Economy It pisses me off that Liberals do not want to cut the budget AT ALL

[Darkavius]

I would end all permanent welfare. Including corporate welfare. I'd end all foreign aid. I'd bring all the troops home. I'd put the army corps of engineers to work rebuilding America's crumbling infrastructure. I'd end the income tax. I'd abolish probably 99% of the federal government, starting with the military industrial complex.

I'm not president.

Is it safe to assume you are a Libertarian? In order to end all welfare then you would have to establish a living wage and a basic living wage that even the smallest of businesses that hire people would have to live by among many other things. Because if you are eliminating 99% of the federal government that 1% has got to do a hell of a lot of lifting.

 

[Rob Battisti]

It seems people have short memories. How many trillions of dollars did Trump add to the total debt the first time around? How much did he increase deficit spending? It is disingenuous to pretend Republicans want a smaller government when that has not been the case.

"The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by a leading Washington budget maven, Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center. And unlike George W. Bush and Abraham Lincoln, who oversaw the larger relative increases in deficits, Trump did not launch two foreign conflicts or have to pay for a civil war."

.....
"Trump had the third-biggest primary deficit growth, 5.2% of GDP, behind only George W. Bush (11.7%) and Abraham Lincoln (9.4%). Bush, of course, not only passed a big tax cut, as Trump has, but also launched two wars, which greatly inflated the defense budget. Lincoln had to pay for the Civil War. By contrast, Trump’s wars have been almost entirely of the political variety."

Donald Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years

The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president.

www.propublica.org

Fiscal Data Explains the National Deficit

Check out @FiscalService Fiscal Data’s new national deficit page! #NationalDeficit

fiscaldata.treasury.gov

To be fair, that did include Covid.

 

[44nutman]

I find it funny that the guy who is responsible for 1/4 of our deficit is now being hailed as some fiscal conservative. There was a reason he was called Deficit Donny his first term.
Cutting consumer protection is just playing into the Oligarchs hands.
The fact America's biggest Welfare Queen is the one doing all the cutting with his band of teenagers is fucking scary. Also, it is illegal to cut a program that is already paid unless approved by Congress, but one thing I noticed about MAGA is laws are just pieces of paper to them.
Sure there is waste but also, we also dont need Rivers on fire anymore either. Some of those agencies protect us but since most corporation dont give a shit if some people die in the name of more profit, I would like those agencies to stay.
If we could trust Giant Corporations to do the right thing, then every male on the planet would not have microplastics in their sperm.

 

[44nutman]

To be fair, that did include Covid.

Anytime Trump does something wrong you guys always with the excuses. I have to give blood just to afford a dozen eggs right now.
Curious when Trump was banging Trillion-dollar deficits pre-Covid what is the excuse for that one.
There has not been a single President who did not fuck one thing up, but you MAGA doggers always offer up excuses when Trump screws up, it's kind of weird.

 

[Oblivian]

It's interesting when you have an inside look at some of these institutions. Consumer Financial Protection Bureau is one that Trump is after. They are the watchdog of our industry and helped create some of the worst regulations that do not help consumers at all. In fact, it cost the average consumer money and creates more confusion. That's not the headline most will see though. It's going to be "they are the protectors for consumers".

My wife hates Trump and was trying to act like this was an insane decision. Just like most government entities, it's incredibly overfunded and inefficient. I don't know the details of what he's trying to do, but I certainly think looking into it or doing some sort of overhaul is necessary. My wife is also in the financial industry and knows this, yet she can't support it since Trump wants it. This is why the two party system is ridiculous.

 

[BFoe]

To be fair, that did include Covid.

Biden had debt related to COVID too. But Trump’s non-COVID related debt is greater than Biden’s total debt.

 

[Deorum]

The real major expenses to look at are SS, Medicaid, and Medicare but touching those is unpopular which is why minor expenses get put under the microscope as a distraction.

 

[BFoe]

That dude has an interesting definition of “entitlements.”

 

[Islam Imamate]

We'll see what Trump has to say about that. Part of Trump's appeal relative to other Republicans is that he's willing to drop unpopular ideas associated with the GOP likes cuts to SS.

Musk is not an elected official so he has no reason to care and in fairness Trump can't(as of now at least) run for another term so its possible Musk can get Trump on board with this but it'll be a far bigger ask than gutting USAID.

 

[AWilder]

What's the best example of something Musk exposed that you feel people are right to be outraged about?

trying to gift a pony to a woman for sex. i mean, who has the space for a pony, really?

 

[Cajun]

This, except I feel plenty of politicians from both sides are all involved in money skimming schemes. Tons of these lifelong "public" servents have their fingers in way too many pies.

This is highly likely.

 

[White Whale]

Do you believe that the Republican party has never ever wasted money on anything and they can crawl through shit and come out sparkly clean? How long has this problem been going on? How many times has the government changed hands. And only NOW because Trump riled everyone up they just assume they are innocent and the Democrats are the only ones breaking the rules?

It's mainly Democrats complaining and trying to stop it. Bill Kristol has already been exposed receiving money from USAID.

 

[Rob Battisti]

Biden had debt related to COVID too. But Trump’s non-COVID related debt is greater than Biden’s total debt.

Fiscal Year 2016 (October 1, 2015 – September 30, 2016):

Deficit: $585 billion

National Debt: $19.6 trillion

Change from Previous Year: Deficit increased by $34 billion; Debt increased by $1.4 trillion

Fiscal Year 2017:

Deficit: $665 billion

National Debt: $20.2 trillion

Change from Previous Year: Deficit increased by $80 billion; Debt increased by $0.6 trillion

Fiscal Year 2018:

Deficit: $779 billion

National Debt: $21.5 trillion

Change from Previous Year: Deficit increased by $114 billion; Debt increased by $1.3 trillion

Fiscal Year 2019:

Deficit: $984 billion

National Debt: $22.7 trillion

Change from Previous Year: Deficit increased by $205 billion; Debt increased by $1.2 trillion

Fiscal Year 2020:

Deficit: $3.13 trillion

National Debt: $27.7 trillion

Change from Previous Year: Deficit increased by $2.15 trillion; Debt increased by $5 trillion

Fiscal Year 2021:

Deficit: $2.78 trillion

National Debt: $29.6 trillion

Change from Previous Year: Deficit decreased by $350 billion; Debt increased by $1.9 trillion

Fiscal Year 2022:

Deficit: $1.38 trillion

National Debt: $31.4 trillion

Change from Previous Year: Deficit decreased by $1.4 trillion; Debt increased by $1.8 trillion

Fiscal Year 2023:

Deficit: $1.70 trillion

National Debt: $34.0 trillion

Change from Previous Year: Deficit increased by $320 billion; Debt increased by $2.6 trillion

Fiscal Year 2024:

Deficit: $1.83 trillion

National Debt: $36.2 trillion

Change from Previous Year: Deficit increased by $130 billion; Debt increased by $2.2 trillion


Reading this, it’s difficult to really say that Trump increased the deficit more than Biden if you take Covid out of the equation.

Of course it will spike and decrease around the pandemic.

 

[chardog]

The disagreement is on what to cut, dummy.

there's already an inherent allergic reaction to cuts to the DOD, it's ingrained.

 

[Prutfis]

I bet that sweet 4.9 billion anually Musk gets in subsidies won´t be touched.

 

[deviake]

Is he trying to precipitate an actual revolution in the US?? Lmao

 

[DoctorTaco]

there's already an inherent allergic reaction to cuts to the DOD, it's ingrained.

Historically the left wants a smaller military footprint and budget while the right has been staunchly for a yuge military budget

 

[BFoe]

Fiscal Year 2016 (October 1, 2015 – September 30, 2016):

Deficit: $585 billion

National Debt: $19.6 trillion

Change from Previous Year: Deficit increased by $34 billion; Debt increased by $1.4 trillion

Fiscal Year 2017:

Deficit: $665 billion

National Debt: $20.2 trillion

Change from Previous Year: Deficit increased by $80 billion; Debt increased by $0.6 trillion

Fiscal Year 2018:

Deficit: $779 billion

National Debt: $21.5 trillion

Change from Previous Year: Deficit increased by $114 billion; Debt increased by $1.3 trillion

Fiscal Year 2019:

Deficit: $984 billion

National Debt: $22.7 trillion

Change from Previous Year: Deficit increased by $205 billion; Debt increased by $1.2 trillion

Fiscal Year 2020:

Deficit: $3.13 trillion

National Debt: $27.7 trillion

Change from Previous Year: Deficit increased by $2.15 trillion; Debt increased by $5 trillion

Fiscal Year 2021:

Deficit: $2.78 trillion

National Debt: $29.6 trillion

Change from Previous Year: Deficit decreased by $350 billion; Debt increased by $1.9 trillion

Fiscal Year 2022:

Deficit: $1.38 trillion

National Debt: $31.4 trillion

Change from Previous Year: Deficit decreased by $1.4 trillion; Debt increased by $1.8 trillion

Fiscal Year 2023:

Deficit: $1.70 trillion

National Debt: $34.0 trillion

Change from Previous Year: Deficit increased by $320 billion; Debt increased by $2.6 trillion

Fiscal Year 2024:

Deficit: $1.83 trillion

National Debt: $36.2 trillion

Change from Previous Year: Deficit increased by $130 billion; Debt increased by $2.2 trillion


Reading this, it’s difficult to really say that Trump increased the deficit more than Biden if you take Covid out of the equation.

Of course it will spike and decrease around the pandemic.

Trump and Biden: The National Debt | Committee for a Responsible Federal Budget

The national debt is on course to reach a record share of the economy under the next presidential administration, due in part to policies approved by Presidents Trump and Biden during their ti

www.crfb.org

 

[Rob Battisti]

Trump was banging Trillion-dollar deficits pre-Covid what is the excuse for that one.

The excuse is that it’s not true? @BFoe not sure why you liked this post

 

[Rob Battisti]

Trump and Biden: The National Debt | Committee for a Responsible Federal Budget

The national debt is on course to reach a record share of the economy under the next presidential administration, due in part to policies approved by Presidents Trump and Biden during their ti

www.crfb.org

We’re talking about the deficit increases during the terms. I laid them out.