Hafar1014
Diamond Member
- Sep 1, 2010
- 11,817
- 10,743
- 2,128
Trump has put us in uncharted territory. He is transitioning us from a debt based government spending economy to a wealth based private sector economy.
He is using tariffs as the main instrument. On the good side tariffs are bringing in billions in cash. At current projections in 4 years he will have over 1 trillion to pay down the deficit or the entire deficit. Foreign markets are opening creating wealth for our manufacturers and foreign manufactures are moving to America.
On the risk side inflation could increase costing American jobs and driving up prices. GDP could drop as Americans lose jobs.
As Trump cuts the size of government by eliminating jobs, depts, and spending at the same time he expects the private sector to create new jobs to offset the loss of government jobs. Private sector jobs are created by capital government jobs by debt. So we have balancing act to understand. We can cut the government but there is point when thats too much. We need some control and management of the economy. We can increase the private sector but if they become too powerful we will have monopolies and corporations with too much control.
So where is the sweet spot the balance the Goldilocks point? I dont know. I do believe that today there is too much government controlling of our lives taxing us and regulating us.
So thats the question how much less government and how much more private sector growth is best. Open for discussion
He is using tariffs as the main instrument. On the good side tariffs are bringing in billions in cash. At current projections in 4 years he will have over 1 trillion to pay down the deficit or the entire deficit. Foreign markets are opening creating wealth for our manufacturers and foreign manufactures are moving to America.
On the risk side inflation could increase costing American jobs and driving up prices. GDP could drop as Americans lose jobs.
As Trump cuts the size of government by eliminating jobs, depts, and spending at the same time he expects the private sector to create new jobs to offset the loss of government jobs. Private sector jobs are created by capital government jobs by debt. So we have balancing act to understand. We can cut the government but there is point when thats too much. We need some control and management of the economy. We can increase the private sector but if they become too powerful we will have monopolies and corporations with too much control.
So where is the sweet spot the balance the Goldilocks point? I dont know. I do believe that today there is too much government controlling of our lives taxing us and regulating us.
So thats the question how much less government and how much more private sector growth is best. Open for discussion
