How long till the economy collapses?

[Anonymous]

Oh forgot the $2 billion losses annually to farmers because US AID won’t be purchasing their surplus.

[Anonymous]

Anonymous wrote:The following are likely to have snowballing consequences, regardless of how many feds lose jobs:
(1) undermining of US dollar, such that other countries invest elsewhere and look for another default currency. Too much talk from this admin about defaulting on debt, deregulating FDIC, making the Fed Reserve no longer independent, and even switching to US Treasury to crypto.
(2) loss of markets abroad: boycotts will only grow with US threatening to annex Canada and selling out Ukraine.
(3) loss of jobs/spending due to grant cuts to states. Massive loss of jobs in education and research sectors. Those that depend on and benefit from Medicaid (including nurses and nursing homes) also gonna lose big time.
I don’t think everything will keep chugging along smoothly and only feds suffering job loss. The cuts are much deeper/wider than that.

Nailed it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The following are likely to have snowballing consequences, regardless of how many feds lose jobs:
(1) undermining of US dollar, such that other countries invest elsewhere and look for another default currency. Too much talk from this admin about defaulting on debt, deregulating FDIC, making the Fed Reserve no longer independent, and even switching to US Treasury to crypto.
(2) loss of markets abroad: boycotts will only grow with US threatening to annex Canada and selling out Ukraine.
(3) loss of jobs/spending due to grant cuts to states. Massive loss of jobs in education and research sectors. Those that depend on and benefit from Medicaid (including nurses and nursing homes) also gonna lose big time.
I don’t think everything will keep chugging along smoothly and only feds suffering job loss. The cuts are much deeper/wider than that.

Nailed it.

Plus snowballing effects from delayed federal spending- basic things like tax refunds. IRS is firing all probationary staff today- they are being told they can stay through May to get through filing season. How many will actually stay? What if a few thousand people were counting on their refunds in May for a car down payment, etc, etc? Car dealership slows down, lays off people, etc etc.

[Anonymous]

Anonymous wrote:It is not likley that the economy will collapse or even slow down in 2025. 2026 is possible. You do realize that almost nothing that Trump has announced will take effect.

Contractors have already been fired.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone who has lived through the collapse of a democracy or studied that topic is very worried. Are they crazy or just better informed than you about the signs that institutions are failing and power is being dangerously ceded to one man with authoritarian tendencies?

A lot depends on if the executive still follows the courts. The legislative branch has shown no signs of being a check. They’ve been verbally threatening not to follow court orders for a few days. Threatening judges. Project 2025 says ignore the court rulings and proceed with your policies.

Are we crazy for taking them at their word? Where do other people find the confidence to believe they wouldn’t actually do it?

Really something that reducing the size of the federal workforce and ending ridiculous spending by USAID = the end of democracy.

If this is so obvious, why won’t he just propose these cuts to congress so they can pass a law cutting them? Why does he insist on doing it illegally?

Because congress is absolutely worthless and they can’t legislate. I am absolutely furious that because of them we are in this situation. The goal of Trump has been stated, to remove $2 Trillion from our spending. To have our debt 3% of GDP. Paying down our debt will have a massive positive impact. Will it be easy? No, but we must get our fiscal house in order.

Please explain how giving Musk a $400M contract decreases the spending?

Please also explain how giving billionaires a $1 trillion tax cut helps the country or anyone beyond the billionaires?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone who has lived through the collapse of a democracy or studied that topic is very worried. Are they crazy or just better informed than you about the signs that institutions are failing and power is being dangerously ceded to one man with authoritarian tendencies?

A lot depends on if the executive still follows the courts. The legislative branch has shown no signs of being a check. They’ve been verbally threatening not to follow court orders for a few days. Threatening judges. Project 2025 says ignore the court rulings and proceed with your policies.

Are we crazy for taking them at their word? Where do other people find the confidence to believe they wouldn’t actually do it?

Really something that reducing the size of the federal workforce and ending ridiculous spending by USAID = the end of democracy.

If this is so obvious, why won’t he just propose these cuts to congress so they can pass a law cutting them? Why does he insist on doing it illegally?

Because congress is absolutely worthless and they can’t legislate. I am absolutely furious that because of them we are in this situation. The goal of Trump has been stated, to remove $2 Trillion from our spending. To have our debt 3% of GDP. Paying down our debt will have a massive positive impact. Will it be easy? No, but we must get our fiscal house in order.

Is it really 2025 and you still think Trump cares about the US debt?

Really?

He doesn't care. He wants to line his own pockets.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We've stopped vaccinating people in other countries like airplanes and boats don't exist.

We've stopped funding cancer research.

We are deporting our agricultural workers.

We are ignoring environmental catastrophe and getting rid of NOAA and FEMA.

We are alienating our allies.

All of these things have consequences. Life has been hard for all of humanity until the last 100 years and we have chosen to go back in time.

So tell me where you would cut $2 Trillion from? How do you suggest we get to a good budget situation? I don’t think you realize that we can’t continue on this trajectory.

First, I would follow the law.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We've stopped vaccinating people in other countries like airplanes and boats don't exist.

We've stopped funding cancer research.

We are deporting our agricultural workers.

We are ignoring environmental catastrophe and getting rid of NOAA and FEMA.

We are alienating our allies.

All of these things have consequences. Life has been hard for all of humanity until the last 100 years and we have chosen to go back in time.

So tell me where you would cut $2 Trillion from? How do you suggest we get to a good budget situation? I don’t think you realize that we can’t continue on this trajectory.

I can tell you that cutting 2 trillion is not gonna happen by cutting USAID or NOAA. They are small fries. Those two are just to benefit Musk or to get back at people for holding him accountable.

[Anonymous]

And you can’t simply cut our way to a healthy financial situation. In addition to decreasing spending we will need some increased taxes to generate more revenue. Get over the corp tax breaks and increase the rate for high earners (which will impact me and I’m ok paying)

[Anonymous]

Cutting all the CDC epidemiologists is a brilliant move - if we're all dead, Social Security won't go broke!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Anyone who has lived through the collapse of a democracy or studied that topic is very worried. Are they crazy or just better informed than you about the signs that institutions are failing and power is being dangerously ceded to one man with authoritarian tendencies?

A lot depends on if the executive still follows the courts. The legislative branch has shown no signs of being a check. They’ve been verbally threatening not to follow court orders for a few days. Threatening judges. Project 2025 says ignore the court rulings and proceed with your policies.

Are we crazy for taking them at their word? Where do other people find the confidence to believe they wouldn’t actually do it?

Really something that reducing the size of the federal workforce and ending ridiculous spending by USAID = the end of democracy.

If this is so obvious, why won’t he just propose these cuts to congress so they can pass a law cutting them? Why does he insist on doing it illegally?

Because congress is absolutely worthless and they can’t legislate. I am absolutely furious that because of them we are in this situation. The goal of Trump has been stated, to remove $2 Trillion from our spending. To have our debt 3% of GDP. Paying down our debt will have a massive positive impact. Will it be easy? No, but we must get our fiscal house in order.

Please explain how giving Musk a $400M contract decreases the spending?

Please also explain how giving billionaires a $1 trillion tax cut helps the country or anyone beyond the billionaires?

That $400 million for DouchePanzers is just pocket change. What about all the contacts for SpaceX and Starlink. We’re talking billions of dollars. And going to Mars is going to require so much more, not to mention the tax cuts for the crony class. Income inequality was worse than prior to the French Revolution before this mess.
How long before an army of Luigis appear?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We've stopped vaccinating people in other countries like airplanes and boats don't exist.

We've stopped funding cancer research.

We are deporting our agricultural workers.

We are ignoring environmental catastrophe and getting rid of NOAA and FEMA.

We are alienating our allies.

All of these things have consequences. Life has been hard for all of humanity until the last 100 years and we have chosen to go back in time.

So tell me where you would cut $2 Trillion from? How do you suggest we get to a good budget situation? I don’t think you realize that we can’t continue on this trajectory.

First, I would follow the law.

Thank you.

For example, I don't have a problem with getting rid of the penny. I do however have a major problem with doing so via a toilet seat tweet by the President.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:LOL ! This thread asks "How long till the economy collapses ?" --in an attempt to blame the new administration. Wake up folks. The USA has a national debt approaching $40 million and is still engaging in annual budget deficit spending !!!

Time to stop playing politics and get down to the business of acting (spending & budgeting) like a responsible country. The world's problems are not our responsibility to solve.

Pro Tip: If you don't like the price of eggs,then don't buy eggs.

How much did deficit spending go down while the Republicans had total control of everything from 2017 to 2019? How much did they reduce the debt then?

Crickets. You'll never get an answer about this because it turns out it was never about the deficit, just like it isn't about the sanctity of the constitution. I never want to hear one word from a republican ever again about the debt or the rule of law.

+1. I switched from independent to democrat after J6 when I realized there were no republicans left to vote for and there are so few independents who run… 40% of the democratic platform is not really my jam, but the way that the republican party has embraced Trump and his lawlessness is something I can’t get behind and then all this preaching about the sanctity of life and America first only to take billions away from programs that help poor children and the disabled and add trillions to our national debt. It’s all so pathological. Let’s normalize sanity.

Totally agree. I wash Biden had served as the moderate he ran as rather than a feeble old man who largely let his progressive staff run things. The backlash to that is a main reason Trump got reelected.

I wish all the people nostalgic for the good old days who voted for Trump knew or could remember the things we had then. Biden was trying to get us to the version of "moderate" that existed before Reagan moved the line by dragging the country to the right:

Affordable higher education
Affordable meds
Pensions
Education that wasn't centered on standardized test scores
A less-terrible minimum wage
Functioning infrastructure

[Anonymous]

It won't be as bad as everyone thinks but it will not be how it's been the past few years which has been pretty damn good. Def a market turn for sure but how quickly and how far down we sink is totally unknown.

Realistically speaking, we won't know till next yr. We still don't know what else will develop and we don't know what the courts may or may not do to allow current decisions to stand. Remember, this admin's strategy is to put everything up and see what happens so it's impossible to know how things turn out - it'll just be chaos for a long time but the market u think is not going to just react chaotically, it can't.

[Anonymous]

Trump likes to be the best at everything and he's stupid, so he wants to top the Great Recession with the Greatest Recession.

Make Recession Great Again