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re: What is Trump's plan for inflation and reducing the federal deficit/debt?
Posted on 3/9/24 at 11:01 am to Warboo
Posted on 3/9/24 at 11:01 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.
You people are so blinded
0
Posted on 3/9/24 at 11:03 am to SlowFlowPro
I like how the household median income reached its all time peak under Trump. Unfortunately Biden has done nothing but destroy that since he took office.
This post was edited on 3/9/24 at 8:47 pm
Posted on 3/9/24 at 11:03 am to SlowFlowPro
Hot take: Trump isn’t a fiscal conservative and frankly (and depressingly) I don’t think one could even win the presidency any longer.
Ugh
Ugh
Posted on 3/9/24 at 11:06 am to David_DJS
quote:
think this is a big political win for Trump, but not a budget matter
Not a budget matter? Do you know how much afgan was costing us per day?
At this point with the interest on the debt the only thing you can do is promote everything you can into making our gdp run like a dragster. Interest rates are killing us with the debt so inflation has to be reeled in period. Keep inflation low and get interest rates down. Trumps economy was spot on. We need it back quickly. Going to be a tough row to how at this point for anyone.
Posted on 3/9/24 at 11:09 am to deltaland
quote:
spending should never increase more than the current inflation rate and GDP growth rate except in times of war or other emergencies
There will never not be a war or emergency. Our government will manufacture them if they have to.
Posted on 3/9/24 at 11:11 am to SlowFlowPro
There’s two issues here. Trump would have been crucified if he didn’t pass the CARES Act while local governments shut down their economies. The “do something” crowd owns that. At the same time he was never a spending hawk so he gets to own it for passing it, and on one of his last days extending it.
The cost of living increases were mostly a derivative of the lockdowns, however. And the Trump hating crowd is more guilty of those policies being implemented and prolonged for no reason. Indicting Trump for that is revisionist history.
The cost of living increases were mostly a derivative of the lockdowns, however. And the Trump hating crowd is more guilty of those policies being implemented and prolonged for no reason. Indicting Trump for that is revisionist history.
Posted on 3/9/24 at 11:12 am to SlowFlowPro
Why does your chart exclude this current admins spending?
Posted on 3/9/24 at 11:13 am to wutangfinancial
quote:
Trump would have been crucified if he didn’t pass the CARES Act while local governments shut down their economies. The “do something” crowd owns that. At the same time he was never a spending hawk so he gets to own it for passing it, and on one of his last days extending it.
But even prior to this, Trump's spending was increasing at a similar rate to Obama's.
Posted on 3/9/24 at 11:13 am to SDVTiger
quote:
Why does your chart exclude this current admins spending?
It's irrelevant and already explained earlier ITT.
Posted on 3/9/24 at 11:16 am to SlowFlowPro
quote:
But even prior to this, Trump's spending was increasing at a similar rate to Obama's.
Show your work on that. It’s quite the “massive” statement to make with using so few words. Sounds made up.
Posted on 3/9/24 at 11:16 am to SlowFlowPro
So you’re rolling with potato in November? Got it.
Posted on 3/9/24 at 11:16 am to davyjones
quote:
Show your work on that.
Literally posted in OP
Posted on 3/9/24 at 11:16 am to Gifman
quote:
So you’re rolling with potato in November?
No?
Posted on 3/9/24 at 11:19 am to David_DJS
LOL at these clowns who think Trump is a fiscal conservative
Posted on 3/9/24 at 11:19 am to Warboo
quote:
It is quite expensive to fix the monumental fuk ups that the Obama admin brought upon us.
Trumps economy was simply a continuation of Obama's economy.
In practice, this is MMT
quote:
Put simply, modern monetary theory decrees that such governments do not rely on taxes or borrowing for spending since they can print as much money as they need and are the monopoly issuers of the currency. Since their budgets aren’t like a regular household’s, their policies should not be shaped by fears of a rising national debt.
It caused massive inflation.
This post was edited on 3/9/24 at 11:22 am
Posted on 3/9/24 at 11:20 am to SlowFlowPro
quote:
It's irrelevant
But to answer your question he wont. No one will
He will force rate drops and a reverse market crash will happen
Posted on 3/9/24 at 11:20 am to SlowFlowPro
Nothing because the only feasible plans for the debt are political suicide.
1. End social security.
2. End Medicare/medicaid
3. Taxes to the moon
So until it’s time to pay the piper, we will continue spending imaginary money because debt is imaginary until the day it becomes real.
1. End social security.
2. End Medicare/medicaid
3. Taxes to the moon
So until it’s time to pay the piper, we will continue spending imaginary money because debt is imaginary until the day it becomes real.
Posted on 3/9/24 at 11:22 am to SlowFlowPro
Nothing, same as every politician in DC.
Unless you can find a way to ban corporate lobbying, there will never be an end to absurd federal spending until the balloon finally pops.
Unless you can find a way to ban corporate lobbying, there will never be an end to absurd federal spending until the balloon finally pops.
Posted on 3/9/24 at 11:22 am to 14&Counting
quote:
LOL at these clowns who think Trump is a fiscal conservative
Trump practiced the economics Bernie would love. Minus the punitive taxes on the wealthy.
This post was edited on 3/9/24 at 11:24 am
Posted on 3/9/24 at 11:24 am to beerJeep
quote:
So until it’s time to pay the piper, we will continue spending imaginary money because debt is imaginary until the day it becomes real.
And even then, it will still be essentially imaginary, or it’s certainly never going to be “real” in the sense of a normal sort of consumer understanding of what it would ever mean to “pay back” debt.
I’m not saying this as if it’s a good OR bad thing.
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