The GOP and Mr. Trump need to propose spending cuts, big ones...

[leftwinger]

Trump wanted even way more government spending during covid.

Trump blames strong dollar for U.S. economy ‘going to hell’

"Trump says the dollar is too strong"

"Trump want's a weaker US dollar"

"JD Vance want's a weaker US dollar"

Over the past 40 years 100% of Republicans signed Grover Norquist pledge to drown government in debt!

Zero Republicans signed a pledge to cut spending.

Nixon took the dollar off the gold standard so Republicans could borrow, print & spend more to drown our country in inflationary debt.

Democrats actually cut deficits, spending & raise revenue without inflation.

Idiot talk. D cause the debt when creating crisis to steal back power. Once back in, the crisis ends (requires less emergency spending) you dumb bag if animal guts.

 

[leftwinger]

So going from a $7.3T Budget to a $4T Budget doesn't address the problem? Do the math.

Yes, they have to start somewhere without killing GDP growth.

 

[kyzr]

Again, a mass of Republican voters, to say nothing of Democrats and independents, do not support that. And even assuming your number is right, that is a drop in the bucket of our current debt catastrophe, even assuming you could get a mass of Republicans, again, to say nothing of Democrats and independents, to support doing it.

So your brilliant idea to get us out of this financial mess is what?

 

[kyzr]

No, it doesn't. Again, assuming your numbers are right, where's that money coming from? Where does the political will for cutting over $3 trillion, again, assuming that's even correct, from the budget come from? Not Republicans, not Democrats, and not independents. The math is that the budget will continue to rise whatever hypothetical cuts you want to talk about whether Harris or Trump is elected, and even if it were other candidates the same scenario. So the math is that there will be $0 in budget cuts. But no, wasting $4 trillion a year going forward compared to wasting $7 trillion a year going forward, given the damage that's already been done, would not address the problem, and the idea that that would ever even be possible is ludicrous.

1. You can't just say "no" to cutting spending. Put up a better idea.
2. If you want a "fig leaf" they can hire a "Grace Commission II" to make the recommendations where to cut spending, but the Budget can't be bigger than revenue, it needs to be less to start paying down the $35T DEBT.

 

[EMH]

The idea that Gingrich ushered in fiscal responsibility is simply a myth. Steve Kornacki's excellent book, "The Red and the Blue," gives an accurate historical accounting of what happened during those years.

What happened is this

Newt cut taxes and spending.

Deficit turned to surplus.

Economy boomed. Low end wage inflation, best economy for all classes.

Why does the LEFT hate that? Because the LEFT is 100% about STEALING all the SPENDING

 

[EMH]

Thanks fer the laughs you know they can't stop now no matter who controls the purse strings because you know the consequences.

Unfortunately the SUB supported PRO ISRAEL RINOs are not fiscal conservatives at all, not conservative, not patriotic to America, not useful in any way at all....

 

[Kevin_Kennedy]

So your brilliant idea to get us out of this financial mess is what?

There is no brilliant idea to get us out of this financial mess. Some level of economic collapse is the only realistic possibility at this point. Yes, in theory there's a political answer, but in reality that answer would be so draconian that it's impossible to think of a single politician willing to martyr themselves to even suggest it let alone attempt to put it into practice.

 

[Kevin_Kennedy]

1. You can't just say "no" to cutting spending. Put up a better idea.
2. If you want a "fig leaf" they can hire a "Grace Commission II" to make the recommendations where to cut spending, but the Budget can't be bigger than revenue, it needs to be less to start paying down the $35T DEBT.

I'm not saying "no" to cutting spending, I'm saying that cutting spending is not going to happen. It's also not even what you're proposing. You're proposing the budget, which was not even balanced, from 2019. That's still spending money that we do not have. We didn't have it then and we have less now. Yes, cutting spending is absolutely necessary, but if you say you want to go back to the 2019 budget then you're not serious about cutting spending. How about the 1919 budget? It's as realistic as going back to the 2019 budget--neither would ever happen--and would actually possibly help resolve the issue we currently face.

 

[kyzr]

There is no brilliant idea to get us out of this financial mess. Some level of economic collapse is the only realistic possibility at this point. Yes, in theory there's a political answer, but in reality that answer would be so draconian that it's impossible to think of a single politician willing to martyr themselves to even suggest it let alone attempt to put it into practice.

If we don't do the Draconian solution the outcome is worse, we become Venezuela.
The dollar collapses, US bonds become junk, we won't be able to borrow, then the budget becomes $1T, SS goes bankrupt, Medicare goes bankrupt, Welfare and Medicaid become bankrupt, and Defense gets cut in half.

So we either cut deductions in half and cut spending to $4T, or the dollar collapses.
You do know that US bonds keep getting downgraded by the rating agencies?
If we keep playing Russian Roulette with our budgets, eventually we will lose.

 

[Natural Citizen]

Some level of economic collapse is the only realistic possibility at this point.

eeeyep.

The system is finite. As such, it will ultimately be the market that decides fate, no matter how hard they try to distort it and kick the can down the road.

They're runing out of road, though.

 

[HikerGuy83]

Getting into a war of who can shower this state or that state with more borrowed taxpayer money vs Kamala is a losing strategy.

The GOP needs to stand up and re-embrace fiscal conservatism. So far, it is making ZERO NOISES on that score. Only Vivek in the primary made such noises.

Since the W/Faux News crowd packed the GOP voter rolls with Pro Israel SUBs, this is what has happened... we went from under $6 trillion in debt (and a fuctional budget surplus) when W was elected to over $35 now....

U.S. National Debt by Year

The U.S. national debt is the total of what the federal government owes creditors. The U.S. has always carried debt, but the total has expanded rapidly since 2008.

www.investopedia.com

SUBs do not care about math. Math involves numbers and that's way beyond the intellect of the SUB.

and Dick Cheney said Reagan "proved" deficits do not matter... which is why the Cheney family is now clearly DEMOCRAT as it ALWAYS WAS....

Faux News doesn't care about the Federal Debt because that is America, and Faux only cares about ISRAEL. So the SUB "never hears" about the Debt from the two and only two things the SUB actually follows, a Jew fraud of a Christian Preacher and Faux.

For those of us who do understand MATH, this is a HUGE PROBLEM that will not go away without a big fight.


This needs dramatic attention right now. Failure to address the National Debt is suicide as a nation.


View attachment 992978


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How US national debt grew to its $31.4 trillion high - ABC News​

Visit

We just crossed 35 Trillion.

These charts don't jive with the deficits that each president created. Biden has created much bigger deficits than Trump.

 

[Kevin_Kennedy]

If we don't do the Draconian solution the outcome is worse, we become Venezuela.
The dollar collapses, US bonds become junk, we won't be able to borrow, then the budget becomes $1T, SS goes bankrupt, Medicare goes bankrupt, Welfare and Medicaid become bankrupt, and Defense gets cut in half.

So we either cut deductions in half and cut spending to $4T, or the dollar collapses.
You do know that US bonds keep getting downgraded by the rating agencies?
If we keep playing Russian Roulette with our budgets, eventually we will lose.

You seem to be under the impression that I'm arguing against cutting spending, but I'm not sure how to be more clear. I'm for cutting spending, but your proposal doesn't even begin to go far enough.

 

[kyzr]

I'm not saying "no" to cutting spending, I'm saying that cutting spending is not going to happen. It's also not even what you're proposing. You're proposing the budget, which was not even balanced, from 2019. That's still spending money that we do not have. We didn't have it then and we have less now. Yes, cutting spending is absolutely necessary, but if you say you want to go back to the 2019 budget then you're not serious about cutting spending. How about the 1919 budget? It's as realistic as going back to the 2019 budget--neither would ever happen--and would actually possibly help resolve the issue we currently face.

1. Obama's last budget was about $4T. Trump's 1st budget was $4T. Biden's last budget is $7.3T. The right number for a budget is $4T, plus $1T for interest on the debt, so a $5T budget is what it needs to be.

2. Say we want to pay down about $2T a year of the $35T Debt, that means we need revenue of about $7T. Deductions can be reduced across the board to achieve the $7T of needed revenue.

You can't dodge fiscal reality. With people not being able to afford groceries now due to Bidenflation, good luck raising taxes.
Leadership is telling people the truth.

 

[kyzr]

You seem to be under the impression that I'm arguing against cutting spending, but I'm not sure how to be more clear. I'm for cutting spending, but your proposal doesn't even begin to go far enough.

Then show me where I'm wrong.

 

[Kevin_Kennedy]

Then show me where I'm wrong.

Ok. The national debt right now is, what, $35 trillion? You propose to spend $4 trillion/year. So the U.S. government has negative $35 trillion and your plan to pay that off is... to spend more money that the U.S. government doesn't have. Cutting the debt by going deeper into debt doesn't make any sense.

 

[Zincwarrior]

Removing ALL deductions, including the standard deduction doubles revenue to $8T, which basically doubles revenue.

Since we can cut SOME of the Budget, we don't need to double Federal taxes.
1. Send Welfare back to the States. That nets $1.3T in savings. Put the MFs back to work if they are able.
2. Send Education back to the states. That saves $224b in 2024. Education is not in the Constitution.
3. Defense? (smaller military with tactical nukes should work fine)
4. Medicare? Will be bankrupt if not fixed.

For a $2T budget deficit in 2025, we can cut about $1.5T, but from what baseline? IMHO the Federal Budget should revert to the $4T 2018 Budget.
If we cut deductions in half that would net about $6T in Revenue, so the Debt would start to be paid back and the interest on the debt of $1T would start to get reduced.

I like it. Cut muddle class deductions and middle class benefits.

 

[EMH]

We just crossed 35 Trillion.

These charts don't jive with the deficits that each president created. Biden has created much bigger deficits than Trump.

Trump hit a McConnell/Ryan brick wall his first two years, didn't even try the final two, and surrendered trillions on the Covid fraud...

Bottom Line = the Faux "News" crowd cannot stop putting pro Israel RINOs in the Senate and House, and until that changes, the US is going off a cliff. Trump as Prez has almost no power over spending. Johnson is a total disaster as is whoever will replace McConnell.

 

[kyzr]

Ok. The national debt right now is, what, $35 trillion? You propose to spend $4 trillion/year. So the U.S. government has negative $35 trillion and your plan to pay that off is... to spend more money that the U.S. government doesn't have. Cutting the debt by going deeper into debt doesn't make any sense.

You look like you don't know how the government works.
There is a spending budget from congress
There is a revenue stream from the IRS

Here are the last few budgets. and their deficits:
Biden’s 2025 Budget is $7.30T with a $1.8T deficit______TOTAL BIDEN $6.9T (in theory)
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 (actual)
Trump's 2020 Budget was $6.55T with a $3.1T deficit
Trump's 2019 Budget was $4.40T with a $0.9T deficit

The deficits are funded by borrowing and issuing bonds, then paying interest on those bonds.
Currently the DEBT is $35T and interest on that DEBT is about $1T a year

1. If we set the 2026 Budget to $4T plus $1T for interest on the Debt that is a total of $5T in spending for fiscal 2026

2. If we set the required 2026 Revenue to $7T which is the current $5T and a new $2T raised by removing deductions and new taxes, such as a "Transaction Tax" on financial transactions, and a "Remittance Tax" on all money sent out of the US to pay for the wall, and any other new revenue streams such as tariffs, or ________.

 

[kyzr]

Trump hit a McConnell/Ryan brick wall his first two years, didn't even try the final two, and surrendered trillions on the Covid fraud...
Bottom Line = the Faux "News" crowd cannot stop putting pro Israel RINOs in the Senate and House, and until that changes, the US is going off a cliff. Trump as Prez has almost no power over spending. Johnson is a total disaster as is whoever will replace McConnell.

Agreed. Kudlow and Art Laffer have their heads up their asses, all they want to do is cut taxes.
Sounds like you like Kamala and the pro-Hamas party?

 

[kyzr]

I like it. Cut muddle class deductions and middle class benefits.

Cut everyone's deductions and benefits.