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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Macroeconomic Trends & Risks
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Author: Texirish   😊 😞
Number: of 4460 
Subject: Re: 6-3 Scotus Decision Strikes Down Trump Tariffs
Date: 02/20/26 5:30 PM
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With out either tariff or income tax revenue, the national deficit will skyrocket. Without tariff revenue, Congress will have to wrestle with how to take candy from children as the tax cut would have to go.

Don't think that Trump hasn't had staff giving him options if he lost in the Supreme Court. The outcome was obvious unless he controlled the Supreme Court through appointments. What he did was mostly illegal. And it was. We haven't yet lost total control of democracy.

So Trump had already identified other options he could try when/if he lost.

One thing that Trump doesn't do - even if he's proven wrong. He ignores the judgment, and he counter attacks. He will not give up - even dating back to reelections even after all these years. He isn't capable of admitting losing. It's in his upbringing as a child. He can't admit he was wrong, or lost.

So we'll see the second round of "oop's-laws" that will permit him to continue to act as if tariff's aren't controlled by Congress. That's already been evident. That's what his staff has been looking for, and that's what he's been preparing for after losing.

There's still a long way to go before this all works out. As Buffett taught, "You can't make a good deal with a bad person." We've already done that. The consequences are still to be faced.

But, maybe, getting a little better? Maybe America is waking up from it's mistakes? Maybe we have a second chance in the next round of elections?

I still retain some faith in America to do what's right.



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