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fatslob-:O on 17 December 2016
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Pemalite said:

Debt isnt an issue. In-fact, Debt is a good thing.

Debt is an awful thing if you haven't experienced how bitchy the creditors will get ... (Especially if most of you're creditors are your own citizens like the US.)

Fun fact. All that debt could all be paid, overnight. - But that would be catastrophic for your economy and would set you back decades.

We literally can't do that. If we used the M1 definition of money supply we would only have 1.2 trillion dollars worth of notes and coins on hand and that's including supply that's circulated abroad! 

Remember the USA is a sovereign nation, with intimate control over it's currency, which most other currencies in the world are pegged against.

People will get really pissed if you print lot's of notes since it'll devalue the currency ... 

What you need to look at... Is Debt to GDP ratio. Once it starts getting super crazy, then you worry, like Japan.

Nah, Debt to GDP ratio isn't at all an issue if we take a look at Luxembourg. What should be an issue is interest rates vs GDP growth cause if the former is growing at a faster pace than the latter that is when debt becomes unamangeable but another thing to factor in is whether or not a nation is a creditor like China to protect itself from debt.) 

For example... Many countries back in World War 2 took out rather significant loans for their various war efforts, these loans weren't "Tiny" some were the size of their own economy. (Aka. 100% Debt to GDP.)
The end result is, those countries didn't pay all that money back overnight, some countries are still paying those loans off... But thanks to their countries growth, that debt is less than 1% of the equivalent GDP today and is a drop in the bucket.

With that in mind... Trump wishes to spend Trillions on infrustructure, will spend Trillions/Billions on tax breaks for big business and the rich. - But Obama is somehow worse? Please.
Trickle down economics doesn't always work.

Tariffs could have a negative impact on the USA's trade as well. I know I will be less inclined to buy American goods/services, not to mention low and middle income earners will be hit harder with price increases, meaning less disposable income to help drive your economic wheels.

Hmm, considering that the US is a net importer rather than a net exporter like China I highly doubt that to be the case ... (The nation would be able to save up on hundreds of billions because eliminating trade deficits.) 

Plus the entire world isn't going to stop buying from China either, the world is a larger economy than the USA.
If the USA does reduces the amount it purchases from China due to Tariffs, the world isn't going to start buying American, we will continue to buy Chinese. You are only hurting yourselves.

The only ones that get hurt from tariffs are consumers but producers benefit from tariffs so in America's case it would be a benefit to them since money is more likely to circulate in the nation rather than if they had embraced unconditional trade ... (the same most likely applies to net importers as well)