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Message

re: The GOP wants to add $3T to the debt

Posted on 2/17/25 at 7:35 am to
Posted by Stonehenge
Wakulla Springs
Member since Dec 2014
1755 posts
Posted on 2/17/25 at 7:35 am to
He’s gonna put all of that money into President Musk’s hands
Posted by Stonehenge
Wakulla Springs
Member since Dec 2014
1755 posts
Posted on 2/17/25 at 7:36 am to
Trump is treating America like his own private casino
Posted by LSUFanHouston
NOLA
Member since Jul 2009
39147 posts
Posted on 2/17/25 at 7:52 am to
quote:

We found it (DOGE), why cant we keep it? Whats that verse in the Bible, Finders Keepers, Losers Weepers? Or something along those lines


So it’s up to Musk?

Be great if Congress would do their jobs
Posted by Bulldogblitz
In my house
Member since Dec 2018
28107 posts
Posted on 2/17/25 at 7:53 am to
quote:

Be great if Congress would do their jobs


They are lifers, they forgot their job in their 1st terms.
Posted by SouthEasternKaiju
SouthEast... you figure it out
Member since Aug 2021
35664 posts
Posted on 2/17/25 at 7:57 am to
Don’t spend what isn’t yours yo spend on the first place.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
39147 posts
Posted on 2/17/25 at 8:06 am to
quote:

Please learn about the Laffer Curve.


I’m fairly certain that has already been considered when coming up with these numbers.
Posted by Monceau
Member since Dec 2024
57 posts
Posted on 2/17/25 at 8:38 am to
I had (and still have) the same concern as you, although I read the actual blueprint over the weekend and there’s one nuance I wanted to mention. Let’s start with the basics (and note all dollar amounts are ten-year aggregates):

(1) The blueprint authorizes Ways and Means to increase the deficit by up to $4.5T. This is legal speak for “lower taxes.”

(2) The blueprint mentions the various departments and requires them to either increase the deficit (i.e. increase spending) or decrease the deficit (i.e. decrease spending) by a net amount that everyone seems to be reporting as $1.5T in decreased deficit (i.e. lower net spending).

(3) Here’s the part that not enough people are talking about. The blueprint specifies (I’m not going to use the word “requires,” because I’m not sure how binding it is) that the $4.5T in tax reductions shall be reduced dollar for dollar for any amount of net mandatory spending reductions that is less than $2.0T.

So, taking that at face value, your $3T becomes $2.5T. And then it’s not clear to me if there’s 100% overlap between the $1.5T of called out net departmental spending reductions and the $2.0T of net “mandatory” spending reductions. To the extent the $1.5T includes some additional net spending reductions that are not part of the $2.0T mandatory threshold, the $2.5T would be reduced further.

Basically, this is a step in the right direction, but more steps in the right direction are required. I’m not sure why most in this thread can’t acknowledge that this seems good but we should push for more net spending reductions.

Posted by ragincajun03
Member since Nov 2007
24831 posts
Posted on 2/17/25 at 8:51 am to
Not necessarily directed at you, but anyone who thought electing Trump was going to cause slashing of the debt hasn't been paying attention at all.
Posted by BozemanTiger
Member since Jul 2020
4309 posts
Posted on 2/17/25 at 8:58 am to
You're not smart enough to make this analysis.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
39147 posts
Posted on 2/17/25 at 9:57 am to
quote:

You're not smart enough to make this analysis


I’m smart enough to make the analysis. The typical PT poster isn’t smart enough to follow it.

A few posters are smart enough, and the rest if you need to stay at the kiddie table.
Posted by BBONDS25
Member since Mar 2008
53136 posts
Posted on 2/17/25 at 10:32 am to
quote:

A few posters are smart enough, and the rest if you need to stay at the kiddie table.


with your joke of an OP, you still have the gall to say this? You’re an uneducated idiot.
Posted by Diamondawg
Mississippi
Member since Oct 2006
34907 posts
Posted on 2/17/25 at 10:46 am to
quote:

“I went 30,000 miles without an oil change, and my car still runs! Oil changes are imaginary fairy dust!”
A good way to build up a sludge in your engine. If you try to clean it out by dissolving the sludge, you likely clog up ports. Require an engine replacement. I know this because I bought a used Nissan Maxima a number of years ago. Started having white smoke come out of one the exhausts.
Posted by Big4SALTbro
Member since Jun 2019
20673 posts
Posted on 2/17/25 at 10:47 am to
Good I don’t give a frick, the debt is fake
Posted by LSUFanHouston
NOLA
Member since Jul 2009
39147 posts
Posted on 2/17/25 at 11:43 am to
quote:

your joke of an OP, you still have the gall to say this? You’re an uneducated idiot.


I’m terribly sorry you aren’t smart enough to participate

Let me put it in terms you might understand.

Oooga Booga deficit spending bad
This post was edited on 2/17/25 at 11:44 am
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
281843 posts
Posted on 2/17/25 at 11:45 am to
quote:

Good I don’t give a frick, the debt is fake


Sounds like we've accepted MMT as the economics of MAGA
Posted by BBONDS25
Member since Mar 2008
53136 posts
Posted on 2/17/25 at 1:32 pm to
quote:

I’m terribly sorry you aren’t smart enough to participate Let me put it in terms you might understand. Oooga Booga deficit spending bad


You’re a total moron. An uneducated simpleton.
This post was edited on 2/17/25 at 3:08 pm
Posted by Diego Ricardo
Alabama
Member since Dec 2020
8823 posts
Posted on 2/17/25 at 2:15 pm to
Gonna cut 1% of the yearly budget from the federal workforce. Likely chasing off the good employees and being stuck with the turds hanging on for dear life. That’s how RTO and other schemes have worked everywhere else in the private sector. Do tax cuts that mostly advantage the same types of people and corporations who want to leave this country in the lurch. Tax cuts are about half a yearly budget worth of revenue lost.

Just absolute brain genius shite.
Posted by David Fellows
Chicago but Georgia on my mind
Member since Mar 2024
1175 posts
Posted on 2/17/25 at 2:29 pm to
Democrats care about spending and deficits now?

Well, baby steps, I guess.
Posted by Diego Ricardo
Alabama
Member since Dec 2020
8823 posts
Posted on 2/17/25 at 3:36 pm to
quote:

Sounds like we've accepted MMT as the economics of MAGA



Debt is fake and economy is good simply by Guy I Like being president. Amazing!
Posted by DiamondInTheRough
Saint Amant
Member since Jul 2021
55 posts
Posted on 2/17/25 at 3:50 pm to
This board is preoccupied with the conman's misdirection

The debt is shifting to a new swamp
Elon will make out like a bandit

But he's sucked billions from us for over a decade
It's Trump derangement to think otherwise

--------------
Okay, low IQ, you win the daily low IQ prize. Your comment is that of an imbecile. Because Elon, so, needs another billion. I mean, he only has over $400B now, so yep, he's IN IT for the $$$. Idiot.
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