Trump wants to run the US like a Trump business and not pay back creditors

specifically99 · May 9, 2016

The revenue and cost centers in the economy have definitely evolved over the decades and since WWII. This is a series of the defect for the last 35 years. It was historically large and got a lot of attention while it was increasing 6-8 years ago, but pretty benign today.

Trump was just taking an opportunity to yap jaw about how good he is at defaulting. Nothing more.

Frederick Foresight · May 9, 2016

This just in: Trump to raise taxes on the rich? And what's this? Minimum wage is too low?

http://www.cbc.ca/news/world/donald-trump-tax-raise-wealthy-1.3572577

Class warfare!

Question: Are Republicans getting Drumpfed?

Spike Trader · May 9, 2016

Frederick Foresight said:
This just in: Trump to raise taxes on the rich?

And Jem was waiting for the IRS to be abolished.

.

jem · May 9, 2016

that was with cruz. which was part of the reason cruz was my first choice.

Spike Trader said:
And Jem was waiting for the IRS to be abolished..

jem · May 9, 2016

so we want to look at govt spending as a percentage of an indicator which includes govt spending?

how about we just look at the numbers instead of hiding them by normalizing them.

specifically99 said:
The revenue and cost centers in the economy have definitely evolved over the decades and since WWII. This is a series of the defect for the last 35 years. It was historically large and got a lot of attention while it was increasing 6-8 years ago, but pretty benign today.

Trump was just taking an opportunity to yap jaw about how good he is at defaulting. Nothing more.

Ricter · May 9, 2016

jem said:
so we want to look at govt spending as a percentage of an indicator which includes govt spending?

So GDP has been falling since 2009?

achilles28 · May 9, 2016

jem said:
so we want to look at govt spending as a percentage of an indicator which includes govt spending?

how about we just look at the numbers instead of hiding them by normalizing them.

Notice when the debt exploded. Late 70's early 80's. The beginning of outsourcing. Think that's a coincidence?

achilles28 · May 9, 2016

Trump said he could simply print his way out of a default. In case rates got too high.

He's shooting off at the mouth. He hasn't thought it through yet.

First, he suggested a renegotiation. Then he's saying outright print if rates spike (upon a renegotiation...).

specifically99 · May 9, 2016

Viewed in isolation, the debt side of the equation clearly shows a significant increase since the 70's. At the same time, paired up with revenue, the deficit between them is normal.

That's an observable reality of modernization. Computing and globalization were a game changer. I could elaborate with analogies to the amount of light in a cave man's home before and after the invention of fire, or why computing and networking exponentially enhanced economic growth and the legitimate uses and needs for liquidity. Does it need to be explained? We all get it.

Outsourcing, an externality of enhanced market efficiency that resulted from the innovations above. Agreed, not a coincidence.

achilles28 · May 9, 2016

Lets use this instead. Debt compared to the size of the economy.

The big acceleration all started around 1980. When offshoring first took hold.