therealduckofdeath :
f0xnewz :
@THEREALDUCKOFDEATH how exactly do you think the US go 20 Trillion in debt?
1 trillion per year on military...? That adds up to a lot. Refusal to tax the rich? Like the 1 trillion "refund" the billionaires got in January. It's very easy to find where the US creates its own deficit. Trade is not one. Trade automatically balances itself or trade wouldn't exist. Trust me, I actually got an education in monies stuff.
With Trump's increases, the military budget is now $711 billion a year and it hasn't been a year yet. Before that is was much, much lower. But with the U.S.A.'s apparent role as the backbone of anything the U.N. or NATO do, how much choice do we have?
The biggest waste is from failed programs and fraud in the welfare and medicare systems.
The upper income levels are taxed at $37%, which IMO, is plenty as that is just Federal, add in state and some are paying over 50% between the two. I will never understand the desire to punish success. However, if the new tax reform bill was such a give away, why are some governors scrambling to create loop holes to help their wealthy donors pay less?
Back on topic, trade does not "balance itself", if it did, we wouldn't have been running deficits for the last 30+ years. All our POTUS's saw the problem, but none wanted to do anything about it...until now. These tariffs are temporary and a bargaining chip, nothing more. Yes, prices might go up a little for a short time, but the other countries will be affected more than we are as companies will be less likely to invest there. We are seeing this already.
Apple, Fitbit and Sonos, will likely pass on any extra cost to the customers, but, considering that the tariff is on certain parts, not on the completed item and there are millions being produced, we are talking pennies of an increase.