Deficit Higher Than This Time Last Year

[Cassandro]

I think Trump will try to balance the budget for one year with tariffs and gold revaluation, then issue new gold-backed currency and securities. It will be a risky maneuver, but what are the alternatives?

 

[candycorn]

I am not sure how congress can continue to live with these deficits. It's gone completely stupid.

Biden's deficits were terrible.

Trump is ahead of Biden by about 300 billion (is that all ?????) in 2025 compared to 2024.

With the other unfunded liabilities, this country has some serious questions to answer.

Martial law is quite costly.

 

[candycorn]

I think Trump will try to balance the budget for one year with tariffs and gold revaluation, then issue new gold-backed currency and securities. It will be a risky maneuver, but what are the alternatives?

Make the rich pay their fair share.
Close loopholes.
Treat all income as income be it dividends, gifts, loans, etc...

 

[Cassandro]

Make the rich pay their fair share.
Close loopholes.
Treat all income as income be it dividends, gifts, loans, etc...

...and how will that balance the budget?

 

[JWBooth]

I think Trump will try to balance the budget for one year with tariffs and gold revaluation, then issue new gold-backed currency and securities. It will be a risky maneuver, but what are the alternatives?

Really? He has been hounding the Fed chair to devalue currency by lowering interest rates.

 

[candycorn]

...and how will that balance the budget?

More money coming in to pay god things in the budget.

 

[Cassandro]

Really? He has been hounding the Fed chair to devalue currency by lowering interest rates.

That is why he will issue new gold-backed currency.