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re: Trump pushes for balanced federal budget, a potentially historic feat

Posted on 2/21/25 at 9:22 am to
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 2/21/25 at 9:22 am to
quote:


You answered your own question...3-4T over 10 years.


We will probably lose that in exports.

Posted by GumboPot
Member since Mar 2009
140573 posts
Posted on 2/21/25 at 9:24 am to
quote:

We're not running an 1800s economy. I know this might be news for you, but its true.

Wealth is created, its no longer static. Welcome to the new economy, MAGAts.


So you are saying we won't be able to get Europe to provide for our national defense?
Posted by DByrd2
Fredericksburg, VA
Member since Jun 2008
10096 posts
Posted on 2/21/25 at 9:28 am to
Your understanding of the principles of reciprocity and positive reinforcement make me really hope that you don't own a dog or any other trainable animal.

And are single.

And especially have not reproduced.
Posted by LSUSkip
Central, LA
Member since Jul 2012
24717 posts
Posted on 2/21/25 at 9:28 am to
quote:

It can be done.


It must be done. You can't have DOGE out there pointing out billions upon billions of dollars in waste then turn around and tell the people that the country is going to continue to run in a deficit all the while discussing a govt shutdown due to funding.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 2/21/25 at 9:28 am to
quote:

You don’t know that he believes that


History lesson for you folks.

quote:

Mercantilism is a nationalist economic policy that is designed to maximize the exports and minimize the imports of an economy.


quote:

mercantilism, economic theory and practice common in Europe from the 16th to the 18th century that promoted governmental regulation of a nation’s economy for the purpose of augmenting state power at the expense of rival national powers. It was the economic counterpart of political absolutism.


The winners? Big Gov and Big Corp

The Losers? Consumers, States (who lose power to the Federal Govt) and small business.

quote:

Economic Strategies: Key principles include maintaining a favorable trade balance, accumulating gold and silver (bullion), and significant government intervention in the economy to boost national self-sufficiency.
Advantages: Promoted national self-sufficiency and strengthened economies, leading to infrastructure development and increased government spending, fostering a supportive environment for local businesses.


quote:

Free Trade Comparison: While mercantilist policies protect domestic industries, free trade offers reduced costs and broader consumer options, emphasizing the need to balance protection and growth for modern businesses.


Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 2/21/25 at 9:29 am to
quote:


So you are saying we won't be able to get Europe to provide for our national defense?


What does this have to do with tariffs?
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 2/21/25 at 9:30 am to
quote:

Your understanding of the principles of reciprocity


Tariffs are antithetical to your principles of reciprocity. Youre literally fricking up the meaning.

Posted by CAD703X
Liberty Island
Member since Jul 2008
93426 posts
Posted on 2/21/25 at 9:31 am to
HE CANT KEEP GETTING AWAY WITH IT
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 2/21/25 at 9:31 am to
quote:

and the reciprocal tariffs are more than likely


Hes using tariffs as an economic weapon, NOT "reciprocal tariffs."

Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 2/21/25 at 9:34 am to
quote:


Go back to licking windows.


he will need instructions written in crayon
Posted by momentoftruth87
Your mom
Member since Oct 2013
86110 posts
Posted on 2/21/25 at 9:35 am to
quote:

RogerTheShrubber


Posted by Big L
Houston
Member since Sep 2005
6146 posts
Posted on 2/21/25 at 9:38 am to
“Weapon” or bargaining tactic? None of the tariffs have gone into effect. The dude is a businessman, and wants trade, but wants fair trade. If they lower their tariffs on US import then we will match. The problem is that no matter what he does, people will find a reason not to like it. Just yesterday there was paranoia about more pandemics and the inability of the government to respond because of DOGE. He could come out tomorrow and announce no taxes for the first $100k of income and people would complain. It’s unreal.
Posted by Riverside
Member since Jul 2022
10856 posts
Posted on 2/21/25 at 9:39 am to
quote:

If this happens can we ban mutiple posters on here for embarrassing themselves?


Amen
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 2/21/25 at 9:39 am to
quote:

Weapon” or bargaining tactic?


Trumps a Demagogue. His bargaining tactics are weapons.

He doesnt understand negotiations without hyperbole.

Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 2/21/25 at 9:40 am to
quote:

ou gave no facts other than a bunch of reeeeeeing


Any new information on your part to prove your point?

Posted by olgoi khorkhoi
priapism survivor
Member since May 2011
16781 posts
Posted on 2/21/25 at 9:44 am to
quote:

his promise to extended the tax rates in the 2017 Tax Cuts and Jobs Act could make that a challenge for both the House and Senate. Extending the tax rates could cost about $4 trillion.




Whoever wrote this can frick right off.

Expenditures are costs, not less taxes on the people paying for all the bullshite expenditures.

The challenge for the house and senate is waste, fraud and abuse and conjuring the will to stop taking part in it, not extending a tax cut.
Posted by Flats
Member since Jul 2019
28192 posts
Posted on 2/21/25 at 9:46 am to
quote:

He could come out tomorrow and announce no taxes for the first $100k of income and people would complain.


Well yeah, because that's a really shitty idea.
Posted by OysterPoBoy
City of St. George
Member since Jul 2013
44953 posts
Posted on 2/21/25 at 9:46 am to
quote:

Extending the tax rates could cost about $4 trillion.


So not extending them will cost taxpayers 4 trillion. Maybe let's find another way to pay for donkey abortions or whatever we're spending that 4 trillion on.
Posted by DByrd2
Fredericksburg, VA
Member since Jun 2008
10096 posts
Posted on 2/21/25 at 9:50 am to
quote:

Tariffs are antithetical to your principles of reciprocity. Youre literally fricking up the meaning.


Oxford Languages definitions for "reciprocal":

1. given, felt, or done in return

2. (of an agreement or obligation) bearing on or binding each of two parties equally



Here is a link to a Forbes article explaining Trump's reciprocal tarriffs policy.

Some excerpts:

quote:

Trump said in a Truth Social post VATs, which he called “far more punitive than a Tariff,” will be considered similar to a tariff under his reciprocal tariff plan, stating “whatever Countries charge the United States of America, we will charge them.”


quote:

“I’ve decided, for purposes of fairness, that I will charge a reciprocal tariff,” Trump told reporters, adding, “In almost all cases, they’re charging us vastly more than we charge them but those days are over.”


quote:

The Trump administration “will work strenuously to counter non-reciprocal trading arrangements with trading partners by determining the equivalent of a reciprocal tariff with respect to each foreign trading partner,” according to the text of the memo sent to media.


quote:

Trump said he intends to issue further tariffs “over and above” the reciprocal measures on some key imports including semiconductors and cars.


That last quote is likely the "punitive" tarriffs the other poster talked about.



MOAR:

quote:

What Are Reciprocal Tariffs?

“Very simply, it's if they charge us, we charge them," Trump summarized Sunday about what the policy looks like. Reciprocal tariffs are indeed straightforward in theory: The U.S. would pose the same levies on imported goods from a given country that the other country imposes on their U.S. imports.




quote:

RogerTheShrubber


Now dance, bitch boy.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 2/21/25 at 9:55 am to
quote:


Oxford Languages definitions for "reciprocal":


The Principles of reciprocity which I replied to are thus..

quote:

Each party able to share their needs
A willingness to meet the needs of the other party
Open and honest communication



Reciprocity and principles of reciprocity are not the same thing, Junior.

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