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re: What is Trump's plan for inflation and reducing the federal deficit/debt?
Posted on 3/9/24 at 11:38 am to oklahogjr
Posted on 3/9/24 at 11:38 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?
Biden’s deficit spending each year far exceeds Trump’s in his first three years. If you set Covid aside, Biden’s spending is very much out of control next to Trump’s. This is why the OP went out of his way to carve Biden’s years out of the graph.
1
Posted on 3/9/24 at 11:40 am to David_DJS
quote:
Trump - 26.4%
This is what happens when Congress pays people not to work.
Posted on 3/9/24 at 11:40 am to SloaneRanger
quote:
Biden’s deficit spending each year far exceeds Trump’s in his first three years. If you set Covid aside, Biden’s spending is very much out of control next to Trump’s. This is why the OP went out of his way to carve Biden’s years out of the graph.
Exactly. Is it true this admin is spending a trillion every 100 days? VDH said this in his interview with CucktheTuck
This post was edited on 3/9/24 at 11:41 am
Posted on 3/9/24 at 11:43 am to SlowFlowPro
The antidote to deficits and debt is multifaceted. The two biggest facets are productivity from the people and congressional spending.
Increasing productivity starts with low energy inputs. Congressional spending starts with spending less. Trump will take care of the first part.
Increasing productivity starts with low energy inputs. Congressional spending starts with spending less. Trump will take care of the first part.
Posted on 3/9/24 at 11:43 am to SDVTiger
quote:
Exactly. Is it true this admin is spending a trillion every 100 days?
If they were we wouldn't be running huge deficits
How do you not even know the most basic of shite?
Posted on 3/9/24 at 11:44 am to SlowFlowPro
There are two candidates now, and we have lived under both. If you think things are better now than under Trump then you can’t be taken seriously no matter how hard you pretend to be a legal scholar.
Posted on 3/9/24 at 11:47 am to Powerman
quote:
If they were we wouldn't be running huge deficits
Take it up with VDH. But I dont trust any of these numbers they are showing. Especially after that bls revision
Posted on 3/9/24 at 11:48 am to SlowFlowPro
quote:
What is Trump's plan for inflation and reducing the federal deficit/debt?
Because this is the alternative
Posted on 3/9/24 at 11:49 am to SDVTiger
quote:
Falling deeper into the red is the opposite of what Trump, the self-styled “King of Debt,” said would happen if he became president. In a March 31, 2016, interview with Bob Woodward and Robert Costa of The Washington Post, Trump said he could pay down the national debt, then about $19 trillion, “over a period of eight years” by renegotiating trade deals and spurring economic growth.
After he took office, Trump predicted that economic growth created by the 2017 tax cut, combined with the proceeds from the tariffs he imposed on a wide range of goods from numerous countries, would help eliminate the budget deficit and let the U.S. begin to pay down its debt. On July 27, 2018, he told Sean Hannity of Fox News: “We have $21 trillion in debt. When this [the 2017 tax cut] really kicks in, we’ll start paying off that debt like it’s water.”
Nine days later, he tweeted, “Because of Tariffs we will be able to start paying down large amounts of the $21 trillion in debt that has been accumulated, much by the Obama Administration.”
That’s not how it played out. When Trump took office in January 2017, the nonpartisan Congressional Budget Office was projecting that federal budget deficits would be 2% to 3% of our gross domestic product during Trump’s term. Instead, the deficit reached nearly 4% of gross domestic product in 2018 and 4.6% in 2019.
Posted on 3/9/24 at 11:49 am to SlowFlowPro
BS.
When you consider that Fauchi paid for the development of the communist virus and shut down half of the world ..
Eliminate the work of the socialists, globalists ......now redraw your stupid graph.
The other night, the screamer laid out his plan to finish the destruction of the economy and start WW3.
Higher taxes on Corporate America will accomplish three things. Inflation through the roof, vast unemployment and multi millionaires and billionaires sitting on the sidelines.
There will be at least a thousand boots on the ground in Gaza, building those stupid docks. France and Poland are seriously considering boots on the ground in Ukraine.
When you consider that Fauchi paid for the development of the communist virus and shut down half of the world ..
Eliminate the work of the socialists, globalists ......now redraw your stupid graph.
The other night, the screamer laid out his plan to finish the destruction of the economy and start WW3.
Higher taxes on Corporate America will accomplish three things. Inflation through the roof, vast unemployment and multi millionaires and billionaires sitting on the sidelines.
There will be at least a thousand boots on the ground in Gaza, building those stupid docks. France and Poland are seriously considering boots on the ground in Ukraine.
Posted on 3/9/24 at 11:51 am to SDVTiger
quote:
Exactly. Is it true this admin is spending a trillion every 100 days? VDH said this in his interview with CucktheTuck
I think that $1 trillion is being added to the national debt every three to four months. That’s probably what you are thinking of.
Posted on 3/9/24 at 11:51 am to SloaneRanger
He will have food prices down in a month of being in office
Posted on 3/9/24 at 11:54 am to SloaneRanger
quote:
I think that $1 trillion is being added to the national debt every three to four months. That’s probably what you are thinking of.
got it thats what he was saying. VDH was destroying Biden but said this race is gonna be a nightmare Posted on 3/9/24 at 11:56 am to SlowFlowPro
I hope there is some trimming of the bureaucracy. That would probably save a metric frickton.
Posted on 3/9/24 at 11:56 am to NashvilleTider
quote:
He will have food prices down in a month of being in office
How?
Posted on 3/9/24 at 11:57 am to beerJeep
quote:
No one is going to cut Medicare or Medicaid.
No one is going to cut social security
Agreed. Nobody will be able to fix it "right now", but we do need that person in charge who won't make it worse.
We should expect these politicians to have a plan for not making it worse.
This post was edited on 3/9/24 at 11:59 am
Posted on 3/9/24 at 11:58 am to Miner
quote:
I hope there is some trimming of the bureaucracy.
The head of the snake is funding. Force them to become lean.
Posted on 3/9/24 at 11:58 am to SlowFlowPro
quote:
inflation caused by this spending (leading to higher rates, which has caused our interest payments to balloon).
How do you think the supply side would have benefited from trumps re-election and opening up the country for business sooner than Biden coming out of the Covid era?
What impact would the 100 yr bond have had if yellen and this administration would have issued like trump suggested?
Posted on 3/9/24 at 11:59 am to NashvilleTider
quote:
He will have food prices down in a month of being in office
Idk about that. Usually don’t see things reversing. If he can stop the bs Ukraine spending and other pork, rates could come down and pump the market. Its a weird situation because consumer confidence is technically still high because they’re paying high prices and spending out the arse still on unnecessary goods. I believe he will attack gas prices as that’s one of his main talking points, which would absolutely help consumers immediately.
Posted on 3/9/24 at 11:59 am to RogerTheShrubber
quote:
One area Trump voters brag on constantly is the economy. Its no different than Obamas or Joes.
Have to call BS on this. Look at labor participation rates. Under Obama ( 2009-2017 ) it dropped big time. During Trumps time it did increase but not by a lot. Now look under the "big guy" what do you see? I see the labor participation rate not going back to pre Covid levels... but but... the economy is great.
Give me a break.
Here is the labor participation rate by LINK: Labor participation rate
This post was edited on 3/9/24 at 12:07 pm
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