It's going to the (nonexistent) presidential library, at the end of his term. Guess who gets to use it then? Of course, that should cause a loss of tax exemption, but details...
Trump's Policies Part 5
- Thread starter Huckleberry
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You dont have to search too far to read that our economy is being propped up wealthy and boomer retirees. About the only way to get them to check up on spending might be tariffs but again that hits all socioeconomic groups. And that is probably what did it.
Boomers are worth $90T. National debt is $36T. Not real hard to see the estate tax with limited loopholes needs to come back
into play.
Boomers are worth $90T. National debt is $36T. Not real hard to see the estate tax with limited loopholes needs to come back
into play.
The tariffs are here. Inflation isn’t. What gives?
Is our long-ish national economic nightmare over?www.vox.com
Not until we see real cuts in spending.
In 2000, the US federal budget was $1.79 trillion ($3.35 trillion in 2025, adjusted for inflation) yet the US federal government spent $6.75 trillion in 2024 (literally doubling spending relative to 2000).
Unless or until we aggressively cut spending, I don't want to hear a peep about increased taxation.
2000 was also the time when USSR/Russia and China were weak and we were cutting spend on defense. That is something that we can't do right now.
Another big spend item is interest on the national debt that we have accumulated over COVID.
Thus, I am not sure that it is mathematically possible to cut deficit without raising taxes.
I am also for cutting spending, but we need to do both, ie raise taxes and cut spending, in order to get budget under control
I've always stated that we need to increase taxation in addition to cutting spending.
But the reality is all we've seen - for a quarter of a century now - is a promise to cut while increasing spending.
Hence my point - not one dime more until we see real cuts in spending. I simply don't trust the liars in DC to do anything they promise. Let me see it and then we can discuss more taxes. But until I see real cuts, screw increasing taxes.
Indeed, it was.
Article III, Section 3 states, "Treason against the United States, shall consist only in levying War against them, or in adhering to their Enemies, giving them Aid and Comfort."
Abraham Lincoln asserted that South Carolina, Georgia, Florida, Alabama, Mississippi, Louisiana, and Texas were still states in the Union and yet he "levied war against them."
He engaged in the flimsy excuse of calling them, "combinations too powerful to be suppressed by the ordinary course of judicial proceedings" but when they occupied state capitals, federal forces overthrew the state government, not the "combinations."
There was indeed treason going on in 1861. It was treason by Abraham Lincoln and everyone who followed his orders to levy war against states Lincoln himself asserted were still in the Union..
On the other hand, Art. IV, Section 4 states, "The United States shall guarantee to every State in this Union a Republican Form of Government, [not may, but shall. Guaranteeing a republican form of government is a positive duty, and not a military government, but a republican form.]
"The United States... shall protect each of them against Invasion; and on Application of the Legislature, or of the Executive (when the Legislature cannot be convened) against domestic Violence."
If there is a foreign invasion, the United States shall protect the states, but in the case of "domestic violence," it requires a request from the legislature or the governor for the United States to intervene. None of those seceding states requested federal intervention.
What do you have against Ice Barbie getting a new plane?
Now ICE Barbie Wants Her Own Brand New $50M Private Jet
The Coast Guard put in a last-minute addition to its budget for the Homeland Security secretary.
What real cuts would you like to see? What we seen this year has just introduced a bunch of chaos with nondefined objective.
What can our deficit be allocated to within the federal government? If the deficit is essentially everything besides defense and entitlements, do you believe we can function as a country without those services?
If you say cut entitlements, are you okay with you and tens of millions of others immediately losing your share of the entitlements? Are you okay with the social unrest that would result? All the while the nation's most wealthy generation in the history of the world retires over the next 20 years?
There is a necessary level of revenue to keep a household, a business, or government a float. Do you believe we have that now? I do not given the wealthy pay a lesser share of their income in income than i do.
Have you considered you feel the way do by considering the system has been rigged against you?
What can our deficit be allocated to within the federal government? If the deficit is essentially everything besides defense and entitlements, do you believe we can function as a country without those services?
If you say cut entitlements, are you okay with you and tens of millions of others immediately losing your share of the entitlements? Are you okay with the social unrest that would result? All the while the nation's most wealthy generation in the history of the world retires over the next 20 years?
There is a necessary level of revenue to keep a household, a business, or government a float. Do you believe we have that now? I do not given the wealthy pay a lesser share of their income in income than i do.
Have you considered you feel the way do by considering the system has been rigged against you?
I've been suggesting the federal government cut back spending here for YEARS before DOGE was even thought of.
I don't know enough about how tax dollars are spent to itemize, but I can tell you the government is literally spending twice as much money annually now than it was just 25 years ago (adjusted for inflation).
Do you really believe it costs twice as much money to run the federal government today without massive unnecessary spending?
I support DOGE because it's the ONLY effort I've seen to reign in the massive over-spending. So far it's not been ideal - possibly even farcical - but it's literally more than any administration has even tried to do for the last quarter-century while the government has doubled in size, burdening my kids and grandkids forever.
DOGE is just a slight of hand. Trump is on track to spend more this year than Biden did last year even with all the DOGE "savings."
Then you have stuff like the $400m airplane "gift" that will take over a billion to retrofit.
And stuff like this is surely needed right?
www.thedailybeast.com
And we spent $21mil to deport 69 people
www.cbsnews.com
Then you have stuff like the $400m airplane "gift" that will take over a billion to retrofit.
And stuff like this is surely needed right?
Now ICE Barbie Wants Her Own Brand New $50M Private Jet
The Coast Guard put in a last-minute addition to its budget for the Homeland Security secretary.
And we spent $21mil to deport 69 people
Pentagon spent $21 million on flights to Guantanamo Bay amid deportation effort
The Defense Department has spent more than $21 million on flights to Guantanamo Bay, according to data sent to Congress by the Defense Department.
www.cbsnews.com
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GOP Tax Bill Seen Masking More Than $1 Trillion US Debt Hit
The cost of Republican lawmakers’ draft plan for sweeping tax cuts weighed in at $3.8 trillion over the next 10 years in one official estimate, a lowball projection that independent analysts say masks the true fiscal hit.
origin.www.bloomberg.com
Shocker that Trump's idea of eliminating taxes on tips (which MAGA rubes were touting as him thinking about the little guy) expires after 4 years and the billionaire cuts are permenant.
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It is the only way forward, and tariffs, a glorified sales tax on consumers ain't it. I'm reminded of the (false) de Tocqueville quote to the effect that our republic would only endure until Congress discovered it could bribe the public with the public's money. In the face of our present economic fix, talk of lowering income taxes further is irresponsible...
I'm glad the budget isn't such a worry that we can afford $45m to fluff Trump's ego on this birthday cause you know every want to be dictator needs a birthday military parade. Country is in dire straights supposedly and this clown spends millions on parades and playing golf.
www.independent.co.uk
Cost of Trump birthday parade skyrocketing ‘to $45m’ with 25 tanks added
President Trump has said price of his military extravaganza is ‘peanuts compared to the value of doing it’
www.independent.co.uk
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Case in point: Elect a clown; expect a circus.I'm glad the budget isn't such a worry that we can afford $45m to fluff Trump's ego on this birthday cause you know every want to be dictator needs a birthday military parade. Country is in dire straights supposedly and this clown spends millions on parades and playing golf.
Cost of Trump birthday parade skyrocketing ‘to $45m’ with 25 tanks added
President Trump has said price of his military extravaganza is ‘peanuts compared to the value of doing it’
Yes, its very plausible that running the government would cost 2x as much today than it did 25 years ago. Inflation doesnt measure our changing aging demographics, the frequency of national disasters, social costs of healthcare, cost of construction, explosion of fraud, defending against the terrorist threat over this 25 year period. What is the size of the middle class now compared to then? And that's just the easy stuff that didn't exist 25 years ago to the degree it does now.
You want to pay less taxes because so many other things you need in life are vastly more expensive. The invisible hand is taking money out of your pocket through wealth inequality and inflation is a component of that phenomenon. There is always an urge to raise prices in a fiat economy and left unbalanced by unequal tax regime, you get what we have now and how you perceive our government and the world.
You want to pay less taxes because so many other things you need in life are vastly more expensive. The invisible hand is taking money out of your pocket through wealth inequality and inflation is a component of that phenomenon. There is always an urge to raise prices in a fiat economy and left unbalanced by unequal tax regime, you get what we have now and how you perceive our government and the world.
I knew a girl that wasn't from this country that once said, "America is great because once a year they give you money." I was very confused that she meant so I asked. She was referring to a income tax return. I had to explain to her that the government wasn't giving her their money but giving her, her own money.
I am just glad that we have an excellent aerospace engineer running our country:
"That's going to be a substantial upgrade, but it's going to be also with two engines, because an F-35 has a single engine. I don't like single engines.
"We're going to do an F-55 and - I think, if we get the right price, we have to get the right price - that'll be two engines and a super upgrade on the F-35, and then we're going to do the F-22.
"I think the most beautiful fighter jet in the world is the F-22, but we're going to do an F-22 Super and it'll be a very modern version of the F-22 fighter jet."
www.newsweek.com
"That's going to be a substantial upgrade, but it's going to be also with two engines, because an F-35 has a single engine. I don't like single engines.
"We're going to do an F-55 and - I think, if we get the right price, we have to get the right price - that'll be two engines and a super upgrade on the F-35, and then we're going to do the F-22.
"I think the most beautiful fighter jet in the world is the F-22, but we're going to do an F-22 Super and it'll be a very modern version of the F-22 fighter jet."
Donald Trump announces new F-55 fighter jet
The president has said that his administration is looking to develop a new fighter that will be a "substantial upgrade" from current models.
www.newsweek.com
What happened to the F47 and why the number 55 (we know why 47I am just glad that we have an excellent aerospace engineer running our country:
"That's going to be a substantial upgrade, but it's going to be also with two engines, because an F-35 has a single engine. I don't like single engines.
"We're going to do an F-55 and - I think, if we get the right price, we have to get the right price - that'll be two engines and a super upgrade on the F-35, and then we're going to do the F-22.
"I think the most beautiful fighter jet in the world is the F-22, but we're going to do an F-22 Super and it'll be a very modern version of the F-22 fighter jet."
Donald Trump announces new F-55 fighter jet
The president has said that his administration is looking to develop a new fighter that will be a "substantial upgrade" from current models.
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Well, my groceries cost twice as much today as they did 25 years ago, probably more, so maybe it does take more to run the government. Of course, I am not saying that there is no unnecessary spending. I work in state government,t and when we pay $30 for a 6 foot cat5 patch cable instead of being able to order one from Amazon for $6-9, then I know the government overspends. But, it also probably costs a lot more to run a government today compared to 25 years ago.
As for the changes DOGE has made, whether one agrees with them or not, they will not be permanent unless congress backs them with legislation. This congress seems to be asleep at the wheel so I do not see that happening.
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