The candidates and the debt

[LuFins Dad]

By the way, the projections are only on the revenue portions of policy, correct? It doesn’t include new spending? Does it project what each plan means for GDP?

[Mik]

On that subject -

https://www.msn.com/en-us/money/markets/the-u-s-economy-is-not-doing-as-good-as-you-might-think/ar-AA1rNyES?ocid=msedgntp&pc=LCTS&cvid=7b003a5fe0884256ac3951ffb0b25227&ei=45

[Klaus]

I saw Trump talk about how he wants to reduce inflation. Wouldn't an excessive budget be an almost certain way to increase inflation? The US is loosing the option to raise interest rates to fight inflation because it would immediately lead to a default...

[LuFins Dad]

@Klaus said in The candidates and the debt:

I saw Trump talk about how he wants to reduce inflation. Wouldn't an excessive budget be an almost certain way to increase inflation? The US is loosing the option to raise interest rates to fight inflation because it would immediately lead to a default...

The plans that Jon are speaking of are revenue, not spending. Trump’s anti-inflationary ideas seem to be based around lowering overhead to US based manufacturing and products. Primarily by flooding the energy market.

[xenon]

Kinda unsettling to see the Republican party move away from fiscal prudence - if even just lip service. There's a couple of times in the last few decades that they even made the Dem administrations run more balanced budgets.

Going forward we'll need fiscal crises to pull us back from the brink.

[Mik]

It will hurt to cut spending. But it will hurt more later. I think it stems for the idea that has taken hold that the government is there to solve everyone's problems.

[89th]

Maybe Trump winning and hiring Elon to cut the fiscal fat isn't such a bad idea.

[jon-nyc]

Elon would oversee the writing of a report. Then congress would say “How cute! He has an opinion!” And Trump would spend away and crush the economy with his tariffs.

[LuFins Dad]

Elon just wants to get his hands on the weather tech.

[George K]

The Tax Foundation:

https://taxfoundation.org/research/all/federal/kamala-harris-tax-plan-2024/

[taiwan_girl]

And because we are equal opportunity

https://taxfoundation.org/research/all/federal/donald-trump-tax-plan-2024/

[jon-nyc]

Weird. Their model doesn’t account for any tariff retaliation.