Posts Tagged ‘annual budget deficits’

UNDERSTANDING PRESIDENT TRUMP

All of his adult life Donald Trump followed important issues and donated to both Democrats and Republicans (see Trump’s book, “The America we Deserve”).  He was not ideological or partisan.  He was a super-patriot and eventually thought he could use his business acumen to turn America around, which he believed had become very weak, militarily, economically, and culturally.  After thoroughly checking with  political experts, he decided to run for the Republican presidential nominee.  Not being a polished politician, his blunt talk won over many Americans who were tired of slick-talking, do-nothing politicians.  His goal as President really was to “Make America Great Again”!  Donald Trump is “old school”.

With Republican majorities in both the House and Senate for his first two years as president, the President was able to pass significant tax cuts which led to the economy doing extremely well for all sectors.  Many of Trump’s accomplishments resulted from his abolishing numerous ridiculous and counterproductive Obama regulations that had put a “wet blanket” over the economy (former GE CEO Jack Welsh’s description).  In addition, President Trump used his formidable negotiating skills to deal with the huge trade imbalances the U.S. had with China, Japan, Mexico, etc.  Moreover, because of his blunt talk, unpredictability, and decisiveness, adversary countries took his threats seriously and were much more accommodating to him than to previous U.S. presidents.

Everything in this article to this point has been positive so why do so many people have an intense hatred of President Trump?  My belief is that it’s mostly because President Trump hits back very hard when attacked.  His opponents, the Mainstream Media, Hollywood, and Academia are not used to any Republican fighting back when attacked.  Republican leadership is infamous for being timid.  Another major reason why so many hate President Trump is the incessant criticism Main Stream Media spouts off every hour of every day, almost all of it phony.  Finally, although President Trump has really made America great again through his numerous accomplishments, he has a few annoying personal mannerisms that turn off many people, including me (though I still admire him for how he’s helped the Country).  I would characterize them all as shortcomings in “Emotional Intelligence” (see Daniel Goleman’s book, “Emotional Intelligence”).  Here’s some examples of what I mean: 1) “punching down” like calling Jeff Sessions “stupid” and Stormy Daniels “horseface”; 2) having his “child” hooked (see Thomas Harris’ book, “I’m OK, You’re OK”)  by Joe Biden during their first debate and consequently reacting emotionally instead of intelligently to other debate questions, like “Do you denounce white supremist groups…?” The best answer would have been a simple, “Yes, of course I denounce them,” instead of his confusing reply); 3) focusing his campaigning on Biden’s shortcomings, instead of what he will do if re-elected (including begin reducing annual budget deficits and total national debt); and 4) the disrespectful manner in which he criticizes Joe Biden personally.  These shortcomings may cause President Trump to lose re-election despite all of his outstanding accomplishments for America.

President Trump has turned around so many failing national endeavors and every single day makes even more progress for America.  If he continues at this pace and is re-elected, I  believe he will become our greatest president.

HOW WILL PRESIDENT TRUMP ELIMINATE ANNUAL FEDERAL BUDGET DEFICITS?

The United States government currently owes over $23 trillion dollars, called the National Debt.   Each year the National Debt is increased by the amount of money the government overspends that year, which is over the amount it collects.  This amount is called the Annual Budget Deficit. When President Obama took office, the National Debt was $9 trillion.  When he left office it was almost $20 trillion.  President Trump continued having hefty budget deficits, mostly because of the higher interest rates on U.S. Treasury bonds that the government is paying, in addition to the cost of bringing back the military to combat-readiness, which had significantly weakened by the underfunding by the Obama Administration.  Consequently, at some point in the next few years, the Federal government may not be able to afford to pay interest on the ever-increasing  National Debt.  This problem is probably the most serious, long-term, one that the U.S. faces.  President Trump is fixing every one of the country’s serious problems so what does he plan to do about this  upcoming financial disaster?  Here’s what he will do, if re-elected, starting now and ending the last year of his 8-year presidency:

President Trump is significantly increasing revenues to the Federal government by stimulating the business environment in the United States through lower corporate, business and income taxes, which has increased the number of people working and the revenues from their taxes, even at reduced tax rates.  He’s also making Americans more prosperous by eliminating unnecessary, job-killing Federal regulations.  Recently, he cut 5% from all Federal Departments.  I initially thought that in a few years the U.S. might not even have a deficit, but with the Federal Reserve increases to the Federal interest rates, the interest on the National Debt is much higher today (about 3 %) than it was when Obama was President ( approx. 1 % ).  This translates into the government paying each year hundreds of billions more for interest on the National Debt than it had been paying only three years ago, and this makes it much more difficult for the government to eliminate its annual budget deficits.

Despite the Federal Reserve increasing interest rates, however, I believe President Trump will still eliminate annual government budget deficits, estimated to be about a trillion in fiscal year 2020, and perhaps also start paying down the National Debt by the end of his second term, with one caveat.  Trump must have a Republican House of Representatives and a Republican Senate in order to put the U.S. financial house in order.  Democrat leaders will do anything to make Trump fail, including preventing his eliminating annual deficits and the reducing the national debt.

In the final phase of eliminating annual budget deficits, President Trump will attempt to eliminate useless and duplicative Federal programs and pare down programs that have shown only meager results.  This will be unpopular with the general public and and a Democrat Congress and that ‘s why he’ll do most of it near the end of his presidency.  How do I know what President Trump will do and when?  Here’s how:

  1. I went to the same school as President Trump, the Wharton School of the University of Pennsylvania, though my Masters was not in finance but from the FEls Government Center, which back when I graduated (1972) was in the Wharon School.  My focus was on government, but there still was some commonality between the two programs though Trump became a billionaire in business and I became a moderate-income Federal employee.
  2. I’ve followed politics for 60 years, beginning with the Kennedy-Nixon TV debates, and have worked for the federal government for over 40 years, a city government for over a year and a State government for less than a year and therefore understand politics and government.
  3. I’ve followed Trump beginning a year before he became President and believe that  I usually know why he does what he does and therefore can explain most of his actions.

CHOOSING A PRESIDENT: DONALD TRUMP?

On November 8, 2016 Americans made a decision that was one of the most important in the history of the United States: electing for Donald Trump to be the President of the United States.  Many believe that politics is stupid because of all of the partisan bickering that goes on.  That may or may not be true, but it’s irrelevant…our President makes decisions that affect not only us, but our children, grandchildren, and many others around the world.

Based on the controversy of this Presidential election, I developed the following non-partisan criteria for selecting a President.  I came up with them after looking at everyone else’s and concluding that they were inadequate.  My qualifications for doing this are: I followed politics for over 60 years, my Masters degree from the University of Pennsylvania is in Government Administration, and I’ve worked for the Federal, State and local governments for 44 years.  My 6  criteria for choosing a President are listed below and are prioritized and listed in the order of their importance (#1 is the most important and #6 the least important).

1. POSITIONS ON ISSUES:  this criterium might also be called “ideology”  and is really the most important reason why one should select one presidential candidate over another.

2. EXPERIENCE: there is no job exactly like the presidency but there are some jobs that provide relevant experience.  It’s not a coincidence that seventeen of our U.S. Presidents have been Governors of a State.  Being a Governor provides the best experience  for the presidency, however any executive or managerial experience is relevant and useful.  High-level military experience is good.  Legislative and legal experience is also useful.  Check out accomplishments.

3. EDUCATION: A masters degree in either Government or Business Administration is probably the most relevant education a President could have.  A law degree is helpful.  Business education is helpful.

4. OPEN-MINDEDNESS:  In U.S. politics, the politician is either on the left or the right and this ideology  can be constraining at times for finding the best solutions to a problem or dilemma, so willingness to “going-across-the-aisle” and being good listener can be a great asset for a president.

5. INTEGRITY: one of the important qualities but not so common in many politicians.  This is important because the President may ask us to go to war or to make some other sacrifice, so we need to be able to trust him or her and not think that whatever is being done is for political purposes.

6. PUBLIC SPEAKING and CHARISMA: for his “bully pulpit” duties, a President would be well-served by being a master of the spoken word…and if he or she is charismatic as well, so much the better.

You may agree or disagree with my 6 criteria or perhaps you simply may want to add a few more.  Whatever…but it is important to have criteria (or standards) to use, otherwise you’ might do what many people do: vote solely by political party, vote because of something irrelevant like age, gender, physical appearance, ethnicity, race, or emotions.  While most elections don’t matter that  much, the 2016 Presidential election was one of the most important in U.S. history, and the 2020 Presidential election will also be very important because in his second term President Trump I predict will mostly eliminate annual budget deficits and devise a plan and strategy to pay down the National debt if both the Senate and House have Republican majorities.

It used to be relatively easy to carefully consider my aforementioned six criteria in judging presidential candidates.  With today’s partisan media, it’s very difficult, but it can be done with great effort.  The fate of the U.S. depends on it.

 

CAN REPUBLICANS AND CONSERVATIVES TALK?

Conservative policies work well:  under Ronald Reagan, the Gross Domestic Product (GDP) of the United States almost doubled in the ten years following the day his tax rate reductions went into effect; and Reagan’s build-up of the military and his “star wars” project led to the break-up of the Soviet Union, as well as the U.S. ability to shoot down missiles with missiles (despite ardent  continuous opposition by the Democrat Party to prevent its development).

The aforementioned are just two examples of many conservative policies that have turned around the U.S..  If you include the States, conservative policies have turned around the economies of every State where they have been tried.  One need simply look at States with Democratic governors and compare them to States with Republican governors to see the drastic differences between the two.

Why, then, do Democrats win any elections?  I contend that it’s because Republicans can’t talk very well (and often are not politically astute as well).  How do I know? Twenty-three years in Toastmasters, International, giving 275 prepared speeches, giving 500+ extemporaneous speeches, 500+ speech evaluations, etc.  Morever, in my various positions with the Federal Government I’ve given scores of presentations.  In addition, as a teenager and young adult in the Boy Scouts and as a counselor and Unit Leader at summer camps, I’ve given hundreds of presentations.  I’m also a political junkie who loves and follows politics and who also has a Masters degree in Government Administration (MGA) from the University of Pennsylvania.  That makes me qualified.  Now let’s look at a few examples of what I mean by poor political Republican speech:

1)The Republican Party has “tax cuts” as one of the policies its candidates run on.  The Democratic Party turns this into a slogan that Republicans want “tax cuts for the rich.”  What should the Republican Party do?  My first suggestion is to modify the slogan to accurately state “tax cuts for everyone who pays taxes.”  And since 1/2 the country doesn’t understand why the government would cut taxes when you need more money, I suggest the slogan be “cuts of tax RATES for everyone so that commerce and its revenues to the government increase and grow.”

2)Most Americans don’t know the difference between budget deficits and the National debt.  So when President Obama talks about reducing the deficit (by raising it to over a $ trillion and then cutting it in half), Republicans need to be articulate by referring to annual budget deficits which are then added each year to the total national debt.

Looking to real examples…the Republican Primary debates in 2016 that were held in Cleveland and hosted by Fox News, with help from Facebook, provide great examples of the adroit and articulate use of language in order to be clear in what you mean: Carly Fiorina in every comment she made, Marco Rubio in everything he said, John Kasich on explaining his views on gay Americans, Mike Huckabee in explaining why Social Security benefits should not be cut, Chris Christie shouting down Rand Paul on NSA surveilance, Donald Trump saying that you need a man like me to eliminate the $19 trillion National debt.

Of course Donald Trump became the Republican Presidential nominee in the 2016 General Election and subsequently elected President of the United States.  Although he wasn’t great as a communicator, Secretary Hillary Clinton was worse.

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