Trumpenomics

[Horace]

That homophobia breaks my heart.

[jon-nyc]

Trying to win the Mamdani vote?

[jon-nyc]

How he didn’t see this coming in November I’ll never understand. Or at least by February.

[89th]

Maybe he's insulated too much? Yeah we all saw this from the start.

[LuFins Dad]

@jon-nyc said in Trumpenomics:

How he didn’t see this coming in November I’ll never understand. Or at least by February.

He was on stage with Trump while DJT was talking about the TCJA Cuts being made permanent and the Tax breaks on tips and overtime. So him bitching about the $5 Trillion and calling it new spending when it’s not new spending, just reduced receipts according to the CBO hits me as disingenuous at best. I have no doubt that he’s pissed there weren’t more and deeper spending cuts, I’m sure he’s pissed about the increased spending in some areas, but they are small details compared to the tax rates being made permanent. It really does make me think that all of this is the EV credits being rolled back, and the energy policy being presented.

[jon-nyc]

[jon-nyc]

Worst half year performance of the dollar in over half a century.

https://www.cnbc.com/2025/07/07/the-declining-dollar-faces-more-headwinds-after-posting-worst-first-half-return-in-52-years.html

[89th]

If Biden had that performance, Trump would be posting about how the dollar has "had the worst performance in 50 years, some say all time!"

[89th]

At least we have our own @Copper !

Trump adds a 50% tax to imported copper: https://www.cnbc.com/2025/07/08/trump-tariffs-copper-trade.html

[jon-nyc]

Kalshi, the betting market for which Don Jr is an ‘advisor’, is now predicting close to 50T of debt by the time Trump is finished.

[89th]

Let's fast forward and say this happens, or in 10 years we have a bajillion dollars in debt. Eventually what are the possible outcomes?

• Massive spending cuts?
• Massive tax increases?
• Dollar security faulters and causes worldwide economic depression?

It seems a mathematical certainty that if we don't change something, all the government will spend its money on is paying debt interest. Which would be quite appropriate given how many families do that today with their credit cards.

[jon-nyc]

Barring some AI-based growth miracle I suppose the eventual outcome will be to heavily devalue the debt (and the dollar) by printing tons of money. Default by another name.

[Axtremus]

Currency devaluation/inflation … we print (a lot more) money to pay off the debt. May or may not lead to “Dollar security falters” and/or “worldwide economic depression.”

Gotta compare with the alternatives. Cutting spending too much or increasing taxes too much may also lead to some versions and degrees of “Dollar security falters” and/or “worldwide economic depression.” There may be some versions of “printing money” that are less damaging than some versions of “cutting spending” or “increasing taxes.”