Gold and the Debates

 

Republican squared off against Democrat last night and battled over who could run up the deficit the highest.

The Republican claimed he would spend untold billions moving 20 million people (who exactly he didn't specify) first to "Camps" and then out of the country.  Obviously this will require an entirely new agency, appropriations of land and massive constructions of Camps that can house 20 million people as they await deportation - which will cost a fortune in itself.  This was a mastersrtoke of Deficit  Spending! No number was attached but pick a number in the hundreds of billions and then mutlitiply it be ten if this program ever gets off the ground.

Combine that with a Massive Tarrif program that will cost the US consumer Trillions that will come out of discretionary spending and reduce global trade by about 50 percent if the Smoot Hawley Tarrifs are any guide and then you will get a massive reduction of tax income, to add to the promised massive redutions of corporate tax income - so, in all, and impressive master stroke of Deficit Spending!

On the Democrat side we heard about Grants for anyone starting a small business.  No number attached again, but imagine that it will be managed with the same efficiency that the Covid Relief spending was managed by Republicans and Democrats alike, and you can bet that any number they can come up with will be quickly depleted by anyone who can fill out a form properly, and then have to be renewed every quarter or so.  So, that should be quite a number to pile up on the Deficit Spending side.  And then middle class  tax breaks and child support in the form of Grants or Checks of printed money mailed out again to anyone good at filling out forms.  So they still need to work on some massive Deficit Spending proposal to match the Tarrifs, but it's a good start!

So, in all, I'd say Gold won the debate by any standard!

Go GOLD!