Trump Is Attempting To Achieve Largest Federal Deficit EVAH!

[g5000]

Ah, you are here to spew your bullshit.
Yes, Trump is rebuilding the navy and you don't like it

I'm retired military, idiot.

 

[LordBrownTrout]

Trump has the most beautiful deficit ever..........that noted, the alternative choices are slim where the deficits are concerned.

I give the few Republican hold outs props for holding on to their principles (unless and until they do not).

We'll see if they do. BTW, Trump is already proposing raising taxes on the top brackets. Just like your typical lib.

 

[kyzr]

Read the OP articles.

You showed me propaganda that in no way shows $600 billion is coming back.

The articles say those slush funds will be clawed-back.

That is a Trump pipe dream. The Fed is not going to lower interest rates when Trump is doing all he can to drive up inflation.

We'll see. Trump has until the mid-terms to fix the mess, if not his legacy is done.

Trump demanded the Fed lower interest rates during his first term. Its a good thing they didn't listen to the self-proclaimed "King of Debt" because that would have made the subsequent inflation even worse.You know why Trump wants lower interest rates? Because he is about to set a record deficit (borrowing).

LIAR. Biden has the record for budget deficit, and adding to the Debt.

Biden’s 2025 Budget is $7.30T with a $1.8T deficit______TOTAL BIDEN $8.3T (actual per clock)
Biden’s 2024 Budget was $7.30T with a $2.0T deficit
Biden's 2023 Budget was $6.13T with a $1.7T deficit
Biden's 2022 Budget was $6.27T with a $1.4T deficit
Trump's 2021 Budget was $6.82T with a $2.8T deficit___ TOTAL TRUMP $7.6T
Trump's 2020 Budget was $6.55T with a $3.1T deficit
Trump's 2019 Budget was $4.40T with a $0.9T deficit
Trump's 2018 Budget was $4.10T with a $0.8T deficit

$600b is not even close. And you ASSUME those tariffs will stand.

We don't know yet, but what we do know is that the unfair tariffs on US products will end and better trade agreements will be signed. Then US products should do better.

Trump plans on raising taxes on the rich. I've posted that here before.
However, there are so many loopholes and carve-outs for the rich in the tax code, it won't make a bit of difference.
The wealthy have paid good money to both parties to create and maintain those tax expenditures.
Oh, yeah. Trump and the Republicans have already baked in a $5 trillion increase in the debt ceiling. Wakey wakey!

$5T is about 1.25T a year, still better than Biden's $2T a year deficit, for no reason, except to spike inflation to 9%.
If Trump raises the top tax rate to 40% to pay for the tax cuts for tips, OT, and SS, that is a WIN.

 

[g5000]

We'll see if they do. BTW, Trump is already proposing raising taxes on the top brackets. Just like your typical lib.

I posted that weeks ago on this forum.

But as I said a few posts ago in this thread, there are so many exemptions, loopholes, and carve-outs for the wealthy in the tax code, a couple percentage points increase in the tax rate won't make any difference.

Keeping Trump's tax cuts in place will increase the deficit far, far, far, far more than any revenues brought in by an increase on the wealthy who have very good lawyers to help them offshore their wealth.

 

[kyzr]

Musk is out by the end of May.

True, but the Whiz Kids will still be there cutting "waste, fraud, and theft" under the department heads.

Trump's Treasury Secretary is so fed up with Trump's lunacy, he may be about to walk.
I don't understand why people on the inside are so shocked to discover Trump is a moron. This is something they should have already known.

Linkey linkey? About Bessent quitting.
As for Treasury Secretaries, Janet Yellen was a disaster. When rates were zero she borrowed short term instead of going for the max term, dumbass.

 

[pknopp]

]

It always amazes me Trump cultists actually bleev the GOP is more fiscally responsible than the Dems.

It is firmly embedded in your deluded bleef system!

Neither party is responsible so I am as amazed that people still support either party.

 

[pknopp]

We'll see if they do. BTW, Trump is already proposing raising taxes on the top brackets. Just like your typical lib.

I'm good with that. Funny if he actually carries out an empty Democrat campaign promise.

 

[g5000]

True, but the Whiz Kids will still be there cutting "waste, fraud, and theft" under the department heads.

You are far too credulous.

They are doing nothing but damage. They know and understand absolutely nothing about the agencies they are destroying.

As for Treasury Secretaries, Janet Yellen was a disaster. When rates were zero she borrowed short term instead of going for the max term, dumbass.

Um...hello?

When interest rates go up, the interest rates on existing debt go up.

That makes Yellen smart and YOU the dumbass.

 

[elektra]

I'm retired military, idiot.

Yes, you are a retired military idiot

 

[g5000]

Yes, you are a retired military idiot

You made an ass of yourself ASSUMING I was against increasing the Navy.

 

[g5000]

Neither party is responsible so I am as amazed that people still support either party.

That's the genius of the gaslighting.

If you have been gaslighted into bleeving your party is fiscally responsible, then you will back that party to the end of days.

 

[excalibur]

You type stuff without proving anything.
The stock market dipped because of concerns for new tariffs and a possible trade war with China.
Chuckie Schumer was whining about China since 2005.
But no one had the guts to fix the mess except Trump.
DOGE is fixing the Federal finances that never pass an audit.
Trump is fixing the unfair tariffs.
Democrats whine about a MS-13 criminal.
No one wants democrats back on power.

The S&P 500 dropped nearly 20% in 2022, guys likes MarcATL were nowhere to be seen. Who was in the White House in 2022? Oh, right.

Dems demanded tariffs on China when the trade deficit was less than $100 billion. Since then, they've been bought off by the CCP.

 

[pknopp]

That's the genius of the gaslighting.

If you have been gaslighted into bleeving your party is fiscally responsible, then you will back that party to the end of days.

People know they are not responsible but still will argue and defend the irresponsible actions all day.

 

[kyzr]

You are far too credulous.
They are doing nothing but damage. They know and understand absolutely nothing about the agencies they are destroying.

DOGE is upgrading the Federal government. From the PA mine where papers are stored, to having computer systems cross-check citizenship.

https://www.reuters.com/world/us/doge-staffer-appointed-acting-head-us-state-dept-foreign-assistance-office-2025-04-15/

In March, U.S. Secretary of State Marco Rubio said the administration canceled more than 80% of all USAID programs.
The 2022 budget was $22b, so DOGE saved $18b from USAID, but doesn't get credit.

Um...hello? When interest rates go up, the interest rates on existing debt go up.
That makes Yellen smart and YOU are the dumbass.

WTF are you lying about now. That makes no sense. Read and learn, then post a rebuttal if you find one.

https://finance.yahoo.com/news/janet-yellens-short-term-thinking-180036483.html?guccounter=1&guce_referrer=aHR0cHM6Ly9kdWNrZHVja2dvLmNvbS8&guce_referrer_sig=AQAAAACz6viLBQBxTtYMlPM10RvE4sO32IGSg8dAh9aXEoQVFgeUeA-YPeqeEmw9TuiCyGWSC82xU3mN70A95Q5aCxk2uniVcRBr1E1owvihMzhW95mEIYhztAhle94epnz9lD6Zu5r3SYolz6gL8NUVEfafCqS4cBJYIDHqBf-kPaHx

Janet Yellen's Short-Term Thinking Could Cost the U.S. Big
Janet Yellen gets low marks from most financial experts for her term as Treasury Secretary. The Treasury Secretary's primary role is managing U.S. debt issuance, determining the mix of loan terms and debt structures to minimize interest costs. During the pandemic, interest rates were very low—below 1 percent in most instances—and instead of locking in those low rates for 10 or 30 years, she chose to mostly issue debt in short maturities, usually two years and under.
When interest rates inevitably rose in 2022, the U.S. government was forced to refinance at significantly higher rates, which cost taxpayers hundreds of billions of dollars. It was an error of judgment that most of us cannot even comprehend—if interest rates are close to zero, you lock them in for as long as possible. It's no different than refinancing your mortgage at 2.5 percent, as millions of homeowners did during that time period. It's common sense.

 

[g5000]

Here's a funny thing.

You guys know how I've been yammering away about tax expenditures for many years now. They cost the federal government $1.6 trillion a year.

Yet you NEVER hear any politician talk about eliminating that spending.

This should make voters very suspicious. The reason it doesn't is because voters are kept ignorant about the very existence of them, even though they use them every April 15.

I've also mentioned Ronald Reagan cut a lot of tax expenditures in order to cut tax rates.

That's how this works. It isn't hard to understand, but again, Americans are kept in the dark about it.

Here's the interesting part. One of the tax expenditures Reagan eliminated was the tax deduction for the interest on an auto loan.

Guess who has said he wants to allow a tax deduction for the interest on auto loans.

That's right. Donald J. Trump.

And that, boys and girls, is how you know Trump has absolutely no desire not to run up deficits in order to artificially juice GDP.

All of the tax expenditures Reagan eliminated have been put back, and then some. Damn near all of them benefit the wealthy, including the mortgage interest deduction you all think is a good deal, without knowing it adds up to 27 percent to the cost of a house.

 

[pknopp]

DOGE is upgrading the Federal government. From the PA mine where papers are stored, to having computer systems cross-check citizenship.

https://www.reuters.com/world/us/doge-staffer-appointed-acting-head-us-state-dept-foreign-assistance-office-2025-04-15/

In March, U.S. Secretary of State Marco Rubio said the administration canceled more than 80% of all USAID programs.
The 2022 budget was $22b, so DOGE saved $18b from USAID, but doesn't get credit.

WTF are you lying about now. That makes no sense. Read and learn, then post a rebuttal if you find one.

https://finance.yahoo.com/news/janet-yellens-short-term-thinking-180036483.html?guccounter=1&guce_referrer=aHR0cHM6Ly9kdWNrZHVja2dvLmNvbS8&guce_referrer_sig=AQAAAACz6viLBQBxTtYMlPM10RvE4sO32IGSg8dAh9aXEoQVFgeUeA-YPeqeEmw9TuiCyGWSC82xU3mN70A95Q5aCxk2uniVcRBr1E1owvihMzhW95mEIYhztAhle94epnz9lD6Zu5r3SYolz6gL8NUVEfafCqS4cBJYIDHqBf-kPaHx

Janet Yellen's Short-Term Thinking Could Cost the U.S. Big
Janet Yellen gets low marks from most financial experts for her term as Treasury Secretary. The Treasury Secretary's primary role is managing U.S. debt issuance, determining the mix of loan terms and debt structures to minimize interest costs. During the pandemic, interest rates were very low—below 1 percent in most instances—and instead of locking in those low rates for 10 or 30 years, she chose to mostly issue debt in short maturities, usually two years and under.
When interest rates inevitably rose in 2022, the U.S. government was forced to refinance at significantly higher rates, which cost taxpayers hundreds of billions of dollars. It was an error of judgment that most of us cannot even comprehend—if interest rates are close to zero, you lock them in for as long as possible. It's no different than refinancing your mortgage at 2.5 percent, as millions of homeowners did during that time period. It's common sense.

The incredible artificially low rates is a large reason we have the inflation we do.

Arguing that we should have low rates to justify a huge debt is a horrible argument.

 

[g5000]

People know they are not responsible but still will argue and defend the irresponsible actions all day.

Like I said earlier. Gaslighted fools have one meme after another to excuse Trump's massive overspending. They have multiple backups.

FACT: Trump doubled the deficit in his first term.

TARD: Because Covid!

FACT: Trump doubled the deficit BEFORE Covid.

TARD: Because Democrats!

FACT: The GOP had full control of the House, the Senate, and the White House.

TARD: They wuz cleaning up Obama's mess!

 

[g5000]

The incredible artificially low rates is a large reason we have the inflation we do.

Arguing that we should have low rates to justify a huge debt is a horrible argument.

Indeed.

The Fed screwed up in believing the post-Covid inflation was transitory and thus waited too long to increase rates.

Trump asking the Fed to lower rates now is political hackery that would reignite inflation and cost every American a lot of money.

He knows this, and so the only explanation is he wants lower interest rates because he is about to blow right through the debt ceiling with record borrowing.

 

[kyzr]

The incredible artificially low rates is a large reason we have the inflation we do.
Arguing that we should have low rates to justify a huge debt is a horrible argument.

That is NOT my argument. My argument is that if the current debt service is $1T, and it could be lowered to $__b, pick a number, that is better than borrowing more to pay for debt service. As my article says at the end, "its common sense".

 

[pknopp]

Indeed.

The Fed screwed up in believing the post-Covid inflation was transitory and thus waited too long to increase rates.

I don't even believe they believed this. It's like the heroin addict that argues he can quit any time he wants.

They were (are) simply addicted to the spending and like an addict will make all kinds of excuses for their actions.

Trump asking the Fed to lower rates now is political hackery that would reignite inflation and cost every American a lot of money.

He knows this, and so the only explanation is he wants lower interest rates because he is about to blow right through the debt ceiling with record borrowing.

He also wants to show up the Fed for laughing off his arguments for sub zero rates the last time.