Delusional, fantasy land, "sell the sizzle".
What increased revenues? The CBO scores the big beautiful bill at increasing the deficit by 2.4 trillion dollars over the next decade. Do you really think tariffs are going to make up that difference? And besides, who pays for those tariffs. Are you so delusional that you think that other countries will eat those tariffs. Come on, a basic Economics course is available, for free, online, from numerous sources.
And those cost cuts, the vast majority of them are simply transferring responsibilities to the states. It is robbing Peter to pay Paul, and every single state in the Union has a regressive tax structure. Sure, some states will refuse to provide the funding, which is even worse. Then the weakest members of our society are going to shoulder the burden. What to see what is going to happen, in terms of real wages, just look at what happened in the first Trump administration.
You see that peak, that was right before Trump took office. I mean it is going to be like De Ja Vue all over again. Hell, look at the spreadsheet.
data.bls.gov
Increasing deficits, declining real wages, come on, fool me once, shame on you, fool me twice, shame on me. At this point, for the Trump supporter, it is shame on them. Fools.
GDP growth, Trump came into office the first time claiming he was going to get GDP growth to 4%, he never got to 3%, and COVID hammered him with a 2.21% decrease in GDP growth. A negative GDP growth has only happened six times in the last 60 plus years.
Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the...
www.macrotrends.net
Look for it to happen again, probably a couple of times during Trump's tenure.
The man is a con artist, and honestly, not that fucking good. The problem is idiots that support him, a right wing media that is absolutely comical to witness in its inaccuracies, misstatements, and utter fabrications. Trump completely fails the number one rule of business, as I have mentioned in other threads. The number one rule in business is to under promise and over deliver. You do that, success is automatic. Trump consistently over promises and under delivers, that is not going to change.
Let me give you an example of a good working economic proposal, the ACA. What you Trump idiots call "Obamacare". From an economic standpoint, the ACA did more to induce GDP growth than all of Trump's actions in his first term combined. Matter of fact, without the ACA, Trump's entire first administration would have saddled us with negative GDP growth EVERY YEAR.
There are many reasons that the ACA generated increased GDP growth, I will just provide one. The elimination of the doughnut hole in Medicare Advantage. And the funny thing, it didn't cost the government a damn thing. Millions of seniors faced exorbitant prescription prices in the doughnut hole. That money went straight to the drug manufacturers, and flowed to stockholders. Stock buybacks, dividends. But those same manufacturers financed the elimination of the doughnut hole. That was millions, probably billions of dollars that went from those drug manufactures to seniors on Medicare. They spent that money, on vacations, on home upgrades, on cars, and most importantly, on their grand kids. That drove the economy. What Trump is doing is the exact opposite. He is taking money from the salt of the earth and distributing to the robber barons, to people that are all about extracting wealth, not creating it. Rent seekers, and sorry to go over your head, but until you can understand the concept of rent seeking you are not qualified to even post a return.
