Off-Topic Stock Market & Crypto Discussion

[PanteraCanes]

So ... if Trump is elected agin in 2024, what can we expect? Spending wildly as was the case in his first term, or successfully cutting the budget in a truly meaningful way. He says he won't touch "entitlements," so my money would be on more of the same.

Unfortunately more deficit spending. Likely not as much as the current administration’s spending but still too much. The republican party leadership is horrible right now and needs a clearing out. Far too much uniparty in there.

 

[JD08]

So ... if Trump is elected agin in 2024, what can we expect? Spending wildly as was the case in his first term, or successfully cutting the budget in a truly meaningful way. He says he won't touch "entitlements," so my money would be on more of the same.

What wild spending was there? Trump and Biden both spent because of Covid. Prior to that, there was no wild spending.

 

[hotshot]

What wild spending was there? Trump and Biden both spent because of Covid. Prior to that, there was no wild spending.

View attachment 249809

I'll retract the word "wild." Although, to listen to the Freedom Caucus, any spending, given the debt, is pretty much that.

 

[JD08]

I'll retract the word "wild." Although, to listen to the Freedom Caucus, any spending, given the debt, is pretty much that.

It's higher than it should be, even with revenues increasing.

US Federal Budgetary Spending by Year – Polidiotic

www.polidiotic.com

 

[SpikeUM]

I would be nervous about Trump and the deficit, but I could also argue that the PPP and other INITIAL Covid spending in 2020 were needed. Subsequent spending by Trump and almost all spending by Biden (including all of the extra regulation) were not needed and fed inflation.

 

[SpikeUM]

Not one thing will be enough. We need revenue, cuts and downsizing, and it will take decades for such a staggering amount. But everything needs to be on the table and it must be bi-lateral with States and parties getting involved.

APPL took a beating, but will come back strong with AI…jmo

Dont just listen to the campaign rhetoric, look at the math. Could some taxes be raised? Sure, but 80-90% of the problem would need to be solved by spending cuts, admittedly some painful ones. Bill Ackman, who is as shrewd as they come, is shorting the 30 year T, that should tell you something.

 

[SpikeUM]

It's higher than it should be, even with revenues increasing.

View attachment 249814

US Federal Budgetary Spending by Year – Polidiotic

www.polidiotic.com

Zero reason why '21 forward shouldnt be at least back to 2019 levels

 

[mr.h]

Dont just listen to the campaign rhetoric, look at the math. Could some taxes be raised? Sure, but 80-90% of the problem would need to be solved by spending cuts, admittedly some painful ones. Bill Ackman, who is as shrewd as they come, is shorting the 30 year T, that should tell you something.

Simply put…both are needed. And if you don’t feel so, look at the disparity of income between the haves and have nots and the CEO’s and the worker bees.
BTW Trumps tax cuts end in 2025 and later, but the corporate tax cuts are Permanent.
Cutting the debt should be painful for everyone across the board.

 

[90scane]

There are many parts to this:

Raising taxes - sure it helps revenue (tax everyone at much higher rates including Cap Gains). The issue with cap gains, people will wait it out especially with Real Estate and other less liquid asset classes.

Cutting spending - this likely helps a bunch more BUT people will suffer. Less SS, less Medicare, less Medicaid, maybe we cut Amtrak, maybe we cut tax credits, maybe we cut defense spending (what happens in Asia/Europe and does it really matter)

Increasing GDP - likely helps more than raising taxes and cutting spending but much harder to do. Best way- inflation with decreased spending thus GDP goes up and revenues YET overall government spending goes down.

Decreasing tax write-offs for companies and individuals. Talk about major shake-ups and tons of legal waste BUT it is likely needed on many fronts.

 

[mr.h]

There are many parts to this:

Raising taxes - sure it helps revenue (tax everyone at much higher rates including Cap Gains). The issue with cap gains, people will wait it out especially with Real Estate and other less liquid asset classes.

Cutting spending - this likely helps a bunch more BUT people will suffer. Less SS, less Medicare, less Medicaid, maybe we cut Amtrak, maybe we cut tax credits, maybe we cut defense spending (what happens in Asia/Europe and does it really matter)

Increasing GDP - likely helps more than raising taxes and cutting spending but much harder to do. Best way- inflation with decreased spending thus GDP goes up and revenues YET overall government spending goes down.

Decreasing tax write-offs for companies and individuals. Talk about major shake-ups and tons of legal waste BUT it is likely needed on many fronts.

Will any of this happen?…NO

BTW, the stock mkt had a nice comeback

 

[TheEye]

Unfortunately more deficit spending. Likely not as much as the current administration’s spending but still too much. The republican party leadership is horrible right now and needs a clearing out. Far too much uniparty in there.

What would Trump cut? Has he promised any cuts?

 

[90scane]

What would Trump cut? Has he promised any cuts?

The FBI, AG, and any department that went after him?

 

[SpikeUM]

Simply put…both are needed. And if you don’t feel so, look at the disparity of income between the haves and have nots and the CEO’s and the worker bees.
BTW Trumps tax cuts end in 2025 and later, but the corporate tax cuts are Permanent.
Cutting the debt should be painful for everyone across the board.

Sorry thats socialist dogma bull****. If we live in a meritocracy, then there are always going to be disparities in pay. I am perfectly happy paying Jamie Dimon and Tim Cook whatever they want to run their companies, and too bad they arent the country. I suspect you dont care that Tim Cook makes a lot of money.

Want the worker bees to make money? Forget getting all of the bull**** degrees and get a STEM degree.

 

[SpikeUM]

The FBI, AG, and any department that went after him?

We ultimately have to cut entitlements and defense, but we could start with going after fraudsters, cutting pork and eliminating a number of worthless government agencies, like Energy.

 

[JD08]

We ultimately have to cut entitlements and defense, but we could start with going after fraudsters, cutting pork and eliminating a number of worthless government agencies, like Energy.

Start here.

2023 Annual Report: Additional Opportunities to Reduce Fragmentation, Overlap, and Duplication and Achieve Billions of Dollars in Financial Benefits

Each year, GAO reports on federal programs with fragmented, overlapping, or duplicative goals or actions, and we have suggested hundreds of ways to...

www.gao.gov

 

[GladeCane]

Sorry thats socialist dogma bull****. If we live in a meritocracy, then there are always going to be disparities in pay. I am perfectly happy paying Jamie Dimon and Tim Cook whatever they want to run their companies, and too bad they arent the country. I suspect you dont care that Tim Cook makes a lot of money.

Want the worker bees to make money? Forget getting all of the bull**** degrees and get a STEM degree.

Preach on, brother!

 

[mr.h]

Sorry thats socialist dogma bull****. If we live in a meritocracy, then there are always going to be disparities in pay. I am perfectly happy paying Jamie Dimon and Tim Cook whatever they want to run their companies, and too bad they arent the country. I suspect you dont care that Tim Cook makes a lot of money.

Want the worker bees to make money? Forget getting all of the bull**** degrees and get a STEM degree.

Jamie Dimon’s excessive pay and stock ownership caused JPM to make risky bets and lose billions when the market tanked…
We bailed him out and he took a bonus and raised fees.The disparities in pay are getting wider. He thanks you for your support..His income is offensive and I’m not a socialist.
Meritocracy doesn’t work for women and minorities.

 

[hotshot]

What would Trump cut? Has he promised any cuts?

Seems like I've been hearing about Republicans eliminating two or three current Cabinet-level Departments for decades. Maybe it'll finally happen under Trump?? Dept of Education was one.

 

[hotshot]

We ultimately have to cut entitlements and defense, but we could start with going after fraudsters, cutting pork and eliminating a number of worthless government agencies, like Energy.

Hasn't Trump gone on record as saying Soc Security and Medicare are "safe" under him? Or, did I mishear?

 

[SpikeUM]

Hasn't Trump gone on record as saying Soc Security and Medicare are "safe" under him? Or, did I mishear?

He has said it, everyone has said it, so thats why thats likely to be the last budget items excised. Its why I wrote lets start with cutting out fraud, eliminating worthless departments, etc etc.