DiscoGary wrote:
TroLLminator wrote:Your point is mute. Do you think Trump is not going to go on a spending frenzy? Our economy can support much more spending, pretty much until we see signs of insolvency, which will not happen for a very long time.
That's right. Trump will go on a spending frenzy and it won't help the economy. If he cuts taxes and regulations, then that will help the economy, and it should be enough to spur enough growth to overcome the burden of Federal spending. That model worked under Reagan.
Obama spent huge amounts, passed loads of regulations, and left our taxes relatively high, so he got slow growth. I predicted that. I was right.
You are not en economist and that is partly true. This is a prime example of people trying to dumb down very complex issues and failing.
Spending money doesn't cause slow growth.
Increasing regulations does pose limitations on growth, but that is a known and accepted fact. There are obvious counterarguments to deregulation you aren't touching. The public health and environmental concerns, increased and unsupervised risk-taking in many industries, the further depression of the middle/lower class as the rich are constantly trying to further tilt the tables.
Our taxes are really low when you look at other developed nations, specially when comparing it to GDP.
Whether growth was bad under Obama is highly debatable. More people left the labor market then entered it, thats a negative and skews the importance of the unemployment rate. We are in the midst of one of the longest economic and market rallies in US history, so even if slow, it's pretty good.
So no, you are not right.
it should be enough to spur enough growth to overcome the burden of Federal spending.
And the above reveals just how little you know. At least offer some fuzzy math when making these highly uneducated claims.