Trump Is Fighting For Our Economic Future

The ticking time bomb of America’s national debt is one of the reasons that Trump is looking at new tariffs to produce additional income to the American Treasury. For the past several decades, it has become apparent that the American political class is unable to slow down the growth of spending. Our federal budget projections show growing deficits that explode over the next decade. Meanwhile no one wants to contemplate what will occur when the brushfire of American debt explodes into a full fledged forest fire of a debt crisis. 

Last week, Wall Street pitched a hissy fit when Trump introduced his tariff plan. The stock market dropped substantially and stock traders panicked. 

If the American debt crisis is not addressed, there will be a future tipping point when America’s debt overwhelms the financial markets. When the inevitable debt crisis explodes, the Wall Street crash will not be a 3 day tremor. The majority of investment portfolios will be halved or worse for decades. 

Trump is attempting to address the looming debt crisis on 3 fronts. First, he is addressing government spending by turning the “DOGE dogs” loose on all government departments. Government spending has to be restrained or disaster will be inevitable. It is impossible to restrain government spending without having the recipients of government funds raising a ruckus to keep the spending intact. DOGE is attempting to stop the wasteful and inefficient spending while preserving the funding for needed projects. 

The second leg of the Trump plan is the introduction of new tariffs that will raise additional funds for the American treasury. Trump believes that instituting tariffs on foreign companies is better than raising taxes on American taxpayers.

The tariff is a price the foreign manufacturers will pay to sell their products to the American consumers. The additional benefit of tariffs is they will help reach the Trump goal of bringing back American manufacturing jobs. In the short term, the tariff income is more money to lower our national debt. The additional manufacturing jobs will be a long term benefit to our economy.

The third leg of the Trump economic plan is the deregulation of the American economy. The plethora of regulations that the Democrat bureaucrats have instituted would prolong any attempts to increase our manufacturing base. Trump is slashing the regulations in order to speed up the construction of new manufacturing facilities. 

America has been the premier economic power in the world because of the ability of entrepreneurs to disrupt the status quo and turn new ideas into successful business enterprises. It is not an easy process and the road to success is often rocky. 

Trump is going through a similar process by using tariffs to help reindustrialize our economy and lower our federal deficit. The clueless Democrats are fighting him every step of the way. Ironically, their children and grandchildren will be the beneficiaries if Trump is successful.