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Re: ThSeeker post# 3875

Monday, 12/05/2016 1:33:10 PM

Monday, December 05, 2016 1:33:10 PM

Post# of 19853
I know we've gone over this ground before, but make no mistake about it Trump plans to spend a lot of money to try and turn the economy around. He's said he wants $1 trillion for fiscal spending going for infrastructure jobs. In order to get that money the Fed has to make it available to him, IF the Congress votes it through and I think they will.

What that means is more deficit spending to come, so my point is Trump may be spending in other areas like defense etc. that the Democrats wouldn't do, but he actually may spend as much or more than Obama did while he was in office, just on other things.

If interest rates continue higher he also may have to pay more for what he borrows. That being said Trump may not be the answer to our prayers, as far as reduced deficits go.
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