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It would cause a temporary downturn for sure.

Posted on: January 22, 2017 at 17:13:44 CT
ummmm MU
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But it is a house of cards. It is an economy built on debt, both sovereign and personal. It will not last no matter what.
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Trump debt - meatiger MU - 1/22 16:55:10
     RE: Trump debt - MOCO SON MU - 1/22 17:38:45
          RE: Trump debt - meatiger MU - 1/22 17:56:20
               RE: Trump debt - MOCO SON MU - 1/22 18:03:53
     How many successful companies has he created? - Johnny Utah MU - 1/22 17:26:46
          RE: How many successful companies has he created? - meatiger MU - 1/22 17:55:17
               How many has any previous president created(nm) - tman KC - 1/22 18:48:46
                    RE: How many has any previous president created(nm) - meatiger MU - 1/22 19:35:37
     he now understands the struggles of the average american - dangertim MU - 1/22 17:11:06
     I'm hoping he doesn't cut a bunch of corporate taxes - Hbombtiger STL - 1/22 17:08:30
          He's already said he will cut corporate tax rates(nm) - Mo Texan MU - 1/22 17:21:22
          Depends on where he goes - meatiger MU - 1/22 17:13:59
               But history says it won't. MO cut corporate taxes - Hbombtiger STL - 1/22 17:34:46
                    At the Federal level, it generally does - FootballRefugee MU - 1/22 19:24:02
                    RE: But history says it won't. MO cut corporate taxes - sarasotatiger MU - 1/22 18:30:45
          It's working great for kansas(nm) - TheShoe STL - 1/22 17:11:06
     We don't want him to keep the US govt afloat - ummmm MU - 1/22 17:06:39
          Defaulting on our loans would collapse the world economy(nm) - TheShoe STL - 1/22 17:12:01
               It would cause a temporary downturn for sure. - ummmm MU - 1/22 17:13:44
                    We would survive in a bruised and damaged manner - TheShoe STL - 1/22 17:16:43
                         I highly doubt that. Despite government's draining of the - ummmm MU - 1/22 17:18:53
          That would pretty much kill the economy. Interest rates - SparkyStalcup MU - 1/22 17:08:40
               It would be a drastic, much needed restructuring of an - ummmm MU - 1/22 17:09:36
                    Needed and will happen eventually regardless (nm) - escalade NWMSU - 1/22 17:14:05
                    Completely unnecessary economic suffering and pain - SparkyStalcup MU - 1/22 17:13:00
                         It is absolutely needed, and it will absolutely come. - ummmm MU - 1/22 17:15:26
                              Your plan calls for an economic disaster, and an unncessary - SparkyStalcup MU - 1/22 17:19:05
                                   My plan does not call for anything. But, yes, if the US - ummmm MU - 1/22 17:20:56
                                   Also likely to spark more wars. (nm) - tigerspy MU - 1/22 17:20:27
     Assuming he broke no law in the process, it - GA Tiger MU - 1/22 17:03:15
          So...let's make a bunch of deals - meatiger MU - 1/22 17:06:29
               Only those aren't deals. They're mostly unilateral - GA Tiger MU - 1/22 18:05:18
     I get that businesses fail - TheShoe STL - 1/22 17:00:19
          Which is part of the free market - to the extent it is. - GA Tiger MU - 1/22 17:02:34
               I assume you pay your bills - TheShoe STL - 1/22 17:08:02
                    Only to the extent individuals were hurt or lost jobs from - GA Tiger MU - 1/22 17:11:40
                         LOL - meatiger MU - 1/22 17:15:36
                              Somewhat like people who cause an accident, people - GA Tiger MU - 1/22 18:11:12
                         Unfortunately it's a little more complicated - TheShoe STL - 1/22 17:15:35
                    you are comparing paying your cable bill - Butcher of Bakersfield STL - 1/22 17:09:29
               And under those circumstances - meatiger MU - 1/22 17:07:14
               there is a reason it is called risk - Butcher of Bakersfield STL - 1/22 17:03:39
     Unfortunately, he can't just declare CH 11 for the US Govt - tigerdb MU - 1/22 16:58:56
          The Obama federal debt is $20 trillion genius - El Zorro MU - 1/22 17:01:21
          Except that the US govt has no problems paying back its - SparkyStalcup MU - 1/22 17:00:38
               The US govt cannot repay any of its debt. - ummmm MU - 1/22 17:08:32
                    It can repay all of it. Taxes are not theft. nm - SparkyStalcup MU - 1/22 17:14:14
                         Taxes absolutely are theft. - pickle MU - 1/22 18:53:00
                         "It" does not repay anything. It steals money from people - ummmm MU - 1/22 17:16:48
               Really. Wait'll the rest of the world decides - GA Tiger MU - 1/22 17:05:00
               Obama has us $20 trillion in the hole sparky - El Zorro MU - 1/22 17:02:33
                    If his policies are enacted, the deficit and the debt will - SparkyStalcup MU - 1/22 17:05:08
                         We shall see won't we? - El Zorro MU - 1/22 17:48:10
     How much is he in debt now.... - Logan BAMA - 1/22 16:57:32
          You do know that bankruptcy eliminates debt? - Mo Texan MU - 1/22 17:02:30
               Not always. Chapter 13 simply restructures debt, and - SparkyStalcup MU - 1/22 17:06:58
                    Understand, but regardless it eliminates some of the debt - Mo Texan MU - 1/22 17:15:02
                         Again, not always, but it certainly eliminated a lot of - SparkyStalcup MU - 1/22 17:17:21
               Ask again...how much is he worth now? (nm) - Logan BAMA - 1/22 17:04:52
                    No one knows as he has not disclosed his debt or his - Mo Texan MU - 1/22 17:08:22
                         Yes, he has conveniently kept that hidden, hasn't he? I - SparkyStalcup MU - 1/22 17:20:08
                              Exactly, he is biggly out of character on this(nm) - Mo Texan MU - 1/22 17:34:46
     Golly gee he is just SO good (nm) - raskolnikov MU - 1/22 16:56:00




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