Trump obsessed with trade deficit,
This is something I don't understand. There should be a trade deficit with some countries, because they are selling something the US needs, but they don't need that much from the US. The trade deficit conversation makes no sense. It is like me going to the shop and buying bread and milk, and then demanding that the shop buys something from me for equal value.
Trump is not really addressing the spending deficit
And this deficit is what made America the power it is today, by creating itself as the largest single market. It did it on debt to gain power, but the cycle is very painful to reverse, because everyone is accustomed to consuming so much more than they need.
Want to bet their answer will be subsidies at taxpayer expense?
Bailouts catalysed Bitcoin -perhaps the next round will see it used properly.
The trade deficit didn't exist as a pervasive thing until the 1970s, coincidentally the same time the US completely abandoned all pretense of adhering to the Bretton Woods system and Nixon closed the gold window. The US was an industrial powerhouse with plenty of extorts and trade without a deficit, and there was growing prosperity for all economic classes with less wealth concentration. Trade deficits and spending deficits are not essential to prosperity at all.