4 ms·

First of all, I don’t like Trump. I’ve voted blue all my life. Having said that, Trump is the only one willing to play ball with the Chinese. And the US nationa

by lvl155 2y ago

First of all, I don’t like Trump. I’ve voted blue all my life. Having said that, Trump is the only one willing to play ball with the Chinese. And the US national debt is not sustainable at this level. Something has to break in order to bring down servicing costs. I am not saying this is the right way to do all this. Far from it. But we do have a huge debt problem in this country and Chinese corps do not play by the rules (ie IP is nonexistent). This could go wrong in so many ways and eventually undermine US strength while boosting Chinese global influence even further.

sachinjoseph 2y ago
So this is the wrong way but will still address the deficit? How exactly will this address the deficit?
- lvl155 2y ago
  He’s (rather Bessent) literally crashing the economy in order to force the Fed to lower the rates. To be fair, a soft landing was a pipe dream. Bessent has a long history of talking about this type of reckoning.
  - sachinjoseph 2y ago
    "Setting the building on fire was and in turn the entire blockthe only way to address the creaky floors". There's no Trump masterplan here (or anywhere else) than the sanewashing of his bs by his fanbois.
bryanlarsen 2y ago
> Trump is the only one willing to play ball with the Chinese Biden was also willing to do so. For example, he put a 100% tariff on electric cars. > But we do have a huge debt problem in this country. Which is largely Trump's fault. He increased the debt by $8T versus Biden's $5T, and people costing his promises on the campaign trail concluded that his promises would increase the debt at twice the rate that Harris's promises would have.
- lvl155 2y ago
  I agree with you. It’s definitely a big portion of the debt. However, Fed rate at current level is not sustainable. You can do the math and it simply would not work in the very near future. So you either let that play out or do something stupid like this. Not saying I have a better solution. No one does.

by lvl155 2y ago

sachinjoseph 2y ago

So this is the wrong way but will still address the deficit? How exactly will this address the deficit?

lvl155 2y ago
He’s (rather Bessent) literally crashing the economy in order to force the Fed to lower the rates. To be fair, a soft landing was a pipe dream. Bessent has a long history of talking about this type of reckoning.
- sachinjoseph 2y ago
  "Setting the building on fire was and in turn the entire blockthe only way to address the creaky floors". There's no Trump masterplan here (or anywhere else) than the sanewashing of his bs by his fanbois.

bryanlarsen 2y ago

> Trump is the only one willing to play ball with the Chinese Biden was also willing to do so. For example, he put a 100% tariff on electric cars. > But we do have a huge debt problem in this country. Which is largely Trump's fault. He increased the debt by $8T versus Biden's $5T, and people costing his promises on the campaign trail concluded that his promises would increase the debt at twice the rate that Harris's promises would have.

lvl155 2y ago
I agree with you. It’s definitely a big portion of the debt. However, Fed rate at current level is not sustainable. You can do the math and it simply would not work in the very near future. So you either let that play out or do something stupid like this. Not saying I have a better solution. No one does.