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Trump is Great at a Lot of Things, but I'm Not So Sure About Fiscal Policy
Posted on 5/19/26 at 10:02 am
Posted on 5/19/26 at 10:02 am
The 10-year treasury note hit a 52-week high today. 30-year note is the highest it's been in 20 years. And, if you aren't aware that is one of the main drivers of mortgage rates. If the 10-year treasury note goes up, so do mortgage rates. Mortgage rates suck right now. I think the AI boom diverted attention away from lowering interest rates to stimulate the economy.
No doubt that federal spending, inflation, future fiscal expectations, etc. drive those numbers. I supported wrecking Iran, but it isn't helping the budget either.
I'll say it, Republicans are no better than Democrats at spending. They just spend less on welfare type programs, so we cheer for that. But in the end of the day, the high costs to borrow money will catch up to the government as well. Especially considering how much debt we have.
No doubt that federal spending, inflation, future fiscal expectations, etc. drive those numbers. I supported wrecking Iran, but it isn't helping the budget either.
I'll say it, Republicans are no better than Democrats at spending. They just spend less on welfare type programs, so we cheer for that. But in the end of the day, the high costs to borrow money will catch up to the government as well. Especially considering how much debt we have.
15
Posted on 5/19/26 at 10:06 am to Techdave
You talking about those guys who can't even pass the SAVE Act, right?
Posted on 5/19/26 at 10:08 am to Timeoday
quote:
You talking about those guys who can't even pass the SAVE Act, right?
I don't even wanna talk about that utter disappointment.
Posted on 5/19/26 at 10:10 am to Techdave
quote:
quote:
You talking about those guys who can't even pass the SAVE Act, right?
I don't even wanna talk about that utter disappointment.
How is that on Trump?
Posted on 5/19/26 at 10:11 am to RohanGonzales
quote:
How is that on Trump?
Not to shift this away from fiscal policy. But the SAVE act was more on Republicans as a whole, as is the budget. Neither is all on Trump.
Posted on 5/19/26 at 10:48 am to Techdave
Trump just fired the fed commissioner because he wouldn’t lower interest rates.
Posted on 5/19/26 at 10:53 am to Techdave
It’s because he got manipulated into foreign matters rather than focusing on what he ran on.
Improve economy for US
Get rid of violent illegals
Eliminate fraud and abuse
Go after bad actors in govt
Those 4 things alone and it’s a different narrative. Instead we’re locked up in a standoff with Iran and the deficit continues to put a drag in everything.
Improve economy for US
Get rid of violent illegals
Eliminate fraud and abuse
Go after bad actors in govt
Those 4 things alone and it’s a different narrative. Instead we’re locked up in a standoff with Iran and the deficit continues to put a drag in everything.
Posted on 5/19/26 at 10:53 am to Deuces
quote:
Trump just fired the fed commissioner because he wouldn’t lower interest rates.
The Fed Funds Rate doesn't need to be lowered right now. That is not the right way to bring down mortgage rates and Treasury notes. That is just kicking the can down the road and not dealing with the driver behind it all.
Posted on 5/19/26 at 10:54 am to Techdave
He's terrible at it. He talks a big game but he's the same as every other politician I can remember.
Posted on 5/19/26 at 11:00 am to SquatchDawg
quote:
It’s because he got manipulated into foreign matters rather than focusing on what he ran on.
Improve economy for US
Get rid of violent illegals
Eliminate fraud and abuse
Go after bad actors in govt
Those 4 things alone and it’s a different narrative. Instead we’re locked up in a standoff with Iran and the deficit continues to put a drag in everything.
It's not looking like the Iran thing is going to end well. But I'm not blaming him for trying, frick Iran.
Posted on 5/19/26 at 11:10 am to Techdave
mortgage rates are low compared to historical averages. You are not going to get 3% again and nor should we.
Posted on 5/19/26 at 11:17 am to Techdave
I think his fiscal policy is sound, generally speaking. Implementing it successfully is another story.
We got to where we are over decades. It's impossible to fix in four or eight years. Especially when so many in your own party oppose you.
He'd need to undo a lot of things Clinton did to get manufacturing back to the US.
We got to where we are over decades. It's impossible to fix in four or eight years. Especially when so many in your own party oppose you.
He'd need to undo a lot of things Clinton did to get manufacturing back to the US.
Posted on 5/19/26 at 11:22 am to Techdave
Well to be fair, he is pretty great at funding his own personal fiscal policies lol
Posted on 5/19/26 at 11:23 am to Techdave
quote:well, he's not the one who can implement removing the excess currency either.
The Fed Funds Rate doesn't need to be lowered right now. That is not the right way to bring down mortgage rates and Treasury notes. That is just kicking the can down the road and not dealing with the driver behind it all.
Posted on 5/19/26 at 12:29 pm to Loup
quote:
He's terrible at it. He talks a big game but he's the same as every other politician I can remember.
I guess I just don't understand what the problem is with saving money. Every politician for as long as I can remember won't put saving money at the top of the priority list, then actually follow through on it.
They are all shady with money, promising to cut expenses and waste, only to put that money somewhere else instead of saving it.
This post was edited on 5/19/26 at 12:29 pm
Posted on 5/19/26 at 12:30 pm to Techdave
quote:
but I'm Not So Sure About Fiscal Policy
Just now figuring this out bud?
Posted on 5/19/26 at 12:32 pm to Powerman
quote:
Just now figuring this out bud?
Take your nonsense somewhere else.
Posted on 5/19/26 at 1:13 pm to AubieinNC2009
Dumbest statement on this topic. Homes are at an all time high so having rates the highest in 20yrs kills the market
Posted on 5/19/26 at 1:29 pm to Deuces
Firing and hiring a YES man doesnt mean it’s what’s best. Interest rates are high for a reason.
Posted on 5/19/26 at 1:33 pm to Techdave
With a cooperative Congress, Trump would be more fiscally responsible. He has a bunch of moderate republican votes in the house, and a cadre of TDS riddled GOP senators led by GoonThune. But you're right, fiscal responsibility is not the strength of T 47 by a long shot. We've yet to see the full fruits of JD Vance's domestic program. Hopefully, Vance can clean up a lot of the ongoing, very expensive fraud in public systems.
This post was edited on 5/19/26 at 1:36 pm
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