The United States Is Even More Broke Than We Think

Seeking Alpha ^ | 06/22/2018 | Ronald Surz

[DoodleDawg]

Annual imports = $2.4T. 25% = $600B. The average deficit over the last 20 years is around $600B

Current deficit is pushing $1 trillion. And you have to remember that the purpose of tariffs is not to produce revenue so much as to decrease imports. So if your tariff is successful then the revenue it raises should go down over time.

[central_va]

And you have to remember that the purpose of tariffs is not to produce revenue so much as to decrease imports.

Who sad that? Not me. Tariffs can be justified as a superior revue collection mechanism, far superior to the income tax..

[DoodleDawg]

Tariffs can be justified as a superior revue collection mechanism, far superior to the income tax..

You don't think that making everything imported 25% higher isn't going to discourage imports? Well then what the heck, why not a 250% tariff on everything? Go big or go home.

[GOPJ]

So it’s friggin illusion that they take money out of everyone’s paychecks?

Gimme a break.

[central_va]

Ok, you’ve been told this 1,000 times. Lets make this 1,001. The Federal Govt. from 1789 to 1913 was completely funded by tariffs. The is no reason the USA cannot go back to that now. All it takes is political will.

[FreedomNotSafety]

SS taxes at 14% are no illusion. The withholding is real. And the money goes directly to the US Treasury and then on to recipients. It’s not a pension and there is no trust fund. The check you get is determined by Congress.

[GOPJ]

I know how democrats screwed the American worker over with their lies... everyone knows what they did.

But until they stop stealing from us and taking money out of our paychecks to pay for their irresponsible choices, we’re gonna remind them of what they promised.

[GOPJ]

I know how democrats screwed the American worker over with their lies... everyone knows what they did. But until they stop stealing from us and taking money out of our paychecks to pay for their irresponsible choices, we're gonna remind them of what they promised.

If a company had treated their workers the same way, they'd be in jail... Really if GE had taken money out of their workers pay checks - then spent the money on things to keep the directors in their spots, they would be in prison. As our 'democrat' thieves should be...

[DoodleDawg]

Ok, you’ve been told this 1,000 times. Lets make this 1,001.

(*sigh*) Seems like more than that.

The Federal Govt. from 1789 to 1913 was completely funded by tariffs. The is no reason the USA cannot go back to that now. All it takes is political will.

And a 100% tariff on every dollar of imported goods.

[StoneWall Brigade]

What’s going on with the Page? I tried to share this to my Facebook and its telling me the page does not exist