Tax and Spend

The full story about the trade deficit.

"Let’s put trade deficits into historical perspective. If trade deficits were something for a president to fret about, every U.S. president from 1790 to today ought to have been fretting. For most of our history, we have had current account deficits (http://tinyurl.com/jczqrhu). I should say every president except Herbert Hoover and Franklin D. Roosevelt, whose administrations ushered in the Great Depression. Nine out of the 10 years of the economic downturn of the 1930s, our nation had a current account trade surplus. Should we reproduce the economic policies of that era and re-create the “wonderful” trade surplus?"

No.

IRS policy is to continue collecting taxes even during nuclear war.