Quote:
Originally Posted by OneHungLo
You do know that a large part of the raise to the deficit was the interest on all that debt accrued by Obama?
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correct - thatīs why trump should work on lowering the deficit.
like everybody does with dept. there is a time to get it (when it is urgently needed) and a time to pay it back (when it is not needed any more).
can you tell me WHEN was that time in the states to pay back?
and yes - better economy is automatically producing higher interest rate. means: higher interest on all existing dept.
and this is the basically hugest mistake of trumps economic policy.
if someone fires up an running, but dept based economy with even more dept he will have a triple effect.
1. interst will rise on old and new dept.
2. dept will rise but with this dept economy will heat up more.
3. interst will rise again....
this is what professionals call OVERHEATING a running economy and this is exactly the reason why trump does not have a fucking clue of what economy is and how it works.
at the end he is always searching for someone else as the guilty. but is is a proven fact that no economy in the last few thousand years could work like that.
so if you want one who really helps your economy on long term, donīt vote for an idiot.