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
Presidential candidates ignored the fiscal problem in 2008, and the same thing could happen this year, but wishing won't make the problem go away. Read More...Tags: red ink, economic stimulus package, green jobs, long-term budget outlook, unfunded liabiliites, Lawrence Kotlikoff, Gary North, David Walker, IOUSA, October surprise, Sen. Barack Obama, Sen. John McCain, Fiscal Commission, Erskine Bowles, Alan Simpson, William Devane, Gallup poll, top issues, Hillary Clinton, Sen. Bernie Sanders, Donald Trump, Sen. Marco Rubio, Sen. Ted Cruz, Gov. John Kasich, Ben Carson, Wolf Blitzer