 billion trade deficit. And that is closely linked with the ability to take care of our seniors, to take care of Medicare, and to pay Social Security, absolutely.
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looks like Hunter forgot to take economics 101 in college
“looks like Hunter forgot to take economics 101 in college”
Hum. Decrease taxes on our exports and we will probably sell more (supply and demand), any added sales will result in more manufacturing of the same goods, which will lead to more tax dollars incoming into the Treasury, which will help offset the national debt. Who forgot to take economics 101 in college?