The economy

[baltimorened]

My post was in response to Piggy's assertion that the economy is on fire and at democrats should not run on it. That is not true in any way shape or form. The polls from Real Clear Politics show that Americans are not satisfied to the job Trump is doing with the economy. He's at the top of the heap so he gets the blame.

democrats for sure will run on the economy...key word is affordability...although there is little a Democrat controlled Congress can do about it. So they'll blame trump and republicans for high prices, win one, maybe both chambers.

Then for 2028, affordability will be an issue, still. Republicans will run on the fact that democrats promised to reduce prices..they "lied", to coin a phrase used to describe Trumps similar promise in 2024...and the circle will continue..

Historically overall prices don't retreat to previous levels after periods of inflation...I doubt if this time will be different

 

[Scrubby]

Putting money back into the pockets of Citizens.

Democrats are furious about this

 

[Dadar]

With Trumps inflation we get record corporate profits and growth.

What did we get for Democrat inflation? DEI? What else?

Put record debt under the Trump list.

 

[fatpiggy]

Put record debt under the Trump list.

Definitely spends too much money.


I have a hard time squaring the people who had no appetite for DoGe but are in here complaining about spending.

But yes Trump spends too much.

 

[Dadar]

Federal Debt: Total Public Debt

Graph and download economic data for Federal Debt: Total Public Debt (GFDEBTN) from Q1 1966 to Q1 2026 about public, debt, federal, government, and USA.

fred.stlouisfed.org

 

[Dadar]

Definitely spends too much money.


I have a hard time squaring the people who had no appetite for DoGe but are in here complaining about spending.

But yes Trump spends too much.

The gross U.S. national debt is approximately $295,494 per household (about $116,480 per individual), calculated by dividing the total federal debt by the number of households nationwide. [1, 2]
In contrast, actual consumer household debt—what individual families owe on mortgages, auto loans, and credit cards—averages around $18.8 trillion total nationally.

 

[fskillet]

Definitely spends too much money.


I have a hard time squaring the people who had no appetite for DoGe but are in here complaining about spending.

But yes Trump spends too much.

I don’t know anyone who doesn’t support the goal of DOGE, just the haphazard manner in which it was implemented.

you know that though, you’re just trolling

 

[Dadar]

With Trumps inflation we get record corporate profits and growth.

What did we get for Democrat inflation? DEI? What else?

Going back to debt, how much of these profits are from the other column? I believe this is a big question in the ai area in particular. All of these military actions will boost corporate profits paid out from tax payers increasing national debt............

You are leaving out some rather important information

 

[Dadar]

Doing a tally on the avenues being taken spending the public's money is beyond comprehension and they seem to increase daily.

 

[fatpiggy]

I don’t know anyone who doesn’t support the goal of DOGE, just the haphazard manner in which it was implemented.

you know that though, you’re just trolling

“We don’t like the way in which it was implemented” is a cute way of saying no one supported it.

There is no right way to take away people’s free cheese. Doge, was THE opportunity.

Now, instead, you get hyper scaling to try and grow our way out.


We all agree that’s what just happened right?

 

[fatpiggy]

Doing a tally on the avenues being taken spending the public's money is beyond comprehension and they seem to increase daily.

I, for one, welcome our new fiscally concerned leftist friends.

 

[Dadar]

Ref FERC

Critical Implementation Timeline
The regulatory deadlines are compressed, moving the power sector at an unprecedented pace: [1, 2, 3]

• July 20, 2026 (Passed): Grid operators submitted Resource Adequacy reports proving how they will secure enough raw generation to support these 50+ MW loads.
• August 17, 2026 (Upcoming): The formal 60-day deadline for all six grid operators to submit their final tariff overhauls or legal defenses to FERC.
• December 31, 2026: Deadline for NERC to submit formal, mandatory reliability and registry standards specifically tailored to managing large computational loads on the bulk power system. [1, 2, 3, 4]

 

[TigerGrowls]

 

[Dadar]

I, for one, welcome our new fiscally concerned leftist friends.

I like Buffet's solution,

Warren Buffett’s famous solution to the national debt and budget deficit is to pass a law making all sitting members of Congress ineligible for re-election anytime the federal deficit exceeds 3% of Gross Domestic Product (GDP). [1, 2]
First proposed during a 2011 interview with CNBC, Buffett famously quipped that he could "end the deficit in five minutes" with this single rule change. [1, 2, 3]

 

[TigerGrowls]

 

[Dadar]

• The Paradox: Congress is highly unlikely to ever vote to strip themselves of power or pass a law that could lead to their own mass termination. [1, 2]

• Constitutional Hurdles: Legally, implementing such a restriction would likely require a Constitutional Amendment, bypassing Congress through a two-thirds vote of state legislatures. [1]

• The Modern Deficit Gap: The U.S. national debt has surged past $39 trillion, with the deficit tracking at roughly 5.8% of GDP. Under Buffett’s exact rule, nearly every single current member of Congress would be disqualified from running for office again

 

[fatpiggy]

• The Paradox: Congress is highly unlikely to ever vote to strip themselves of power or pass a law that could lead to their own mass termination. [1, 2]

• Constitutional Hurdles: Legally, implementing such a restriction would likely require a Constitutional Amendment, bypassing Congress through a two-thirds vote of state legislatures. [1]

• The Modern Deficit Gap: The U.S. national debt has surged past $39 trillion, with the deficit tracking at roughly 5.8% of GDP. Under Buffett’s exact rule, nearly every single current member of Congress would be disqualified from running for office again

We have no choice but to grow our way out.

Not saying this guys opinion means anything, but I agree with his sentiment.

Next 3-5 years I think we see outsize returns

 

[Dadar]

Putting money back into the pockets of Citizens.

Long Oct gold. At this price it is worth delivery

To take physical delivery of CME Group COMEX gold futures, you must maintain a long position in a deliverable contract (such as the standard 100-ounce GC contract) past the last trading day, ensure your broker supports physical settlement, have full payment ready for the final settlement price, and accept an electronic exchange warrant for metal stored in an approved depository. [1, 2, 3]

 

[Dadar]

We have no choice but to grow our way out.

Not saying this guys opinion means anything, but I agree with his sentiment.

Next 3-5 years I think we see outsize returns

You do know Tom Lee said we were going to have a big drop just several days ago, don't you?

 

[Dadar]

Long Oct gold. At this price it is worth delivery

To take physical delivery of CME Group COMEX gold futures, you must maintain a long position in a deliverable contract (such as the standard 100-ounce GC contract) past the last trading day, ensure your broker supports physical settlement, have full payment ready for the final settlement price, and accept an electronic exchange warrant for metal stored in an approved depository. [1, 2, 3]

And if it goes lower, I will buy more and go the delivery route

 

[Dadar]

We have no choice but to grow our way out.

Not saying this guys opinion means anything, but I agree with his sentiment.

Next 3-5 years I think we see outsize returns

It takes a lot to believe this intersection of government, corporate and public debt is going to magically resolve anytime soon through growth. If we have not yet crossed the event horizon, we are unknowingly being pulled into it.

 

[dpic73]

 

[Palmerhawk]

I'm

 

[Dadar]

I'm

Me too

 

[dpic73]

 

[Dadar]

Just FWIW

I use the term event horizon a lot, especially with the forces of debt. The best model I can correlate it to is a black hole in space.

The event horizon of a black hole is the physical boundary or "point of no return" where the gravitational pull becomes so strong that nothing—not even light—can escape. Once an object or particle crosses this threshold, its escape velocity exceeds the speed of light, trapping it forever inside the black hole