YoursTruly
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- Dec 21, 2019
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- #241
We are both fiscal hawks, but democrats are much worse than Republicans.
I assume you are using the CBO budget projections. I can improve the Trump budget deficit based on conservative CBO assumptions,
1. Tariff revenue should be about $400b if the Supreme Court doesn't **** it up
2. As the Fed cuts interest rates we save $300b for every 1% cut in rates. The Fed needs a major house cleaning...
3. DOGE savings could be $214b if congress cooperates
4. GDP should grow more than the 1.8%, at 3% tax revenues increase
5. IMHO Trump needs to eliminate the Capital Gains tax break, and raise the top rate to 40%, where it was under Reagan.
View attachment 1185515![]()
US Federal Budget 2025: Spending, Revenue, and the $1.8 Trillion Deficit
Explore the US federal budget 2025 with a breakdown of $7 trillion in spending, $5.16 trillion in revenue, and a $1.87 trillion deficit.economicsinsider.com
1. If the RINO's would focus on increasing the value of the USD, instead of overinflating it with all their spending, we could put tariffs at zero. Because companies would could come back to the US and create jobs, without the government subsidizing them so much. FFS, $5 hr in China and Mexico is a great wage. $15hr here is a poverty wage. Why? Because our government has overinflated our currency. Where as Mexico, China and others have maintained their currency value.
This tariff BS is just a "subject change" to keep people from even thinking about the currency value. By the time Trump is done with this term, $25hr will be a poverty wage. And we'll continue to lose industry that doesn't get subsidized by the government. (IE the government picking winners and losers)
2. The fed cutting interest rates is a double edge sword. Less interest, the fewer countries buy our debt. Our biggest problem with the Fed is RINO's and democrats using is so much, for every thing under the sun.
3. Yeah well DOGE is under direct orders from Trump. Who'll be able to keep spending on what he wants, without DOGE calling him out on it. They'll focus on things the democrats did wrong. But totally ignore any fraud and abuse from the Trump administration. DOGE should investigate every dollar. Not jus the democrats dollars.
4 & 5. That's just tinkering and not addressing the actual problem. The government needs to stay TF out of the economy. It's not theirs to regulate. "We the People" do a much better job. The government never improves it. It's always "We the People" who have to suffer through the economic bust cycles that the government creates. We wad through it, keep the stores open and help protect the jobs. And when we finally get through all that (recession and economic downturns) some president gets all the credit for something he had almost nothing to do with.
Then he spends trillions more (borrowed), and initiate's the next economic down turn with the inflation he created from all that spending.