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Make America's deficits great again
The Hill ^ | 07/09/19 03:00 PM EDT | DESMOND LACHMAN07

Posted on 07/10/2019 6:17:20 AM PDT by Fawn

Two and a half years into his term, President Trump has little to show for breaking with erstwhile Republican Party orthodoxy on trade and budget policy.

Indeed, far from delivering on his promise to cut America’s trade deficit, Trump has presided over a ballooning deficit that’s on pace to be some 25 percent higher than when he took office. This is happening at a time when the budget deficit is widening and the country’s public debt is well on its way to exceeding 90 percent of GDP.


TOPICS: Business/Economy
KEYWORDS: debt; national
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To: HiTech RedNeck
The tariff IS the answer. It adds up to American prosperity and a balanced trade and federal budget. win - win.

Our wise and morally superior founders are rolling in their graves watching the world cashing in and practicing unopposed mercantilism against their beloved USA. They fought a war and risked everything to stop that....

41 posted on 07/10/2019 8:07:25 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: D Rider
Almost 100% of our income tax revenues are spent paying for entitlements, which by law, is the only spending that the government is obligated to make. The rest like the military, gov. agencies is discretionary.

And while the black robes have allowed "entitlements," none of it is constitutional, unlike military spending.

42 posted on 07/10/2019 8:11:27 AM PDT by kosciusko51
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To: central_va

It won’t be an answer if its income gets hurled into more rabbit holes of fairy dust schemes. It won’t be. You can count on that just as you can count on history to repeat.

This is NOT an age with a spirit like that of the Founders — not yet. I am a God agitator, trying to get that spirit to be embraced again, but I don’t have any foolproof way of knowing how well that will work. The brick walls are plentiful and their positions unknown.


43 posted on 07/10/2019 9:25:26 AM PDT by HiTech RedNeck (May Jesus Christ be praised.)
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To: HiTech RedNeck
Consumption based taxes are far superior to the income tax. This fact alone justifies a tariff. Spending needs to be controlled but revenue generation is just as important. The two are not really related. Income and spending are two different sides of the fiscal coin.

Nothing you have posted refutes the fact that a tariff is needed now more than ever. Patriotism has NOTHING to do with it just like Patriotism has nothing to do with income taxes. It makes sound fiscal and economic sense IN EVERY WAY.

44 posted on 07/10/2019 9:33:16 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

And I’d sure agree with you that mercantilism, embraced as first principle, is foolish. It forgets that it will be a cancer on patriotism.

But if patriotism is suffering cancer from something else anyhow, then getting rid of one cancer doesn’t do anything about the other cancer.


45 posted on 07/10/2019 10:07:27 AM PDT by HiTech RedNeck (May Jesus Christ be praised.)
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To: central_va

Nothing you have posted refutes the fact that a tariff will not be a magic bullet.


46 posted on 07/10/2019 10:07:56 AM PDT by HiTech RedNeck (May Jesus Christ be praised.)
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To: central_va

What’s more, the patriotism cancer doesn’t even need a tariff cure, however useful it may prove. I go back to even deeper roots here.

And too-tight trade (as in the old days when the Feds ran on nothing but tariffs) forgets that there is a world full of things that we can’t always come up with in the USA. Wise balance is always a good rule.


47 posted on 07/10/2019 10:10:52 AM PDT by HiTech RedNeck (May Jesus Christ be praised.)
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To: HiTech RedNeck
And too-tight trade (as in the old days when the Feds ran on nothing but tariffs) forgets that there is a world full of things that we can’t always come up with in the USA.

Poppycock. Name one thing from lunar landers to soy beans that the USA can't make. Bananas? LOL. The USA was self sufficient in everything up the 1950's.

48 posted on 07/10/2019 10:24:50 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

Okay, by all means wave that magic wand of presumptiousness and come up with those rare earths, for one thing, beyond their availability as curiosities.

We can’t turn back the clock on that — and why would we want to?

Poppycock? You ought to know it, having generated enough of it yourself.


49 posted on 07/10/2019 11:13:53 AM PDT by HiTech RedNeck (May Jesus Christ be praised.)
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To: central_va

Here’s where you could get a clue from President Trump. Everything is a potential negotiation tool. Everything. Don’t be wallowing in nostalgia; move forward in wisdom.


50 posted on 07/10/2019 11:16:53 AM PDT by HiTech RedNeck (May Jesus Christ be praised.)
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To: central_va

By the way, if you want better farming here, which is an area you did touch upon, then stop doing stupid things like paying farmers not to farm.


51 posted on 07/10/2019 11:21:46 AM PDT by HiTech RedNeck (May Jesus Christ be praised.)
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To: central_va

And the USA still has a latent potential to sell to the world, too. It still manages to do so with food, and one of the things negotiated with China is to sell American meats there. China of its own self can’t come up practically with everything it needs to enter the first world either. It even stinks at pollution control technology, literally stinks — things that the USA takes for granted today, and is rich in. If an area of the USA got like Beijing, or like any major Chinese river, the scandal would be unbelievable. And we take it for granted.

Put a great negotiator at the helm, and there are more ways to break even or better than break even. This isn’t yesteryear, and we can’t go there anyhow. We wouldn’t fit yesteryear. We’ve grown.


52 posted on 07/10/2019 11:27:33 AM PDT by HiTech RedNeck (May Jesus Christ be praised.)
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To: central_va

And so what if you won’t be reconstructed and don’t give a damn. The rest of the USA will give a damn, and will reconstruct around you, leaving you in your own little wallow (nobody’s forcing you out as long as you can manage to stay alive) but also leaving your legacy to the ash heap of history too.


53 posted on 07/10/2019 11:31:05 AM PDT by HiTech RedNeck (May Jesus Christ be praised.)
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To: HiTech RedNeck
If I asked a Euro economist about protective tariffs what would they they tell me?

If I asked a Japanese economist about protective tariffs what would they they tell me?

If I asked a Chinese economist about protective tariffs what would they they tell me?

If I asked a Korean economist about protective tariffs what would they they tell me?

My guess is all would say they are great! They all charge high tariffs on made in the USA imports and run huge trade surpluses with the USA. AMERICAN GREEDY FOOLS LIKE YOU ARE PLAYED EVERY DAY. And Patriots like me have to remain civil while you sell out our country.

move forward in wisdom.

While you move backward in total myopic ignorance.

54 posted on 07/10/2019 11:32:47 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

But see, your mind is too small to grasp the concept of the President’s actions. By threatening tariffs he gets tariffs removed.


55 posted on 07/10/2019 11:34:42 AM PDT by bert ( (KE. NP. N.C. +12)There were Democrat espionage operations on Republican candidates)
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To: HiTech RedNeck
What damn fool you globalist idiots really are. Exporting agri products and importing durable goods gets us to 3rd world status real quick you f--ing anti American a$$hole.

Read some damn history you dolt.

56 posted on 07/10/2019 11:35:39 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

How about a God economist? One who smiles the broadest when the whole world (if possible) is rejoicing in the gospel? That’s not the same as globalist, as it will reject some ideas — especially, secular socialist ones — and let holdouts there continue to suffer in their wallows.


57 posted on 07/10/2019 11:36:25 AM PDT by HiTech RedNeck (May Jesus Christ be praised.)
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To: bert

Exactly, bert. Tariffs are a tool for negotiation; they aren’t a ball and chain for us.


58 posted on 07/10/2019 11:37:04 AM PDT by HiTech RedNeck (May Jesus Christ be praised.)
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To: bert

Who removed a tariff? Not one damn country. We still, thank God, have a measly 10% tariff on your Chinese friends.


59 posted on 07/10/2019 11:37:08 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

Farming is inherently third world?

Ah, even rednecks may be high tech, in my world. I don’t know about yours.


60 posted on 07/10/2019 11:38:02 AM PDT by HiTech RedNeck (May Jesus Christ be praised.)
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