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Originally Posted by Chico23231
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Yeah but we're borrowing at an absurd rate to make it happen, which eventually has consequences.
Trump's tax plan dropped tax rates, so parts of the public are enjoying that significant change, but the federal government has not reduced spending in concert. The deficit has grown significantly larger.
It's the same effect as a stimulus. Obama's was an injection fed by quantitative easing, ours is an injection of Chinese cash buying up more of our debt. It will eventually impact inflation rates and the strength of our currency in a negative way.