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Replies: 30
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Orange Blooded [4176]
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Legend [17528]
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What is yours or DJTs solution?***
May 14, 2024, 8:49 AM
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Orange Blooded [4176]
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Cant speak for anyone other than myself
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May 14, 2024, 9:00 AM
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But, I’d slash government spending (domestic first and some defense)
And I would remove barriers to energy exploration
And I would NOT cut taxes.
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All-In [34916]
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I'd cut taxes for the middle class. Revenue ain't our problem***
May 14, 2024, 9:06 AM
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Legend [17528]
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Orange Blooded [4036]
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Re: Cant speak for anyone other than myself
May 14, 2024, 9:11 AM
[ in reply to Cant speak for anyone other than myself ] |
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List for us your spending cuts that would balance the budget. You need about 2T plus interest.
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Orange Blooded [4176]
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Re: Cant speak for anyone other than myself
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May 14, 2024, 5:09 PM
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Scrap
Health and Human services - $2.8T
OPM - $343B
HUD - $259B
Dept of Education- $111B
Dept of Labor and NLRB - $40B
USAid, DFC, MCC & Peace Corps - $40B
National endowment for arts - $0.2B
Sub Total= $3.6T
Cut
DOD -5% $100B
EPA -25% $20B
USDA -5% $20B
Sub Total - $140B
Grand Total -$3.7B
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Orange Blooded [4036]
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Re: Cant speak for anyone other than myself
May 14, 2024, 7:20 PM
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You're going to eliminate Medicare, Medicaid, FDA and Center for disease control??
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All-In [42678]
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So then...
May 14, 2024, 9:21 AM
[ in reply to Cant speak for anyone other than myself ] |
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How do you feel about Trump's plan to increase tariffs, which will result in more inflation, and giving deficit-funded tax breaks to corporations? And one of his team's potential plans to devalue the U.S. dollar?
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All-In [25184]
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"Plan to devalue the U.S. dollar"...? He's kinda late to the game, eh?***
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May 14, 2024, 10:32 AM
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Orange Blooded [4176]
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Re: So then...
May 14, 2024, 11:41 AM
[ in reply to So then... ] |
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I am not a fan of giving deficit funded tax breaks to large corporations that ship all their operations overseas.
I think there should be tax cuts after achieving a balanced budget.
But, I think that Biden’s plan of raising taxes to pay for a criminally negligent increase in spending while still running a record deficit is the 100% worst thing for our economy in both the short term and long term. And I hope he loses the election to a guy like Trump because of it to teach any ####### that ever tries that crap again a lesson.
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All-In [42678]
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So you're good with the 10 percent across the board tariffs?***
May 14, 2024, 11:59 AM
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Orange Blooded [4176]
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Re: So you're good with the 10 percent across the board tariffs?***
May 14, 2024, 1:04 PM
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Yes, I am in favor of 10% tarriffs against China
I acknowledge that it will probably result in short term inflation.
But I believe that they are intentionally manipulating thier currency and strategically targeting large swaths of private industrial enterprise out of business in the United States.
If no one has jobs, and the and if we can’t make anything ourselves, it doesn’t matter what the price of goods are. We will be China’s #####
But this is why we should be running balanced budgets and employing fiscal restraint so that we are able to levy tariffs like this from a position of strength.
Both party’s reckless regard for spending has put us into a poor strategic position. But just because we aren’t in the best spot to levy tarriffs, doesn’t mean they are a bad idea.
I am not in favor or 10% tarriffs across the board though.
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All-In [32060]
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But being at essentially full-employment is causing...
May 14, 2024, 1:22 PM
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wages to increase, which puts the most pressure on prices/inflation in many segments.
10% tariffs on chinese imports will do very little to spur domestic production because prices out of China typically have more than a 10% spread. And if it DOES spur domestic production...where are those workers coming from? Want to talk about REAL inflation...let that happen!
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Hall of Famer [20618]
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Re: So you're good with the 10 percent across the board tariffs?***
May 14, 2024, 1:30 PM
[ in reply to Re: So you're good with the 10 percent across the board tariffs?*** ] |
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China's in free-fall collapse at the moment and are frantically trying to hide it, but it shows more with each passing month. Foreign investment has almost completely dried up and manufacturers are pulling out across China as the cost of their labor has skyrocketed. A huge chunk of their "miracle" GDP growth - if you trust their numbers, which you apparently shouldn't, their GDP may be as low as 40% what they claim - was based on housing and they've overbuilt to the tune of 300%...and investment in housing is apparently the one real investment opportunity Chinese citizens had. When that collapses - and Evergrande is gone and Country Garden is teetering (and these are two of the top four property developers in China) - along with it goes something like 80% of their citizens' net worth.
Oh, and they're poised for the biggest demographic collapse in the history of the world. They're getting old at a terrifying rate and the birth rate among Gen Z has dropped to something like 0.5, or less than a quarter of replenishment level.
All this is happening as the entire developed world is increasingly refusing to trade with them. And they aren't making friends in the developing world either with their Belt & Road Initiative.
A pretty good synopsis:
https://www.youtube.com/watch?v=CuT9dtbYX38
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All-In [42678]
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That's not just China
May 14, 2024, 1:51 PM
[ in reply to Re: So you're good with the 10 percent across the board tariffs?*** ] |
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He wants it on EVERYTHING. It will start a trade war and likely hyper inflation.
So I'm curious why you'd support Trump when all his proposed economic policies point toward increased inflation.
Also, Trump's proposing deporting a huge section of our labor market. You may be fine with that, but it'll result in a decrease in production to meet demand.
And he'll increase spending with these policies as he did in his first admin.
So you may like him better than Biden, but he's not fiscally responsible and his policies will be devastating for the American economy. And they're fueled by the desire for control.
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Orange Blooded [4176]
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Re: That's not just China
May 14, 2024, 4:31 PM
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I certainly don’t agree with everything Trump believes or does.
I believe we actually need to hit China with 25% tarriffs. But if the choice is 10% across the board or 0%, then I choose 10% across the board.
I believe that tariffs against China will result in long term gains in wealth for the United States.
I understand the short term benefit to be gained in letting China subsidize their industry so we can buy crap from Walmart and Amazon we don’t really need. But I also see the long term peril in surrendering the production base of basic materials to a nation with a billion+ citizens that seeks to supplant the US by establishing economic and military dominance.
I would also argue that a 10% tariff on China is not going to adversely affect energy and food prices which is what really matters.
As someone else pointed out, China is also on weakened footing and if we follow through now, we have the opportunity to solidify and protect our position as economic and military superpower.
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All-In [42678]
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So, in summary
May 14, 2024, 5:25 PM
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You're criticizing a president for inflation but you want to bring in another president who will make inflation even worse.
And you're okay with that. Just as long as he hast he R by his name.
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Orange Blooded [4036]
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Re: So, in summary
May 14, 2024, 7:25 PM
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His hypocrisy is amazing.
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Orange Blooded [3609]
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110%er [6800]
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Re: What is yours or DJTs solution?***
May 14, 2024, 10:19 AM
[ in reply to What is yours or DJTs solution?*** ] |
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Cant speak for Trump, but I would raise interest rates another 1/4 point.
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All-In [42678]
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Do you think a president should have the sole power to do this?***
May 14, 2024, 10:31 AM
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All-In [32060]
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More importantly...does he think POTUS has that power now?!?***
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May 14, 2024, 1:23 PM
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Orange Blooded [4176]
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Re: Do you think a president should have the sole power to do this?***
May 14, 2024, 4:37 PM
[ in reply to Do you think a president should have the sole power to do this?*** ] |
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I don’t think that’s a good idea
And I don’t think this idea to give the president “input” is well conceived
I’d rather see our Fed Board of Governors greatly incentivized to achieve 1.5-2.5% inflation and <5% unemployment.
These guys should have millions on the line for long term results here.
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110%er [6800]
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All-In [42678]
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That's what Trump and his team are proposing to do
May 15, 2024, 8:14 PM
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They want to reduce the independence of the Fed and give the president more authority over it.
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All-In [26707]
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Orange Blooded [3609]
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Re: And another inflation report coming in hot
May 14, 2024, 4:46 PM
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You do realize the inflation would be similar under Trump?
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All-In [25184]
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No, I realize it was much, much less under T-Rump. Facts are facts.***
May 15, 2024, 12:19 AM
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Starter [363]
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Still miles better than it would be under Trumps plan
May 14, 2024, 8:03 PM
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of a 10% tariff on all imports.
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Orange Blooded [2202]
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Replies: 30
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