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re: CPI numbers still hot inflation
Posted on 4/10/24 at 9:42 am to Wishing Well
Posted on 4/10/24 at 9:42 am to Wishing Well
quote:
but sheesh, the Dems showed up and basically laughed off what Trump did as pennies
How much difference do you think there is?
I'm talking about money that's actually been circulated in the economy, not 8 years of the infrastructure bill that have had spending earmarked but hasn't hit the market.
1
Posted on 4/10/24 at 9:43 am to Ten Bears
quote:
Obviously Trump is a better candidate than Biden. However, to simply ignore Trump’s spending as a contributing effect on inflation is economic illiteracy or willful ignorance. And it wasn’t just COVID. Trump was running trillion dollar deficit in 2019 ($974 Billion) and taking COVID out the equation, his budget deficit in 2020 was $1.02 Trillion.
At this point, in terms of the standard budget, it's hard to call any budget in the last 10 years or the next "The President's".
Almost all of the shite is legally mandated WITH legally mandated rates of increase to the point that if all a President and congress do is stand pat, we are looking at increasing debt and deficits.
Sadly, I'm left to basically just hope that whomever hops in the driver's seat as we go over the cliff just has the courtesy to stop accelerating.
Posted on 4/10/24 at 9:51 am to SlowFlowPro
So let me get this straight. This board is an echo chamber of boomer memes but yet you throw around MMT and the money printer memes like they've gone out of style 
You're not very good at being Mr. Nuance in this instance
You're not very good at being Mr. Nuance in this instance
Posted on 4/10/24 at 9:58 am to SlowFlowPro
quote:
I had to post a chart to educate y'all on how gold is a commodity and fluctuates wildly.
quote:
Why did you cherry pick 2 dates?
Oh for crying out loud. Look at the actual amounts across the board. You are acting like it’s bitcoin or something.
I notice in your graphics presentations… you didn’t link the US dollar Index to supplement your “it’s wildly fluctuating!!1!1!2!2!” Point.
To a degree. The US dollar and gold are substitutes. Why? They are both used as hedges AND reserves. Now why would that be so if it was so unstable??
This post was edited on 4/10/24 at 10:12 am
Posted on 4/10/24 at 10:07 am to Padme
We are so, so cooked.
Posted on 4/10/24 at 10:08 am to Padme
“The CPI report wont come in too hot”
The CPI report:
The CPI report:
Posted on 4/10/24 at 10:08 am to Revelator
quote:
So why care about any spending if it’s insignificant?
In terms of this discussion, it is irrelevant.
There are a few things we can actually do to resolve the debt issue. Social Security, Medicare, Medicaid, etc.
Posted on 4/10/24 at 10:12 am to SlowFlowPro
quote:
There are a few things we can actually do to resolve the debt issue. Social Security, Medicare, Medicaid, etc.
Confiscate private 401ks ...
Just say it, Nancy.
But then like the Dems, you'd say the quiet part out loud ...
Economic retards rejoice!
Posted on 4/10/24 at 10:13 am to Padme
quote:
CPI numbers still hot inflation
My prediction of a fudge was wrong. Almost four years of Bidenflation.
But muh Trumps fault
—SFP
their plan is to do everything they can to stop the economy from improving under trump just like they did during his first term
so it should be funny watching them reverse every metric and reason they have to do things, for that sole reason to not let trump improve things
Posted on 4/10/24 at 10:16 am to Padme
Posted on 4/10/24 at 10:17 am to OccamsStubble
quote:
But, keep printing them ShruteBucks and throwing them at people because they can fog a mirror.
I wonder if the exchange ratio for SchruteBucks has improved from that initial 1/100 of a cent?
Posted on 4/10/24 at 10:18 am to AmishSamurai
quote:
Confiscate private 401ks ...
What?
That wouldn't likely help in the long run.
quote:
But then like the Dems, you'd say the quiet part out loud ...
I'm proposing spending less. Which DEM is promoting spending less?
Posted on 4/10/24 at 10:18 am to AmishSamurai
quote:
Economic retards rejoice!
Posted on 4/10/24 at 10:19 am to SlowFlowPro
quote:Which Americans will burn DC down over if it gets changed in an manner that would actually work.
There are a few things we can actually do to resolve the debt issue. Social Security, Medicare, Medicaid, etc.
Posted on 4/10/24 at 10:20 am to keakar
quote:
their plan is to do everything they can to stop the economy from improving under trump just like they did during his first term
so it should be funny watching them reverse every metric and reason they have to do things, for that sole reason to not let trump improve things
Trump can't do much to help via economic growth. It's too big.
We can do a thought experiment. Assume you're right, do the math and tell me how much we will have to grow our GDP to raise enough tax revenue (we will assume 20% of GDP is the amount of collection) to fix this problem.
Posted on 4/10/24 at 10:21 am to Wishing Well
quote:
Which Americans will burn DC down over if it gets changed in an manner that would actually work.
Which is why we're in the situation we're in.
A Trump gif summarizes proposing spending cuts within our democracy:
Posted on 4/10/24 at 10:24 am to SlowFlowPro
CPI is up because of energy prices. Energy prices are up because of OPEC production cuts. Little to do with any US president or policy.
Posted on 4/10/24 at 10:26 am to SlowFlowPro
quote:
Which is why we're in the situation we're in.
A Trump gif summarizes proposing spending cuts within our democracy:
At this point, it's not the fact that our overspending is baked in and there's nothing we can do about it that is politically feasible.
It's the fact that one party has what appears to be a completely limitless number of ideas for spending MORE!
Posted on 4/10/24 at 10:27 am to TxTiger82
That’s true if OPEC doesn’t respect the president or sees the adults in charge as an opportunity to fleece America.
Posted on 4/10/24 at 10:28 am to Wishing Well
quote:
It's the fact that one party has what appears to be a completely limitless number of ideas for spending MORE!
One party?
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