Focusing on trade will help with the debt
If that jackwagon can’t work on both at the same time, then we have ourselves another obama
Sometimes you need to toss the elbows. MAGA!
Millions of his voters care deeply about the trade deficit.
They do not seem to care at all about the national debt.
Not a good thing, but that appears to be how it is.
Thanks Star! /s
“They write that soon the national debt will reach $20 trillion”
Adios 20.
Americans were not born to be economic slaves of the government via taxation.
“Socialism Is Legal Plunder” - The Law; Frederic Bastiat
Star Parker is not exactly the sharpest knife in the drawer. She is just responding to the dictates of her corporate paymasters.
It would be "good" if those $376 billion in product were made in the US. The American worker would be the beneficiary along with the Treasury.
I don’t know a thing about economics, but it seems that fixing the trade problem would help fix the debt problem.
“We like the low-priced products from China we find in our department stores”
Much of the stuff from China isn’t low-priced.
The trade impalance addressed by Trump is an important part of the debt crisis. Regaining America’s economic and industrial edge raises the revenue to the government. Better, of course, would be in reducing expenses by, say, eliminating all the unnecessary and oppressive Agencies down to the original four Departments. That would actually solve the crisis but increasing revenue to the government(increasing taxation will reduce revenue) will ameliorate it a bit.
The writer sounds like anti Trump. The article is totally negative and has no hints on what they think Trump should do to reduce the debt, that is in the hands of anti Trump congress.
Which was loudly and continuously trumpeted by all the media outlets for all eight years...oh, wait...
Two ways to get debt down. Earn more, spend less. Trade increases earnings.
“A price tag of $2.4 trillion in lost wealth to allegedly combat a $376 billion trade deficit with China with tariffs suggests that this might not be the best course of action.”
Is not really wealth if it can be lost over a political utterance.
A one-ounce gold Krugerrand coin remains one ounce of gold.
Tulips are still beautiful, but they no longer fetch astronomical prices.
In the old days one bought stock for a steam of future dividends. At a P/E of 12, it might take twelve years to get your investment back if you were in my current tax bracket and about 17 years at a typical tax bracket.
At current P/Es, you are looking at about 45 years on average to recover one’s “investment” via earnings after tax. One year of trade squabbles is insignificant.
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Trade correction is the sole reasonable solution to the debt situation.
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This is the giveaway equation. Wall Street vs Main Street. The only calculus that's important to the writer is the $ concentrated in Wall street's hands not the hollowing out of the Nation's manufacturing sector and the loss of American jobs and the American Dream. Not to mention the weakening of our stance in case of hostilities with a foreign power or the stranglehold they have when we cannot manufacture American defensive necessities in America.
This is no patriot.
No he shouldn’t focus on debt. He sould focus on both trade and debt.
Is it illegal to work on multiple issues at one time?
Medicare Part B really doesn’t cost the federal government very much.
Patients pay a 20% co-pay.
Covered persons pay Medicare Part B premiums meant to cover 25% of federal payouts.
Those are 40% of the Medicare Part B amounts paid to providers.
Then there’s federal income tax on Medicare Part B provider (direct/non-direct) income.
That’s probably about 30% on average of the Medicare Part B amount paid to providers.
The sum of 30% and 40% is 70%, leaving the federal government to subsidize about 30%.
The net cost of the federal government to subsidize $100 billion of Medicare Part B care is about $30 billion annually.
I have a passport. I get my expensive dental care in Mexico. I could get my expensive medical care in France.