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re: What is Trump's plan for inflation and reducing the federal deficit/debt?
Posted on 3/10/24 at 8:30 am to NC_Tigah
Posted on 3/10/24 at 8:30 am to NC_Tigah
quote:
To claim there is no anticipated fiscal difference between the prospects of a 2025-29 Trump vs Biden Administration is just silly.
The very first post by the OP asked how Trumps policy differs and addresses it.
Nothing but deflection since.
1
Posted on 3/10/24 at 8:32 am to SlowFlowPro
quote:No. It's no more ""clear"" than your earlier incorrect claim that Trump's Covid spending caused a large portion of the inflation we've felt since 2021.
The points are clear: Trump is a huge spender and deficit-debt creator.
Posted on 3/10/24 at 8:33 am to NC_Tigah
Also, Trumps populism moved class warfare from the far left to the populist right.
Posted on 3/10/24 at 8:34 am to Warboo
For all those deflecting and excusing, here is the question the OP asked.
What is Trump's plan for inflation and reducing the federal deficit/debt?
So far the resounding MAGA reply is "It doesnt matter."
What is Trump's plan for inflation and reducing the federal deficit/debt?
So far the resounding MAGA reply is "It doesnt matter."
Posted on 3/10/24 at 8:34 am to NC_Tigah
quote:
No. It's no more ""clear"" than your earlier incorrect claim that Trump's Covid spending caused a large portion of the inflation we've felt since 2021.
Didn't you claim at one time that it didn't cause any inflation or am I mistaken.
Posted on 3/10/24 at 8:34 am to RogerTheShrubber
quote:Oh my.
The very first post by the OP asked how Trumps policy differs and addresses it.
Well then let's start with tax policy of the two beginning in 2025, and the fiscal/economic effect.
Posted on 3/10/24 at 8:37 am to frogtown
quote:Here is what I said.
Didn't you claim at one time that it didn't cause any inflation or am I mistaken.
Posted on 3/10/24 at 8:38 am to NC_Tigah
quote:
No. It's no more ""clear""
Look at the spending increase rates pre-2020. I posted the graph on page 1.
quote:
your earlier incorrect claim that Trump's Covid spending caused a large portion of the inflation we've felt since 2021.
So all that Trump covid spending magically had no impact on the inflation we felt? What caused the inflation then, exactly?
Posted on 3/10/24 at 8:38 am to NC_Tigah
quote:
Well then let's start with tax policy of the two beginning in 2025
Tax policy in 2016 didnt close the gap becaue he spent far more than the increased revenue.
Tax cuts are pretty worthless if you increase spending like we did from 2009-the present to the overall economy
So, we have that Donny will reduce taxes. How will that address the debt without reducing outflow?
Posted on 3/10/24 at 8:38 am to SlowFlowPro
quote:
What is Trump's plan
Posted on 3/10/24 at 8:40 am to momentoftruth87
quote:
quote:
Earn votes.
So if Trump did nothing youd support him? Basically you want him to shut up but then say he didn’t do anything.
Or maybe, just maybe, answer the question posed in the thread title for Americans bright enough to see that his policy and Biden’s policy are both leading us to fiscal collapse.
Posted on 3/10/24 at 8:40 am to NC_Tigah
quote:
your earlier incorrect claim that Trump's Covid spending caused a large portion of the inflation we've felt since 2021.
Inflation lags. Of course 2020 would cause the inflation of 2021.
The damage done through the unemployment system is unfathomable.
This post was edited on 3/10/24 at 8:42 am
Posted on 3/10/24 at 8:43 am to OccamsStubble
quote:
Or maybe, just maybe, answer the question posed in the thread title for Americans bright enough to see that his policy and Biden’s policy are both leading us to fiscal collapse.
Yep. Its the same macro policy, they hate Joes and love Donnys.
It gets the same result.
Posted on 3/10/24 at 8:43 am to NC_Tigah
quote:
NC_Tigah
When you inject money into the economy, it takes some time to work its way through.
Trump and Biden both share the blame here. Maybe Biden more than Trump, but both nonetheless.
This post was edited on 3/10/24 at 8:44 am
Posted on 3/10/24 at 8:44 am to frogtown
quote:
When you inject money into the economy, it takes some time to work its way through.
Trump and Biden both share the blame here. Maybe Biden more than Trump, but both nonetheless.
Posted on 3/10/24 at 8:45 am to frogtown
quote:
When you inject money into the economy, it takes some time to work its way through.
He's using a traditional indicator (USD strength) and ignoring the context (Worldwide inflation post-Covid spending).
If his argument is only the supply chain disruption, then I'm curious why the inflation has remained once that was settled.
Posted on 3/10/24 at 8:46 am to NC_Tigah
quote:
No. It's no more ""clear"" than your earlier incorrect claim that Trump's Covid spending caused a large portion of the inflation we've felt since 2021.
I just don’t understand how people bright enough to operate a computer can really be this stupid. Once again, Trump is responsible for inflation by a measure of 7.8 Trillion / 34 Trillion = 23%.
You can push, pull, deflect, pitch, yaw, torque for eternity and it won’t change the fact that inflation is a bubble due to continued overspending. This is fact
Posted on 3/10/24 at 8:46 am to SlowFlowPro
quote:
then I'm curious why the inflation has remained once that was settled.
I just assume its our new benchmark. I dont think we ever gain what we lost.
Posted on 3/10/24 at 8:49 am to RogerTheShrubber
quote:Inflation can be a derivative supply-demand mismatch, monetary policy, etc. Analysis allows attribution of cause. For example there is, by definition, an inverse relationship between strength of the dollar and inflation derived from monetary policy. Did such an inverse relationship manifest in 2021?
Inflation lags
Posted on 3/10/24 at 8:53 am to NC_Tigah
quote:
. For example there is, by definition, an inverse relationship between strength of the dollar and inflation derived from monetary policy.
This has no place in a discussion of an idiosyncratic macro event like Covid. Everyone spending more and creating inflation worldwide more than the US doesn't have an impact on our monetary supply and inflation domestically.
Having less inflation compared to the world doesn't mean we didn't experience inflation within our borders.
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