Tariffs vs The National Debt
Have you noticed that when the
Democrats are in power, the Republicans complain about deficit spending and the
national debt and when the reverse occurs, the Democrats return the favor. Currently, the U.S. National
Debt is more than $21 trillion and the interest is increasing it by nearly $40
billion per month.
President Trump has imposed a round
of tariffs against trading partners which has resulted in a storm of
criticism. The President claims a huge
contributing factor to this nation's national debt results from lop-sided trade
practices with the U.S. getting the short end of the stick. The tariff imposed is intended to negotiate a
favorable trade agreement and thus reduce this nation's deficit spending.
I can understand why China and other
countries are upset because they might have to compromise on their lucrative
trade practices. Accordingly, those
Americans who are voicing alarm should give this a chance to work. Possibly, this is the first President to
actually make some effort to reduce our national debt.