Trump's deficit will be gigantic and not a real problem.
 

Ryan Cooper distills deficits.

http://www.theweek.com/articles/6719...t-real-problem

Of course. Deficits are only a problem when democrats run them up.

What I am gathering here is that deficit is becoming less a problem since the 1% has sucked so much out of the economy that the rest has that much less to spend.

The deficit doesn't compete with the private economy for investment when there wasn't going to be private economy investment anyway, because of demand weakness, because the 1% are sitting on all the money. This lack of competition removes pressure on interest rates, a driver of inflation.

There is still the bad effect of growing government interest obligation precluding more useful government spending, and the sharp budget risk to the government if interest rates were to go up.

Ryan's substantive example--the different experiences of Johnson and George W. Bush years.

Look at where money is going....

In President Obama’s last year in office, the United States dropped 26,171 bombs in seven countries. This estimate is undoubtedly low, considering reliable data is only available for airstrikes in Pakistan, Yemen, Somalia, and Libya, and a single “strike,” according to the Pentagon’s definition, can involve multiple bombs or munitions. In 2016, the United States dropped 3,027 more bombs—and in one more country, Libya—than in 2015.

A Reaper drone costs $28 million; one Hellfire missile (Lockheed Martin/Raytheon) costs about $70,000; one Paveway bomb (Lockheed Martin/Raytheon) about $20,000. The total cost of one weapons load for a Reaper – four Hellfire/ two Paveway – is at least $320,000, a third of a million dollars.

We are putting our future generations in enormous debt keeping the MIC fat and sassy.....

Meanwhile we let our own people starve and do without health care because it's too expensive. As a nation we'd rather kill and maim and destroy than heal and feed.

This is our biggest export, war and bombs.......

We're assholes...... we're an asshole nation.

Is it any wonder Iran and N.K. are so eager to develop weapons to protect themselves?