We agree that the balance of payments deficit with China is of serious concern, but the administration is not making the right moves to combat it. Read More...Tags: budget deficits, balance of payments, China, Warren Buffet, IOUSA, comparative advantage, Adam Smith, state-managed trade, unfunded liabiliites, President Donald Trump, protectionist instincts, Trans-Pacific Partnership, TPP -11, NAFTA, tariffs, steel & aluminum, Wilbur Ross, Larry Kudlow, unfair Chinese trade policies, forced sharing of US-owned intellectual property, tariffs a tax, stocks swoon, World Trade Organization, Indigenous innovation, Made in China 2025
03/05/18 Filed in:
SpendingThe GOP tax cut may have been a reasonable bet, but trillion-dollar deficits are sure to backfire. Read More...Tags: fiscal meltdown, economic gamble, Federal Reserve, streamlining regulations, cut taxes, Child Tax Credit, Wind Production Tax Credit, protectionist trade policies, tariffs, Sen. Orrin Hatch, Sen. Pat Toomey, Sen. Mike Lee, Joshua Bolten, Larry Kudlow, Lord Maynard Keynes, deficit experiment, productivity miracle, inflation, GOP tax cut, Bipartisan Budget Act, Global financial crisis of 2008-2009, inflation spike in 1966, Paul Volcker, Secretary of State Rex Tillerson, Senate filibuster rule, Social Security, Medicare, House Speaker Paul Ryan, paid family leave, Ivanka Trump, Sen. Marco Rubio, President Donald Trump
No wonder there’s so much debate about economic policies; the two sides disagree on the goal. Read More...Tags: Gresham's Law, Wesley Pruden, Donald Trump, Detroit Economic Club, America First ecolnomic plan, Hillary Clinton, Futuramic Took & Engineering, NAFTA, TPP , trickle-down economics, fiscal problem, Stephen Moore, Larry Kudlow, half a loaf versus none