Coupon-clipping while Ferrari shopping
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I’ve suggested before that it’s possible that Musk will put a lot of pressure on congress (and indirectly on Trump, when he sees the applause Musk gets) to prevent Congress from doing what they’re on track to do in 2025 - increase the deficit by 5-8T over ten years.
He’s far more serious than they are, not least because he doesn’t face any elections.
wrote on 5 Feb 2025, 13:25 last edited by@jon-nyc said in Coupon-clipping while Ferrari shopping:
I’ve suggested before that it’s possible that Musk will put a lot of pressure on congress (and indirectly on Trump, when he sees the applause Musk gets) to prevent Congress from doing what they’re on track to do in 2025 - increase the deficit by 5-8T over ten years.
He’s far more serious than they are, not least because he doesn’t face any elections.
And he pulls a lot of weight through Social Media.
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wrote on 5 Feb 2025, 13:25 last edited by
There doesn't seem to be a realistic mechanism in a tribalized democracy to control this stuff.
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There doesn't seem to be a realistic mechanism in a tribalized democracy to control this stuff.
wrote on 5 Feb 2025, 13:29 last edited by@Horace said in Coupon-clipping while Ferrari shopping:
There doesn't seem to be a realistic mechanism in a tribalized democracy to control this stuff.
Fix the Social Security and Medicare funding through its own untouchable mechanism. Tie all the total of all other funding to a %of GDP. Let the controlling party set the discretionary spending %s to their own priority. All spending above the budget must be tied to equivalent cuts elsewhere unless a national emergency that is recognized and voted on by at least 60% of Congress.
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@Horace said in Coupon-clipping while Ferrari shopping:
There doesn't seem to be a realistic mechanism in a tribalized democracy to control this stuff.
Fix the Social Security and Medicare funding through its own untouchable mechanism. Tie all the total of all other funding to a %of GDP. Let the controlling party set the discretionary spending %s to their own priority. All spending above the budget must be tied to equivalent cuts elsewhere unless a national emergency that is recognized and voted on by at least 60% of Congress.
wrote on 5 Feb 2025, 13:31 last edited by@LuFins-Dad I just never see voters voting for their own personal short term pain.
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wrote on 5 Feb 2025, 13:35 last edited by
Aye, there's the rub.
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wrote on 7 Feb 2025, 21:34 last edited by
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wrote on 7 Feb 2025, 23:25 last edited by
FAFS.
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wrote on 7 Feb 2025, 23:49 last edited by
He's not getting all that and he knows it.
The question is what is his fallback position?
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wrote on 13 Feb 2025, 02:23 last edited by
Key word being ‘partially’.
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wrote on 13 Feb 2025, 02:33 last edited by
The only part of the tax proposal that’s actually regressive is the SALT exemption. The other changes may not be a great idea, but they aren’t regressive.
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wrote on 13 Feb 2025, 03:06 last edited by
Most of the $ goes to extending the TCJA of 2027-18 whenever that was.
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wrote on 18 Feb 2025, 19:40 last edited by
From Cato.
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wrote on 18 Feb 2025, 19:59 last edited by
Good, now do a Biden second term or a Harris first.
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wrote on 18 Feb 2025, 20:17 last edited by
Thanks for pointing that out. Let’s stop cost cutting, it’s just a waste of time.
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wrote on 18 Feb 2025, 20:21 last edited by
@Jolly said in Coupon-clipping while Ferrari shopping:
Good, now do a Biden second term or a Harris first.
Yeah, CBO rated Harris’ plan as a little better than Trumps. But not going to convince you of that just like you won’t convince Jon that Trump’s plan will generate more revenue.
Personally, I’m worried about the deficit, but I’m equally worried about the impact of the largest tax increase in history. But it’s still the entitlements driving every thing. So drop the income cap and raise the FICA .5%
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@Jolly said in Coupon-clipping while Ferrari shopping:
Good, now do a Biden second term or a Harris first.
Yeah, CBO rated Harris’ plan as a little better than Trumps. But not going to convince you of that just like you won’t convince Jon that Trump’s plan will generate more revenue.
Personally, I’m worried about the deficit, but I’m equally worried about the impact of the largest tax increase in history. But it’s still the entitlements driving every thing. So drop the income cap and raise the FICA .5%
wrote on 18 Feb 2025, 20:33 last edited by Jolly@LuFins-Dad said in Coupon-clipping while Ferrari shopping:
So drop the income cap and raise the FICA .5%
That's the no brainer.
About deficit spending...Heard an economist talking a few days ago. He was all in favor of the cuts, but made an interesting point...He thought the country was so balled up into deficit spending, that an immediate blalanced budget would crash the economy. He thought it's going to take a ten-year plan, with a smaller deficit each year. That would take a major, multiple administration commitment he just didn't see happening.
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Thanks for pointing that out. Let’s stop cost cutting, it’s just a waste of time.
wrote on 18 Feb 2025, 20:50 last edited by@LuFins-Dad said in Coupon-clipping while Ferrari shopping:
Thanks for pointing that out. Let’s stop cost cutting, it’s just a waste of time.
Wouldn’t the proper message let’s do it rather than tweet about it while we plan to double down on the debt behind closed doors?
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@LuFins-Dad said in Coupon-clipping while Ferrari shopping:
Thanks for pointing that out. Let’s stop cost cutting, it’s just a waste of time.
Wouldn’t the proper message let’s do it rather than tweet about it while we plan to double down on the debt behind closed doors?
wrote on 18 Feb 2025, 21:13 last edited by@jon-nyc said in Coupon-clipping while Ferrari shopping:
@LuFins-Dad said in Coupon-clipping while Ferrari shopping:
Thanks for pointing that out. Let’s stop cost cutting, it’s just a waste of time.
Wouldn’t the proper message let’s do it rather than tweet about it while we plan to double down on the debt behind closed doors?
Mmmmmm, no.
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@LuFins-Dad said in Coupon-clipping while Ferrari shopping:
So drop the income cap and raise the FICA .5%
That's the no brainer.
About deficit spending...Heard an economist talking a few days ago. He was all in favor of the cuts, but made an interesting point...He thought the country was so balled up into deficit spending, that an immediate blalanced budget would crash the economy. He thought it's going to take a ten-year plan, with a smaller deficit each year. That would take a major, multiple administration commitment he just didn't see happening.
wrote on 19 Feb 2025, 01:31 last edited by@Jolly said in Coupon-clipping while Ferrari shopping:
He thought it's going to take a ten-year plan, with a smaller deficit each year. That would take a major, multiple administration commitment he just didn't see happening.
Agree 100%. Most politicians just dont (or aren't willing to) have a long term view.
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@LuFins-Dad said in Coupon-clipping while Ferrari shopping:
So drop the income cap and raise the FICA .5%
That's the no brainer.
About deficit spending...Heard an economist talking a few days ago. He was all in favor of the cuts, but made an interesting point...He thought the country was so balled up into deficit spending, that an immediate blalanced budget would crash the economy. He thought it's going to take a ten-year plan, with a smaller deficit each year. That would take a major, multiple administration commitment he just didn't see happening.
wrote on 19 Feb 2025, 12:59 last edited by@Jolly said in Coupon-clipping while Ferrari shopping:
...He thought the country was so balled up into deficit spending, that an immediate blalanced budget would crash the economy. He thought it's going to take a ten-year plan, with a smaller deficit each year. That would take a major, multiple administration commitment he just didn't see happening.
Yeah I’m not the first to say it either. It will take a 10+ year plan. Maybe 20. The system isn’t set up to reward forethought more than 3-4 years (election cycles), but it’s absolutely what we need.
Cost cutting vs spending is like changing a light bulb to LED to save a few bucks, while planning on building a whole attached MIL suite. Yeah it makes sense but it shouldn’t even be in the newspaper let along as a headline.
