Ron Paul: "Those tempted to blame the increases on President Biden, the Democratic Congress, or the Covid-related spending spree should consider the debt increase by around $1 Trillion a year in 2017, and 2018, years when the Republicans controlled the White House and both houses of Congress."
"Unfortunately, American politicians that run for president don't look to roll back the biggest government in history. They perpetually campaign to take a bad situation and make it even worse.
Donald Trump is a prime example.
Trump likes to talk about trade as a zero sum game, as if there are "winners" and "losers". That's a fundamental misunderstanding of trade and exchange, but it works on the campaign trail, so he sticks with it. Trump boasts about how "we're" going to "beat China" and how he's going to slap tariffs on them.
Unfortunately, his audiences don't understand that when they cheer for tariffs, they're cheering for Trump to tax them! Yes, you read that correctly. Trump plans on "beating China" by taxing Americans!
Trump, as president, would have no power to tax the Chinese. But he can tax Americans, and that's what a tariff is. American consumers would be forced to pay higher prices for Chinese goods. The tariff would also raise revenues for the U.S. government. In other words, money out of your pocket and into the largest government pockets on earth. Trump, instead of shrinking the gargantuan U.S. government would, with tariffs, bloat it further.
In keeping with government tradition, Trump is essentially promising us "Always Higher Prices". Perhaps he can trademark that along with "Make America Great Again".
Protectionism is very dangerous. When governments get started in trade wars, they all too often lead to actual hot wars.
Trump's ideas must be thoroughly rejected."
http://www.ronpaullibertyreport.com/...xing-americans
Donald Trump is a prime example.
Trump likes to talk about trade as a zero sum game, as if there are "winners" and "losers". That's a fundamental misunderstanding of trade and exchange, but it works on the campaign trail, so he sticks with it. Trump boasts about how "we're" going to "beat China" and how he's going to slap tariffs on them.
Unfortunately, his audiences don't understand that when they cheer for tariffs, they're cheering for Trump to tax them! Yes, you read that correctly. Trump plans on "beating China" by taxing Americans!
Trump, as president, would have no power to tax the Chinese. But he can tax Americans, and that's what a tariff is. American consumers would be forced to pay higher prices for Chinese goods. The tariff would also raise revenues for the U.S. government. In other words, money out of your pocket and into the largest government pockets on earth. Trump, instead of shrinking the gargantuan U.S. government would, with tariffs, bloat it further.
In keeping with government tradition, Trump is essentially promising us "Always Higher Prices". Perhaps he can trademark that along with "Make America Great Again".
Protectionism is very dangerous. When governments get started in trade wars, they all too often lead to actual hot wars.
Trump's ideas must be thoroughly rejected."
http://www.ronpaullibertyreport.com/...xing-americans
Donald Trump Says Israel Should 'Hit' Iran's Nuclear Sites First
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Video: https://youtu.be/5wwm4OiYY5M
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Even though GOP leaders are so far staying away, the White House has strongly rebuked Trump's comments, calling them "anathema to the soul of our nation.”`
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National Debt by President
Joe Biden 2021 – present* $6.66 Trillion 23.42%
Donald Trump 2017 – 2021 $8.18 Trillion 40.43% (one single term)
Barack Obama 2009 – 2017 $8.34 Trillion 69.98% 9 (2 full terms)
https://x.com/FOX4/status/1828149971746451586
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