President Donald Trump
I assume it's still acceptable to have a Trump thread in a Politics forum?
So this is an obvious lie - basically aimed at
Obviously Billionaires don't care about the working class. What Trump and Musk are doing is making sure our country stays solvent. This will benefit the working class.
By giving trillions in tax cuts to the rich? They could make the country solvent real quick via taxes on the wealthy, taxes on corporations, and thru the military budget. What we have now is a kleptocracy, getting close to a naked one.
Obviously Billionaires don't care about the working class. What Trump and Musk are doing is making sure our country stays solvent. This will benefit the working class.
Huh, it already seemed pretty solvent to me. If you mean reduce the government debt, I would wager a lot that it won't happen. If that were the goal they wouldn't be trying to reduce taxes.
What are the actual chances that Trump does run as a VP nominee next election for the president-elect to hand it over to him after inauguration for a 3rd term?
What are the actual chances that Trump does run as a VP nominee next election for the president-elect to hand it over to him after inauguration for a 3rd term?
Whatever it is, it has to be reduced a lot considering the fact that he might either not be alive by then, or else so obviously senile that even MAGAs wouldn't want him making decisions any more.
Whatever it is, it has to be reduced a lot considering the fact that he might either not be alive by then, or else so obviously senile that even MAGAs wouldn't want him making decisions any more.
He is still very sharp. You get the feeling that when it starts to go it's gonna happen fast. Biden was gone before he became President. That was pretty embarrassing.
He is still very sharp. You get the feeling that when it starts to go it's gonna happen fast. Biden was gone before he became President. That was pretty embarrassing.
Trump was never "very sharp" IMO, but he is definitely less coherent now than he was even 5 years ago. If you can't tell that, you must be blinded by bias.
I suppose you mean the level of the national debt? Do you really think the debt (even as a percentage of GDP) will be lower at the end of Trump's term than it was at the beginning? The only time that has happened in the last 50 years was under President Clinton. I think there's a minuscule chance of that happening.
I suppose you mean the level of the national debt? Do you really think the debt (even as a percentage of GDP) will be lower at the end of Trump's term than it was at the beginning? The only time that has happened in the last 50 years was under President Clinton. I think there's a minuscule chance of that happening.
No you are confusing balancing the budget and lowering debt/gdp ratios.
Balancing the budget is close to impossible, while lowering debt/gdp ratios is fairly easy, when you already have a lot of debt.
USA debt/gdp ratio (gross, not discounting anything owned by the gvmnt) is 124%.
That means that you keep it stable with a 5/4 ratio between the deficit and nominal gdp growth.
It means that if you have 5% deficit and nominal gdp grows 4% (which is a fairly low nominal growt rate, less than 1% real accounting for inflation + population growth) you stay there at 125%.
Now this Trump term could see debt/gdp grow yes, either because congress doesn't reduce any spending nor raises any new taxes, or because a recession happens before jan 2029.
But the idea that the 125% couldn't be very easily reduced (at least outside of recessions) is fallacious. It doesn't even take anything spectacular, just inflation a little over target can do it.
Debt/gdp was 125.7 Q4 2020 in the USA, and 115.8 Q1 2023 for example.
I didn't confuse the two - I know the difference, but what you say regarding the impact of inflation makes sense. When I posted though, I was looking at this page, with the graph showing the percentage (since 1968 or so) only going down during the presidency of Clinton. I didn't notice that it doesn't include the past 10 years though. Maybe because there wasn't a very significant amount of inflation between ~1982 to 2020.
https://en.wikipedia.org/wiki/History_of...
No you are confusing balancing the budget and lowering debt/gdp ratios.
Balancing the budget is close to impossible, while lowering debt/gdp ratios is fairly easy, when you already have a lot of debt.
USA debt/gdp ratio (gross, not discounting anything owned by the gvmnt) is 124%.
That means that you keep it stable with a 5/4 ratio between the deficit and nominal gdp growth.
It means that if you have 5% deficit and nominal gdp grows 4% (which is a fairly low nominal growt rate, less than 1% real acc
Nonsense.
Unless you believe 9% inflation was not a big deal in 2022 ….
To bring debt from 125% debt to gdp to a more manageable ration of about 80% debt to gdp you would need like 3-4 straight years of 10% inflation .
Good luck with that being easy .
Not mentioning the incredibly high interest rates environment it will create afterwards .
I guess people don’t remember early 1980s….
Trump currently holds the record of the 1st, 2nd and 5th fastest 10% sp500 drawdowns in history
that she has been colouring her hair blue and purple for decades and that's one of the reasons why that kind of hair style choice is linked to leftism, she is pretty famous.
you asked where the blue hair thing came to be linked with leftism and I answered
She is not famous, unless you consider every random member of the House famous. She is not radical, unless you consider random Democrats in the House to be radical. She just colors her hair.
Luciom just googled "blue hair Democrat". She's not famous. I think maybe I had seen her before, but still, after googling "blue haired Democrat" to verify she shows up, I couldn't tell you her last name.
Whatever it is, it has to be reduced a lot considering the fact that he might either not be alive by then, or else so obviously senile that even MAGAs wouldn't want him making decisions any more.
DOGE and DEI are Elon's things. USA is even looking at white South African "refugees". That's president musk. Trump wasn't even aware of the Yemen bombing. Not sure how many decisions he's making now... Even his one big move of tariffs is all about? Cars.... Except Teslas.
You would think Svengali would have the sense to keep a lower profile, but he's a ****ing moron too.
Luciom just googled "blue hair Democrat". She's not famous. I think maybe I had seen her before, but still, after googling "blue haired Democrat" to verify she shows up, I couldn't tell you her last name.
She was chair of the house appropriation committee when the "inflation reduction act" was passed , one of the most powerful democrats in the house at that time.
Maybe famous isn't the right word for the general population, but anyway i had her on my feed several time (usually because rightwing people attacked her). She was also targeted by Musk about purported fiscal waste more than once.
Thx, sometimes I'm like, how have I never heard of this.
Maybe she's famous in fringe sewers sites.
I mean you are the american, not me, but chairs of the most powerful commitees in the house and senate appear regularly in political news, because they determine a lot of the specific text of laws, which is actual real power. I usually get my coverage of american politics on Politico.
Gas up another 20 cents/gallon
Markets continue to get pummeled
Inflation not going down
Love that trump economy
