debut: 2/24/07
12,088 runs
Both Dems and Reps I am sure are concerned with the ballooning national debt (in the range of 35 trillion dollars), but neither party are keen on cutting federal spending. This right here is the crux of the matter.
While the Dems are up to their dirty tricks gaslighting their blind supporters (and the bandwagonist wanna bee's on the MB) by falsely claiming that Trump wants to cut Social Security, Medicare and Medicaid. This is absolutely untrue, especially regarding the first two. Medicaid however is being refined over a period of 10 years through stricter eligibility, in order to cut out the many who fraudulently benefit from handout.
The malady of welfare:
Initially well intentioned and in some instances meeting the original objectives, welfarism we know breeds fatalism, poverty and deviants when the undeserving partake. In my view welfare should be temporary, unless for the disabled and seniors. To delve deeper, is to go beyond the main issue at hand
Keynesian economics?
Elon is alarmed by the size of the national debt and is hell bent on seeing its reduction. Hence the vehement opposition toTrump's Big Beautiful Bill (BBB). He - Elon is a private citizen with personal interests whereas Trump has to care the the country as a whole. BBB has more than one objective as it stands. It needs be able to pass through congress and the senate firstly. Hence it was so designed (bearing in mind we said earlier that neither party wants to reduce government spending despite how necessary to reducethe national debt.
The bill contains massive border security spending, expenditure to modernize the ailing air traffic control system(which has become dire because of growing aviation disasters that seem to be growing more and more). Also therein is a proposed 1.5 trillion dollars reduction in government spending.
It has tax cuts on tips, overtime, tax relief for seniors and permanent extension of 2017 tax cuts.
Trump has been constantly cajoling chairman of the Federal Reserve to lower interest rates..
In light of all these I see Keynesian Economics at play. This economic theory posits that Aggregate Demand drives economic growth. Increase economic activity is followed by increase tax revenue. What then becomes of the national debt? Inevitable increase or the opportunity to service payments and hereby reduce? The in simple terms is the premise of this economic thought.
So this is done through government spending,lowering taxes (fiscal policy) and lowering interest rates (money policy).
This government spending as far as Trump is concerned is well worth it, to address the neglect by previous administrations and social decay brought about by the Dems.
Apparently Musk doesn't think government should throw money that they issues for the saking of mounting federal debt.
This is my attempt to explain intense disagreement between the two.
While the Dems are up to their dirty tricks gaslighting their blind supporters (and the bandwagonist wanna bee's on the MB) by falsely claiming that Trump wants to cut Social Security, Medicare and Medicaid. This is absolutely untrue, especially regarding the first two. Medicaid however is being refined over a period of 10 years through stricter eligibility, in order to cut out the many who fraudulently benefit from handout.
The malady of welfare:
Initially well intentioned and in some instances meeting the original objectives, welfarism we know breeds fatalism, poverty and deviants when the undeserving partake. In my view welfare should be temporary, unless for the disabled and seniors. To delve deeper, is to go beyond the main issue at hand
Keynesian economics?
Elon is alarmed by the size of the national debt and is hell bent on seeing its reduction. Hence the vehement opposition toTrump's Big Beautiful Bill (BBB). He - Elon is a private citizen with personal interests whereas Trump has to care the the country as a whole. BBB has more than one objective as it stands. It needs be able to pass through congress and the senate firstly. Hence it was so designed (bearing in mind we said earlier that neither party wants to reduce government spending despite how necessary to reducethe national debt.
The bill contains massive border security spending, expenditure to modernize the ailing air traffic control system(which has become dire because of growing aviation disasters that seem to be growing more and more). Also therein is a proposed 1.5 trillion dollars reduction in government spending.
It has tax cuts on tips, overtime, tax relief for seniors and permanent extension of 2017 tax cuts.
Trump has been constantly cajoling chairman of the Federal Reserve to lower interest rates..
In light of all these I see Keynesian Economics at play. This economic theory posits that Aggregate Demand drives economic growth. Increase economic activity is followed by increase tax revenue. What then becomes of the national debt? Inevitable increase or the opportunity to service payments and hereby reduce? The in simple terms is the premise of this economic thought.
So this is done through government spending,lowering taxes (fiscal policy) and lowering interest rates (money policy).
This government spending as far as Trump is concerned is well worth it, to address the neglect by previous administrations and social decay brought about by the Dems.
Apparently Musk doesn't think government should throw money that they issues for the saking of mounting federal debt.
This is my attempt to explain intense disagreement between the two.
- edited -