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 |   Tales from real life |
| Well, if they're not true, they oughta be! |
King Don the Turd claims that America is being cheated by foreign nations, but he's so full of shit that his middle name is John (true story!). The truth is always the exact opposite of what Trump claims. The U.S. standard of living is actually the highest in the world. American obesity is epidemic, and the fitness industry brings in $40 billion a year. Middle-class American families have two cars, and most people drive to work. In Europe, a middle-class family might have one car, and most people go to work by bus, bicycle, or on foot. Gasoline in almost all other countries costs 1 1/2 to 2 times what Americans pay. Foreign visitors are always shocked by America's huge supermarkets overflowing with low-priced food products. Housing in the U.S. is also more affordable. Other countries have mortgage terms of 50 years or more. The only way a family can purchase a home is for the children to inherit their parent's loan. And amid all this plenty, the U.S. ranks only 45th in taxes paid by the average citizen. How can the U.S. enjoy so much and pay so little? It's all based on debt and deficit spending. That is simply a fact. The U.S. national debt was approximately $6 trillion in 2001, when George W. Bush took office. It was the last time that the U.S. government achieved a balanced budget. By the end of 2024, the debt grew to almost $36 trillion. The math isn't difficult (unless you're in the Trump cabinet). America has spent $30 trillion of other people's money since 2001. If any nation is being cheated, it certainly isn't America. Bill Clinton's budget surplus was due to taxes that he pushed through in his first year in office (although his budgets also contained some spending cuts). The Clinton tax increase was directed at upper-income taxpayers. Republicans falsely claimed it was the largest tax increase in history, and they portrayed it as a horrible burden for the middle class. The smear tactic worked well enough that Dubya was able to steal the 2000 election and begin the process of looting the U.S. economy on behalf of a wealthy elite. Whatever happened to the old-fashioned idea of paying your own way? Americans hold some of the national debt (I have some savings bonds myself), and half of it is made up of accounting tricks where the government borrows money from itself, but almost 25% is held by foreign countries. And the biggest incentive for foreigners to invest in the United States is stability. Wealthy elites from around the world park their money in American investments because they feel safe. But now we have a freakin' moron in charge who boasts, "I love chaos." He's determined to extort even more money from people who are already financing America's spending addiction (Make America Grift Again). And a very plausible response to this insane trade war is to halt investment in the U.S. economy. If the value of the dollar falls, then foreign investors could sell their holdings or even call in their loans. The result would be a downward spiral for the U.S. dollar that might last for years. This would make the government debt that Americans hold worth far less than they invested. The Trump administration might even choose to default on U.S. bonds. What a rosy prospect! And even if the tariffs did force manufacturing back to the U.S, prices would be permanently higher. Lower cost is why the Republicans moved their businesses to Asia in the first place. Many Asian workers get a daily wage comparable to an American's hourly wage. Are you patriotic enough to take a 50% pay cut to prop up the economy? How would you support your current spending habits if you did? The process of moving industry takes years. Wages would be lost entirely in the interim and sales of almost everything would suffer. So, what do we call it when the economy shrinks, the dollar goes down and prices go up? That's right, inflation. Fueled by the bilious gases that emanate from the biggest horse's ass in history. Perhaps that's why he calls himself a stable genius. |
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