Donald Trump plainly admits to lying about his central campaign promises.

[Pemalite]

fatslob-:O said:

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.)

Well. That is a good point!

fatslob-:O said:

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!

Well. You can. You just need to play with inflation.

fatslob-:O said:

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

Exactly. However, it is a tool that can be used if the need arises, just one of many infact.

fatslob-:O said:

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.)

It can be an issue if it reaches a point where paying that debt becomes impossible.
Japan spends a significant portion of it's taxation revenue on paying it's debt, money that could have been spent on something new and shiny.

fatslob-:O said:

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.)

The USA is very strong in selling services. - That typically isn't always reflected in the US export numbers due to clever accounting by companies who keep that cash in other countries, or funnel it into a low-taxation country.

*****

The fact is, the USA will never be the worlds manufacturing hub, that will rest with China for the immediate future, regardless of what Tariffs/Taxes you introduce.
You need to transition your economy into higher skilled, higher paid, higher quality jobs, rather than keep looking towards the past.