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I think we're now addressing Russia's ghost fleet of oil tankers.Failed sanctions on Russia should have told him something!
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People would be forced to only buy what they can afford.
We've gotta get the debt out of our economy. That's what's killing us.Correct, and what do you suppose will happen to the economy when consumer spending drops through the roof? Furthermore, it's not just tariffs on China, he also wants to tariff other countries in order collect more money from tariffs. Will you stop eating as well? Will you stop driving to work?
No one said it would be easy, or fast. Baby steps.
We've gotta get the debt out of our economy. That's what's killing us.
Raising taxes hasn't worked either. The government just finds new ways to spend our money that don't benefit us as a nation.Assuming that's true, how will tariffs get rid of our debt? Will extending the Trump tax cuts, which will add 4.6 trillion to the deficit get rid of our debt as well?
Citizens need to pay off their consumer debts first. This will shake up the economy.Assuming that's true, how will tariffs get rid of our debt? Will extending the Trump tax cuts, which will add 4.6 trillion to the deficit get rid of our debt as well?
Why would getting out of debt cause a recession?
Raising taxes hasn't worked either. The government just finds new ways to spend our money that don't benefit us as a nation.
Hopefully Trump will reduce government spending which will lead to less government borrowing. Firing the worthless IG's is a good start.We haven't raised taxes. That's the problem. And it has worked, this is how the government generates it's income. More income for the government means it's less likely to go into debt and more likely to pay off it's debt, which is what you're claiming is "killing us." Giving tax cuts to billionaires puts us more into debt.
The inflation reduction act didn't help pull us out of the pandemic better than any other western country in the world? The infrastructure bill isn't helping America?
Hopefully Trump will reduce government spending which will lead to less government borrowing. Firing the worthless IG's is a good start.
Tariffs are paid to the Federal government and can be used to reduce the Federal debt. Private debt is another serious matter.
If tariffs replaced income tax and other taxes, would you object?Canada is waiting before diversifying trade away from America and to China and other countries that are willing to engage in free trade practices.
It's seldom that Trump actually follows through on his threats.
Hopefully he does soon so Canada can move to increasing free trade relations with China and other countries that are anxious to take America's place and play fair.
Regrettably, it won't take very long for Trump to realize that he's shitting in his own nest.
Limitations of tariffs -Many importers have production/manufacturing partnerships in foreign countries. They aren't simply "importers" who buy and distribute foreign made goods (like Pier One Imports). Tariffs will make them rethink their business plans and return some or all manufacturing back here. Those who chose to continue regardless of tariffs might strike deals with their foreign partners for lower prices to offset the cost of tariffs, or simply pay the tariffs and either pass some or all of the costs on or bear the costs themselves.
The upside of tariffs is that they can be used to reduce government debt, and regardless of higher prices the money remains in the domestic economy.
Where do you get that figure?There's no amount of reduction in government spending that will offset the 4.7 trillion Trump plans on adding to the national debt if he extends his tax cuts for the rich.
Such inspectors become part of the swamp, like the 'fox guarding the henhouse' or like guards providing drugs for prisoners. The government is rife with waste, fraud, and abuse regardless of 'in house' inspectors.Do you know what Inspector Generals do? They're independent government watchdogs that detect, prevent, audit and investigate possible fraud within the government. Surprise, surprise, it's no wonder Trump would want to fire all of them. Who needs watchdogs around when you're committing crimes, amiright?
Where do you get that figure?
Such inspectors become part of the swamp, like the 'fox guarding the henhouse' or like guards providing drugs for prisoners. The government is rife with waste, fraud, and abuse regardless of 'in house' inspectors.
Depends on what affect it has. Those who pay the higher prices can likely afford it.
