Quote:
Originally Posted by MrBaldBastard
Whys Trump needed to borrow a trillion dollars just to cover the day to day running of the Government then?
Australia and the USA came out of the same recession very similar economically, Europe took the battering.
4 years later the Australian budget is balanced the Government is in surplus and swimming in cash and Australia has gone nuts on infrastructure building. There was worry when the USA dropped it tax rates many businesses would leave here... not a single one did.
You the American tax payer got scammed, the short term boost of Trumps cash gifts to the wealthy, achieved 25% of what they should of economically.... and its you the tax payer who will be left with the bill.
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Point very well taken.
If we are doing so well, why do we need to borrow so much 'more'.
My home economics are very good as long as I keep using the credit card.
Gotta pay the bill sometime.
Stock market rise does not pay for infrastructure spending needed to support future growth required by the same company's currently enjoying a good price/profits to shareholders. And the lower tax rates says someone else will be paying for it. But we can just borrow the money for it right ?