Musk says he can cut 2 trillion from the budget
- Thread starter Tenacious E
- Start date
Yep force citizens to pay twice what they were for the same product . . . Do you really listen to what you are saying?
Should we align our trade policies to enrich the authoritarians who control China?
Is that actually in our best interest?
What was Trumps primary issue he won on, the economy and inflation, and your first order of business is creating more inflation in the system.
Should we align our trade policies to enrich the authoritarians who control China?What was Trumps primary issue he won on, the economy and inflation, and your first order of business is creating more inflation in the system.
Is that actually in our best interest?
“Inflation is always and everywhere a monetary phenomenon, in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.”
I’m not saying we should be friendly with China however the result will be a major FU to everyone who just voted for you, Yes it worked for Trump with Steel, it won’t be as effective with cheap goods. It would show the intelligence level of you Trump and those who voted for him.
I have a hard time deciding which decision by GHWB was worse:
Not seeking to isolate the Chicoms (instead of enriching them) with the Berlin Wall falling on the heels of the Tiananmen Square Massacre
or
Sticking Uncle Sam's dick into the hornet's nest of the Middle East and embarking us on decades of war to no advantage (unless we count enriching the MIC).
That’s not the discussion, Trump literally just said inflation would be better with him and he will immediately mess with inflation. You have two policy fronts that are diametrically opposed. Control inflation or go to protectionism and jack up tariffs on everything. Again it shows the intelligence levels and critical thinking skills of most of his voters.
Taxes don't cause inflation.
Taxes don't increase the money supply.
In our fiat monetary system federal debt serves as the basis for credit (and thereby monetary pool) expansion.
Powell has been running down the Fed's balance sheet peaked in April '22, which turned off the turbo that was running on inflation.
If Trump can actually slash spending you'll see the value of the dollar surge, and make imports cheaper.
I'm waiting to see if there are any signs of the bogeyman: Deflation.
After 1/6, there were many GOP representatives who would not comment publicly, but were afraid to stand up to Trump and the GOP followers due to fear of their own lives and families.
You think any of those folks will stand up for the Constitution and Rule of Law now? They've misled their core for so many years with utter nonsense, they are to the point they cannot backtrack. Very likely what happened in 1930s Germany. "Things got out of hand"
There are something like 40M people who rely on the ACA for health insurance access and many have pre-existing conditions. The "plan" that Vance and Project 2025 have pushed is to dump those people off insurance entirely, for "lower premiums" for others.
The folks who voted for this in flyover country will bear the brunt of the results. The uber-rich and American oligarchs will get even more money, and have access to even more propaganda platforms to keep doing it. Hunger Games is gonna look like a documentary...
He's actually not doing much of an active role in anything but Twitter these days.
Upper mgmt in those companies has been quoted as saying "keeping him out of the way" is paramount to their success.
They aren't "overspending"
They are having to make up for less federal grant $$ and investments.
When I was young, local tax rates on purchases were in the 1%-3% range.
Today, those are 8%-10%, because localities are having to find ways to fund that gap.
Federal investments in communities have not kept up with population growth. Those new local taxes are taxes on the middle class and poor, which have replaced the taxes we used to put on the rich and Wall St.
Biden Admin has made no such effort.
Grand Juries have indicted Trump, not Biden officials.
No; it does not. The level of propaganda and hate speech is at all time highs.
He got rid of the people who limited that, and prevented bots/trolls.
I'm not following you. If your municipality is spending twice as much as the municipality next door, your taxpayers should be paying. Not the people that live elsewhere in the country.
And if you can't afford your local taxes, they are either overspending, or you simply can't afford to live in your neighborhood.
That doesn't matter to morons, and by using morons, I'm being nice.
Kangaroo courts have indicted Trump. The U.S. Supreme Court said no to kangaroo courts.
Jfc dumbass, that money was stolen years ago to pay for countless other programs. I sure as hell hope it's there when I want it too but it won't be the Rs stealing it if it's not. Decades of reckless and unethical spending got us here and both Ds and Rs are to blame. Career pols certainly aren't going to fix it.
Just sit back and watch what happens if the flow of oil from the ME is disrupted by a local/regional war there.
That is the ONLY reason we are over there, and Biden/Dems trying to shift our global energy to renewables, so that we no longer need to rely on that energy is the long-term solution. If anything, Trump is going to amplify this and use the military to prop up more dictatorships that give him $$ and properties. He literally did this w/ a bullshit raid that killed some servicemen early in his tenure; nothing was gathered from the raid - it was a propaganda move, and that's what our military is going to be to him now. Just like the meat-grinder Putin is throwing his citizens into.
Trump does not give a shit about them, and some of them are going to pay the price for that now. Democracies do not start world wars: totalitarians and authoritarians who are fighting for power do.
SS is not solvent in the current form regardless of who is in charge. The only way to save it is to make some drastic changes.
All localities are paying more. Most states have higher sales taxes than they did 40 and 50 yrs ago; because they do not get the federal $$ they used to for roads, education, etc.
Thanks for confirming that you don't know crap about the U.S. energy policy.
Democrats have put forth several proposals to help delay the issue. GOP has done zero.
Expect them to continue that for another 4 yrs; when we hit a crisis on it, it gets ugly.
The sooner action is taken, the easier it is to address. Dems have tried for over a decade to make small positive changes. Point me to one that the GOP has championed.
So you want to borrow from China, so that your municipality can fix their roads?
If your municipality is spending local money, they will be far less likely to waste it.
The R's have had various plans over time. Other than proposing to raise taxes, the D's have just kicked the can.
Here is the rub. The dems propose things with no cuts and just raising taxes. I'm not for that. Start the cutting!
No
I want to see tax rates on the wealthy and cap gains back to Reagan levels (or before) when we had balanced budgets.
Leave cap gains low for retirement funds and net worth less than $5-10M. Let the rich pay their share. Warren Buffet explained to you how he pays a lower effective rate than his secretary. Fix that, and you address quite a bit of our deficit issues.
hawkeyetraveler
HB Heisman
Where is he going to find it? In FY23 (the last year for which we have complete and accurate data) we spent $6.1 trillion while taking in revenue of ~$4.4 trillion. That is a one year deficit of $1.7 trillion. So just to get balanced we would need to cut that amount. I love the idea of cuts, I’m a fiscal conservative. But Trump’s a populist who is going to cut tax revenue, not increase it. He also says he will increase military spending.
Where do you find $1.7T out of this mix?
- Medicare/Medicaid: $1.6T
- Social security: $1.3T
- Other mandatory spend (veterans, pensions, child nutrition, child tax credits, etc): $0.8T
- Defense: $0.8T
- Interest on our debt: $0.7T
- All other discretionary spending: $0.9T
- Cut social security benefits right now by 1/3: $0.5T
- Reduce Medicare/medicaid benefits by 1/3: $0.4T
- Reduce defense spending by 1/3: $0.3T
- Reduce all other discretionary spending by 1/2: $0.5T
Trump’s promises are empty.
Of course they have,.. That's when Dems bring out the TV commercials showing grandma getting wheeled over a cliff.
One thing is sure, he'll be so busy, he won't have time to golf.
You thought we already spent a trillion dollars when that was the projected spend over 10 years, so...
So you don't want to pay your fair share. Instead, you want to increase the taxes of someone who live half-way across the country.
What kind if financial discipline will your local government have in they aren't spending local dollars?
I'm not the one who pretended that we spend $44 billion for green energy and $14 Billion on Ukraine. Again, the D's are spending $1 trillion on the Infrastructure Reduction Act (which increased inflation and cost the D's the election) and $200 billion on Ukraine. And these two figures only scratch the surface.
A good way to tell when D's are pissing away money is when they call it an "investment". D's don't invest...
It will create jobs in the U.S. as imports will not be as affordable. Made in the USA could be coming back. Understand?
