Originally Posted by Guest

During the campaign, Trump railed against Obama and China as our debt grew. He said our "deficit is Chinas gain" and that "Obama is bankrupting the country"

Now elected, he and the GOP are taking the deficit to new highs with a tax bill that no doubt will pass our of sheer desperation to get something done.

As a result Trump’s government and its successors will be issuing additional Treasury bonds for decades to come.

Right now, I think I am correct, foreign central banks, investors and corporations already own over $6 trillion in Treasury bonds compared with over $5 trillion for private domestic investors.

More than a third of those international investors are based in two countries: China and Japan.

When we begin to sell more Treasury, who do you think will be buying them up ?

The tax cuts are to stimulate the economy. Most feel that the economy cannot grow any faster and it about at its zenith.

Whatever extra money is spent in this country will go to foreign countries since they own all the debt.

The increased debt will also increase the trade deficit substantially.

I am a bit confused and admit this is not an area that I understand but as an ex Republican, I thought Republicans or conservatives wanted to shrink the budget and shrink the trade deficit. I recall my party at the time criticizing the Democrats for doing this in even more moderate means.

So, we will add to the coffers of China for one....add to the deficit for our kids and increase the trade deficit.

Where are the pluses here ?

Seems like a lazy way out to get votes, but I think it will backfire because the last poll I saw reflected that over 50% of Americans opposed the proposed bill, and as they learn more I think it will completely backfire.