Trumps tariffs could decrease the national debt by 4 trillion !

[IM2]

The latest analysis from the CBO says Trumps tariffs could decrease the National debt by 4 trillion over the next decade ! a major step in the right direction !

Trump is bringing in enough revenue from tariffs to cut deficits by $4 trillion over the next decade, CBO says | Fortune

In just two months, Trump added another $1.5 trillion of deficit reduction in the form of new tariffs, CBO said. Still, the One Big Beautiful Bill Act will raise deficits by $3.4 trillion.

fortune.com

from the article ..
President Donald Trump’s hike in tariffs is projected to generate enough revenue to cut federal deficits by $4 trillion over the next decade, according to the latest analysis by the Congressional Budget Office (CBO). The nonpartisan agency said it had updated its estimates of tariff revenues as part of the development of the short-term economic forecast covering 2025 to 2028, to be published on Sept. 1



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[Muhammed]

... as caused by Trump's inability to cope with Covid's problems?

We are talking now, towel head, and your fakir in the WH is failing.

Why didn't the inflation rate ever climb that high in US history when non-Democrats were in control?

THINK!!!!

 

[Nuthin' Fancy]

The money was borrowed to pay for shiny things for us. It's time we paid it back.

By raising taxes?

 

[Nuthin' Fancy]

Why didn't the inflation rate ever climb that high in US history when non-Democrats were in control?

THINK!!!!

Ford had an inflation rate of 8%.

 

[Woodznutz]

By raising taxes?

Spending cuts alone won't do it.

 

[Nuthin' Fancy]

Spending cuts alone won't do it.

Tax cuts won't either.

 

[Woodznutz]

Tax cuts won't either.

Tax cuts cause more borrowing. Tax cuts are great if justified, but we have bills to pay.

 

[John Edgar Slow Horses]

2020, Trump's last year.

What is the highest rate for inflation in one year?

The highest recorded annual inflation rate in U.S. history was 23.7% in June 1920. This spike occurred during the post–World War I economic boom, when demand surged and supply chains were still recovering from wartime disruptions.

Why didn't the inflation rate ever climb that high in US history when non-Democrats were in control?

THINK!!!!

... because we have to end wars that Republicans start.

 

[Muhammed]

2020, Trump's last year.

What is the highest rate for inflation in one year?

The highest recorded annual inflation rate in U.S. history was 23.7% in June 1920. This spike occurred during the post–World War I economic boom, when demand surged and supply chains were still recovering from wartime disruptions.




... because we have to end wars that Republicans start.

Wars Republicans start?

**** off, dumbass.

The Democratic party of slavery got us into the US Civil War, WWI, WWII, Korea, and Vietnam. None of those wars were to forward US national security. And the Democratic party of slavery forced Americans into slavery to use them as cannon fodder to fight those horrible inhumane wars.

That's why they are called the Democratic PARTY OF SLAVERY in the first place.

The Democratic party should have been dissolved and forever banned as part of reconstruction after we kicked your ass in the civil war.

 

[John Edgar Slow Horses]

Wars Republicans start?

**** off, dumbass.

The Democratic party of slavery got us into the US Civil War, WWI, WWII, Korea, and Vietnam. None of those wars were to forward US national security. And the Democratic party of slavery forced Americans into slavery to use them as cannon fodder to fight those horrible inhumane wars.

That's why they are called the Democratic PARTY OF SLAVERY in the first place.

The Democratic party should have been dissolved and forever banned as part of reconstruction after we kicked your ass in the civil war.

Your deflection, of course. The Dems ended WWI, WWII, Korea, and aided Ford in Vietnam.

The GOP has been the anti-color, anti-women, just anti, since the late 1950s.

The CW ended in Union victory because the northern and western Democrats aided the Union cause by the hundreds of thousands.

 

[hadit]

Here is the truth and it's not something libertarians are going to like and I consider myself one: this was etched in stone over the last decade. Once the U.S debt spiralled out of control I knew it was either going to be high tariffs to raise revenue, much higher taxes on the domestic population, or, in the worst case scenario, America looking to steal resources from another nation.

Since the last option is not appealing to those in your orbit, and the loss to the world if the U.S defaulted; I loudly promoted that the U.S needs to cut its debt. This has been known for years.

Since debt isn't being cut, revenue must be raised.

Sadly, Congress has shown itself incapable of spending wisely, and there is an extremely high likelihood that any new revenue will simply be met with even higher spending, thus wiping out any advantage. DOGE was a step in the right direction to identify wasteful and/or unnecessary spending but notice the reaction from the usual suspects when there was the slightest hint that spending may be reduced on anything at all. I don't think Congress as a body is capable of seeing trillions in new revenue go unspent but used to reduce the debt.

 

[candycorn]

Not a chance.

Hafar does not understand economics.

Thats putting it mildly. He claims to have a degree in psychology or something. I doubt he ever made it past the sixth grade.

 

[Hafar1014]

In most cases the consumer pays the tariffs in higher retail prices. But it's irrelevant because you still have the same household disposable income, so you simply buy/consume less. Only a dope would start over spending.

False the manufacturer and seller pays. I dont have to buy anything they must sell or go broke. Prices come down.

 

[candycorn]

False the manufacturer and seller pays. I dont have to buy anything they must sell or go broke. Prices come down.

Just 2 quick questions....

Who is the manufacturer and seller paying?

Where does the manufacturer and seller getting their money to pay?

Have fun shit brains.

 

[Captain Caveman]

False the manufacturer and seller pays. I dont have to buy anything they must sell or go broke. Prices come down.

Try again thicko -

 

[Hafar1014]

Try again thicko -

View attachment 1159935

I choose not to buy so I dont pay the tariff. Inventories increase and prices come down

 

[Captain Caveman]

I choose not to buy so I dont pay the tariff. Inventories increase and prices come down

 

[Hafar1014]

View attachment 1159963

No after owning 2 retail stores and 3 bother businesses I understand how fee markets operate. Wages are up taxes cut inflation stable spending power is up. Who cares about a tariff

 

[Captain Caveman]

No after owning 2 retail stores and 3 bother businesses I understand how fee markets operate. Wages are up taxes cut inflation stable spending power is up. Who cares about a tariff

Those that suffer TDS

 

[HikerGuy83]

Sooner or later the debt will grow so large that it can no longer be ignored.

We are there now.

We have 10 years to fix it and are doing NOTHING.