Posted on 01/03/2017 2:26:29 PM PST by SeekAndFind
“Simply a function of math.”? I see, like the unemployment rate below 5%.
So there you have it, folks: there’s never been a better time to buy gold. Which is why I’m selling it.
“Let’s start with the Congressional Budget Office (CBO) and their projections...”
When I started out as an accountant, I thought up an account name that sounded impressive and would confuse people. "Prepaid Accrued Cash". Many intellectual discussions around staff lunch tables with that one. And now we have "Real Potential GDP".
And much of this article talks about one expense (interest expense, cost of money) as being the primary reason that economic growth / revenue (GDP) can't grow. Very interesting, similar to adding Social Security Numbers together and looking for a meaning or purpose.
Author is an idiot!
He thinks to have $1 of growth in the economy takes $3 of government debt. It’s not the debt that drives growth. The debt reflects that government has been spending more than it takes in. And that is reflective of poor economic results.
He ain’t listened to anything Trump has said. Instead he is looking solely at trends of our current incompetency and assuming more of the same.
Trump will soon have both the economy growing and debt shrinking. Then this idiot author will then assume that in order to grow the economy you have to shrink debt.
Nice article. Hey! Did you know NYC is ungovernable? And nationally milease is the rule. Yep. Because Democrats can’t fix any of these things no one can...
Get rid of the restraining departments and strangling regulations and return them to what they were in, say, 1969, and the economy will explode in growth.
(Oh, this needs to be done at all levels of government, not just the federal level. The states and counties have “fee’d” and regulated their companies into a low maintenance level with near zero growth.)
I agee with you 100%
I would not be shocked to see 6% growth in time. But, Trump needs to get his tax agenda passed and the complete repeal of all the federal government regulations and obamacare.
Oh gee, another “Trump will fail” article!
Under Trump, so many rules and regs will change that ANY prediction based on the current environment is useless.
Deregulation is great but that is not enough. It will take some pretty high tariffs to convince these globalist chimps that the cheap labor party is over. Make it here or pay up.
meh
When tax rates for corporations go to 15% and off shore funds are brought homethen we will see
More tariffs and less income taxes. That’s the ticket.
“More tariffs and less income taxes. “
We actually don’t need tariffs, which would precipitate a trade war. Nobody wins a trade war. What we need is less regulation and paperwork. I own six pieces of rental property. It takes four man-weeks to get ready for taxes. (Oh, and as a landlord it is illegal for me to do my own repairs or put on my own roof. Thus, the costs of those things is prohibitively high.)
Like the election math did not add up either. That is until Trump won.
People that comment import tariffs would start a trade war are really not worth reading. They are either duplicitous or stupid, or both. WE ARE IN A TRADE WAR NOW. Been in one for 30 years. Only we don’t fight back because of Free Traitors™..
I cant disagree with much of that either.
The founders felt the best way to make commerce REGULAR with foriegn nations was through tarrifs.
Yet there are those even on this stie that claim that that was not to regulate commerce, but was to fund the federal government only.
I am against UNREGULATED FREE trade. I am for FAIR and FREE trade. You send me 1 dollars worth of goods and I get to send you 1 dollars worth of goods.
China taxes the hell out of stuff coming into their country from ours. That, and they play with their funny money. Tax the livin piss out of their crap comming into our country or they dont get to send it in here.
Projections = Dice
There is no Constitutional right to free trade with foreign countries. None what so ever. Actually the opposite is true.
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