Tuesday, December 6, 2016

it's just another example of how he doesn't understand how government finance works. he thinks that he's "saving taxpayer money". and, he thinks that if he reduces government expenditures then he can cut taxes.

no. they print it. it doesn't make a difference on taxes. and, if you spend less, you just send the economy into recession.

but, here's the thing: his ignorance is a reflection of mass ignorance. because while donald trump is a wealthy elitist, he doesn't seem to have the intelligence level to match his balance sheet. he doesn't get his news from elite sources. he reads the same news sources that his voters read. he gets the same bad information. and he draws the same bad conclusions.

so, people will cheer this. they will repeat the same basic economic misunderstanding of government being just like a business. the media will reinforce the error. and, they will think they're winning.

http://www.nytimes.com/2016/12/06/us/politics/trump-air-force-one-boeing.html

the blind leading the blind...