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re: Will we see any balanced budgets/surpluses under Trump's next admin?

Posted on 7/20/24 at 3:19 pm to
Posted by TackySweater
Member since Dec 2020
24650 posts
Posted on 7/20/24 at 3:19 pm to
Drastically get rid of much of the fed gov bloat
Posted by boomtown143
Member since May 2019
9407 posts
Posted on 7/20/24 at 3:20 pm to
he will for sure eas our debt.

How much? Not sure.
Posted by First Sergeant1
Enterprise, Alabama
Member since Dec 2018
905 posts
Posted on 7/20/24 at 3:20 pm to
I hope so….i mean, our government expects for us citizens to be responsible and live within a budget…but when is the last time our government has even had an approved budget? Serious question.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
466848 posts
Posted on 7/20/24 at 3:30 pm to
quote:

Dig a hole. Stake your position. Defend a quarter of the battlefield. Get blown up from behind on simple policy facts.

Literally none of that occurred ITT

quote:

Continue to argue like hell while getting ran over by a tank of facts.

Which facts "ran me over" ITT
Posted by scottydoesntknow
Member since Nov 2023
10255 posts
Posted on 7/20/24 at 3:32 pm to
Probably not, doesnt matter at this point, though.
Posted by scottydoesntknow
Member since Nov 2023
10255 posts
Posted on 7/20/24 at 3:36 pm to
quote:

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.


Boomers already took out the 16th mortgage on the country to pay for their excess and bail themselves out. It will fall apart eventually, Trump couldnt stop if even if he wanted to. Congress would slap down any attempt to be fiscally responsible
Posted by David_DJS
Member since Aug 2005
21838 posts
Posted on 7/20/24 at 3:45 pm to
quote:

Boomers already took out the 16th mortgage on the country to pay for their excess and bail themselves out.

When will it not be the boomers doing all these bad things to you/the country? I mean, they're not even the largest generation and make up about a 30% of the adult population. How long before you are done whining about them?
Posted by scottydoesntknow
Member since Nov 2023
10255 posts
Posted on 7/20/24 at 4:00 pm to
quote:

When will it not be the boomers doing all these bad things to you/the country? I mean, they're not even the largest generation and make up about a 30% of the adult population. How long before you are done whining about them?



The results speak for themselves. You are right though, no sense whining about it. Whats done is done. Once boomers finally die and relinquish their power, we will clean up their mess as best as we can
This post was edited on 7/20/24 at 4:01 pm
Posted by Gifman
Member since Jan 2021
17552 posts
Posted on 7/20/24 at 4:04 pm to
quote:

Oh yeah….. and there ain’t no democrats here.


I can name 20 that post here every day
This post was edited on 7/20/24 at 4:05 pm
Posted by David_DJS
Member since Aug 2005
21838 posts
Posted on 7/20/24 at 4:09 pm to
quote:

The results speak for themselves. You are right though, no sense whining about it. Whats done is done. Once boomers finally die and relinquish their power, we will clean up their mess as best as we can

You're missing the point. But I'll go with your statement here - are boomers omnipotent? How stupid and weak is your generation and the rest of the generations behind the boomers? Boomers have to die to "relinquish" their power in a country where they account for 30% of the adult population.
Posted by POTUS2024
Member since Nov 2022
20943 posts
Posted on 7/20/24 at 4:13 pm to
There will be about 500 excuses in this thread but Trump will continue deficit spending and the debt will easily go past $45T by the time he's done, if he's elected. A bolstered economy will never offset the spending that DC desires, which Trump will gladly sign up for, because he thinks that spending money fixes all problems.

When he says things like 'rebuild the military', I'm not sure how anyone thinks existing spending won't be increased dramatically. He is clueless about things like the military and the fact that we have about 1000 too many flag officers, each one with a staff of at least 25 people. That's about 25,000 people in uniform that do nothing for our warfighting capability, and each one costs us a minimum of $250k / yr. That's over $6B/yr that we are wasting.

Every military in history that has seen similar bloat in top ranks has gone on to get routed in combat. Every single one.

This does not address the roughly 10,000 SES employees at the Pentagon, many of them are duplicate positions for flag officers. Each of them with a staff.

We can easily cut $10B in DoD just by purging bloat at the top. People have no idea how much these flag officers and SES personnel cost and how much they are pampered.
Posted by Pelican fan99
Lafayette, Louisiana
Member since Jun 2013
38921 posts
Posted on 7/20/24 at 4:27 pm to
No. It’s basically impossible at this point
Posted by POTUS2024
Member since Nov 2022
20943 posts
Posted on 7/20/24 at 4:32 pm to
quote:

Orange was spending like crazy and inflation didnt run wild

Inflation was less than 1% before Trump got started in 2016, then it rose to over 2% in the years prior to COVID. That's not severe but it's a jump. Personal income rose above the jump in inflation but that was a marginal thing, influenced by the richest getting a lot richer. The real issue is wealth inequality. The rich got richer at a fast pace and large absolute amounts while the remainder of the nation got poorer, in a relative sense, or just stayed even.

It's not a Trump-specific issue. It's a byprodcut of the nexus between Big Gov and Big Money, it's been put into overdrive with Biden, and Democrats will continue that trajectory. The problem is that Trump will do the same. He wants to cite the top line statistics but not drill down to what is affecting families and their wealth generation. He would be better than Biden, for sure, but he won't reverse the course. An improvement is still an improvement and I don't want to pretend like Trump fails to improve things, but we must reverse this course. If we don't, it will spell the end of our country.
Posted by infantry1026
Louisiana
Member since Jan 2010
7673 posts
Posted on 7/20/24 at 4:41 pm to
quote:

Only way to chip away at it is to grow the economy while chiseling away at the size of the federal government.


This is the correct answer! The government is so fricking over bloated that there is no way to shrink it to where we think it SHOULD be immediately. It will have to be a “chipping away” approach (with growing the economy).

And growing the economy is the primary thing we should all be concerned with anyway
Posted by Y.A. Tittle
Member since Sep 2003
109734 posts
Posted on 7/20/24 at 4:45 pm to
quote:

I can name 20 that post here every day


And 20 more will create a new alter every week and post for 3-4 days under it.
This post was edited on 7/20/24 at 4:46 pm
Posted by scottydoesntknow
Member since Nov 2023
10255 posts
Posted on 7/20/24 at 4:53 pm to
quote:

You're missing the point. But I'll go with your statement here - are boomers omnipotent? How stupid and weak is your generation and the rest of the generations behind the boomers? Boomers have to die to "relinquish" their power in a country where they account for 30% of the adult population.


Im missing no point. Im ridiculing yours. Boomers have no defense. They may only be 30% of the population, but that is a huge number of people. They have had a stranglehold on politics since the 80s. Boomers control the majority of the wealth in this country and with that, a huge influence on power. Look at all the classic American institutions they have run into the ground.

Artificially low interest rates for years were for Boomers to recklessly acquire assets and investments
TARP was to protect their retirements once their recklessness caused what should have been collapse
Covid lockdowns were to protect their lives at the expense of younger generations
Covid bailouts again bailed out their retirements at the expense of later generations
Posted by David_DJS
Member since Aug 2005
21838 posts
Posted on 7/20/24 at 5:07 pm to
quote:

Im missing no point. Im ridiculing yours.

By making a retarded point? It doesn't work that way. You're not a victim. Neither is your generation.

quote:

They may only be 30% of the population, but that is a huge number of people. They have had a stranglehold on politics since the 80s

You're arguing that you/your generation is weak and stupid. Why? Why are you blaming boomers for who you vote for?

quote:

Artificially low interest rates for years were for Boomers to recklessly acquire assets and investments
TARP was to protect their retirements once their recklessness caused what should have been collapse
Covid lockdowns were to protect their lives at the expense of younger generations
Covid bailouts again bailed out their retirements at the expense of later generations

You have been convinced of utter nonsense by people who are advantaged by that. I don't know what you're politics are like, but for your sanity's sake I hope you're a liberal.
Posted by KiwiHead
Auckland, NZ
Member since Jul 2014
35994 posts
Posted on 7/20/24 at 5:10 pm to
In terms of spending relative to GDP Military has been cut over the years. We like to speak of the MIC, but in terms of profit and reported revenues, P& G and other consumer brand corporations dwarf them.

Consider that when we were spending on military during the Cold War the US had close to 600 ships. Today its not even 300. You should read the story of "The Last Supper" with SecDef Les Aspin in Clinton's first term . It was all about the contractors being told that the gravy train was over. Along with base closures, etc

Our biggest expenditures is on Medicare and Social Security....and no one is seriously willing to attack it. Trump won't, and Biden and the Democrats certainly won't. In fact you can cut military spending, have a growth rate of greater than 3.5% annually and you will still have deficits and the debt will continue to grow.
Posted by Turbeauxdog
Member since Aug 2004
24139 posts
Posted on 7/20/24 at 5:11 pm to
The only practical thing is that the budget deficit decreases as a percentage of gdp every year then in 1000 years we'll have a reasonable fiscal situation.
Posted by Flats
Member since Jul 2019
26944 posts
Posted on 7/20/24 at 5:14 pm to
quote:

Once boomers finally die and relinquish their power, we will clean up their mess as best as we can


Who keeps electing these all-powerful Boomers?
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