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What is Trump's plan for inflation and reducing the federal deficit/debt?
Posted on 3/9/24 at 10:31 am
Posted on 3/9/24 at 10:31 am
Even if you ignore his Covid spending (which caused a large portion of the inflation we've felt since 2021), his pre-Covid spending was on the same trajectory. I believe the largest increase post-Trump is the interest explosion, which, again, is largely due to spending under Trump's watch and the inflation caused by this spending (leading to higher rates, which has caused our interest payments to balloon).
On his campaign website, under Issues, I see no sub-topic on these issues.
We do have pro-spending comments like this:
quote:
President Trump will always protect Medicare, Social Security, and patients with pre-existing conditions.
61
Posted on 3/9/24 at 10:39 am to SlowFlowPro
I'm going to post this because it's relevant, and because your thread may be a very lonely place -
Since the end of WWII, here's fed outlays as a percent of GDP for the presidents:
Truman - 16.2%
Eisenhower - 17.4%
Kennedy - 18.0%
Johnson - 18.4%
Nixon - 19.0%
Ford - 20.5%
Carter - 20.7%
Reagan - 21.6%
Bush I - 21.3%
Clinton - 18.7%
Bush II - 20.0%
Obama - 21.3%
Trump - 26.4%
Biden - 24.7%
Since the end of WWII, here's fed outlays as a percent of GDP for the presidents:
Truman - 16.2%
Eisenhower - 17.4%
Kennedy - 18.0%
Johnson - 18.4%
Nixon - 19.0%
Ford - 20.5%
Carter - 20.7%
Reagan - 21.6%
Bush I - 21.3%
Clinton - 18.7%
Bush II - 20.0%
Obama - 21.3%
Trump - 26.4%
Biden - 24.7%
Posted on 3/9/24 at 10:42 am to SlowFlowPro
Uh, why did you stop the chart at Trump? Let’s see 2021-2024.
Posted on 3/9/24 at 10:50 am to SlowFlowPro
There is no serious solution to spending nor any serious person running on that (with a chance). The question is, how far off is the cliff?
Posted on 3/9/24 at 10:54 am to SlowFlowPro
Your first mistake is in thinking that Trump has a plan.
Posted on 3/9/24 at 10:56 am to SlowFlowPro
That spending is a reflection of voters not Congress or the President
Posted on 3/9/24 at 10:59 am to SlowFlowPro
Looks like we have our two candidates so now you pick the one that will frick it up the least of the two.
Posted on 3/9/24 at 11:01 am to SlowFlowPro
It’s infuriating that no president will address this seriously. We need a balanced budget amendment and spending should never increase more than the current inflation rate and GDP growth rate except in times of war or other emergencies
Posted on 3/9/24 at 11:03 am to SlowFlowPro
I like how the household median income reached its all time peak under Trump. Unfortunately Biden has done nothing but destroy that since he took office.
This post was edited on 3/9/24 at 8:47 pm
Posted on 3/9/24 at 11:03 am to SlowFlowPro
Hot take: Trump isn’t a fiscal conservative and frankly (and depressingly) I don’t think one could even win the presidency any longer.
Ugh
Ugh
Posted on 3/9/24 at 11:12 am to SlowFlowPro
Why does your chart exclude this current admins spending?
Posted on 3/9/24 at 11:16 am to SlowFlowPro
So you’re rolling with potato in November? Got it.
Posted on 3/9/24 at 11:20 am to SlowFlowPro
Nothing because the only feasible plans for the debt are political suicide.
1. End social security.
2. End Medicare/medicaid
3. Taxes to the moon
So until it’s time to pay the piper, we will continue spending imaginary money because debt is imaginary until the day it becomes real.
1. End social security.
2. End Medicare/medicaid
3. Taxes to the moon
So until it’s time to pay the piper, we will continue spending imaginary money because debt is imaginary until the day it becomes real.
Posted on 3/9/24 at 11:22 am to SlowFlowPro
Nothing, same as every politician in DC.
Unless you can find a way to ban corporate lobbying, there will never be an end to absurd federal spending until the balloon finally pops.
Unless you can find a way to ban corporate lobbying, there will never be an end to absurd federal spending until the balloon finally pops.
Posted on 3/9/24 at 11:26 am to SlowFlowPro
quote:
Even if you ignore his Covid spending (which caused a large portion of the inflation we've felt since 2021), his pre-Covid spending was on the same trajectory.
On the same trajectory as past administrations?
Totally agree, which should tell you it's gonna take much more than Trump to begin the nearly impossible task of reducing the federal deficit and debt.
The federal debt and annual deficits will never be reduced to any appreciable amount until there is a balanced budget amendment, which is about as likely as congress passing legislation for term limits.
Posted on 3/9/24 at 11:27 am to SlowFlowPro
He is going to put you and your kind in camps so y'all can't spend money.
Posted on 3/9/24 at 11:27 am to SlowFlowPro
The answer is right in front of you dumbass.
No one will ever have a plan to deal with the deficit or the debt. No Republican, no Democrat, no President and no political party.
No citizen will ever agree to any real plan either.
That chart will go up and up until something breaks or collapses.
It's a bogus issue. No one will ever do anything about it. That's a fact.
535 people control every dime spent and you will never ever ever have enough people in power willing to Alter the trajectory of that chart.
It's going to get steeper actually.
No one will ever have a plan to deal with the deficit or the debt. No Republican, no Democrat, no President and no political party.
No citizen will ever agree to any real plan either.
That chart will go up and up until something breaks or collapses.
It's a bogus issue. No one will ever do anything about it. That's a fact.
535 people control every dime spent and you will never ever ever have enough people in power willing to Alter the trajectory of that chart.
It's going to get steeper actually.
Posted on 3/9/24 at 11:27 am to SlowFlowPro
Neither party has a plan for inflation or reducing the federal deficit or debt.
If people were told that the federal government has to cut spending drastically and increase taxes to start paying for some of the stuff that we've consistently not paid for over the years to get our federal deficit and debt under control, they'd piss their pants. No one wants to pay for anything anymore, and that's why we are where we are. We cut taxes for the entities that really have the means to pay for it, not realizing that it lowers revenue coming in to the Treasury to pay for stuff.
Interest rates were far too low for too long (between the Obama and Trump years), we gave out a ton of federal money in repeat stimulus payments through the Obama and Trump years, we cut revenue receipts through Trump's tax cuts, all of which have placed us on the path of where we are with inflation. We've increased interest rates gradually to try to fight inflation (only to tack on more interest as a percentage of our federal debt payments).
We provide way too much foreign aid (to the tune of billions of dollars) to other countries, when you can just drive through many of the poor rural and urban areas in this country, and they can seriously use more of their own federal dollars helping them.
So, what would Trump do about inflation? Absolutely nothing. He helped it get to where it is today, so there's nothing to suggest in his actions that he'd do anything to reduce it.
If people were told that the federal government has to cut spending drastically and increase taxes to start paying for some of the stuff that we've consistently not paid for over the years to get our federal deficit and debt under control, they'd piss their pants. No one wants to pay for anything anymore, and that's why we are where we are. We cut taxes for the entities that really have the means to pay for it, not realizing that it lowers revenue coming in to the Treasury to pay for stuff.
Interest rates were far too low for too long (between the Obama and Trump years), we gave out a ton of federal money in repeat stimulus payments through the Obama and Trump years, we cut revenue receipts through Trump's tax cuts, all of which have placed us on the path of where we are with inflation. We've increased interest rates gradually to try to fight inflation (only to tack on more interest as a percentage of our federal debt payments).
We provide way too much foreign aid (to the tune of billions of dollars) to other countries, when you can just drive through many of the poor rural and urban areas in this country, and they can seriously use more of their own federal dollars helping them.
So, what would Trump do about inflation? Absolutely nothing. He helped it get to where it is today, so there's nothing to suggest in his actions that he'd do anything to reduce it.
This post was edited on 3/9/24 at 11:34 am
Posted on 3/9/24 at 11:29 am to SlowFlowPro
quote:
Trump
quote:
plan
Ha, that’s a good one
Posted on 3/9/24 at 11:30 am to SlowFlowPro
After a quick read through the thread trump is helpless to stop the spending but joe Biden is spending out of control?
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