Potus ???

[Johnsond]

47 minutes ago, tree-fancier123 said:

^'keep most of their money'

instead of being taxed sensibly to pay for public services, too many tax cuts mean the government has to borrow more to keep functioning

And yes Trump is not doing it well if the tax cuts benefit people who are already well off. If people payed more tax the western world would not have 125% debt/gdp. 

Or they can do even more tax cuts and take the debt to Japan levels, 200% and more of GDP, wouldn't be at all surprised. Trump and all other popularity mechanisms don't care about future generations having to pay the interest coupons for their tax cut largess.

Or alternatively spend what they take already with a bit more restraint and a lot more sense. 

[tree-fancier123]

They can't spend what they take already if what they take is reduced by lower taxes, it's  either lower taxes and less spending, or lower taxes, the same spending and more debt

If Trumps efficiency drive works properly the US debt pile should reduce by the next election.

It really needs the efficiency drive AND no tax cuts if they want to stop wasting so much on interest payments.

 

 

[Steven P]

Unfortunately with his Big beautiful Bill that's passing through the system just now, there are cuts to services such as Medicare (usually used by the poorest) and some tax rises (prediction is anyone earning under $50k will see tax rises this year), but these cuts are offset by tax cuts (for the richest), with the predicted net difference being 3.6 trillion added to their national debt over 10 years.

 

I don't think you can have an efficiency drive and cut taxes simultaneously to reduce debts. What you can do is refinance and kick the debt to be repaid a few years in the future, long after your time in office is over and long enough for that generation to forget whose politics added to the debts in the first place.

 

I am sceptical though how much of the efficiency drive is creating efficiencies in the system and how much is a vindictive drive to cut that Trump doesn't like or has an argument with. That is not creating efficiency, they are government cuts.

[sime42]

[Johnsond]

56 minutes ago, Steven P said:

Unfortunately with his Big beautiful Bill that's passing through the system just now, there are cuts to services such as Medicare (usually used by the poorest) and some tax rises (prediction is anyone earning under $50k will see tax rises this year), but these cuts are offset by tax cuts (for the richest), with the predicted net difference being 3.6 trillion added to their national debt over 10 years.

 

I don't think you can have an efficiency drive and cut taxes simultaneously to reduce debts. What you can do is refinance and kick the debt to be repaid a few years in the future, long after your time in office is over and long enough for that generation to forget whose politics added to the debts in the first place.

 

I am sceptical though how much of the efficiency drive is creating efficiencies in the system and how much is a vindictive drive to cut that Trump doesn't like or has an argument with. That is not creating efficiency, they are government cuts.

This is based upon your extensive experience and knowledge of running a multi million pound/dollar business or just the musings of a bored anonymous government office worker? 

[GarethM]

7 minutes ago, Johnsond said:

This is based upon your extensive experience and knowledge of running a multi million pound/dollar business or just the musings of a bored anonymous government office worker? 

Gotta remember the Barnett formula, he's got more to piss up the wall than the rest of the UK.

[Steven P]

10 hours ago, Johnsond said:

This is based upon your extensive experience and knowledge of running a multi million pound/dollar business or just the musings of a bored anonymous government office worker? 

 

My comment was based on the extensive experience and knowledge of US analysists who have looked at the bill in detail, assessed the numbers and come to a conclusion. I don't think any of them were bored anonymous government office workers, I suspect that with all of Trumps U turns those analysists who work for the US government are living in busy and exciting times. Though I did read a few sources and they were all coming to the same conclusions, poorer get poorer, rich get richer, US debt gets larger.

[Steven P]

So the US had its Memorial day holiday yesterday, remembering the soldiers who died in the wars.

 

The Tool, Trumpy, Twatters: "Happy Memorial Day". Not sure it is the sentiment I would use in a day of remembrance, but it did make me wonder if he is actually aware of the real world. 

[Mike Hill]

20 minutes ago, Steven P said:

So the US had its Memorial day holiday yesterday, remembering the soldiers who died in the wars.

 

The Tool, Trumpy, Twatters: "Happy Memorial Day". Not sure it is the sentiment I would use in a day of remembrance, but it did make me wonder if he is actually aware of the real world. 

In reality Memorial day is largely a BBQ/ Family pizz up.

 

Well it was when I lived there anyhow.

 

It's not the solum day of reflection that it is in the UK or NZ 

[Johnsond]

2 hours ago, Steven P said:

 

My comment was based on the extensive experience and knowledge of US analysists who have looked at the bill in detail, assessed the numbers and come to a conclusion. I don't think any of them were bored anonymous government office workers, I suspect that with all of Trumps U turns those analysists who work for the US government are living in busy and exciting times. Though I did read a few sources and they were all coming to the same conclusions, poorer get poorer, rich get richer, US debt gets larger.

Get a life or possibly try and sort out your own area’s problems. 
You ever worked in the US or Europe SP ?

Maybe try local government or volunteer schemes, you seem to be in possession of a lot of the qualities required for such activities. 

Edited May 27 by Johnsond