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re: Will we see any balanced budgets/surpluses under Trump's next admin?
Posted on 7/20/24 at 12:51 pm to joshnorris14
Posted on 7/20/24 at 12:51 pm to joshnorris14
quote:
I answered your irrelevant question with the rest of my response that you didn’t quote. Either you
A) Didn’t read it
B) Read it and don’t care.
I said it's incorrect.
quote:
Either way, your hubris won’t allow you to say “I was wrong when I said growth (in general) will lead to massive inflation”.
I'm not, and you didn't read my entire post when you made your (incorrect) argument. It referenced Hauser's law, which relies on GDP.
You missed it (or are ignorant to it) and are just flailing by falling back on (incorrect) conclusory statements
0
Posted on 7/20/24 at 12:51 pm to SlowFlowPro
Yes, a "deficit" over any time period is paid through borrowing through debt. Thus for all practical purposes deficit is debt. QED.
Posted on 7/20/24 at 12:51 pm to KiwiHead
quote:
cuts to SS and Medicare.
Military needs to be scaled back too.
quote:
The United States still makes up the lion’s share, with its $801 billion in 2021 representing 39% of the world’s military spending. That's more than the next nine countries combined — still more than 3 years ago when it was merely larger than the next seven combined. Most of these nine countries are geopolitically aligned with the U.S.
Posted on 7/20/24 at 12:52 pm to SlowFlowPro
frick you is how
Posted on 7/20/24 at 12:52 pm to RogerTheShrubber
RTS, I hit reply on the wrong post. As you were 
Posted on 7/20/24 at 12:53 pm to Gifman
quote:
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
What’s the point?
Democrats don’t even pretend to practice any sort of fiscal responsibility.
Oh yeah….. and there ain’t no democrats here.
Posted on 7/20/24 at 12:54 pm to therick711
quote:
Except the president doesn't set the budget.
The budget is coordinated by the President and both chambers of Congress.
The President has proposed a budget for 100 years, regardless.
quote:
Why did you start this thread?
To discuss policy, a rarity on this board these days
quote:
We get it, there isn't a fiscally responsible candidate or congress.
Many don't agree and see the DEM option as the fiscally irresponsible side
Posted on 7/20/24 at 12:56 pm to therick711
quote:
Yes, a "deficit" over any time period is paid through borrowing through debt. Thus for all practical purposes deficit is debt.
And we can have a year without a budget deficit while still having debt.
We are discussing individual years and budgets.
Posted on 7/20/24 at 12:56 pm to SlowFlowPro
He's certainly not a fiscal conservative at all. For that matter, I honestly don't believe there are any actually left in government, and even if there were, the road blocks to trying to get that type of budget enacted would be enormous.
Our bloated bureaucracy is completely addicted to spending at all levels and I don't think that is going change until it implodes under its own weight.
When that actually happens is the $50,000 question.
Our bloated bureaucracy is completely addicted to spending at all levels and I don't think that is going change until it implodes under its own weight.
When that actually happens is the $50,000 question.
Posted on 7/20/24 at 12:56 pm to SlowFlowPro
quote:
Will we see any balanced budgets/surpluses under Trump's next admin?
Lol less than zero chance
Posted on 7/20/24 at 12:56 pm to RogerTheShrubber
quote:
cuts to SS and Medicare.
quote:
Military needs to be scaled back too.
Trump's platform specifically protects/expands spending in all 3 areas
Posted on 7/20/24 at 12:57 pm to SlowFlowPro
The deficit increased under the first Trump administration, even before covid. There may be a decrease since the past few years had such high spending, but I see no reason to expect a balanced budget under him.
The fact is no one has the stomach to do what it would take to balance the budget. We simply will not see a balanced budget as long as people keep buying our debt.
The fact is no one has the stomach to do what it would take to balance the budget. We simply will not see a balanced budget as long as people keep buying our debt.
Posted on 7/20/24 at 12:59 pm to ldts
quote:
The fact is no one has the stomach to do what it would take to balance the budget.
Correct.
Unfortunately I believe it will take a depression or a collapse.
Posted on 7/20/24 at 1:00 pm to RogerTheShrubber
It raises a scary question if any person can run for President without pushing economic leftism to buy votes.
Posted on 7/20/24 at 1:01 pm to SlowFlowPro
quote:
Will we see any balanced budgets/surpluses under Trump's next admin?
lol, no
Posted on 7/20/24 at 1:01 pm to zeebo
quote:
Growing economy cures all.
No, it doesn’t.
Cuts are going to have to be made.
I’d suggest going to 2019 budgets for all departments as a start (where there is discretionary spending).
Posted on 7/20/24 at 1:02 pm to SlowFlowPro
No. He’ll close the gap on deficit spending after the mid terms.. I imagine he’ll use the positives he garnered in his presidency and “hopefully “ learn from the mistakes. The biggest push will be in spending domestic vs foreign in terms of military and other non budget expenditures
Posted on 7/20/24 at 1:02 pm to SlowFlowPro
quote:
Will we see any balanced budgets/surpluses under Trump's next admin?
No, for two reasons:
1. The deficit is too big to be closed in four years, and
2. Trump
Posted on 7/20/24 at 1:04 pm to the808bass
Also, the media will be beating the drum of negative economic news as soon as Trump is elected.
Posted on 7/20/24 at 1:06 pm to Penrod
quote:
1. The deficit is too big to be closed in four years, and
This is why the distinction is needed, rick
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