The trade deficit...
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The trade deficit...

By Heraclitusstudent following x   2018 Mar 7, 12:13pm 168 views   4 comments   watch   sfw   quote     share    

... is exploding - as it must when the government decides to massively dissave and run a massive budget deficit.
I guess we need tariffs to compensate...
1   TwoScoopsPlissken   ignore (2)   2018 Mar 7, 4:05pm   ↑ like (0)   ↓ dislike (0)     quote      

The Budget Deficit and the Trade Deficit are linked.

All the imported finished goods are absent factories that if it was made in the USA, would have paid property taxes, their workers income taxes, their shipping supplies in and shipping product out more in gas and vehicle taxes, the company corporate taxes, and all the contractors and subcontractors paying business and income taxes for themselves and their employees.

More jobs is less welfare, higher home prices, better neighborhoods, social cohesion and a ton of other benefits that are indirect and harder to measure.
2   Heraclitusstudent   ignore (1)   2018 Mar 7, 6:29pm   ↑ like (0)   ↓ dislike (0)     quote      

Yes, absent special intrusion in trade, the tax break, and extra gov spending are likely to result in a bigger trade deficit, profiting other countries.
3   Strategist   ignore (1)   2018 Mar 7, 6:54pm   ↑ like (1)   ↓ dislike (0)     quote      

It's American trade deficits that financed the economies of Japan, Germany, South Korea, Taiwan, Saudi Arabia, and China.
4   just_passing_through   ignore (0)   2018 Mar 7, 8:49pm   ↑ like (0)   ↓ dislike (0)     quote      

Don't forget Mexico and Canada!