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Message
re: Will we see any balanced budgets/surpluses under Trump's next admin?
Posted on 7/20/24 at 5:20 pm to KiwiHead
Posted on 7/20/24 at 5:20 pm to KiwiHead
quote:
In terms of spending relative to GDP Military has been cut over the years.
It's best looked at in the perspective of what's going on. You're right, it's been cut over the last 20 years or so but that's because of the buildup post-9/11. Today's military budget as a percent of GDP is about what it was in the '90's, after the draw down post-cold war.
quote:
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.
This is true, and medicare/social security need to be dealt with. That said, IMO there'll never be the political will to address entitlements until after the federal discretionary budgets has been right-sized/rationalized.
1
Posted on 7/20/24 at 5:20 pm to SlowFlowPro
quote:We haven't had a budget in years.
budgets/surpluses under Trump's next admin?
Posted on 7/20/24 at 5:50 pm to SlowFlowPro
Balanced? Probably not. Unfortunately that would take politically unpopular cuts to social programs and defense spending combined with moderate tax hikes after the economy is fixed and growing faster.
It would be too painful to do in a short period of time. I think the only viable way is to pass a law that lays out milestones over say 20-30 years to get to a balanced budget. Moderate automatic cuts each year and flexible tax rates based on economic growth
Regardless, this will take Congress to act. Trump will likely cut spending and reduce the deficit though
It would be too painful to do in a short period of time. I think the only viable way is to pass a law that lays out milestones over say 20-30 years to get to a balanced budget. Moderate automatic cuts each year and flexible tax rates based on economic growth
Regardless, this will take Congress to act. Trump will likely cut spending and reduce the deficit though
Posted on 7/20/24 at 5:52 pm to SlowFlowPro
Depends on if the Republicans keep the House and win the Senate. If they do, he'll spend like a drunken sailor. I'm ok with that.
Posted on 7/20/24 at 6:02 pm to David_DJS
Saying "youre making retarded arguments" isnt an argument.
Like most boomers, platitudes mean more than facts
Like most boomers, platitudes mean more than facts
Posted on 7/20/24 at 6:36 pm to SlowFlowPro
There’s not an R or D who will ever do anything to address the budget or entitlements. The gov’t will continue to get bigger and ultimately collapse under its own weight. Then, those that are left will have to put the pieces back together and start over.
Posted on 7/20/24 at 6:52 pm to SlowFlowPro
[
This happens in nearly every thread you make and you don’t notice. I bet it’s nice being this oblivious.
quote:
Which facts "ran me over" ITT
This happens in nearly every thread you make and you don’t notice. I bet it’s nice being this oblivious.
Posted on 7/20/24 at 6:56 pm to Gifman
quote:
This happens in nearly every thread you make and you don’t notice. I bet it’s nice being this oblivious.
Every once in awhile he will start to say he was the most liked poster of the political board in 2014
Posted on 7/20/24 at 7:00 pm to SlowFlowPro
quote:
Will we see any balanced budgets/surpluses under Trump's next admin?
Hell no. Posted on 7/20/24 at 7:12 pm to David_DJS
quote:What do you cut? Total discretionary spending is about 26% of the budget. And a big chunk of that goes toward healthcare and veterans benefits that no one wants to cut. LINK to CBO
That said, IMO there'll never be the political will to address entitlements until after the federal discretionary budgets has been right-sized/rationalized.
Thsts 2022, I think in 2023 and beyond cutting discretionary to $0 still won’t balance the budget.
This post was edited on 7/20/24 at 7:13 pm
Posted on 7/20/24 at 7:27 pm to SlowFlowPro
At this point, when I see your post, I just automatically down vote. Then I may or may not read your drivel.
How in the hell can you be a grown "man", and be such a pussy???
I have a mental image of what you probably look like and it ain't pretty. Do you have one eyeball in the middle of your forehead? If you're straight, have you ever had a girl of any modest level of attractiveness let you see her naked?
Scores of libtards are admitting they were wrong and joining us normal people in the real world daily. Will you ever cross over into reality and leave wacko world behind?
How in the hell can you be a grown "man", and be such a pussy???
I have a mental image of what you probably look like and it ain't pretty. Do you have one eyeball in the middle of your forehead? If you're straight, have you ever had a girl of any modest level of attractiveness let you see her naked?
Scores of libtards are admitting they were wrong and joining us normal people in the real world daily. Will you ever cross over into reality and leave wacko world behind?
Posted on 7/20/24 at 7:27 pm to SlowFlowPro
Energy. Produce oil and LNG for export. Nuclear for electricity. Manufacture more in the US with cheap energy. Grow non- government jobs and watch the GNP grow and tax revenues increase. Reduce the number of government employees and reduce the budget. More good jobs with benefits reduce government expenditure on social programs. Make green energy compete and end subsidies. Export goods and deport illegal aliens.
Energy is the key. If we can sell oil and gas to Europe they don’t need to buy it from Russia or the Middle East. Win-Win. Nuclear can power your EVs or you can stay with ICE cars or hybrids. Cheapest option wins. America wins.
Unleash the American economy and it will roar.
Energy is the key. If we can sell oil and gas to Europe they don’t need to buy it from Russia or the Middle East. Win-Win. Nuclear can power your EVs or you can stay with ICE cars or hybrids. Cheapest option wins. America wins.
Unleash the American economy and it will roar.
Posted on 7/20/24 at 8:31 pm to Gifman
quote:
This happens in nearly every thread you make and you don’t notice.
Then it should be easy to point out.
Which facts "ran me over" ITT?
This post was edited on 7/20/24 at 8:32 pm
Posted on 7/20/24 at 8:32 pm to OceanMan
quote:
Every once in awhile he will start to say he was the most liked poster of the political board in 2014
Well back then, the vast majority still valued things like small government, reducing spending, working on the deficit, etc.
I kept those values and many changed their political avatar for the 2nd/3rd time since I've been on here and adopted Leftist economics.
The irony is that they call me a Leftist/Democrat for maintaining actual conservative principles economically.
Posted on 7/20/24 at 8:34 pm to tigahlovah
quote:
At this point, when I see your post, I just automatically down vote. Then I may or may not read your drivel.
How in the hell can you be a grown "man", and be such a pussy???
So you can't or won't answer a simple question in OP? Doesn't that make you the pussy? Why are you scared to join in a policy discussion?
quote:
Scores of libtards are admitting they were wrong and joining us normal people in the real world daily.
This is that irony I just referenced. You call me a libtard for promoting economic conservatism?
Posted on 7/20/24 at 8:36 pm to Lynxrufus2012
quote:
Energy. Produce oil and LNG for export. Nuclear for electricity. Manufacture more in the US with cheap energy. Grow non- government jobs and watch the GNP grow and tax revenues increase. Reduce the number of government employees and reduce the budget. More good jobs with benefits reduce government expenditure on social programs. Make green energy compete and end subsidies. Export goods and deport illegal aliens.
Energy is the key. If we can sell oil and gas to Europe they don’t need to buy it from Russia or the Middle East. Win-Win. Nuclear can power your EVs or you can stay with ICE cars or hybrids. Cheapest option wins. America wins.
Unleash the American economy and it will roar.
If we suddenly added (not became) the petro production of Saudi Arabia, we wouldn't balance the 2019 budget
The entire 2023 Saudi GDP is $2.66T. If we added that (which takes into account more than just petro production, so it's a huge over-estimate) to our GDP, the increase tax revenue would be about $532B. That would leave a deficit of $452.4B from the 2019 deficit.
Posted on 7/20/24 at 8:38 pm to Taxing Authority
quote:
I think in 2023 and beyond cutting discretionary to $0 still won’t balance the budget.
That's why "he'll trim the fat" is silly. Just like bringing up what we've given Ukraine.
The number are too big for normal people to comprehend.
This post was edited on 7/20/24 at 8:39 pm
Posted on 7/20/24 at 9:00 pm to SlowFlowPro
I call you a libtard by looking at your long post history of posting.
I can't even imagine the turmoil and self loathing that swirls through your skull. Libtards by definition hate themselves and everyone else. It's a mental Illness. Get help.
I can't even imagine the turmoil and self loathing that swirls through your skull. Libtards by definition hate themselves and everyone else. It's a mental Illness. Get help.
Posted on 7/20/24 at 9:01 pm to tigahlovah
quote:
I call you a libtard by looking at your long post history of posting.
By promoting smaller government?
Posted on 7/20/24 at 9:49 pm to SlowFlowPro
Your dumbass voted for barak Osama, you voted for billary and Broadway joe. Whatever SINGLE conservative value you CLAIM to agree with doesn't mean shite with all the other garbage you spew all over the board.
If it's kept track of, I guarantee that you have a substantial lead in the down vote category.
People that love America and ARE NOT INSANE have been aboard the Trump train for years. He is arguably the greatest patriot in our history. It's inexplicable that even after last week there are still people with TDS. A lot are being cured of that now though.
If it's kept track of, I guarantee that you have a substantial lead in the down vote category.
People that love America and ARE NOT INSANE have been aboard the Trump train for years. He is arguably the greatest patriot in our history. It's inexplicable that even after last week there are still people with TDS. A lot are being cured of that now though.
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