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Larry Kudlow: Trump won't pay down any of the national debt
Washington Examiner ^ | April 29, 2019

Posted on 04/29/2019 10:51:27 AM PDT by deplorableindc

White House chief economic adviser Larry Kudlow told reporters Monday that President Trump is unlikely to pay off any of the national debt, currently at $22 trillion.

"Whoa, whoa, it doubled under the prior eight years," Kudlow said on the White House driveway, downplaying Trump's responsibility for the current level of debt.

"Yes, it's gone up a bit," Kudlow conceded, but he argued that "growth is the solution to any debt issues that might be on the table — and so far, so good. Let's just keep the policies in place."

(Excerpt) Read more at washingtonexaminer.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: debt; larrykudlow; nationaldebt; trumpeconomy
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To: Mr. K; deplorableindc

He is making same mistake Reagan made by signing bills which Speaker O’Neill pushed with excessive spending.

Yes, the president can’t stop anything single handedly, but he/she can veto spending bills, and let the congress critters over-ride them. At least then the intelligent voters will see who is responsible for the ugly and unaffordable national debt being passed on to your children and grand children. Where are the vetoes, Mr President?

The interest paid on national debt will soon be larger than the military budget. Debt is not pain-free. Ask my mother-in-law who had to declare bankruptcy due to excessive credit card debt.


61 posted on 04/29/2019 1:41:07 PM PDT by entropy12 (Learn all you can from the mistakes of others. You won't have time to make them all yourself.)
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To: DoughtyOne
Can’t argue with that. I would hope they would, but there’s nothing anyone can do if they set their mind to over-spending.

The democrats are doing it on purpose to sink America (the Cloward-Piven strategy), and most of the republicans are either too stupid to understand that or too gutless to put a stop to it.

62 posted on 04/29/2019 1:47:15 PM PDT by jpl ("You are fake news.")
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To: DoodleDawg

No argument from me!
I’m just making a comment on the problem.


63 posted on 04/29/2019 1:59:26 PM PDT by Reily
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To: entropy12

You’re still evading the question.

And a better term for negative inflation is deflation.


64 posted on 04/29/2019 1:59:51 PM PDT by Moonman62 (Facts are racist.)
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To: entropy12

The obvious answer is the gov’t is flooding the monetary system with electronic money.

...

No they aren’t. The yield curve is flat. The market rate for money at the short end would be much lower than the funds rate. That’s not flooding.


65 posted on 04/29/2019 2:02:23 PM PDT by Moonman62 (Facts are racist.)
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To: deplorableindc

Trump: I will eliminate U.S. debt in 8 years - April 2016


66 posted on 04/29/2019 2:05:51 PM PDT by oincobx
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To: jpl

I agree. Sadly...

The stupid part fails us again.


67 posted on 04/29/2019 2:19:59 PM PDT by DoughtyOne
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To: deplorableindc

In Ron Cernow’s book Hamilton, he talked about a idea that Hamilton had on dealing with the National Debt. He wanted a dedicated revenue stream just paying and keeping the debt down. Sadly that idea was never implemented.

The best idea I think would be a National Sales Tax of say 2 to 3% with that money only used for paying down the debt. Something like that could work if and only if the Politicians did not screw it up. Of course they would.


68 posted on 04/29/2019 2:25:51 PM PDT by Captain Peter Blood
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To: All

The debt ceiling was reestablished on March 2nd and the Treasury Dept. is in “extraordinary measures” mode again (borrowing from the federal TSP “G fund”, etc.). Another “crisis” by September, the usual government shutdown threat, etc., etc..

Some good reading on the “general state of things”:
https://www.howestreet.com/2019/04/28/how-i-learned-to-love-the-debt/


69 posted on 04/29/2019 4:01:03 PM PDT by Drago
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To: deplorableindc

The value of assets covered by the stock market has increased about nine trillion dollars since Trump took office - almost half the value of the national debt - it may not be necessary to actually “pay down” that debt as long as we can show that we have assets available to back up what we owe.....


70 posted on 04/29/2019 4:39:38 PM PDT by Intolerant in NJ
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To: Moonman62

If you think countries in Europe with negative interest rates are not experiencing inflation, I pity your lack of world knowledge. I have personally traveled in almost every country in Europe, and the prices between now and during my first visit in 1969 are light years apart.


71 posted on 04/29/2019 4:55:55 PM PDT by entropy12 (Learn all you can from the mistakes of others. You won't have time to make them all yourself.)
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To: Moonman62

HAHAHAHAHAHAHAHA...$ 1,000,000,000,000 excess spending over tax revenues? That is not loose fiscal policy?

OK go back to smoking whatever stuff you have.


72 posted on 04/29/2019 4:58:23 PM PDT by entropy12 (Learn all you can from the mistakes of others. You won't have time to make them all yourself.)
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To: Moonman62

The government isn’t who you want “putting money to work” - they have to take your money to do it, and then spend it without responsibility or efficiency.


73 posted on 04/29/2019 6:31:21 PM PDT by Wayne07
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To: entropy12

You’re changing the subject from the Us to the EU for obvious reasons. You’re wrong about the US.

But I’ll comment on the EU anyway. The EU is dominated by Germany which is running a budget surplus and trade surplus with little economic growth. The EU yield curve isn’t that far out of line with Germany’s inflation. Short rates are negative because the ECB is attempting to stimulate the economy with low interest rate.

Their problem is the same as here. Their central bank is manipulating interest rates. Germany’s government should cut taxes, run a deficit and let the market do its thing.

I’m not the only one who thinks so:

https://www.cnbc.com/2019/04/08/ecb-good-work-should-shame-euro-area-politicians-—commentary.html


74 posted on 04/29/2019 6:43:24 PM PDT by Moonman62 (Facts are racist.)
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To: entropy12

The obvious answer is the gov’t is flooding the monetary system with electronic money. The bank can borrow from FED at the stipulated rate, so money supply is never short. How do you think the gov’t can spend $1,000,000,000,000 every year more than they take it in with taxes?

...

The government with its excellent credit borrows the money by issuing securities.

Stop laughing at yourself.


75 posted on 04/29/2019 6:49:23 PM PDT by Moonman62 (Facts are racist.)
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To: Wayne07

The government isn’t who you want “putting money to work” - they have to take your money to do it, and then spend it without responsibility or efficiency.

...

The government puts money to work in the private sector by borrowing money rather than raising taxes.


76 posted on 04/29/2019 6:51:25 PM PDT by Moonman62 (Facts are racist.)
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To: Moonman62

If you were my financial adviser, I would say what PDJT used to say on his popular TV show...YOU’RE FIRED!


77 posted on 04/29/2019 7:41:04 PM PDT by entropy12 (Learn all you can from the mistakes of others. You won't have time to make them all yourself.)
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To: Moonman62
You’re changing the subject from the Us to the EU for obvious reasons. You’re wrong about the US.

US is in far worse shape than many EU countries, for many reasons, the prominent one being massive bubbles in stock market and real-estate due to artificially low interest rates. Trump is holding up the country but he won't last for ever. When he is gone, asta la vista baby!

78 posted on 04/29/2019 7:45:24 PM PDT by entropy12 (Learn all you can from the mistakes of others. You won't have time to make them all yourself.)
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To: deplorableindc
Kudlow and crew don't want the Keynesian train to stop. Nobody cares about cutting spending, and they know they will not produce similar results for a while if they do cut .gov.
79 posted on 04/29/2019 7:46:15 PM PDT by Theoria (I should never have surrendered. I should have fought until I was the last man alive)
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To: entropy12

President Trump is right.

Larry Kudlow is right.

Moonman62 is right.

entropy12 is wrong.

I like the company I keep.


80 posted on 04/29/2019 8:00:12 PM PDT by Moonman62 (Facts are racist.)
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