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What is Trump's plan for inflation and reducing the federal deficit/debt?
Posted on 3/9/24 at 10:31 am
Posted on 3/9/24 at 10:31 am
Even if you ignore his Covid spending (which caused a large portion of the inflation we've felt since 2021), his pre-Covid spending was on the same trajectory. I believe the largest increase post-Trump is the interest explosion, which, again, is largely due to spending under Trump's watch and the inflation caused by this spending (leading to higher rates, which has caused our interest payments to balloon).
On his campaign website, under Issues, I see no sub-topic on these issues.
We do have pro-spending comments like this:
quote:
President Trump will always protect Medicare, Social Security, and patients with pre-existing conditions.
61
Posted on 3/9/24 at 10:39 am to SlowFlowPro
I'm going to post this because it's relevant, and because your thread may be a very lonely place -
Since the end of WWII, here's fed outlays as a percent of GDP for the presidents:
Truman - 16.2%
Eisenhower - 17.4%
Kennedy - 18.0%
Johnson - 18.4%
Nixon - 19.0%
Ford - 20.5%
Carter - 20.7%
Reagan - 21.6%
Bush I - 21.3%
Clinton - 18.7%
Bush II - 20.0%
Obama - 21.3%
Trump - 26.4%
Biden - 24.7%
Since the end of WWII, here's fed outlays as a percent of GDP for the presidents:
Truman - 16.2%
Eisenhower - 17.4%
Kennedy - 18.0%
Johnson - 18.4%
Nixon - 19.0%
Ford - 20.5%
Carter - 20.7%
Reagan - 21.6%
Bush I - 21.3%
Clinton - 18.7%
Bush II - 20.0%
Obama - 21.3%
Trump - 26.4%
Biden - 24.7%
Posted on 3/9/24 at 10:42 am to SlowFlowPro
Uh, why did you stop the chart at Trump? Let’s see 2021-2024.
Posted on 3/9/24 at 10:45 am to SloaneRanger
quote:
Uh, why did you stop the chart at Trump?
Because we are talking about Trump and his spending, asking what will be different if he wins this year. Biden is not relevant to this discussion, we all know Biden will continue spending at levels increasing about the same as Trump's first term. Nobody is arguing that Biden will spend less, so discussing Biden has no place in a discussion about spending less.
Posted on 3/9/24 at 10:45 am to David_DJS
It is quite expensive to fix the monumental fuk ups that the Obama admin brought upon us. It will be much more expensive to fix the fuk ups of his third term currently happening now.
Posted on 3/9/24 at 10:48 am to Warboo
quote:
It is quite expensive to fix the monumental fuk ups that the Obama admin brought upon us. It will be much more expensive to fix the fuk ups of his third term currently happening now.
I don't follow what you're suggesting so, please - what Obama frick ups did Trump fix by spending taxpayer dollars. Just list the 3-4 biggest.
Posted on 3/9/24 at 10:50 am to SlowFlowPro
There is no serious solution to spending nor any serious person running on that (with a chance). The question is, how far off is the cliff?
Posted on 3/9/24 at 10:52 am to David_DJS
No new wars. Ended current wars. Retooled the miliary.
Posted on 3/9/24 at 10:53 am to NIH
We’re adding a trillion in debt every 100 days. I wouldn’t be surprised if there is a massive crash by the end of the year.
Posted on 3/9/24 at 10:54 am to SlowFlowPro
Your first mistake is in thinking that Trump has a plan.
Posted on 3/9/24 at 10:54 am to NIH
It’s funny ppl believe some random number. I guarantee the national debt is far worse than that number.
Posted on 3/9/24 at 10:56 am to SlowFlowPro
That spending is a reflection of voters not Congress or the President
Posted on 3/9/24 at 10:56 am to NIH
quote:
The question is, how far off is the cliff?
That depends almost entirely on our GDP growth rate
Posted on 3/9/24 at 10:57 am to Warboo
quote:
No new wars.
Didn't cost anything.
quote:
Ended current wars.
I think this is a big political win for Trump, but not a budget matter.
quote:
Retooled the miliary.
Well, no doubt he spent a shite ton on defense but defense spending didn't drive the trillions he added to the national debt.
Posted on 3/9/24 at 10:58 am to wutangfinancial
quote:
That spending is a reflection of voters not Congress or the President
I don't disagree, but I don't think MAGA/Patriots agree with you.
Remember this?
That's why I'm curious what bullshite MAGA/Patriots will try to interpret as 8D Backgammon.
Posted on 3/9/24 at 10:59 am to SlowFlowPro
Looks like we have our two candidates so now you pick the one that will frick it up the least of the two.
Posted on 3/9/24 at 10:59 am to wutangfinancial
quote:
That spending is a reflection of voters not Congress or the President
Fair point.
Posted on 3/9/24 at 11:00 am to Warboo
Started to finally secure the border and forced Remain in Mexico and other policies that Obiden immediately reversed.
Posted on 3/9/24 at 11:00 am to David_DJS
quote:
as a percent of GDP
Not that meaningful, and it’s skewed badly by Covid in any event. Can we just look at the actual numbers? Deficit spending in US dollars.
Posted on 3/9/24 at 11:01 am to SlowFlowPro
It’s infuriating that no president will address this seriously. We need a balanced budget amendment and spending should never increase more than the current inflation rate and GDP growth rate except in times of war or other emergencies
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