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Started By
Message
re: Elon: DOGE probably won’t find $2 trillion in federal budget cuts
Posted on 1/9/25 at 10:42 am to POTUS2024
Posted on 1/9/25 at 10:42 am to POTUS2024
quote:
POTUS2024
quote:Any honest person can see what needs to be done. But voters don't want it. Propose it and you'll get about as many votes in 2028 as you did in 2024.
Elon must not be that smart. I can cut $3T with my plans and with what I've discovered.
I'll vote for you tho!
0
Posted on 1/9/25 at 10:42 am to Taxing Authority
quote:
While we should abolutely not be sending money to Ukraine
That's a start.
Posted on 1/9/25 at 10:44 am to Vacherie Saint
quote:Maybe because combined, it doesn't amount to $2 trillion. So even taking all discretionary and disbanding the military entirely won't get you there.
I wonder why the singled out discretionary as making this goal "impossible".
quote:What do you consider "meaningful".
Frankly, IDGAF if they miss this "goal" as long as something meaningful is done.
Posted on 1/9/25 at 10:46 am to GumboPot
quote:
Looks like congress needs to raise the Medicare portion of payroll taxes. The SS side is and has been totally sustainable.
Sure. You would essentially have to double it.
ETA - my math was wrong. You'd have to triple the medicare portion roughly to balance things. That is not a feasible solution.
This post was edited on 1/9/25 at 10:54 am
Posted on 1/9/25 at 10:46 am to NIH
quote:
Is trolling this board your new personality?
What is "trolling" about this thread?
I even posted prior discussions to show my consistent position.
Spending and the debt/deficit are major issues to me, and I'm actually sincere about that policy. I've taken a lot of shite for labeling MAGA (and right-populism) correctly as a big spending, deficit-increasing party/philosophy. People melt over it (see: thread referenced in OP) and go with the NPC talking point provided.
Then, when I'm proven correct, they're a 180 on their purported former stances. Same shite just happened with the debt ceiling and H1B issues. Same shite is happening with neocon bullshite (see: threads discussing invading Mexico sincerely, not the "Gulf of America" trolling) and anti-Muslim authoritarinism we've seen after the terror attacks.
Pointing out hypocrisy and hoping for good policy positions is not trolling.
Posted on 1/9/25 at 10:46 am to Willie Stroker
quote:
Anyone who follows Elon Musk’s career knows that his management philosophy is to set unrealistic goals and then begin adapting to the realities as they get revealed. But just because it seems unrealistic doesn’t mean it’s not worth pursuing.
That's basically the definition of hyperbole.
Hyperbole is a figure of speech that uses exaggeration to create emphasis, evoke strong feelings, or create strong impressions.
Posted on 1/9/25 at 10:46 am to Taxing Authority
In the end does all this debt and deficit talk really matter when the federal government through the Federal Reserve just prints its way out of fiscal deficits?
For example, there are approximately $8.25 trillion in bills, notes and bonds due in 2025. We will take in approximately $5 trillion in tax revenue.
Guess where the extra money is coming from?
For example, there are approximately $8.25 trillion in bills, notes and bonds due in 2025. We will take in approximately $5 trillion in tax revenue.
Guess where the extra money is coming from?
Posted on 1/9/25 at 10:48 am to Decatur
quote:
Does “DOGE” really exist though?
Posted on 1/9/25 at 10:48 am to GumboPot
quote:I grabbed teh wrong chart...
Looks like congress needs to raise the Medicare portion of payroll taxes. The SS side is and has been totally sustainable.
Posted on 1/9/25 at 10:50 am to GumboPot
quote:
In the end does all this debt and deficit talk really matter when the federal government through the Federal Reserve just prints its way out of fiscal deficits?
For example, there are approximately $8.25 trillion in bills, notes and bonds due in 2025. We will take in approximately $5 trillion in tax revenue.
Guess where the extra money is coming from?
Sure it matters. If it didn't why not just bump that $8.25 trillion to $12 trillion and make massive infrastructure investments?
Posted on 1/9/25 at 10:50 am to GumboPot
quote:
In the end does all this debt and deficit talk really matter when the federal government through the Federal Reserve just prints its way out of fiscal deficits?
Yes.
We don't want inflation from the fed or your proposed note policy.
I already told you this isn't the thread for discussing either of your obsessive-derailing attempts on page 2
Posted on 1/9/25 at 10:50 am to Taxing Authority
That chart does not aligned with the budget infographic SFP posted. SFP's infographic show SS with a $300 billion sruplus.
Posted on 1/9/25 at 10:51 am to GumboPot
quote:Inflation will be disasterous. First it will drive up debt service on our ever-growing debt. Second, because SS and Medicare are tied to inflation... guess what happens as inflation goes up....
In the end does all this debt and deficit talk really matter when the federal government through the Federal Reserve just prints its way out of fiscal deficits?
quote:"We're not broke, we still have credit limit left on our credit cards"
For example, there are approximately $8.25 trillion in bills, notes and bonds due in 2025. We will take in approximately $5 trillion in tax revenue.
Posted on 1/9/25 at 10:51 am to SlowFlowPro
Is it anything more than the friends we made along the way?
I’m still trying to figure this out
I’m still trying to figure this out
Posted on 1/9/25 at 10:51 am to SlowFlowPro
quote:
We don't want inflation from the fed
Well, too bad. You and me are going to get it.
What are you personally going to do about it?
Posted on 1/9/25 at 10:52 am to GumboPot
quote:That's not the NPV, of the FV of the liability. It's just the nominal amount. You have to remember SS is (allegedly) for future payouts.
That chart does not aligned with the budget infographic SFP posted. SFP's infographic show SS with a $300 billion sruplus.
This post was edited on 1/9/25 at 10:54 am
Posted on 1/9/25 at 10:53 am to SlowFlowPro
The genius that is sfp says, oh well pack it up, don't make any cuts if it's not going to be $2 trillion or more.
Posted on 1/9/25 at 10:54 am to Powerman
quote:
If it didn't why not just bump that $8.25 trillion to $12 trillion and make massive infrastructure investments?
Because $12 trillion in debt instruments are not due in 2025. Approximately $8.25 trillion are due. The $8.25 trillion is the credit card bill.
Posted on 1/9/25 at 10:54 am to dgnx6
quote:
The genius that is sfp says, oh well pack it up, don't make any cuts if it's not going to be $2 trillion or more.
That's not at all what he is saying
Why do you refuse to be honest?
Posted on 1/9/25 at 10:55 am to Taxing Authority
quote:
You have to remember SS is (allegedly) for future payouts.
Fair enough. And now you have solved the mystery of why the federal government enjoys inflation...it lowers FV.
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