Trump’s
Debt Warning has these 2 terrifying Implications, Trump Just
Said Something about the U.S. Debt that Nobody Wants to Say… And It’s Got Some
Americans Very, Very Worried…
Trump is a businessman who
understands debt. In fact, he calls himself “The King of Debt.” So when he
talks about the mountain of U.S. debt (currently over $19 trillion!) it pays to listen.
To keep Washington running, the U.S.
must keep borrowing at faster and faster rates. And, in order for this to be
possible, interest rates MUST remain low.
This is why Trump has said that he’s
in favor of continuing the Fed’s low interest rate policies, telling CNBC that
without them, “We’re going to have some
very major problems.”
How Would
President Trump Handle the U.S. Debt?
According to Trump, he’d do the same
as his predecessors: Print more money. “People said I want to go and buy debt
and default on debt… these people are crazy. This is the United States government… You never have to default
because you print the money…“
Printing more money can postpone a
national debt crisis – if interest rates remain low. But if rates go up, Trump
knows there will be only TWO options:
Option #1: Washington defaults on its debt.
Option #2: The Fed creates massive amounts of money to repay the
debt, thereby hyper inflating (and rapidly devaluing) the U.S. dollar.
It’s a Catch-22 because neither option will be good for Americans.
Comments
To
prepare for a “normal market economy’, federal debt needs to be reduced,
because a normal economy is a “free market economy” where supply and demand
control the prices of things, including interest rates. The “managed economy” we currently have
results in the mess we have that has been caused by excessive government
spending, debt, regulations, socialist policies, excessive regulations,
excessive immigration and lawless government refusing to enforce the laws on
the books.
Trump
knows that he can improve our economy and lift US citizens out of poverty with
jobs. He is the first Republican
candidate to realize the obvious.
Republicans must protect the welfare safety net as they abandon the
policies that created 100 million working-age US citizens without jobs.
Trump
doesn’t mind printing some money to avoid sovereign bankruptcy, because we can
and will need capital to retool US manufacturing. But Trump doesn’t want to go
beyond $20 trillion.
Trump
will reduce federal spending and the federal boot-print to allow the “free
market” and the Private Economy to grow. Trump knows we need to stop “kicking
the can” down the road.
Trump
knows that his job creating actions will boost tax revenues sufficient to fund
what we really need to do to fix the broken parts of our federal government and
our economy.
Trump
knows that he needs to prove to the voters that many unconstitutional
government subsidized activities are a bad deal, before he will be ready to
introduce reforms.
Norb
Leahy, Dunwoody GA Tea Party Leader
No comments:
Post a Comment