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Non sequitur

Well-Known Member
Greenspan recently did an interview. In that interview he says:. Regulations are way overboard that has stifled innovation and new business creation. Also the Feds have to cut spending and entitlements. He emphasized, I'm not referring too social security and Medicare.
 

bbsam

Moderator
Staff member
Except the tax cuts have resulted in more government revenue, not less. We don't have a every problem, we have a spending problem.
We have a spending problem. We have for at least 40 years. We know
It and yet insist on cutting taxes, never spending, and blaming the other side. That’s just stupid.
 

bbsam

Moderator
Staff member
Greenspan recently did an interview. In that interview he says:. Regulations are way overboard that has stifled innovation and new business creation. Also the Feds have to cut spending and entitlements. He emphasized, I'm not referring too social security and Medicare.
Greenspan? Recently?
 

bbsam

Moderator
Staff member
China has its own systemic issues and depends very much on U.S. trade. That's the leverage Trump has in negotiations. And as the saying goes Rome wasn't built in a day. It took decades to get us where we are and it'll take time for us to be rebuilt. That's a glaring difference between us and China. We want immediate results, driven by quarterly reports. China is on a long range plan to improve everything.
And that’s China’s leverage. They can wait Trump out.
 

bacha29

Well-Known Member
China has its own systemic issues and depends very much on U.S. trade. That's the leverage Trump has in negotiations. And as the saying goes Rome wasn't built in a day. It took decades to get us where we are and it'll take time for us to be rebuilt. That's a glaring difference between us and China. We want immediate results, driven by quarterly reports. China is on a long range plan to improve everything.
That along with a president for life is why they can and will wait us out.
 

Old Man Jingles

Rat out of a cage
Nobody was disputing the spending. Wondering about the supposed increased revenue.

Not that it matters. If the increased revenue doesn’t offset the tax cut, plus pay begin paying down the debt, it’s a failure.
Except to the people who wanted to work and couldn't get a job under Obama.
Now they got a job and off the government dole.
 

Babagounj

Strength through joy
China has their own problems, too.
They over spent on the Belt and Road project globally.
The new investor capital never came, leaving China in the whole for Billions.
In oversea projects they signed contracts that will cause the host countries to declare bankruptcy and open the doors to a complete take over by China.
Which will cause China to spend even more to maintain.
 
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