Trump : New Trade Deals Will Eliminate $19 Trillion US Debt in 8 years

[john cena]

http://www.breitbart.com/big-government/2016/04/02/trump-new-trade-deals-will-eliminate-19-trillion-us-debt-8-years/

The title speaks for itself. Obviously the trade deficit alone can't pay off the debt. What does he really mean, and what would be the ramifications of this?


This is another article, bashing his claim. Calling it impossible and magical. Is he really that wrong? Or is the WP missing some crucial facts? Could growth alone account for this increase in tax revenue?

https://www.washingtonpost.com/news/fact-checker/wp/2016/04/02/trumps-nonsensical-claim-he-can-eliminate-19-trillion-in-debt-in-eight-years/

[Htvfd460]

First thing is knowing what the national debt is comprised of. Its the total sum of 2 major factors. The Public debt and intragovernmental debt. Most of the national debt is public debts.

 

If we take into account the money lost in bad trade deals (hundreds of billions lost in some cases) , unbalanced spending in policies (like nato), then reorganize government agencies like the EPA and get rid of unnecessary aspects and costs. For instance the govt funded scientific research for "Hangry" with tax dollars.

Add in that Trump wants to make it so that off shore accounts would come back, then apply his appreciation for incentive to invest will help recirculate that money and become beneficial for charities and other means to push the economy. All of those add up quickly and provide means to work down the debts. He would be able to turn the deficit into a surplus as well in the big picture.

 

And with bringing back businesses and corporations that left the US will give the American people jobs which are needed to pay off public debts. The more incentive to come back, the faster it will happen. Especially with the import taxes being suggested. What's best about his plan is that the first places to be focused on for reestablishing industries are the most impoverished areas. This will help pull people out of poverty, along with not taxing till $25k pay will help them save up and be able to spend more (not like the economic stimulus plan that was a flop).