Coupon-clipping while Ferrari shopping
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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.
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wrote on 19 Feb 2025, 13:36 last edited by
News is something that happens, which is out of the ordinary. To trim this much of the Federal government is akin to a man bites dog story.
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wrote on 19 Feb 2025, 16:37 last edited by
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wrote on 19 Feb 2025, 16:52 last edited by
They misspelled “opposes single largest tax increase in history”.
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wrote on 19 Feb 2025, 17:12 last edited by jon-nyc
Gonna have to cancel a whole lot of DEI puppet shows in Bolivia to make up for it.
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wrote on 19 Feb 2025, 17:56 last edited by
@jon-nyc said in Coupon-clipping while Ferrari shopping:
Gonna have to cancel a whole lot of DEI puppet shows in Bolivia to make up for it.
Fortunately, the guy before scheduled a lot of DEI puppet shows.
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wrote on 19 Feb 2025, 23:29 last edited by
This makes me long for the days of sequestration. Or whatever it was called when there were attempts at making the debt and deficit a focus and also capping the budget, and also potentially forcing the reduction in federal staff (letting leadership pick the weakest links vs this backfire plan that Trump has).
Oh here’s a link: https://en.wikipedia.org/wiki/Budget_Control_Act_of_2011
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wrote on 19 Feb 2025, 23:55 last edited by
The GOP really suck at national debt reduction.
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wrote on 19 Feb 2025, 23:58 last edited by
@Axtremus said in Coupon-clipping while Ferrari shopping:
The GOP really suck at national debt reduction.
Looking at the results over 40 years? Yeah. They’ve done pretty well on revenue generation, though.
The Brad
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wrote on 20 Feb 2025, 00:01 last edited by
Here’s a curveball. Maybe part of the Trump strategy. Sell the ever loving shit out of all of our oil and become Saudi-level rich. Then, pay off all debts, and then go back to the good old budget days.
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Here’s a curveball. Maybe part of the Trump strategy. Sell the ever loving shit out of all of our oil and become Saudi-level rich. Then, pay off all debts, and then go back to the good old budget days.
wrote on 20 Feb 2025, 00:12 last edited by@89th said in Coupon-clipping while Ferrari shopping:
Here’s a curveball. Maybe part of the Trump strategy. Sell the ever loving shit out of all of our oil and become Saudi-level rich. Then, pay off all debts, and then go back to the good old budget days.
I think all of this is really about prepping for a marginal tariff. Say 2-3% across the board.
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@89th said in Coupon-clipping while Ferrari shopping:
Here’s a curveball. Maybe part of the Trump strategy. Sell the ever loving shit out of all of our oil and become Saudi-level rich. Then, pay off all debts, and then go back to the good old budget days.
I think all of this is really about prepping for a marginal tariff. Say 2-3% across the board.
wrote on 20 Feb 2025, 01:08 last edited by@LuFins-Dad said in Coupon-clipping while Ferrari shopping:
I think all of this is really about prepping for a marginal tariff. Say 2-3% across the board.
I am very curious about your thought process here, like, how you get to this from whatever happened before.
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@Axtremus said in Coupon-clipping while Ferrari shopping:
The GOP really suck at national debt reduction.
Looking at the results over 40 years? Yeah. They’ve done pretty well on revenue generation, though.
wrote on 20 Feb 2025, 01:11 last edited by@LuFins-Dad said in Coupon-clipping while Ferrari shopping:
@Axtremus said in Coupon-clipping while Ferrari shopping:
The GOP really suck at national debt reduction.
Looking at the results over 40 years? Yeah. They’ve done pretty well on revenue generation, though.
You'd think with all the revenue they should be able to reduce the deficit, but no ... they just keep adding more! They really suck at national debt reduction.
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wrote on 9 Apr 2025, 23:14 last edited by
On House GOP's new budget proposal:
Basically the new proposal will allow more spending increase, bigger tax cuts, bigger raise of debt limit, and requires almost no spending cut.
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wrote on 10 Apr 2025, 01:55 last edited by
Insert eyeroll here…
I mean, holy crap, Ax! This is huge! Spread the word! Please go to Bluesky and share this post! We need you to spread the news far and wide!
