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Started By
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Will we see any balanced budgets/surpluses under Trump's next admin?
Posted on 7/20/24 at 12:32 pm
Posted on 7/20/24 at 12:32 pm
If so, how do you think he gets there?
Looking at his platform and I don't see how we don't continue the annual increase in deficit/debt.
Looking at his platform and I don't see how we don't continue the annual increase in deficit/debt.
62
Posted on 7/20/24 at 12:33 pm to SlowFlowPro
Growing economy cures all.
Posted on 7/20/24 at 12:35 pm to SlowFlowPro
So much of that will depend on Congress. Also remember, Trump isn't a libertarian. I think we can at least get a spending freeze at current levels, no cuts, but any preplanned prescheduled increases, for this or that, get sliced out. Even that would be monumental considering how the budgets have worked the last 25 years.
Posted on 7/20/24 at 12:35 pm to SlowFlowPro
It will take him some time to clean up Biden’s mess.
Posted on 7/20/24 at 12:35 pm to SlowFlowPro
You've said this a hundred times in other threads. Did you really have to start a new one?
Posted on 7/20/24 at 12:36 pm to zeebo
quote:
Growing economy cures all.
That can't fix this mess
Let me put it another way, IF you could grow the economy enough to get a balanced budget, the post-Covid inflation would look miniscule.
The 2022 deficit was $1.4T. Per Hauser's law, do you know how much our GDP would have to grow just to make that up?
Posted on 7/20/24 at 12:36 pm to SlowFlowPro
It’s a valid question, but it’s weird that you never ask these questions of democrats. It’s almost like you’re a democrat. It’s so weird.
Posted on 7/20/24 at 12:36 pm to SlowFlowPro
Just stop your phoniness…
Posted on 7/20/24 at 12:37 pm to SlowFlowPro
We won’t see another surplus or balanced budget in our lifetimes.
I would be excited to see government downsized and taxes lowered.
I would be excited to see government downsized and taxes lowered.
Posted on 7/20/24 at 12:37 pm to SlowFlowPro
Rhetorical questions to get the board riled up lol
14 pages
Obvious answer…… No, especially with the Uniparty firmly in place
14 pages
Obvious answer…… No, especially with the Uniparty firmly in place
Posted on 7/20/24 at 12:37 pm to SlowFlowPro
Neither he nor Vance mentioned the national debt once, I believe. They don't care. And neither does the base. Let the millennial and zoomer generations deal with the impending servitude.
This post was edited on 7/20/24 at 12:38 pm
Posted on 7/20/24 at 12:38 pm to Pizza Dan
quote:
It will take him some time to clean up Biden’s mess.
We can base this off 2019.
quote:
The federal budget deficit for the 2019 fiscal year, which ended on September 30, 2019, was $984.4 billion, which was a 26.4% increase from the previous year. This was the largest deficit since 2012
Posted on 7/20/24 at 12:38 pm to SlowFlowPro
quote:
Let me put it another way, IF you could grow the economy enough to get a balanced budget, the post-Covid inflation would look miniscule.
Stick to legal expertise.
If production drives growth, there is deflationary pressure on currency
Posted on 7/20/24 at 12:39 pm to Gifman
quote:
but it’s weird that you never ask these questions of democrats.
Why? We know they won't, which is why I don't vote for them.
What's the point of discussing something we all know?
Posted on 7/20/24 at 12:39 pm to zeebo
quote:
Growing economy cures all.
No shot. You have to 10x the economy to tax yourself out of this mess. Only way to chip away at it is to grow the economy while chiseling away at the size of the federal government.
Posted on 7/20/24 at 12:39 pm to joshnorris14
quote:
Stick to legal expertise.
JD Vance and his wife have both forgotten more about law than SFP will ever know.
Posted on 7/20/24 at 12:40 pm to Gifman
quote:
It’s a valid question, but it’s weird that you never ask these questions of democrats.
Who cares? The democrats have never cared about deficits or the national debt. The GOP base once cared (tea party, etc.) but doesn't care any more. Or lazily just points to Ukraine and muh uniparty.
Posted on 7/20/24 at 12:41 pm to joshnorris14
quote:
If production drives growth, there is deflationary pressure on currency
We're discussing adding about $7T to our GDP in 4 years. You're claiming that won't lead to inflation (assuming no major population growth)?
Posted on 7/20/24 at 12:41 pm to zeebo
quote:
Growing economy cures all.
Not if youre growing it through debt.
Posted on 7/20/24 at 12:41 pm to SlowFlowPro
Nope.
But, a decrease of debt/gdp ratio.
This can be done via economic growth.
But, a decrease of debt/gdp ratio.
This can be done via economic growth.
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