Let's clear something up...
https://www.washingtonpost.com/news/...-robert-costa/
He says we're sitting on a bubble and that we need to reduce the debt. His words, not mine. Yet, despite his promise to reduce the debt in 8 years (which he has since rescinded), we're now looking at policies that would drastically add to the debt. Anti-debt language was in his economic policy speech he gave, and anti-debt language remains on his website. I'm saying this show's he's a bad economist because hes literally doing the opposite of one of his biggest concerns.
Originally Posted by
wibblefox
143% in the next what, 16+ years? How exactly do you justify the assertion that ALL of Trump's policies will remain in effect for that long?
How exactly is economic stimulus unnecessary? You and TPC's paper both neglect to realise that having money in circulation in your economy is a good thing, the government is not the arbiter of the economy. Growth, increase in standards of living, and economic stimulus are all benefits that will come from reduced taxes.
You take the 2... subtract the 1....
Okay right, this is speculative of the debt levels in 2026, ten years from now, under Trump's current proposed policies. Not some numberpulledouttamyass 16+ years.
To be honest, I don't believe he'd make it past 2020 before he'd be replaced, but these policies are 1.) the exact opposite of what apparently aligns with his values 2.) irresponsible without any need to provide economic stimulus.
The economy is finally getting back on its feet. Unless you mean to say the business cycle shouldn't be accounted for and we should run monster deficits all the time (if that's the case, then I think you should talk to the 70s), then we should start looking at more of the same or a more balanced budget, not a further skewed one. The government is absolutely the arbiter of the economy, that's the responsibility of monetarily sovereign entities. That's why the fed was created, and whether you like it or not fiscal policy can have huge effects on the economy. Absolving the government of responsibility for the economy in order to justify irresponsible deficits is just silly. Current level deficits are just fine.