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re: Will we see any balanced budgets/surpluses under Trump's next admin?
Posted on 7/20/24 at 1:36 pm to 14&Counting
Posted on 7/20/24 at 1:36 pm to 14&Counting
quote:
Trump spends like a Democrat
Im fine with it as long as incomes are up, taxes are low, energy is cheap and we are raking in billions in tarrifs
Posted on 7/20/24 at 1:37 pm to SlowFlowPro
I highly doubt it. As someone else said, it depends so much on Congress. If Republicans sweep the elections and there’s a red wave in the House and Senate, maybe. But as it stands now, Republicans want to spend more on defense, and Democrats want to spend more on entitlements. They’ll “compromise” by spending more on both.
Posted on 7/20/24 at 1:37 pm to SDVTiger
quote:
Trump spends like a Democrat
Im fine with it as long as incomes are up, taxes are low, energy is cheap and we are raking in billions in tarrifs
Inflation cancels all your freebies out.
Posted on 7/20/24 at 1:39 pm to SlowFlowPro
quote:
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)?
quote:
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)?
Oh I see, you are expecting the president to control inflation, balance the budget and not grow the economy.
What exactly do you think can be done?
Posted on 7/20/24 at 1:39 pm to SlowFlowPro
quote:No
If so, how do you think he gets there?
Will it be better than anyone you’d vote for? I don’t know how it couldn’t be
Posted on 7/20/24 at 1:40 pm to VOR
quote:
VOR
So bitter and nasty. Just like your party heroes
Posted on 7/20/24 at 1:42 pm to TROLA
quote:
What do we do.
We have to cut spending bigly in these programs
Social Security
Medicare
Medicaid
Military
ACA subsidies
quote:
The economy was moving in the right direction in 2019
And yet we had our biggest pre-Covid budget deficit under Trump
That good economy wasn't helping stop the gap
quote:
The math doesn’t work for cutting our way out either.
Why?
Electability may not work, but how does the math not work?
quote:
and can only be resolved with a solid economy and growth.
We will only collect right at 20% of our GDP as tax revenue, which means for ever dollar in deficit you want to make up, that GDP growth has to be $5.
Our GDP was like $27.4T in 2023.
To make up the $984.4B 2019 deficit, we'd need an extra $4.922T, which is 18% of our current GDP. And that's just to get even at 2019 rates.
We would still have $34T on the books increasing every year with about 3% compounding interest.
Posted on 7/20/24 at 1:46 pm to OceanMan
quote:
Oh I see, you are expecting the president to control inflation, balance the budget and not grow the economy.
No. I'm popping the bubble of the NPC meme that we can grow our economy to fix the deficit/debt issue. The math doesn't work.
Growing our economy is a small part of the equation.
quote:
What exactly do you think can be done?
quote:
We have to cut spending bigly in these programs
Social Security
Medicare
Medicaid
Military
ACA subsidies
Nothing else is big enough to really matter.
Posted on 7/20/24 at 1:47 pm to SlowFlowPro
At this point - Libs craying >>>>> any silly budget talk
I don’t care about how he will govern I just want him to win for the election night YouTube clips
I don’t care about how he will govern I just want him to win for the election night YouTube clips
Posted on 7/20/24 at 1:51 pm to SlowFlowPro
quote:
Why? Electability may not work, but how does the math not work?
Because the math doesn’t work. How many members in congress are going to cut all this?
quote:
Social Security Medicare Medicaid Military ACA subsidies
I dint believe in a balanced budget. It’s to constraining to maintain a forward looking economy. We can cut some spending and we should but that’s never going to enough as the deficit isn’t simply a math problem with budget dollars but involves the math of the electorate.
You get a booming economy with more money flowing in people’s pockets and your more likely to get the needed cuts to balance growth and spending cuts
Posted on 7/20/24 at 1:52 pm to RogerTheShrubber
quote:
Inflation cancels all your freebies out.
When incomes passes inflation alls well dummy
We know you dont earn a paycheck or own a business so you camt really speak on that
Posted on 7/20/24 at 1:55 pm to deeprig9
quote:
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.
If we get that, I’ll be (pleasantly) floored. I give it about a 0.0062743% chance.
Posted on 7/20/24 at 1:58 pm to SlowFlowPro
quote:
Trump's next admin
Its nice to see you concede so early, even you see the landslide coming
Posted on 7/20/24 at 1:59 pm to deeprig9
Correct answer. Ryan and McConnell did more to screw Trump than Pelosi and Schumer.
Posted on 7/20/24 at 2:01 pm to SDVTiger
quote:
When incomes passes inflation alls well dummy
You aren’t getting lower inflation until the out of control spending stops. Trump isn’t going to stop spending (neither is Biden) because it would result in a bad recession and neither is willing to do that because of their ego’s. They will continue spending Trillions kicking the can down the road for the next guy. That’s not sound economic policy.
Posted on 7/20/24 at 2:01 pm to JAXTiger16
quote:
Its nice to see you concede so early, even you see the landslide coming
I said Trump was the favorite before the debate
Posted on 7/20/24 at 2:06 pm to JAXTiger16
quote:
landslide
Not going to happen with Trump on the ticket. Will come down to the same 5 or 6 states it did in 2016 and 2020. Trump is incapable of a landslide.
Posted on 7/20/24 at 2:11 pm to ronricks
quote:
You aren’t getting lower inflation until the out of control spending stops
Orange was spending like crazy and inflation didnt run wild
You arent the brightest so its better that you stick to talking about male penis size
Posted on 7/20/24 at 2:12 pm to SlowFlowPro
quote:
Will we see any balanced budgets/surpluses under Trump's next admin?
Of course not. The problem isn't Trump. The problem is universal suffrage. Entirely too many retards get a say in who controls government.
This post was edited on 7/20/24 at 2:14 pm
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