Trump Administration Predictions (3 Viewers)

[RogerCooper]

The House can't even do its primary job according to the Constitution which is to pass a budget. It has literally been decades since the House made an actual budget.

A Republican Congress and a Republican President can't pass an actual budget. I blame the Republicans.

 

[Pat Hartman]

The voters chose Joe Biden.

That's a matter of opinion. They sure didn't choose Kamala in 2020 or in 2024 and yet she was the candidate because the Democrat power structure anointed her.

 

[Pat Hartman]

A Republican Congress and a Republican President can't pass an actual budget. I blame the Republicans.

???? A President only gets to sign bills that make it to his desk. With a Republican majority in both houses, the bill that Congress presented should have better reflected the will of the people but it still wasn't a budget. It was a continuing resolution which is the lazy and corrupt way to authorize money. AND the Parliamentarian in the Senate cut out much of the cost savings. Not sure who voted for her but she has way too much power and is way too liberal.

You try to run a business without an actual budget. You try to be a department head without being able to produce a budget for your department. Granted, the government prints its own money so Congress members don't think of it as real and they all spend it like it grows on trees which apparently it does. However, WE, the taxpayers know that the taxes we pay are real.

 

[RogerCooper]

???? A President only gets to sign bills that make it to his desk. With a Republican majority in both houses, the bill that Congress presented should have better reflected the will of the people but it still wasn't a budget. It was a continuing resolution which is the lazy and corrupt way to authorize money. AND the Parliamentarian in the Senate cut out much of the cost savings. Not sure who voted for her but she has way too much power and is way too liberal.

You try to run a business without an actual budget. You try to be a department head without being able to produce a budget for your department. Granted, the government prints its own money so Congress members don't think of it as real and they all spend it like it grows on trees which apparently it does. However, WE, the taxpayers know that the taxes we pay are real.

The parliamentarian was forcing the Senate to follow the agreed upon budget process. The budget is allowed to evade filibuster because all provisions must be budget provisions. They had already dropped the requirement that the reconciliation process does not increase the deficit.

Speaker Johnson defended the tax cuts as putting more money in Americans pockets. If you put more money in people's pockets without growing the economy you get inflation. Pat, do you prefer taxes or inflation?

 

[Pat Hartman]

The parliamentarian was forcing the Senate to follow the agreed upon budget process.

No. She was making decisions that were political and had nothing to do with procedures.

You keep calling this bill a budget. It was NOT a budget.

Pat, do you prefer taxes or inflation?

What a question. I prefer taxes.

If you put more money in people's pockets without growing the economy you get inflation.

So that's why we had minimal inflation when Trump first implemented the tax cuts in his first term and Biden caused massive inflation by throwing around "free" money. Both increased the money in the hands of the people but only one of them caused inflation. Maybe if you weren't so rigid and 100% certain of your opinion, you might see that there are other things that contribute to inflation than tax cuts.

 

[The_Doc_Man]

What effort has Trump made to reduce the size of government?

Didja forget what is happening to the Dept. of Education? Trump's goal, if he can get Congress off their lard butts, is to eliminate that department in its entirety.

 

[AccessBlaster]

USAID?

 

[The_Doc_Man]

Maybe if you weren't so rigid and 100% certain of your opinion, you might see that there are other things that contribute to inflation than tax cuts.

It's a reply technically to Pat, but it is also directed at @RogerCooper

What about the Biden student loan forgiveness, which would have put uncompensated money in people's pockets? And as I understand it, he DID succeed in getting some loans forgiven. Just not as many as he originally wanted.

 

[AccessBlaster]

On loan forgiveness, Biden circumvented the congress and thumb his nose at the Supreme Court. All the characteristics the left hate.

 

[Pat Hartman]

The loan forgiveness scam was total theft and an attempt to BUY votes from the uneducated.

 

[Pat Hartman]

On loan forgiveness, Biden circumvented the congress and thumb his nose at the Supreme Court. All the characteristics the left hate.

Exactly what the left accuses Trump of doing. Hmmmm.

 

[moke123]

The loan forgiveness scam was total theft and an attempt to BUY votes from the uneducated.

hmmm, buy votes from the uneducated, meaning the people who have loans from their education. I guess that makes sense in your world.

 

[The_Doc_Man]

hmmm, buy votes from the uneducated, meaning the people who have loans from their education. I guess that makes sense in your world.

Given some of the majors revealed by audits, even after they got their degrees on student loans, a LOT (not all, though) REMAIN uneducated. How many people parlay a degree in inter-gender studies into a meaningful degree? How many anthropologists do we need? How many history majors have an excellent job in their field? What do you even DO with a General Studies degree? We could HOPE that English majors could at least be decent journalists or teachers, but even that hope doesn't seem to be fulfilled, given the demand for teachers and many jobs going unfilled. My grandson is weak in math because the entire fall semester last year in high school, they never had a permanent teacher, only substitutes. For the whole semester!

 

[moke123]

Or a chemistry major who works with databases, go figure. I know tons of people who don't work in the field they studied.

Many more teachers are leaving the profession every day. Go look on social media. This time of year teachers are doing online fundraisers to buy supplies for their classrooms. Good thing the DOE funding wont be there, right?

 

[RogerCooper]

No. She was making decisions that were political and had nothing to do with procedures.

You keep calling this bill a budget. It was NOT a budget.

What a question. I prefer taxes.

So that's why we had minimal inflation when Trump first implemented the tax cuts in his first term and Biden caused massive inflation by throwing around "free" money. Both increased the money in the hands of the people but only one of them caused inflation. Maybe if you weren't so rigid and 100% certain of your opinion, you might see that there are other things that contribute to inflation than tax cuts.

Technically it was the budget, otherwise it would have been subject to the filibuster.

Here is the deficit as a percentage of the GDP

Budget End	% of GDP

[td]

2013-09-30​

[/td]​

[td]

-4.1​

[/td]​

[td]

2014-09-30​

[/td]​

[td]

-2.8​

[/td]​

[td]

2015-09-30​

[/td]​

[td]

-2.4​

[/td]​

[td]

2016-09-30​

[/td]​

[td]

-3.1​

[/td]​

[td]

2017-09-30​

[/td]​

[td]

-3.4​

[/td]​

[td]

2018-09-30​

[/td]​

[td]

-3.8​

[/td]​

[td]

2019-09-30​

[/td]​

[td]

-4.6​

[/td]​

[td]

2020-09-30​

[/td]​

[td]

-14.7​

[/td]​

[td]

2021-09-30​

[/td]​

[td]

-12.1​

[/td]​

[td]

2022-09-30​

[/td]​

[td]

-5.4​

[/td]​

[td]

2023-09-30​

[/td]​

[td]

-6.3​

[/td]​

In general, deficits of under 3% are manageable without inflation. Notice that Trump brought the deficit up to 4.6% by FY2019 with tax cuts. The high deficits in the COVID years lead to a spike in inflation in 2022. Letting the tax cuts expire would have brought down the deficit but Trump and the Republican Party preferred to have a higher deficit not a lower deficit.

It is true that inflation is not only caused by deficits. Part of the inflation spike in 2022 was caused by supply chain shortages. And of course Trump is trying to increase prices with.

1. Tariffs
2. Reducing the labor supply (by deporting immigrants)
3. Trying to reduce interest rates (much like Nixon in 1971)
4. Discouraging foreign investment and foreign use of our currency (which takes off the inflationary pressure)