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re: What is Trump's plan for inflation and reducing the federal deficit/debt?
Posted on 3/9/24 at 11:26 am to David_DJS
Posted on 3/9/24 at 11:26 am to David_DJS
According to your numbers Trump and then Biden each blew the top off the budget.
In a Trump v Biden race there is no fiscal conservative. Both are big spenders each spending roughly 25% more than all the presidents since WWII.
While we argue about Ukraine, the border, abortion, and making America great again; neither guy is an answer to our budget issues.
In a Trump v Biden race there is no fiscal conservative. Both are big spenders each spending roughly 25% more than all the presidents since WWII.
While we argue about Ukraine, the border, abortion, and making America great again; neither guy is an answer to our budget issues.
0
Posted on 3/9/24 at 11:26 am to SlowFlowPro
quote:
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.
On the same trajectory as past administrations?
Totally agree, which should tell you it's gonna take much more than Trump to begin the nearly impossible task of reducing the federal deficit and debt.
The federal debt and annual deficits will never be reduced to any appreciable amount until there is a balanced budget amendment, which is about as likely as congress passing legislation for term limits.
Posted on 3/9/24 at 11:27 am to SlowFlowPro
He is going to put you and your kind in camps so y'all can't spend money.
Posted on 3/9/24 at 11:27 am to SlowFlowPro
The answer is right in front of you dumbass.
No one will ever have a plan to deal with the deficit or the debt. No Republican, no Democrat, no President and no political party.
No citizen will ever agree to any real plan either.
That chart will go up and up until something breaks or collapses.
It's a bogus issue. No one will ever do anything about it. That's a fact.
535 people control every dime spent and you will never ever ever have enough people in power willing to Alter the trajectory of that chart.
It's going to get steeper actually.
No one will ever have a plan to deal with the deficit or the debt. No Republican, no Democrat, no President and no political party.
No citizen will ever agree to any real plan either.
That chart will go up and up until something breaks or collapses.
It's a bogus issue. No one will ever do anything about it. That's a fact.
535 people control every dime spent and you will never ever ever have enough people in power willing to Alter the trajectory of that chart.
It's going to get steeper actually.
Posted on 3/9/24 at 11:27 am to Y.A. Tittle
quote:
in the sense of a normal sort of consumer understanding of what it would ever mean to “pay back” debt.
Every single taxpayer paid something like 200k towards the debt right now we would be debt free.
6 seconds later we would be 100k in debt.
12 seconds later 200k in debt
On.
And on
And on
And on
Posted on 3/9/24 at 11:27 am to SlowFlowPro
Neither party has a plan for inflation or reducing the federal deficit or debt.
If people were told that the federal government has to cut spending drastically and increase taxes to start paying for some of the stuff that we've consistently not paid for over the years to get our federal deficit and debt under control, they'd piss their pants. No one wants to pay for anything anymore, and that's why we are where we are. We cut taxes for the entities that really have the means to pay for it, not realizing that it lowers revenue coming in to the Treasury to pay for stuff.
Interest rates were far too low for too long (between the Obama and Trump years), we gave out a ton of federal money in repeat stimulus payments through the Obama and Trump years, we cut revenue receipts through Trump's tax cuts, all of which have placed us on the path of where we are with inflation. We've increased interest rates gradually to try to fight inflation (only to tack on more interest as a percentage of our federal debt payments).
We provide way too much foreign aid (to the tune of billions of dollars) to other countries, when you can just drive through many of the poor rural and urban areas in this country, and they can seriously use more of their own federal dollars helping them.
So, what would Trump do about inflation? Absolutely nothing. He helped it get to where it is today, so there's nothing to suggest in his actions that he'd do anything to reduce it.
If people were told that the federal government has to cut spending drastically and increase taxes to start paying for some of the stuff that we've consistently not paid for over the years to get our federal deficit and debt under control, they'd piss their pants. No one wants to pay for anything anymore, and that's why we are where we are. We cut taxes for the entities that really have the means to pay for it, not realizing that it lowers revenue coming in to the Treasury to pay for stuff.
Interest rates were far too low for too long (between the Obama and Trump years), we gave out a ton of federal money in repeat stimulus payments through the Obama and Trump years, we cut revenue receipts through Trump's tax cuts, all of which have placed us on the path of where we are with inflation. We've increased interest rates gradually to try to fight inflation (only to tack on more interest as a percentage of our federal debt payments).
We provide way too much foreign aid (to the tune of billions of dollars) to other countries, when you can just drive through many of the poor rural and urban areas in this country, and they can seriously use more of their own federal dollars helping them.
So, what would Trump do about inflation? Absolutely nothing. He helped it get to where it is today, so there's nothing to suggest in his actions that he'd do anything to reduce it.
This post was edited on 3/9/24 at 11:34 am
Posted on 3/9/24 at 11:28 am to davyjones
quote:
Show your work on that.
He needs to teach you how to read a graph now?
Posted on 3/9/24 at 11:28 am to Bass Tiger
quote:
On the same trajectory as past administrations?
Obama's economy was like Trumps economy is now Joes economy.
Its all built on debt, which is a bad thing in classical economics. You dont deficit spend in good economic times.
This post was edited on 3/9/24 at 11:29 am
Posted on 3/9/24 at 11:29 am to SlowFlowPro
quote:
Trump
quote:
plan
Ha, that’s a good one
Posted on 3/9/24 at 11:30 am to SlowFlowPro
After a quick read through the thread trump is helpless to stop the spending but joe Biden is spending out of control?
Posted on 3/9/24 at 11:30 am to Tiger985
quote:
That chart will go up and up until something breaks or collapses.
Our military spending is way out of line with the rest of the world.
But you dont get re-elected if you cut the military budget.
Posted on 3/9/24 at 11:30 am to wutangfinancial
quote:
Trump would have been crucified if he didn’t pass the CARES Act while local governments shut down their economies.
He was going to be crucified no matter what he did. He should have fought ridiculous Covid spending rather than falling in line with the Left/establishment. Don't forget, in the end (the Oct Covid bill) he lobbied for more spending than Pelosi proposed.
Posted on 3/9/24 at 11:31 am to SlowFlowPro
I know it was. Entitlements are indexed to inflation he ran on not touching them hints him being a populist not a conservative. Nobody’s going to win an election running on cutting entitlements. There would have to be an apocalyptic treasury market for Congress to make changes to mandatory spending. I’m not going to bag any president for that. It’s an us problem not a Trump problem.
Posted on 3/9/24 at 11:31 am to David_DJS
Adjust for covid retardedness please.
Posted on 3/9/24 at 11:32 am to oklahogjr
quote:
After a quick read through the thread trump is helpless to stop the spending but joe Biden is spending out of control?
One area Trump voters brag on constantly is the economy. Its no different than Obamas or Joes.
Posted on 3/9/24 at 11:32 am to David_DJS
quote:
He was going to be crucified no matter what he did. He should have fought ridiculous Covid spending rather than falling in line with the Left/establishment
Beating this deadhorse is so pathetic
Posted on 3/9/24 at 11:33 am to SlowFlowPro
quote:
Even if you ignore his Covid spending
You can't.
quote:
his pre-Covid spending was on the same trajectory
horseshite.
Posted on 3/9/24 at 11:34 am to David_DJS
quote:
Don't forget, in the end (the Oct Covid bill) he lobbied for more spending than Pelosi proposed.
That he did.
Trump didnt believe we spent enough and wanted more than the Democrats.
This post was edited on 3/9/24 at 11:35 am
Posted on 3/9/24 at 11:35 am to Powerman
quote:
He needs to teach you how to read a graph now?
Garbage in, garbage out
Posted on 3/9/24 at 11:35 am to oklahogjr
quote:
After a quick read through the thread trump is helpless to stop the spending but joe Biden is spending out of control?
Nah. Neither side will ever do anything because, again, the only actual options that will do something are political suicide.
No one is going to cut Medicare or Medicaid.
No one is going to cut social security
No one is going to propose tax hikes to the moon
So we will continue to spend made up money until the day the imaginary debt becomes real debt and we get punched square in the face.
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