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US Can't Grow its Way Out Of Debt.

Us can't grow its way out of debt.

https://www.barrons.com/amp/articles...ficit-f64e6712

However, we could tax our way out of it. Raise our tax rate to the G-7 average and we'd be in surplus, and pay the whole thing off in a while.

This will never happen, but the reasons are power and politics. The numbers work. We could technically do it.

Are only hope is the dollar stays the standard. With Trump I running the show now ........

Anything can and will happen.

For if or when it is dethroned watch out world.

Quote:

Originally Posted by Dondilion (Post 434070)

Us can't grow its way out of debt.

https://www.barrons.com/amp/articles...ficit-f64e6712

No shit, Sherlock. You mean GOP tax cuts won't somehow alleviate the debt. Whudda thunk it?

Quote:

Originally Posted by finnbow (Post 434074)

No shit, Sherlock. You mean GOP tax cuts won't somehow alleviate the debt. Whudda thunk it?

Printing is bipartisan and as oligarchs of whatever Stripe accrete power the possibilities of effective tax cuts decrease.

Quote:

President Reagan was a proponent of supply-side economics, which favors reducing income and capital gains tax rates in order to encourage economic growth. He believed that the savings generated by companies from corporate tax cuts would trickle down. That is, the savings would be invested in ways that benefited smaller businesses, spurred innovation, created new jobs, and eventually benefited the population as a whole.

Quote:

Those expectations did not all take shape exactly as planned. During President Reagan's two terms in office, unemployment fell considerably, disposable income rose, and inflation was brought under control.

However, the expectation that decreased taxes on the wealthy and businesses would result in increased spending on goods, services, and salaries failed to materialize. Moreover, President Reagan’s relaxed regulation contributed to the savings and loan crisis.

By the early 1990s, the U.S. economy had fallen back into recession.

And history will repeat again in 2025.

https://www.investopedia.com/terms/v...oeconomics.asp

Trump’s $7.8 trillion debt
https://www.idahostatejournal.com/fr...ab5af73ba.html

By the end of Trump’s first term, the nation was much deeper in debt. Obama-Biden left Trump with an annual budget deficit of 3.2% that he increased, primarily because of huge tax cuts, to 14.7%. The result in 2020 was $7.8 trillion more debt for the nation. The current Biden-Harris deficit has now dropped to 6.6%.

How can the world trust Trump?
Back in 2013, Argentina lost credibility in international financial markets, and the International Monetary Fund reprimanded its government for its failure to make “sufficient progress in improving the accuracy of its economic data.” The following year, The Economist refused to publish the nation’s faulty data, and its editors accused President Cristina Fernández de Kirchner of replacing “independent-minded staff” with her own people. This is exactly what Trump is doing now.

Trump has a history of fraud and deception (remember Trump “University”) and how can international leaders trust him or his allies in economics or diplomacy? For example, British authorities are now saying that if Tulsi Gabbard becomes Trump’s spy chief, they will not share intelligence with the U.S. This does not at all bode well for America’s once trusted role in world affairs.

Quote:

Originally Posted by Rajoo (Post 434077)

And history will repeat again in 2025.

https://www.investopedia.com/terms/v...oeconomics.asp

Tinkle down economics, "I've got mine, I want yours and piss on you".

How can the world trust Trump?

They can't and they won't.

The fallout from this mistrust is yet to be seen.

Quote:

Originally Posted by Human (Post 434096)

How can the world trust Trump?

They can't and they won't.

The fallout from this mistrust is yet to be seen.

Trump's MO is FU to the world which is why the MAGA message sells so well to its adherents. They don't know any better while they await on the promise of greatness once again to be theirs.