#thedeficit

[babyawacs]

#trumptariffs nobrainer aform of tradetax leading to stagflation ? @all @world @potus @vp @bbc_whys .@bbcradio4 @bbcr4 @theeconomist .@theeconomist @bundeswehrinfo @deut schland @usa .@usa @ameria @beckyquick @squawkcnbc @cnbcstreet @handelsblatt @gop @dnc .@thedemocrats @california @texas .@ny .@la .@federalreserve @federalreserve .@ecb @ecb @ezb .@bankofengland @ban kofengland .@girl @girls @women .@woman @phoenix_de @sz @welt @spiegelonline @bild ‎ but #federalreserve #bankofengland #ecb howdothe #centralbanks rate the effects when domesticdemand economy form and services economy may offset the higher tariffs over wage inflation effects but at whichtimeliness and before less services atwhich layer to pay these tariffs as customer : atwhich moment the tax flows to government from consumer priced higher to firm paying the money to us govt in need to reduced demands either participant of the tradeside but if domestic demand and services can raise wages quic kly if services profitable : cannot if the cashflow is indirectly to govt as a form of trade tax the form domesticdemand and services economy why thedeficits so e xtreme now govt tax alltrade participans withconsumers no choice but topay whatmustbe imported becauseofthis #keypoint  stagflation ?

#trumptariffs nobrainer aform of tradetax leading to stagflation ? @all @world @potus @vp @bbc_whys .@bbcradio4 @bbcr4 @theeconomist .@theeconomist @bundeswehrinfo @deutschland @usa .@usa @ameria @beckyquick @squawkcnbc @cnbcstreet @handelsblatt @gop @dnc .@thedemocrats @california @texas .@ny .@la .@federalreserve @federalreserve .@ecb @ecb @ezb .@bankofengland @bankofengland .@girl @girls…

[kindestinterrogations-blog]

A deficit of truth

Can somebody please tell me why every major political party’s economic plan is centered around deficit reduction?  Why deficit reduction and not debt reduction?

Until recently I wasn’t completely sure what the difference was and I don’t think I’m alone in my ignorance.  Cameron likes to exploit this confusion and is allowed to get away with outrageous claims like “I’m cutting the deficit and helping Britain get back in the black.”  No you’re not!  National debt is still rising, we’re more skint now than we were in 2010!  If the infamous note be true and there really wasn’t any money left when Labour left office five years ago then the note has now been sold on eBay and the profits invested into a private Political Memorabilia steering group run by Goldman Sachs.

I’ve read precisely three articles about the difference between deficit and debt.  It’s all I could manage.  But if I’ve got it right then the bare bones of it are DEFICIT = disparity between what money comes in and what goes out, and DEBT = how much money we owe other people.  That’s it!  The dreaded deficit is simply a measurement, it’s not a tangible amount, unlike the debt which is real money.

Yes, when you’re spending more than you’re bringing in that’s clearly a problem but it seems the Tories’ plan is to cut what goes out, not try to bring more in.  And it’s not even like running a deficit is a huge problem.  This excellent article explains that running a deficit is common for an economy like ours.  The article points out that we ran a surplus between 1998 and 2001, the first time since 1974.  Tories love to praise Thatcher for her uncompromising saving of the economy, but all the time she was in government the UK ran a deficit.  If it wasn’t a problem then why is it one now?

Instead, is deficit reduction actually an excuse to cut public services and benefits, privatise the NHS and hit the most vulnerable the hardest?

[babyawacs]

whoyou s h o u l d fire is who tellsyou govt expenses arethe cause of deficits while govtoverheads are real in some broken nations the us is typically undercapable of whatit needs to do  .@elonmusk @elonmusk @dogecoindesigner @spacex .@sp acex .@washington .@dogedesigner @washington ‎ @bbc_whys @all @world ‎

whoyou s h o u l d fire is who tellsyou govt expenses arethe cause of deficits while govtoverheads are real in some broken nations the us is typically undercapable of whatit needs to do .@elonmusk @elonmusk @dogecoindesigner @spacex .@spacex .@washington .@dogedesigner @washington ‎ @bbc_whys @all @world ‎ #musk #trump thedeficit is a product of globalisation and techchange thismeans youmade…

[babyawacs]

#musk #trump thedeficit is a product of globalisation and techchange thismeans youmade soybeans fordecades china made everythin g iswhy you import anything. is valuation game is currency valuegenerated. fed saved america for decades inthis. makemore in usa is higher costs higherprices unless techchange enhances efficiency. you: emergency cut unclesam   .@elonmusk @e lonmusk @dogecoindesigner @spacex .@spacex .@washington .@dogedesigner @washington ‎ @bbc_whys @all @world

#musk #trump thedeficit is a product of globalisation and techchange thismeans youmade soybeans fordecades china made everything iswhy you import anything. is valuation game is currency valuegenerated. fed saved america for decades inthis. makemore inusa is higher costs higherprices unless techchange enhances efficiency. you: emergency cut unclesam .@elonmusk @elonmusk @dogecoindesigner @spacex…