Hilltop Husker - 4/2/2025 23:51
Trade deficits are in no way a correlation to a complete balance sheet. It would be the equivalent of a single line item. American consumers are better off with a trade deficit. They spend less on goods and have more money to spend elsewhere to stimulate the economy. When finance and services are nearly triple the percentage of gpd as manufacturing and the countries that we have a deficit with use our financial and service industries deficit trade will never matter.
If I and all the economic textbooks I have are incorrect please correct me.
Why are we 36 trillion in debt and currently spending a 1.8 trillion dollar deficit? 1 trillion+ is on direct welfare alone. Why do we need welfare when we shipped all low paying jobs overseas for high paying jobs in the u.s? Why has the wealth distribution gap in the u.s widened during this time period? Etc.
You say we are an economic powerhouse but who is it benefitting? The middle class? Then why is the middle class shrinking? Etc.
I could go on and on but I won't. Economically we are booming. It just doesn't feel like it to most in our country. A little weird.
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Tariff issue is hard for me.....
