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DHagar
DHagar
11/14/2016 9:52:58 PM
User Rank
Platinum
Re: Transformed
@Ariella, true, to create jobs you have to have someone with more money - it won't come out of thin air.  And to further create prosperity for the individual you need to develop the incentives to work and secure higher income opportunities, the incentives to save money and spend on consumer goods, and the ability to retain more than just paying taxes, mortgage, necessities, and healthcare premiums.

I question whether that is a part of his calculation from Trump Towers?

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DHagar
DHagar
11/14/2016 9:48:08 PM
User Rank
Platinum
Re: Transformed
@dmendyk - that is my primary concern.  The desire may be there but building and/or transforming the economy to stimulate greater benefits is different than negotiating and closing a real estate deal.  One is dynamic and the other is gaining an advantage.  I am concerned we may now be in for strategies that win the battle but lose the war.

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DHagar
DHagar
11/14/2016 9:44:50 PM
User Rank
Platinum
Re: Changing
@mhhf1ve, I am with you!  Although we all know now how to type!

Actually, beyond CRT's, a lot of young people don't know why we are using keyboards.  I think this will all evolve.

In the meantime, President-elect Trump is still Tweeting!

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Ariella
Ariella
11/14/2016 3:24:08 PM
User Rank
Author
Re: Transformed
Trump claimed he plans to cut the debt in a response to a question transcribed here http://2016.presidential-candidates.org/Trump/?on=deficit-debt. But what he says and what actually happens may be not be the quite the same.  When it comes to money issues, I don't know how many people believe Trump can bring more jobs here. What is of more immediate concern to them is not turning over half their paycheck to health insurance company. Most people have found themselves paying way more for health insurance in the wake of Obamacare. Even those who found their premium increases doable were still hit (as we were) with changes in their policies coverage that increased deductibles.

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mhhf1ve
mhhf1ve
11/12/2016 2:18:16 PM
User Rank
Platinum
Re: Transformed
Exactly. Trade wars and debt aren't a good combination. Sure, we've had deficit spending for quite some time, but how long can we keep it up AND start a trade war? Fiscal conservatives shouldn't allow this scenario to happen.

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dmendyk
dmendyk
11/12/2016 11:30:39 AM
User Rank
Platinum
Re: Transformed
I'm not sure if it's necessarily big trouble -- deficit spending is nothing new and is favored by the Keynesian set (ironic, since "conservatives" don't like Keynes very much). The trouble can come if reckless policy causes a big disruption in the bond markets. A generation or so ago, we were dealing with double-digit inflation rates in large part because of instability in that sector. A trade war with China -- a big buyer of US debt in the past -- won't help.

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mhhf1ve
mhhf1ve
11/12/2016 11:22:04 AM
User Rank
Platinum
Re: Transformed
If your prediction is right, and there are no checks&balances to prevent a soaring debt... We are in big trouble.

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dmendyk
dmendyk
11/12/2016 10:53:37 AM
User Rank
Platinum
Re: Transformed
If we go by what has been said -- which is no guarantee of anything, but it's all we have -- the President-elect is on record as saying he "loves debt." And what we know about his businesses confirms that affection. Add in the fact that the party in power has a long track record of cutting taxes first and sweating the details later (see what happened to the national debt in the Reagan years, for instance), and it's not hard to see a massive deficit piling up over the next four years. And don't forget the stated intention of bolstering military spending, rounding up millions of bad hombres, building big, beautiful walls, and other such programs. So it's more than reasonable to expect a huge spike in the deficit. Your assumption about the collective intelligence of Congress is admirable, but the evidence doesn't support it.

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mhhf1ve
mhhf1ve
11/12/2016 12:18:10 AM
User Rank
Platinum
Re: Changing
CRT monitors and TVs last forever.. But they also take up a lot of space (and use a lot more energy) than LCD/LED displays.

I do enjoy seeing "screen savers" on non-CRT displays that will never experience "burn in" and don't need to run a program to prevent damage.....  

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batye
batye
11/11/2016 11:29:43 PM
User Rank
Platinum
Re: Changing
@mhhf1ve call me old school I still have CRT monitor and TV, typewriter and fax machine... as backup I have scanner :) 

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