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User talk:VargasMilan (view source)
Revision as of 06:29, February 15, 2017
, 06:29, February 15, 2017→Debt bomb under Trump
:Ouch! Let's hope the thriftiness of Trump's Scottish heritage kicks in, like we saw with his cost-saving measures that he extracted from Boeing's manufacture of Air Force One! [[User:VargasMilan|VargasMilan]] ([[User talk:VargasMilan|talk]]) 00:52, 15 February 2017 (EST)
:Ouch! Let's hope the thriftiness of Trump's Scottish heritage kicks in, like we saw with his cost-saving measures that he extracted from Boeing's manufacture of Air Force One! [[User:VargasMilan|VargasMilan]] ([[User talk:VargasMilan|talk]]) 00:52, 15 February 2017 (EST)
::Donald Trump is a nationalist and wants to spend a lot on the military. Bill Clinton for all his faults did not put the USA in deeper in debt via big military expenditures. Bill Clinton's administration was responsible for the housing crisis which killed growth and indirectly caused a situation which accumulated debt.
::Russia and the USA are spending a lot of money on their respective militaries. It is "cold war light". The truth is that both countries face economic troubles ahead and cannot afford to waste money. Putin out of pride wants to restore a lost empire.
::But the lion's share of debt creation is via entitlements. And Trump has expressed no interest in entitlements reform like social security, etc. Maybe he sees no need to. Maybe he thinks it is not politically possible. It probably is not politically possible. The baby boomer generation seems to have no reluctance to pile on debt for their posterity.
::Maybe Hillary Clinton would have spent as much as Trump if elected. Maybe not.
::Trump is not a fiscal conservative though and there will be economic consequences. You cannot ignore basic rules of economics and not pay consequences. You cannot get away with spending more than you intake and get away with it. [[User:Conservative|Conservative]] ([[User talk:Conservative|talk]]) 01:29, 15 February 2017 (EST)