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So: GFC2 moves a step closer. The US thinks that insular foreign policy innoculates it, but the harsh reality is that in the modern era, all financial crises begin in Wall Street.
BTW with the amount Trump has borrowed this year + the billions of loot he allowed to come back + lowered taxes.. if your economy is not surging more than it has at anytime in the past, then there's serious issues.
The Trump tax cuts are fiscal stimulus, not offset by increased budget revenue or cuts in spending (in fact expenditures actually increase).
The US budget deficit will increase over the next few years from 3 per cent of GDP to more than 5 per cent. Of course this will stimulate short-term growth, but at the cost of mounting government debt and a need to wind back the deficit later.
This is a politically driven sugar-high for your economy that's likely to backfire dramatically and YOU the tax payer will pay the cost.. well into the future.
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