THE TRUMP 2024 THREAD

BadIdeaGuy

Keyboard Kenny
Staff member
part of that is supposed to happen after the budget is passed through recissions. it does not appear recissions have always gotten us the bang for our buck.

per grok:

Historically, rescissions have been used to reduce federal spending, though their frequency and impact vary. For example:

  • In 2018, the Trump administration proposed a $15.4 billion rescission package, targeting unspent funds from programs like the Children’s Health Insurance Program (CHIP) and other discretionary accounts. Congress passed a smaller $1.1 billion rescission, primarily affecting unobligated balances.
  • During the 1980s, the Reagan administration frequently used rescission proposals to curb spending, with varying success. Between 1981 and 1988, Reagan proposed over $40 billion in rescissions, though Congress approved only a portion, often due to political disagreements.
  • In the 1970s, after the 1974 Act was passed in response to President Nixon’s impoundment of funds, rescissions became a formalized tool to balance executive and congressional control over spending. From 1974 to 2005, Presidents proposed 1,178 rescissions totaling $76 billion, with Congress approving $25 billion (about 33%).
So we agree to a bad deal with the hope to renogiate later?

Spending needs to be frozen. It should be reduced, but the very minimum should be not to bleed out further.
 

newfie

Well-Known Member
Can't remember who said it but the other day some talking head said the political reality of making drastic cuts is it would be extremely unpopular with voters. My opinion here is if the Republicans take away too much too fast while giving big breaks to billionaires it will be used against them so they are walking a fine line here. They need for sure to make cuts but maybe it's best if it's year over year instead of all at once.
the problem is once it gets sucked up in the bureaucratic process results slow down to nothing
 

newfie

Well-Known Member
So we agree to a bad deal with the hope to renogiate later?
i was a fan of the musk chainsaw method . i think this baby will get bogged down in the DC reindeer games but we will see. some of the unknown variables with tariff and new investment might be able to overcome DC's love with spending. I dont know but its fascinating to watch them try to figure it out
Spending needs to be frozen. It should be reduced, but the very minimum should be not to bleed out further.
to me thats the best answer. the 2017 tax cuts actually raised more revenue but spending increased much more. If we had capped it back then we might have been able to come close to a balance by 2019 without doing anything else.
 

BadIdeaGuy

Keyboard Kenny
Staff member
i was a fan of the musk chainsaw method . i think this baby will get bogged down in the DC reindeer games but we will see. some of the unknown variables with tariff and new investment might be able to overcome DC's love with spending. I dont know but its fascinating to watch them try to figure it out

to me thats the best answer. the 2017 tax cuts actually raised more revenue but spending increased much more. If we had capped it back then we might have been able to come close to a balance by 2019 without doing anything else.
I promise I’m not a closet democrat.

I very much want to see this work out well.
Dudes got four years.
 

BigUnionGuy

Got the T-Shirt
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Thebrownblob

Well-Known Member
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