Originally Posted by
TechTanker
Thank you for making my point with your AI generated response.
#2. Kinda hard to have economic strength when your economy is “bankrupt” and in the crapper
#3. As mentioned at the end of your AI generated response there are other players like BRICS who is actively trying to over turn the Dollar and make their countries the hub of global finance.
#4. Again, not much depth in the financial markets if our economy is in the crapper.
#5. Geopolitical power. We have a great Military now but if our economy is in the toilet there won’t be any money to fund military spending.
#6. Yea that confidence would be gone in a heartbeat if we go “bankrupt”.
Look I know I was being kinda harsh earlier with my responses. But what I said still holds true. We cannot keep spending money like there is no tomorrow because I guarantee if nothing changes that rooster will come home to roost and none of us will like what happens. A little recession that lasts a few years will be the least of our problems. Republicans and Democrats need to come together and realize this is unsustainable. But I’m afraid Dems won’t be able to get over their TDS and Republicans won’t get over their MAGA.
The notion of our economy being a disaster is a fallacy. The numbers show quite the opposite. Our GDP is higher than any of the G7 economies.
Do there need to be targeted, rational, humane spending cuts? Absolutely. But we’re not going to put a dent in this with spending cuts alone. Taxes will also need to be addressed to reduce/eliminate the deficit. People are lying to themselves if they believe otherwise.
The Trump tariffs are nothing more than a regressive tax that will destroy the current 3.2 GDP. Targeted tariffs in specific scenarios have been beneficial. Trump’s use of tariffs based upon ill conceived notions of fairness and grievance is economic malpractice.