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Musk says he can cut 2 trillion from the budget

Biden Admin has made no such effort.

Grand Juries have indicted Trump, not Biden officials.
That's the funniest shit I've read in a long time. If you don't think the democrat machine is behind each and every indictment, you're really out of touch. Now that Trump has won, the feds are dropping all cases against Trump. Coincidence? I think not. they're fearful of Trump's retaliation.
 
It will create jobs in the U.S. as imports will not be as affordable. Made in the USA could be coming back. Understand?
Do you think we have the machinery and know how in the US to instantly bring back all of that manufacturing? Do you know how long it takes to open a factory and train workers? To set up efficient supply chains? Do you realize that companies will look to use robotics and automation to a huge degree?

I’m all for reshoring as much manufacturing as possible. But the tariffs aren’t going to get the job done. Consumers will pay the price at the checkout on day 1 and see job benefits in year 2-4. By then inflation will be out of control.
 
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.
The Ukranian war will end soon, Trump will see to that. He's a great negotiator.
 
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...
And intelligent people do not take absolute positions. And what I find amusing in this is that I am not a democrat. I am an independent who can and has supported lots of republicans over the years. Just not Trump and his cadre of sycophants.
 
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
The only way to get the benefit of a balanced budget and reduce money printing is to cut some VERY popular items…by a lot. This would be virtually impossible, but if you can’t raise taxes you would have to do something like this:
  • 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
That balances the budget. How long do you think the GOP stays in power if they do that? Even if you eliminated all non military discretionary spending (no government at all, no outlays to states at all) you would still need to find another $0.8 trillion.

Trump’s promises are empty.
Government over staffing will be a huge cut. Elon will assist in job cuts in government to become more efficient. What's the U.S. government's payroll currently? And not counting the military. Dem's love to dole out jobs to their cronies & keep everyone on the payroll. Not Elon, he'll cut cut cut government job waste.
 
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Good. It's a start. It's going to take decades to fix this mess. Thankfully the majority are starting to realize this is no way to run a country. We need to be willing to stay the course and not fall into the "they want to throw grandma off the cliff" trap.
Help those who truly need it.
GREATLY limit military spending to what we truly need to protect the homeland.
Stay out of foreign entanglements.
Eliminate inefficient and ineffective agencies and spending.
Balanced budget ammendment.
Thank you Neville
 
Government over staffing will be a huge cut. Elon will assist in job cuts in government to become more efficient. What's the U.S. government's payroll currently? And not counting the military. Dem's love to dole out jobs to their cronies & keep everyone on the payroll. Not Elon, he'll cut cut cut government job waste.
I don’t think you fully get it. Even if you cut every last cent of the government except for military and social security/medicare stuff you that is $0.9 trillion in cuts. That is literally firing 100% of the employees of our government not supporting those other programs.

$0.9 trillion vs an annual deficit is $1.7 trillion.

It is a start, a bit more than a drop in the bucket, but nowhere close to what we need. AND Trump plans to cut taxes and increase military spending. So the $1.7 trillion deficit will be much worse.
 
Do you think we have the machinery and know how in the US to instantly bring back all of that manufacturing? Do you know how long it takes to open a factory and train workers? To set up efficient supply chains? Do you realize that companies will look to use robotics and automation to a huge degree?

I’m all for reshoring as much manufacturing as possible. But the tariffs aren’t going to get the job done. Consumers will pay the price at the checkout on day 1 and see job benefits in year 2-4. By then inflation will be out of control.
I've spent my entire career in international supply chain and know very well the costs involved. You're correct about automation, which makes manufacturing cheaper & more efficient. A positive for the U.S. But are you aware of the costs of int'l shipping? The amount of inventory you need to carry due to the time to ship goods across the ponds? The number of warehouses necessary to store the goods? The inventory carrying costs? The port infrastructure & labor costs?

We would turn warehouse workers into manufacturing jobs, a more skilled workforce. Targeted tariffs will be a part of this movement. Or we continue on current path and depend on China, India, Vietnam, Mexico & possibly South America to produce all of our goods. Bring in illegals to work on our farms & at our restaurant's & all of our low level jobs that Americans don't want to do as democrats will just hand out "stimulus" payments for those who don't want to work. Let's just give everyone $1500 per month for living expenses. It's the Bernie Sanders / communist / Marxist way.
 
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Trump won, undisputable. Deal with it!



Thank You Very Much GIF by PBS News



Donald Trump Losers GIF by GIPHY News
 
I've spent my entire career in international supply chain and know very well the costs involved. You're correct about automation, which makes manufacturing cheaper & more efficient. A positive for the U.S. But are you aware of the costs of int'l shipping? The amount of inventory you need to carry due to the time to ship goods across the ponds? The number of warehouses necessary to store the goods? The inventory carrying costs? The port infrastructure & labor costs?

We would turn warehouse workers into manufacturing jobs, a more skilled workforce. Targeted tariffs will be a part of this movement. Or we continue on current path and depend on China, India, Vietnam, Mexico & possibly South America to produce all of our goods. Bring in illegals to work on our farms & at our restaurant's & all of our low level jobs that Americans don't want to do as democrats will just hand out "stimulus" payments for those who don't want to work. Let's just give everyone $1500 per month for living expenses. It's the Bernie Sanders / communist / Marxist way.
My last job was CEO of a company that manufactured technology products in China. I am well aware of all the costs of airfreight vs. ocean etc. I am 100% supportive of reshoring. I tried to reshore a factory two years ago. We couldn’t find the workforce and the costs were astronomical. Setup in the US would take far too long. The best we could do was get manufacturing for that line to Mexico - still a plus over China.

I want the US to have a sustainable manufacturing base. I see it as critical. But I know for a fact that tariffs won’t get that done. The consumer bears the pain for many months before they see the benefits.
 
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My last job was CEO of a company that manufactured technology products in China. I am well aware of all the costs of airfreight vs. ocean etc. I am 100% supportive of reshoring. I tried to reshore a factory two years ago. We couldn’t find the workforce and the costs were astronomical. Setup in the US would take far too long. The best we could do was get manufacturing for that line to Mexico - still a plus over China.

I want the US to have a sustainable manufacturing base. I see it as critical. But I know for a fact that tariffs won’t get that done. The consumer bears the pain for many months before they see the benefits.
I can deal with some pain ( infrastructure for instance, road, bridges repair, chips act causing some increase in costs,), as long as I eventually see the benefits and not just profits for top executives of corporations or worse exploitation by individual companies as a payback. Let’s see how things play out . Are things like Medicare, Medicaid , Social Security going to become an unnecessary expense, The VA maybe. I guess we’ll find out in the next 4 years
 
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Where does it come from? Using 2021 numbers (they were readily available), we have a budget of 7T

There is 1.6T in discretionary spending, should you consider things like VA benefits and the military "discretionary". About 855B of the discretionary budget is for those two items alone.

Then there is "mandatory" federal spending in the amount of 5.2T. There is about 172B again for the military and VA benefits. Social Security is 2.77T, and Medicare is 1.46T, for a total of 4.23T.

So if you add up 4.23T + 1T, there is 5.23T which is solely the military, VA benefits, social security, and medicare. So if the Trump administration cut every single budget item other than those items, which cannot be done, he would still come up 230B short.

I am not a government budgeting guru, so where does it come from?

Yeah, if he meant $2 Trillion a year, that doesn't make sense. If over time, that would be more logical.

Medicare/Medicaid is $1.4T with $464B in revenue for them. SS is what it is and not really in this conversation
Health Care would be a place, not sure there is much to fix that issue. Single payer should be considered, but, may be a long time

Net interest is $800B, that is not going anywhere but higher

Defense is $885B, probably could be some streamlining there

Non Mandatory Discretionary is $1T, which is probably a place to look. Might be some savings which is really where the discussion might be depending on what you believe is the role of the federal government
HUD
Education
Energy
Homeland Security
Ag
Commerce
HUD
Justice
Labor
Treasury

Other Mandatory $1.3T
This is for things like

Veterans Programs
Pension Protection
Nutritional Programs
Earned Income Credit
Unemployment
SSI
Family Support
 
It will create jobs in the U.S. as imports will not be as affordable. Made in the USA could be coming back. Understand?
Will it? How. Where will jobs come from automation? This is cheap products we are talking about, so you want minimum wage jobs, for an already pretty maxed out labor market (labor market is what they were attacking with the higher interest rates to lower inflation). To produce products that will still be 50% to 100% more for the population to produce. You really need to go back to 3rd and 4th grade math to understand these concepts. Trump says he is fighting inflation, this will increase inflation, period, end of story.
 
And intelligent people do not take absolute positions. And what I find amusing in this is that I am not a democrat. I am an independent who can and has supported lots of republicans over the years. Just not Trump and his cadre of sycophants.

If I were you, I wouldn't admit to being a D either.
 
1) The United States spends around $70 billion annually on foreign aid. Start cutting there. 1/2 is $35B.

2) The US spends far more than its proportional share on NATO. $967 Billion total.
Get the other nations to pay up their fair share and save the US $200B a year.

Those are 2 simple ways to cut out $235 Billion a year. 1/8 of the way there and we aren't even getting started yet...
 
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.
I agree on this. Neither party is serious about it because it is hard to sell cutting programs to the public. It is what needs to be done though.
 
1) The United States spends around $70 billion annually on foreign aid. Start cutting there. 1/2 is $35B.

2) The US spends far more than its proportional share on NATO. $967 Billion total.
Get the other nations to pay up their fair share and save the US $200B a year.

Those are 2 simple ways to cut out $235 Billion a year. 1/8 of the way there and we aren't even getting started yet...
I'm not sure why I'm continuing to argue with people who are either nincompoops, dishonest, or both.

We do not spend 200B per year on NATO, let alone 967B.

"Washington finances 15.8% of the military alliance’s yearly expenditure of around $3.5 billion."

 
1) The United States spends around $70 billion annually on foreign aid. Start cutting there. 1/2 is $35B.

2) The US spends far more than its proportional share on NATO. $967 Billion total.
Get the other nations to pay up their fair share and save the US $200B a year.

Those are 2 simple ways to cut out $235 Billion a year. 1/8 of the way there and we aren't even getting started yet...
Yep

I am pro military as I feel that is one the main and most important reasons to even have a federal government. With that said, we spend at about 10x the amount of the next closest nation.
 
Yep

I am pro military as I feel that is one the main and most important reasons to even have a federal government. With that said, we spend at about 10x the amount of the next closest nation.
If we want to be the center of the universe globally, we must maintain military superiority where we are always carrying the biggest stick.
 
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No, they are not.

Not remotely close.

I realize your liberal media is telling you otherwise, but the top 1% of taxpayers — those who earn $561,351 or morepaid 42.3% of the total tax revenue collected in 2020, according to the latest figures from the IRS. In fact, the top 1% of taxpayers paid more income taxes than the bottom 90% all together.
Sep 10, 2024
 
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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
The only way to get the benefit of a balanced budget and reduce money printing is to cut some VERY popular items…by a lot. This would be virtually impossible, but if you can’t raise taxes you would have to do something like this:
  • 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
That balances the budget. How long do you think the GOP stays in power if they do that? Even if you eliminated all non military discretionary spending (no government at all, no outlays to states at all) you would still need to find another $0.8 trillion.

Trump’s promises are empty.
Trump vowed to increase military spending, so you can throw out any defense cuts.
 
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1) The United States spends around $70 billion annually on foreign aid. Start cutting there. 1/2 is $35B.

2) The US spends far more than its proportional share on NATO. $967 Billion total.
Get the other nations to pay up their fair share and save the US $200B a year.

Those are 2 simple ways to cut out $235 Billion a year. 1/8 of the way there and we aren't even getting started yet...
Do you understand how NATO works? Their spending has no impact on our spending.
 
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Not that I'm against military spending, but Trump spends like crazy. I'd like to see the national debt at least stay level under him. It won't. He spends like a real housewife on vacation.
He’s a populist. All of his positions are based on what sounds good.

Elon will waste his time on a bunch of proposed cuts, and Trump will only do the easy ones. the budget deficit will go on at the current trend and some day we’ll all be boned, but he’ll be long gone.
 
I realize your liberal media is telling you otherwise, but the top 1% of taxpayers — those who earn $561,351 or morepaid 42.3% of the total tax revenue collected in 2020, according to the latest figures from the IRS. In fact, the top 1% of taxpayers paid more income taxes than the bottom 90% all together.
Sep 10, 2024

Top 1% of earners make >$560k

It's more like $750k.

They earn far more than the 90%, which is why they pay more; just not as large a percent because they can shield income that the middle class cannot.
 
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Top 1% of earners make >$560k

It's more like $750k.

They earn far more than the 90%, which is why they pay more; just not as large a percent because they can shield income that the middle class cannot.


You can debate the top 1% with the IRS.

And from my perspective, it’s “we”, not “they”.
 
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
The only way to get the benefit of a balanced budget and reduce money printing is to cut some VERY popular items…by a lot. This would be virtually impossible, but if you can’t raise taxes you would have to do something like this:
  • 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
That balances the budget. How long do you think the GOP stays in power if they do that? Even if you eliminated all non military discretionary spending (no government at all, no outlays to states at all) you would still need to find another $0.8 trillion.

Trump’s promises are empty.

I'm not under the impression that government spending is efficient.
Couple that with the fact that printing money to spend inefficiently makes us even worse of, cutting a lot of it will make us better off.

Government doesn't blink at spending like this (monthly rates, btw):

MgBchgE.png


Somebody else's money.
Who cares.
Job is to get it spent.
All of it.
Every year.
 
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