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re: Will we see any balanced budgets/surpluses under Trump's next admin?
Posted on 7/20/24 at 1:07 pm to the808bass
Posted on 7/20/24 at 1:07 pm to the808bass
I've reported 11 posts for spamming the board
0
Posted on 7/20/24 at 1:07 pm to TROLA
quote:
No. He’ll close the gap on deficit spending after the mid terms..
The gap based on when?
The gap based on the increased deficits we expect in those first 2 years? The gap of Biden's final year?
Posted on 7/20/24 at 1:08 pm to the808bass
quote:
Also, the media will be beating the drum of negative economic news as soon as Trump is elected.
100% Truth. Under Bush 2 it was insufferable, and then the second Obama got in office they kept talking about "little green shoots" in the economy like he was going to magically make things better, and he sat on anemic growth for the most part of two terms.
As far as balanced budgets go - forget it. I'm wise enough now to know that no politician will ever make this a priority again.
Posted on 7/20/24 at 1:09 pm to SlowFlowPro
Trump isn’t going to cut or curtail spending. Neither is Biden.
Posted on 7/20/24 at 1:10 pm to SlowFlowPro
Even a balanced budget would have to happen gradually. He may be misusing terms, but that statement alone doesn't necessarily mean that.
Posted on 7/20/24 at 1:10 pm to SlowFlowPro
Based on his last administration, no. However, seeing as he would be term limited, he should take a hatchet to government spending, and try to fix Medicare and Social Security.
Posted on 7/20/24 at 1:12 pm to GRTiger
quote:
Even a balanced budget would have to happen gradually. He may be misusing terms, but that statement alone doesn't necessarily mean that.
That is fair, but I don't think that's what he meant. But it's possible.
Posted on 7/20/24 at 1:15 pm to adamau
quote:
I honestly don't believe there are any actually left in government,
Our economy is running off a new paradigm. Its veered toward technocracy with modern monetary theory as its basis.
Its never going back to classical economics without a reset.
Posted on 7/20/24 at 1:17 pm to SlowFlowPro
quote:
What's the point of discussing something we all know?
Then why are we discussing this? You really think there's a chance at all of Republicans balancing the budget / generating a surplus?
I believe pretty firmly that we will never see a balanced budget. It's not "literally" impossible, but it might as well be. Our society would collapse if the things required were done.
Posted on 7/20/24 at 1:17 pm to SlowFlowPro
quote:
The gap based on when? The gap based on the increased deficits we expect in those first 2 years? The gap of Biden's final year?
From the point he begins reshaping policy. I’m in the camp that a growing economy will be the most effective deficit reduction.. that’s hard to do until mid terms as you’ve got a lot of carryover.
Trump, felt he was on the right track to close the gap in 2019- 2020 but he made some missteps and then came Covid.. most importantly, I think he felt in 2019 that he was on his way to reelection allowing more time to grow the economy.. this time.. he’s got 4 years to cement the “self titled “ idea that he is the answer, I think he’ll move quickly to allow the domestic economy to thrive, in theory..
This post was edited on 7/20/24 at 1:19 pm
Posted on 7/20/24 at 1:20 pm to SlowFlowPro
quote:
Will we see any balanced budgets/surpluses under Trump's next admin?
No. Nor under any administration for the foreseeable future
Posted on 7/20/24 at 1:20 pm to SlowFlowPro
quote:
Will we see any balanced budgets/surpluses under Trump's next admin?
We don't have a choice of someone that's worried about our spending and ability to borrow money
Posted on 7/20/24 at 1:22 pm to TigerFanatic99
quote:
Then why are we discussing this? You really think there's a chance at all of Republicans balancing the budget / generating a surplus?
To be clear, I have been called a "Leftist" for years on here for saying this is one of my primary issues with Trump.
This has become probably my #1 political issue. We're just giving up? Accepting Leftist economics? I just don't get it. Seriously.
Posted on 7/20/24 at 1:25 pm to TROLA
quote:
a growing economy will be the most effective deficit reduction
The math just doesn't work.
We would need to grow our economy close to $5T to make up the 2019 deficit. That's pre-Biden, pre-Covid.
Our economy likely can't out-grow the interest rate of our debt interest payments.
quote:
Trump, felt he was on the right track to close the gap in 2019- 2020
The 2019 deficit was his literal largest deficit.
Posted on 7/20/24 at 1:26 pm to SlowFlowPro
Just needs to lower taxes, lower rates increase incomes and put full on tarrifs on everything
And drill baby drill
And drill baby drill
Posted on 7/20/24 at 1:31 pm to SDVTiger
quote:
Just needs to lower taxes, lower rates increase incomes and put full on tarrifs on everything
And drill baby drill
How much do you think you can cut into the deficit doing this?
Posted on 7/20/24 at 1:32 pm to SlowFlowPro
Zero stop pretending the Defict matters its all a Fugazi at this point and you know it
Posted on 7/20/24 at 1:34 pm to SDVTiger
quote:
Zero stop pretending the Defict matters its all a Fugazi at this point and you know it
Trump spends like a Democrat
Posted on 7/20/24 at 1:34 pm to SlowFlowPro
Ok then. What do we do. You criticize every idea and offer no viable solution. The economy was moving in the right direction in 2019 and was carrying dollars associated with that growth. Trump was operating on the idea that he had 5 more years..
The math doesn’t work for cutting our way out either. It’s not about the actual numbers as much as % of gdp and the carrying costs associated. They are unsustainable at their current levels and can only be resolved with a solid economy and growth.
The math doesn’t work for cutting our way out either. It’s not about the actual numbers as much as % of gdp and the carrying costs associated. They are unsustainable at their current levels and can only be resolved with a solid economy and growth.
Posted on 7/20/24 at 1:34 pm to SlowFlowPro
quote:
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?
This is why people like yourself are left on an island politically. You take no assessment of where we actually are, just your ideal state.
Without regard for the lack of accountability you seem to have for democrats, we should be discussing how to we stop this runaway train before talking about turning it around.
So to answer your question, the Trump admin needs to start cutting budgets, especially in the executive branch. Most federal spending is on jobs, that’s a difficult thing to cure over night without huge disruptions to the economy. But if we can’t control the spend side of the equation, there isn’t much point in discussing the revenue side.
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