I was answering @Sidney on the causes of increased poverty levels in Ireland.
I assume you are trying to argue that Trump might lead the US into the same fiscal problems as Ireland had. It’s certainly possible. The US already has a spending to revenue problem though, which has ballooned under Obama (although not at the level Ireland had in 2007-2010). US govt spending is about 34% of GDP, Ireland was 66% at the peak of the recession. Federal spending in the US is roughly 15% above revenues, Ireland was 2:1 in 2010, but is now apparently down to more sustainable levels.
Who knows what Trump will actually do, but the primary problem the US faces is sluggish economic growth. There is a need for large scale infrastructure spending, but it has to be paid for, rather than further increasing the deficit. Lowering capital tax rates seems counter intuitive, but actually makes sense as the current tax system encourages corporations to move their profit centers offshore, and discourages small and medium sized businesses in the US. I also think he will take a cleaver to the federal government, which also makes sense as it is grossly bloated.
No[quote=“Tassotti, post:468, topic:23439, full:true”]
another fucking nutcase, was it just the 30 million of his own people he exterminated? socialism strikes again!
[/quote]
That’s just a lazy estimate cobbled together by the right wing fascist media of Beaverbrook and co.