We don't have the same issues that Argentina had so let's be honest here - a couple of multi-billionaires will be deciding how much someone's $1200 a month Social Security check will be cut to make room for their unnecessary tax cuts that will add trillions to the deficit. Don't leave that part out.
Grocery cost question
- Thread starter firegiver
- Start date
Seriously? You've made some intelligent and reasonable posts today, and then you post this? Be honest. There's more than one person posting on your account, correct?
You do know they've said they plan to cut 2.5 trillion from the budget, right? You could cut the entirety of dicretionary spending and still come up short, which will only leave entitlements. Do you understand?
They're not cutting Social Security period. Please answer the question. Is there more than one person posting on your account?
Explain how he'll do it please.
"Musk first outlined his highly aggressive target at a raucous campaign rally in New York last weekend, promising to identify “at least $2 trillion in cuts” as part of a formal review of federal agencies that he would conduct if Trump wins next week’s election.
But the audacious pledge, which drew rapt applause, belied a harsh fiscal reality: Slashing the budget that steeply would require decimating an array of government services, including food, health care and housing aid — and it could erode funding for programs that lawmakers in both parties say they want to protect, from defense to Social Security.
By Tuesday, Musk appeared to acknowledge the economic risks of his proposal. On X, the social media site he owns, the tech mogul agreed with another user’s post that argued his federal review — and other Trump policies — risked a “severe overreaction in the economy,” causing financial markets to “tumble” before the country’s fiscal standing later improves.
“Sounds about right,” Musk wrote in response.
In the 2024 fiscal year, the U.S. government spent more than $6.75 trillion, according to the Treasury Department. For Musk to reach his target, particularly in a single year, his review would need to find a way to eliminate about one-third of all federal spending.
The $2 trillion cut would be virtually impossible to achieve, unless Musk extracts savings in areas long considered sacrosanct in Washington, including spending on the military and benefit programs like Social Security.
Elon Musk Wants to Pay for His Tax Cuts With Your Social Security and Medicare
The point of Musk and Vivek Ramaswamy’s DOGE is to cut entitlement programs so Trump can give tax cuts to the ultra-wealthy and corporations
Surely you know posting other liberals' opinions and their attempts of analytical reasoning is proof of nothing. Opinion pieces like you posted is just fear mongering. Doge is going to make a lot of cuts. How much they will save, no one knows. They will not cut Social Security. That is my opinion, just like its your opinion of the contrary.Explain how he'll do it please.
"Musk first outlined his highly aggressive target at a raucous campaign rally in New York last weekend, promising to identify “at least $2 trillion in cuts” as part of a formal review of federal agencies that he would conduct if Trump wins next week’s election.
But the audacious pledge, which drew rapt applause, belied a harsh fiscal reality: Slashing the budget that steeply would require decimating an array of government services, including food, health care and housing aid — and it could erode funding for programs that lawmakers in both parties say they want to protect, from defense to Social Security.
By Tuesday, Musk appeared to acknowledge the economic risks of his proposal. On X, the social media site he owns, the tech mogul agreed with another user’s post that argued his federal review — and other Trump policies — risked a “severe overreaction in the economy,” causing financial markets to “tumble” before the country’s fiscal standing later improves.
“Sounds about right,” Musk wrote in response.
In the 2024 fiscal year, the U.S. government spent more than $6.75 trillion, according to the Treasury Department. For Musk to reach his target, particularly in a single year, his review would need to find a way to eliminate about one-third of all federal spending.
The $2 trillion cut would be virtually impossible to achieve, unless Musk extracts savings in areas long considered sacrosanct in Washington, including spending on the military and benefit programs like Social Security.
Elon Musk Wants to Pay for His Tax Cuts With Your Social Security and Medicare
The point of Musk and Vivek Ramaswamy’s DOGE is to cut entitlement programs so Trump can give tax cuts to the ultra-wealthy and corporationswww.yahoo.com
Their plan is undoubtedly extensive, incomplete and ever evolving. Yet you want me to tell you how they plan to do it? Dude. You're smarter than that. Specifically, what they plan to do or not do cannot be stated as fact. My opinion: I firmly 100% believe they will not touch SS.
Fine, if we're only talking about your opinion that's one thing, but I'm saying there is no way to cut that much from the budget without including entitlements - period. So either they will or they lied about what they would do. Specious billionaire tech-bros gonna billionaire tech-bro I suppose.
So if they are unsuccessful in this herculean task in reaching their preliminary stated goal they are shooting for, while battling rinos and dems lawfare at ever turn, they lied? Agree to disagree.
I just ask that someone on the MAGA team actually has a plan. It's so weird to me that you guys don't ask them "How?". Particularly after the incredible embarrassment that was "Repeal and Replace"
The real question for me is why they aren't demanding that the tax cuts for the rich be taken off the table - if they are serious about waste and fiscal responsibility.
Because I'm not your bitch and we're trying to stick to the subject of the thread, this is not about me.
Yeah, you're the one that I don't like. How many people are posting on that account? Put the other dpic73 on. The one who is more articulate, intelligent, and reasonable.
FTR, my goal is not to have you like me, which you never have, but you can ignore me and you won't have to worry about what i say.
I hate to break the news to you buddy, but the other poster on this dpic73 account likes me, and I like him. Jealous?
lol at little dpic telling Elon and Vivek what can and can’t be done.
You don’t know Elon very well. Go ahead and tell him he can’t do something.
You are aware that he shots rockets the size of buildings around the earth and then catches them with a pair of chopsticks, correct?
Save your worries epic. Sit down, relax, and enjoy the ride. We are in MUCH MUCH better hands than we were the last 4 years. Nothing could be worse than the ass clowns currently in charge.
B cause tax cuts for the rich aren’t the problem. Spending is the problem.
You could tax all the billionaires at 100% and it would barely make a dent in the problem.
This is how you know apending is the real
Problem and it’s not even close.
Drastic cuts incoming.
The country is going to change its direction 180 degrees over night. Just like the people demanded with Trumps sweeping mandate.
"Extending Trump Tax Cuts Would Add $4.6 Trillion to the Deficit, CBO Finds. Washington, D.C.—According to the latest report by the nonpartisan Congressional Budget Office (CBO)"
Extending Trump Tax Cuts Would Add $4.6 Trillion to the Deficit, CBO Finds | U.S. Senate Committee On The Budget
The Official U.S. Senate Committee On The Budget
www.budget.senate.gov
Dude - the problem is you keep quoting the same idiots in charge. They aren't in charge in any more. Their way will not be the way forward. They are irrelevant.
Here is a hint. Inflation went from 211% to 25% once the reforms were intiated in argentina. DOGE will be massively deflationary. It will be deflationary precisely because its going to cut gov spending. Throw all your old models out the window, if they are not revamped with new inputs they will be totally irrelevant.
The people voted to give Trump 4 years. You want answers while your guy is still in office. You had 12 of the last 16 years to **** it up, its going to take a while to fix it. Sit back, relax, and enjoy the ride.
Since Argentina initiated economic reforms under President Javier Milei, there have been significant shifts in the inflation rate. Here is a summary of the changes:
- Initial Impact: Upon taking office in December 2023, Argentina's annual inflation rate was extremely high at 211.4%, marking one of the highest levels since the early 1990s. Monthly inflation also hit 25.5% in December 2023, following a sharp devaluation of the peso by the new government.
https://apnews.com/article/argentin...mic-measures-68f27bf0473590fabb5b6c1aff80579f
https://www.reuters.com/markets/arg...-tops-211-highest-since-early-90s-2024-01-11/
https://www.bloomberg.com/news/arti...ion-hits-211-in-2023-fastest-in-three-decades - Subsequent Reductions: Over the course of 2024, the monthly inflation rate has seen a substantial decline. For instance, by November 2024, the monthly inflation rate dropped to 2.4%, the lowest since 2020. This indicates a significant improvement from the high inflation rates at the beginning of Milei's presidency.
- Annual Inflation: Despite the high initial rates, annual inflation for 2024 still remains elevated but has shown signs of improvement, with November 2024 recording an annual rate of 166%, which is a considerable decrease from the peak levels observed in 2023.
https://tradingeconomics.com/argentina/inflation-cpi - Economic Measures: These changes in inflation rates have been attributed to Milei's aggressive economic reforms, including fiscal austerity measures, aiming to reduce the fiscal deficit and control inflation. These reforms have included cutting public spending, deregulating the economy, and a significant devaluation of the peso.
https://www.economicsobservatory.com/what-economic-challenges-does-argentina-face-today - Public Impact: While these measures have started to show positive results in terms of inflation control, they have also led to significant short-term hardships for the public, with rising costs and a decrease in purchasing power, particularly affecting those living in poverty.
https://apnews.com/article/argentina-inflation-milei-single-digits-3cf0adca2cdf911fb04a06c3e9c6880d
The trajectory of inflation in Argentina under these reforms suggests a challenging path towards economic stabilization, with early signs of success in curbing the previously rampant inflation rates. However, the long-term effects and sustainability of these changes remain to be seen.
Not relevant to our situation - the ROI in the US is at a near normal rate of 2.47%
BUENOS AIRES, Argentina (AP) — Argentina’s poverty rate jumped from almost 42% to 53% during the first six months of Javier Milei’ s presidency, the statistics agency reported Thursday, a steep rise reflecting the pain of the country’s most intense austerity program in recent memory.
apnews.com
BUENOS AIRES, Argentina (AP) — Argentina’s poverty rate jumped from almost 42% to 53% during the first six months of Javier Milei’ s presidency, the statistics agency reported Thursday, a steep rise reflecting the pain of the country’s most intense austerity program in recent memory.
Argentina's poverty rate spikes in first 6 months of President Milei's shock therapy
The Argentinian government statistics agency says the official poverty rate in Argentina jumped to about 53% during the first six months of Javier Milei’s presidency.
apnews.com
Economics is a science. You must follow the science.
Economics does not only apply to poverty stricken countries.
Sorry Dpic, DOGE is going to be massively deflationary. Due to the deflationary pressure from DOGE, the prices of groceries will experience disinflation.
Im so glad we can get this down in writing now. We can add it to the long list of things in your post history that you have been wrong about. Which is basically everything.
Economics does not only apply to poverty stricken countries.
Sorry Dpic, DOGE is going to be massively deflationary. Due to the deflationary pressure from DOGE, the prices of groceries will experience disinflation.
Im so glad we can get this down in writing now. We can add it to the long list of things in your post history that you have been wrong about. Which is basically everything.
Do you think Trump’s tax cuts only lowered taxes for the “rich?” Be honest.
And what is “rich?”
The unnecessary tax cuts were definitely skewed to the rich, particularly the top 1%, no question
The exraordinarily rich will benefit even more in his next administration.
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Tax cuts for the rich are not a bad thing.
Why do democrats demonize billionaires?
Why do democrats demonize billionaires?
