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Question for Trump folks

RonaldMexico

HB MVP
Aug 11, 2020
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What level of annual deficits do you expect under Trump?

What level of annual deficits would you be uncomfortable with?

And don’t bother with the Biden whataboutism. Deficits over the past 8 years have been terrible and unsustainable. Trump says he is going to fix it. What does that look like to you?
 
I know, I know. Bumping my own thread.

I genuinely want to know where the Trump supporters on the board stand on this. Forget the culture wars, this is an issue that actually affects the very existence of our country and Doge is supposed to fix this. Thoughts?
 
What level of annual deficits do you expect under Trump?

What level of annual deficits would you be uncomfortable with?

And don’t bother with the Biden whataboutism. Deficits over the past 8 years have been terrible and unsustainable. Trump says he is going to fix it. What does that look like to you?
First 2 years deficits are irrelevant, need to show STRONG progress toward neutral in Y3 and Y4.

Are we talking trade or budget? With trade, some deficit is ok, but I want to see balanced budget by Y4.
 
Id say follow the Bill Clinton plan………because it worked! That means higher taxes until you get things under control….and that is a deal killer for the very rich who have benefitted the most from the Junior and Trump tax cuts……”Trickle down” economics will never work for the betterment of most of us…….it is nothing but “wealth transference” from the middle and lower classes to the wealthy folks.
 
Since the last time we didn't have a deficit was 1935 and currently there are zero other countries that don't have a deficit...I'd say the odds are good that we will continue to have a deficit.
 
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What level of annual deficits do you expect under Trump?

Smaller than they'd be under Harris, but bigger than they'd be under Milei.

What level of annual deficits would you be uncomfortable with?

Any.
They simply enrich Wall Street (and K Street) at the expense of Main Street in the end.

And don’t bother with the Biden whataboutism. Deficits over the past 8 years have been terrible and unsustainable. Trump says he is going to fix it. What does that look like to you?

'Fixed' to me is getting the growth of government spending back under the growth rate of the economy that must support it until government spending is actually supported by taxation and not borrowing.
But the only hope of that is getting spending restraint in Congress, like we enjoyed in the late 90s. I don't see it.
 
Why are they irrelevant?
Because Trump's stated goals are not conducive to immediate returns but building strength for the future. It's a mid to long term play, which is why he's trying to move so fast. He knows he has to have it going the right direction by midterms or else it's not happening.

Tariffs, deportations and deep cuts in Government spending all "hurt" the economy at the outset, but at the same time it doesn't mean they aren't useful for the long term goal of prosperity.
 
Because Trump's stated goals are not conducive to immediate returns but building strength for the future. It's a mid to long term play, which is why he's trying to move so fast. He knows he has to have it going the right direction by midterms or else it's not happening.

Tariffs, deportations and deep cuts in Government spending all "hurt" the economy at the outset, but at the same time it doesn't mean they aren't useful for the long term goal of prosperity.
:rolleyes:
 
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What level of annual deficits do you expect under Trump?

What level of annual deficits would you be uncomfortable with?

And don’t bother with the Biden whataboutism. Deficits over the past 8 years have been terrible and unsustainable. Trump says he is going to fix it. What does that look like to you?
I expect $2T deficit per year. I'm fine with $0 deficit per year.
 
So they have 4 weeks to build new factories!
He thinks the Canadians and Mexicans are going to cave in four weeks. Maybe the plan is to delay some things as long as possible and hope our trading partners can’t holdout. Or get some small concessions like last time and declare victory.
 
What level of annual deficits do you expect under Trump?

What level of annual deficits would you be uncomfortable with?

And don’t bother with the Biden whataboutism. Deficits over the past 8 years have been terrible and unsustainable. Trump says he is going to fix it. What does that look like to you?
It's cute that you think they have any clue what any of that means. They believe what talking heads on Newsmax and Fox tell them.
 
Because Trump's stated goals are not conducive to immediate returns but building strength for the future. It's a mid to long term play, which is why he's trying to move so fast. He knows he has to have it going the right direction by midterms or else it's not happening.

Tariffs, deportations and deep cuts in Government spending all "hurt" the economy at the outset, but at the same time it doesn't mean they aren't useful for the long term goal of prosperity.
Over It Eye Roll GIF
 
Id say follow the Bill Clinton plan………because it worked! That means higher taxes until you get things under control….and that is a deal killer for the very rich who have benefitted the most from the Junior and Trump tax cuts……”Trickle down” economics will never work for the betterment of most of us…….it is nothing but “wealth transference” from the middle and lower classes to the wealthy folks.
I will agree that we thrived under Clinton......if that means raising takes on the weathiest American's I can back that. Now, Did Biden and the Dems propose doing this in the last 4 years?
 
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I will agree that we thrived under Clinton......if that means raising takes on the weathiest American's I can back that. Now, Did Biden and the Dems propose doing this in the last 4 years?
It’s been shown over and over and over that trickle down economics doesn’t work. And that lowering taxes on the poor and raising them on the rich does.

The problem? Rich people don’t like that; and rich people are powerful.
 
Id say follow the Bill Clinton plan………because it worked! That means higher taxes until you get things under control….and that is a deal killer for the very rich who have benefitted the most from the Junior and Trump tax cuts……”Trickle down” economics will never work for the betterment of most of us…….it is nothing but “wealth transference” from the middle and lower classes to the wealthy folks.

I always enjoy how Ds forget who was in Congress at that time and ignore that the entire thing was fueled by a twice a century leap in technology that when it burst, gave us the recession of 2002. But go Clinton.
 
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Because Trump's stated goals are not conducive to immediate returns but building strength for the future. It's a mid to long term play, which is why he's trying to move so fast. He knows he has to have it going the right direction by midterms or else it's not happening.

Tariffs, deportations and deep cuts in Government spending all "hurt" the economy at the outset, but at the same time it doesn't mean they aren't useful for the long term goal of prosperity.
Tax cutting and still spending way more than we take in never leads to prosperity. We’re just going to go broke quicker. It’s a consummation economy. The people getting those tax cuts aren’t going to hire or increase wages. When the demand isn’t there.
 
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First 2 years deficits are irrelevant, need to show STRONG progress toward neutral in Y3 and Y4.

Are we talking trade or budget? With trade, some deficit is ok, but I want to see balanced budget by Y4.
Wait... What?? This year's deficit is solely on Biden. Next year's deficit needs to be significantly lower if they're really serious about dropping it to balanced by Y4.
 
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Wait... What?? This year's deficit is solely on Biden. Next year's deficit needs to be significantly lower if they're really serious about dropping it to balanced by Y4.
There are some economic conditions Trump is dealing with that are going to make it difficult. It's fiscally responsible to cut waste, cut people, and fix the border, but none of those things are immediately good for the GDP. Therefore a recession is likely, and while the conditions Trump finds the economy in are certainly a result of Biden, the specific actions trump is taking will have a short term negative impact on GDP, so it's not fair to simply say "this year is on Biden."

I expect that by 1 year from now we'll find ourselves in a MUCH stronger position than we were on October 31, but it's fair to expect some downturn this year.
 
I always enjoy how Ds forget who was in Congress at that time and ignore that the entire thing was fueled by a twice a century leap in technology that when it burst, gave us the recession of 2002. But go Clinton.
Just admit, Clinton was snart enough to make a deal and then to get out of the way!

That was the genius of Bill Clinton. He was a politician with an ego…but he knew how to use it to his advantage. America loved Bill! Newt and the Republicans couldn’t compete.
 
So it didn’t answer your question? Huh…coulda sworn it directly addressed your query. Maybe you’re just dumb.
So, when I say "it did more than that." You took that az me claiming it did not answer my question? I simply added to your point. I guess your just stupid. LOL!
 
So, when I say "it did more than that." You took that az me claiming it did not answer my question? I simply added to your point. I guess your just stupid. LOL!
I’m not sure why adding your irrelevancy was necessary but I’ll concede the point. Would you like to comment on the point of your question or has that thought process been derailed?
 
Just admit, Clinton was snart enough to make a deal and then to get out of the way!

That was the genius of Bill Clinton. He was a politician with an ego…but he knew how to use it to his advantage. America loved Bill! Newt and the Republicans couldn’t compete.
You never disappoint.
 
There are some economic conditions Trump is dealing with that are going to make it difficult. It's fiscally responsible to cut waste, cut people, and fix the border, but none of those things are immediately good for the GDP. Therefore a recession is likely, and while the conditions Trump finds the economy in are certainly a result of Biden, the specific actions trump is taking will have a short term negative impact on GDP, so it's not fair to simply say "this year is on Biden."

I expect that by 1 year from now we'll find ourselves in a MUCH stronger position than we were on October 31, but it's fair to expect some downturn this year.
So do you blame inflation from 2021 and 2022 on Trump?
 
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Because Trump's stated goals are not conducive to immediate returns but building strength for the future. It's a mid to long term play, which is why he's trying to move so fast. He knows he has to have it going the right direction by midterms or else it's not happening.

Tariffs, deportations and deep cuts in Government spending all "hurt" the economy at the outset, but at the same time it doesn't mean they aren't useful for the long term goal of prosperity.
This is why it might be wise for those who dislike Trump to hold off on spiking the football in regards to the stock market, housing market, etc. Four years is enough time for a correction and a rebound.

And before anyone asks, no, that is not a prediction.
 
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So do you blame inflation from 2021 and 2022 on Trump?
As much on him as Biden, absolutely… Trump kept $$ too cheap during his term…and was bad with the free money distribution.. it should have been targeted better…Trump destroyed too many safety nets during his first term in order to make his tax cut for the rich more palatable… and many of these “safety nets” would have been a factor in stabilizing the economy during COVID…Trump failed to protect the supply chains adequately and their 6-9 month demise is the reason for much of the immediate post-COVID inflationary pressures and material shortages.
 
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