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Started By
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re: Republicans are slow walking not giving us the $5,000 that's been suggested by Trump.
Posted on 2/22/25 at 12:00 pm to RogerTheShrubber
Posted on 2/22/25 at 12:00 pm to RogerTheShrubber
quote:
Bump in inflation
It doesn't matter if Joe or Peter spends the money it has the same affect on inflation. This bump you speak of has long been factored in. This isn't NEW money being proposed to go to the tax payers it is reoccurring expenditures. The only difference is who is spending it.
And to top it off they are only talking about returning 20% of this to us. The rest is annual deficit reduction.
3
Posted on 2/22/25 at 12:03 pm to omegaman66
quote:
his isn't NEW money being proposed to go to the tax payers
The budgeted money isnt being dumped in American consumers hands immediately, and much is international.
A trillion dollars dumped in the hands of consumers will immediately boost demand.
If you dont think thats inflationary...
This post was edited on 2/22/25 at 12:06 pm
Posted on 2/22/25 at 12:04 pm to Oates Mustache
quote:
But they won't and you're a gullible idiot, falling for this same shite every time.
I think it's more than fair to say at this point that this administration is not like any other.
Posted on 2/22/25 at 12:05 pm to RogerTheShrubber
quote:
Youre such a progressive
Says the guy advocating for more taxes. Hahaha.
Posted on 2/22/25 at 12:05 pm to omegaman66
Right so either it goes to Stacy Abrams All You Can Eat Buffet restaurants, or we get to decide what our money gets spent on. If it's already been allocated but now taken back, it's not firing up the money printer like during covid.
Posted on 2/22/25 at 12:05 pm to Ostrich
quote:
They should reduce the deficit like they said they would
What makes you think those are mutually exclusive?
Posted on 2/22/25 at 12:06 pm to RogerTheShrubber
quote:
Unless you really want a bump in inflation. Sending money to people is dumb. Just pay down the debt.
Lots of people on the Poli boards don’t understand economics and have a lifetime of habits that make them not at all well off with money. Spend, spend, spend, with no concept of the big picture when it comes to retiring debt, and how that matters in the big picture of cash flow and overall credit worthiness.
It’s a drug / mindset…and lots of people have been hooked on it most of their lives.
This post was edited on 2/22/25 at 12:08 pm
Posted on 2/22/25 at 12:06 pm to Ostrich
quote:
Yeah because it’s a dumb idea. They should reduce the deficit like they said they would
You can pay down the debt Dave Ramsey, I want the fricking money that was stolen from me paid back.
Posted on 2/22/25 at 12:07 pm to Oates Mustache
It isn't/wasn't going to happen until DOGE finishes their 2-uear mission, so you never were going to get it now.
Posted on 2/22/25 at 12:09 pm to Robin Masters
quote:
You can pay down the debt Dave Ramsey, I want the fricking money that was stolen from me paid back.
In the grand scheme of things… Not a lot of it was yours because you don’t make much… You probably get a tax refund every year versus having to pay more… Those of us that are of a decent level of success approach creditworthiness as it relates to debt and the big picture differently than you… You are either young, or poor, or both. Try to change your mindset or you will be lower middle class at best, your whole life.
This post was edited on 2/22/25 at 12:11 pm
Posted on 2/22/25 at 12:11 pm to KCT
quote:
isn't/wasn't going to happen until DOGE finishes their 2-uear mission, so you never were going to get it now.
This is what I have been thinking the whole time. Give us tax breaks in the short term, and allow all of these savings to be put towards the debt/deficit. Finally, give JD the ammunition of “giving money back” to tax payers when he is running for president.
Now, congress continuing to move more conservative is the unknown.
Posted on 2/22/25 at 12:11 pm to RogerTheShrubber
quote:
A trillion dollars dumped in the hands of consumers will immediately boost demand.
If you dont think thats inflationary..
You are not quite as smart as you think you are. I didn't say it wasn't inflationary. I said it would not give another bump to inflation because the money was going to be spent by the DS. The money was going to enter the economy on way or another.
Neither of you acknowledge that the "cuts bonuses we would get" would do two very important things. 1. spur on the economy in the right places instead of the wrong. 2. Get the public demanding more cuts like we have never seen in our lifetime.
Cuts come from Congress and not the Executive branch. Can you imagine how many dims would vote Rep. if they were getting 20% of the cuts that are made.
Posted on 2/22/25 at 12:11 pm to omegaman66
quote:
And to top it off they are only talking about returning 20% of this to us.
Using 20% of the savings to give all taxpaying households (about 130 million) a 5k payment.
If you spread that payment out biweekly its not going to necessarily cause a bump in inflation.
However sending 130 million $5,000 checks at once, will.
Posted on 2/22/25 at 12:12 pm to omegaman66
quote:
because the money was going to be spent by the DS
Over time, all across the world.
Not dumped into one economy at once.
Posted on 2/22/25 at 12:16 pm to Kreg Jennings
quote:
In the grand scheme of things… Not a lot of it was yours because you don’t make much
We've built growth on debt, I imagine our tax dollars are a mere blip.
We all pay one way or another, though. Taxes and inflation.
Posted on 2/22/25 at 12:16 pm to Oates Mustache
quote:
If it's already been allocated but now taken back, it's not firing up the money printer like during covid.
True. Agree. But Lets take the first dollar saved by DOGE that USAID was going to spend that came from the CIA. The CIA was allocated X number of dollars, they then gave it to USAID to spend on BS. Unless congress does something different than what they have been doing they will still be allocated that same X amount. Resulting in NO SAVINGS and no annual deficit reduction.
Posted on 2/22/25 at 12:16 pm to Oates Mustache
And for once they are right. It's stupid. Giving handouts back to taxpayers, no matter how noble, just negates the savings that is being diverted to the handout.
We're still borrowing it.
We're still borrowing it.
Posted on 2/22/25 at 12:19 pm to Oates Mustache
Trump knew that would happen. He wants it to happen.
Posted on 2/22/25 at 12:19 pm to Kreg Jennings
quote:
You probably get a tax refund every year versus having to pay more
lol better to keep your mouth closed and be thought an idiot then speak and remove all doubt
You just revealed yourself to be a complete idiot and likely someone who doesn’t pay taxes ergo why you aren’t concerned with having your stolen taxes returned, because you never paid any.
Posted on 2/22/25 at 12:22 pm to blue_morrison
quote:
i don't want it. I'd rather it be put towards paying down the debt or something else... because money just freely given out has historically not solved any long term issues, ever.
They are not going to pay down any debt. If DOGE eliminated all discretionary spending, that is the entire defense budget and everything else the executive branch does, we still operate at a deficit.
There is no debt reduction without massive entitlement reform.
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