From Matt Fleming <[email protected]>
Subject Read: Why Trade Deficits Aren't Bad
Date April 4, 2025 6:26 PM
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Why Trade Deficits Aren't Bad
Los Angeles Daily News | April 4, 2025 | Dr. Wayne Winegarden

Believing the myth that trade deficits are bad, the Trump Administration imposed global reciprocal tariffs this week. The proposal threatens to derail economic prosperity and trigger a barn burner of a recession.

The fallacy of this myth can be clearly seen in the U.S. economic data. Over the last half-century U.S. trade deficits shrunk during recessions and increased during economic expansions. This phenomenon could not have persisted for so long if trade deficits harmed economic growth. Instead, there is something else going on.
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Former Rep. Tom Campbell On Tariffs, DOGE And Cutting Government Waste
Next Round Podcast | Tim Anaya | April 4, 2025

Former Congressman, state legislator, state Director of Finance and constitutional law scholar Tom Campbell – rated as the top government waste fighter during his tenure in the House – discusses the President’s tariff proposals and the DOGE effort, cutting government waste, and what state budget directors should be doing today to prepare for significantly less resources from Washington.

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Lawmakers Should Heavily Scrutinize LA's Wildfire Funding Ask
Right by the Bay | Tim Anaya | April 4, 2025

Included in the city’s requests are expected relief items, such as a $291 million state loan to help the city pay for debris removal and repairs to damaged city property pending FEMA repayment.

But some of LA’s funding list shows city leaders haven’t yet learned their lessons from decades of misguided policies that are making recovery and rebuilding costlier and more difficult.
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