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Showing posts from March, 2018

Steel Tariffs - A Good Thing?

MARCH 7, 2018 — The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was  $56.6 billion in January   While the over all trade deficit has risen for the United States and depending upon which side of the political spectrum you are on and which party is currently holding the presidency people raise alarms; it's a good thing or a bad thing.  It is a bad thing always.  While no it may not raise an immediate alarm, the way to look at the deficit is to look at your own bank account.  If you make $1,000 a month but spend $3,000 a month it isn't long before creditors will be knocking on your door, while you declare bankruptcy and get thrown into the street. You understand as a way of life you cannot keep accumulating debt until someone wants to collect.  In this case the federal government has a way out.  The government can issue bonds or print additional currency.  Lets take a look at tho