What will happen with spending under Trump?

[otherone]

Trump has already committed to: "I will provide record funding for our military"

With his tariffs, he'll need it. And his support among young men will ensure he'll have the bodies to back his tariffs. I don't foresee many pride flags on planes anymore.

 

[PAF]

[MENTION=33486]Voluntarist[/MENTION] can you link to that graph? I want to look a that site so that I can cross reference some stuff.

 

[Madison320]

[MENTION=33486]Voluntarist[/MENTION] can you link to that graph? I want to look a that site so that I can cross reference some stuff.

If the source is the COB you'll have to double, maybe triple the estimates. I don't know why people even quote them since they are historically on record as being so far off.

 

[Voluntarist]

[MENTION=33486]Voluntarist[/MENTION] can you link to that graph? I want to look a that site so that I can cross reference some stuff.

Sure thing; that's out of An Update to the Budget and Economic Outlook: 2024 to 2034 (dated June 2024) which was put out by the Congressional Budget Office. Search that document for the heading "The Budget Outlook, by Fiscal Year".

Elon Musk was advertising that he'd cut $2 trillion from the budget. But if you look at the discretionary spending for the years 2023, 2024 and 2025 in that chart, you'll see that he doesn't have any more than $1.832 trillion in discretionary spending in any of those years to cut from. So I'm guessing he's not really talking about cutting $2 trillion from a single year; and is instead going by the old standby of cutting $2 trillion from the budget over the next decade (with the bulk of the cuts being in years 8 through 10 - which, of course, we'll never see).

 

[PAF]

Sure thing; that's out of An Update to the Budget and Economic Outlook: 2024 to 2034 (dated June 2024) which was put out by the Congressional Budget Office. Search that document for the heading "The Budget Outlook, by Fiscal Year".

Elon Musk was advertising that he'd cut $2 trillion from the budget. But if you look at the discretionary spending for the years 2023, 2034 and 2035 in that chart, you'll see that he doesn't have any more than $1.832 trillion in discretionary spending in any of those years to cut from. So I'm guessing he's not really talking about cutting $2 trillion from a single year; and is instead going by the old standby of cutting $2 trillion from the budget over the next decade (with the bulk of the cuts being in years 8 through 10 - which, of course, we'll never see).

Thanks, that's what I typically reference.

 

[Swordsmyth]

With his tariffs, he'll need it. And his support among young men will ensure he'll have the bodies to back his tariffs. I don't foresee many pride flags on planes anymore.

Tariffs avoid wars, free trade causes them.

 

[Swordsmyth]

Trump will slash it to the bone, he's going to use Impoundment.

 

[PAF]

Trump will slash it to the bone, he's going to use Impoundment.

So that's why he wants to tax, fine and sue private donors to fund his nationalized American University? Got it

Next question is, how is he going to pay for his federally funded nationalized militarized LEO with immunity?

 

[Matt Collins]

Tariffs avoid wars, free trade causes them.

This statement is the height of economic and geopolitical ignorance.

 

[Swordsmyth]

This statement is the height of economic and geopolitical ignorance.

Nope.
Last time we had this argument I and the Texican produced copious historical proof.
None has ever been supplied for the opposite thesis.

 

[TheTexan]

This statement is the height of economic and geopolitical ignorance.

Pretty much every war that was ever fought had a root cause of "trade dependencies", but that's ok, keep your head buried in the sand LOL

 

[Matt Collins]

Trade wars lead to hot wars

 

[spudea]

Trade wars lead to hot wars

Name one. Dependency and entanglement with distant foreign lands for trade leads to dragging us into war. Self reliance and independence are the top bulwarks to avoiding war.

 

[Matt Collins]

Name one.

WWII for one and Cuba nearly got us nuked.

entanglement with distant foreign lands for trade leads to dragging us into war.

No, political entanglement is what gets us into wars. Not commerce.

Geeze, I cannot believe the level of economic ignorance being perpetrated around this place.

 

[spudea]

WWII for one and Cuba nearly got us nuked.

As if increased commerce with those countries would have changed anything. Completely ridiculous assertion.

 

[CCTelander]

WWII for one and Cuba nearly got us nuked.

No, political entanglement is what gets us into wars. Not commerce.

Geeze, I cannot believe the level of economic ignorance being perpetrated around this place.

“You must spread some Reputation around…”

 

[Matt Collins]

As if increased commerce with those countries would have changed anything. Completely ridiculous assertion.

Yes actually it would have. You don't know your history.

When the US government sanctioned Japan over oil and rubber, their government felt they had to do something. And when the US government cut off Cuban suage imports, Castro ran right to the Soviets to sell sugar. Yeah both were bad groups of people, but trade would have kept up relations at least. Same with China. The Chinese government is bad, but having commerce with their country helps prevent tensions from escalating. War is bad for business (usually).

 

[spudea]

Yes actually it would have. You don't know your history.

Your examples are complete embargos due to US empire ambitions. Not due to tariffs. Different things are different.

 

[Swordsmyth]

WWII for one and Cuba nearly got us nuked.

No, political entanglement is what gets us into wars. Not commerce.

Geeze, I cannot believe the level of economic ignorance being perpetrated around this place.

It was our trade dependencies with the British empire that got us into WWI and WWII, and Japan's trade dependency on us provided the spark for our entry into WWII.
Cuba wasn't about trade, it was about a missile base during the cold war, a cold war we fought because of our trade dependencies that were threatened by the communist empire.

Your historical ignorance is astounding.

 

[GlennwaldSnowdenAssanged]

Under Trump, this nation will experience the greatest spending cuts this country has ever seen. We are talking Trillions with a "T" in cuts. No president before has ever made the kinds of cuts and this is just the beginning! These cuts will be so big, they will be epic! They will be the biggest spending cuts the world has ever experienced. And, the growth will be huge.