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mhhf1ve
mhhf1ve
11/11/2016 9:30:14 PM
User Rank
Platinum
Re: Transformed
> "The federal debt will soar to dizzying heights."

I don't think Congress is THAT dumb.. Taxes will be cut for some.. and raised for others, so that it's revenue neutral for the govt. We just don't know who's going to get hit with the big bill yet.

And Trump is supposed to be a great businessman... how could he allow the fed debt to soar? Trump may try to impose tariffs to make up for tax cuts? I'm not convinced how that will work out in the long run, though.... 

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mhhf1ve
mhhf1ve
11/11/2016 9:28:30 PM
User Rank
Platinum
Re: Changing
> "...hold on to your fax machine and your typewriter as well!"

Too late. I've already thrown away all the fax machines I ever owned. And.. I've never actually owned a typewriter! (I've used one, but it wasn't mine....)

Kids today don't know why CRT displays are so big....

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DHagar
DHagar
11/10/2016 6:11:53 PM
User Rank
Platinum
Re: Transformed
@dmendyk - there you go!  I think the Fed will dig in and truly function independently - thank goodness - and no hacked emails!

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dmendyk
dmendyk
11/10/2016 6:06:14 PM
User Rank
Platinum
Re: Transformed
The federal debt will soar to dizzying heights. It will have to with all the tax-cutting that will take place, even if spending doesn't accelerate. The appetite for US debt will diminish greatly. The Fed is going to be an important firewall. Let's hope it turns out to be stronger than the Clinton firewalls.

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DHagar
DHagar
11/10/2016 6:00:26 PM
User Rank
Platinum
Re: Transformed
@dmendyk - I love the "cyclone fence" - that is priceless!

You are absolutely correct - there has to be money some where - although he is used to spending and then claiming bankruptcy (let's hope that is not the model he has for us).  But the small matter of the growing national debt does have to be taken into account on the federal level and you are right about local and state governments.

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dmendyk
dmendyk
11/10/2016 5:55:44 PM
User Rank
Platinum
Re: Transformed
The physical infrastructure issue is another huge (there's that word again) question. Most of these projects are funded at the state or local level, and those governments can barely afford to deliver basic services, let alone fund new initiatives (unless of course we're talking about massive sports venues that mainly benefit wealthy owners). The chances that the new Congress would authorize any significant public works spending are about as great as my chances of becoming the next Attorney General. So other than the purported Giant Wall, we'll see where that goes (and no one will be surprised if the Giant Wall turns out to be a cyclone fence with some barbed wire for decoration).

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DHagar
DHagar
11/10/2016 5:48:29 PM
User Rank
Platinum
Re: Transformed
@dcawrey - no matter what it will be "great"!

Really though, how can you have a sound economic recovery policy and programs without understanding the digital transformation.  Hopefully he will follow your advice and recruit people who do have the knowledge.  I note the tech stocks have not recovered since the election.

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DHagar
DHagar
11/10/2016 5:45:05 PM
User Rank
Platinum
Re: Transformed
@dmendyk - let's hope - that is a positive thought certainly - although he "knows more about everything than everyone!"

Agreed about manufacturing - let's see what this channel produces - at least there is a lot of infrastructure building to be done - so it may cover his presidency.

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DHagar
DHagar
11/10/2016 5:40:31 PM
User Rank
Platinum
Re: Changing
@mhhf1ve - hold on to your fax machine and your typewriter as well!

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dmendyk
dmendyk
11/10/2016 2:01:40 PM
User Rank
Platinum
Re: Transformed
Regulations typically have both good and bad effects, so removing them will also have both good and bad effects. The issue regarding telecom is that most of the operative regulations are at the state and local levels, which aren't reachable by the executive branch of the federal government.

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