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To: central_va
A 20% import tariff would stop the bleeding and borrowing.

Or trigger a world wide depression. Possibly a world war.

This economic stuff is not easily predictable. It often does weird counter-intuitive things.

The one thing I know we need to do is stop letting non-taxpayers vote. Then we need to reign in the spending party in Washington D.C.

But none of that is going to happen. We are going to crash.

19 posted on 08/02/2016 2:24:50 PM PDT by DiogenesLamp ("of parents owing allegiance to no other sovereignty.")
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To: DiogenesLamp
Or trigger a world wide depression. Possibly a world war.

If orders for durable goods drops for foreign made items then how does that kill the USA economy? Laid off factory workers in other countries can KMA. So your comment MAKES NO ECONOMIC SENSE.

Better if we just go ahead and go over the cliff? Screw that. SMOOT HAWLEY did not do anything to cause or worsen the Great Depression. That is myth and a lie. If S-H act had not been passed the history of the 1930's would have been exactly the same.

21 posted on 08/02/2016 2:30:17 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: DiogenesLamp
But none of that is going to happen. We are going to crash.

Not if we apply the brakes, called tariffs.

22 posted on 08/02/2016 2:31:37 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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