How long till the economy collapses?

[Anonymous]

Stagflation. Trump is the new Jimmy Carter.

[Anonymous]

Yeah, to think that his chaos in any way would benefit us peasants is dumb. Just look at the doge website, ELon yesterday with straight face said to go there to transparently se what is going on, lol.
Look at CPFB being gutted to stop overdraft regulations and medical debt being back on out credit reports and so on and on. We are cooked!

https://doge.gov/

[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 propose we don’t cut spending. I propose we tax billionaires more and raise the cap on Social Security. How about that?

[Anonymous]

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?

+1. This is unprecedented.

[Anonymous]

Anonymous wrote:DOGE is just theater - just a way for Musk and the billionaires to destroy the federal government.

It was never about reducing the deficit. Look at the House budget resolution the GOP is offering - a $4 TRILLION increase in debt limit.

Tax cuts would cost $4.5T over 10 years.

https://docs.house.gov/meetings/BU/BU00/20250213/117894/BILLS-119NAih.pdf

THIS. Pay attention people! We are getting fleeced.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don’t think the President, even this one, has that much to do with what the economy does.

1M+ Federal employees and all the contractors laid off will have an effect. This was an economy that was doing ok by most macroeconomic measures. Some tightening (cutting some weird provisions in the IRA) and trimming here and there, and he could have declared victory. This is going to be painful -- DC will be a company town that lost its main factory.

If that happens, then so be it. The US has a population of 340 million people. If 1 million people are laid off but life becomes drastically better for the other 339 million, that is a net benefit to society.

Horse-and-buggy operators did not do fare well following the invention of the automobile—that does not mean that it was a mistake to cease relying on them for transportation. The only difference is that Trump’s purge is likely to benefit us even more since the primary services that Feds currently provide us are grift and fraud to ensure they can continue to live in homes in North Arlington.

I appreciate a good analogy. But your horse and buggy one doesn’t fly. The horse and buggy operators weren’t all terminated or obsolete all at the same time. There was time for them to realize that they may need to look for a new job or a new way to make a living for their families. Flat out firing then of thousands of people all at once will not help the economy. The repercussions will take decades to repair.

This is true. I had an ancestors who manufactured horse carriages and they transitioned into mechanics and making car parts in the early 20th century. They were prosperous and able to move forward by investing and changing. They passed down the business to their children who pivoted at the right time.

[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.

I propose we don’t cut spending. I propose we tax billionaires more and raise the cap on Social Security. How about that?

+1

[Anonymous]

Anonymous wrote:

Anonymous wrote:If the economy didn't collapse when my groceries went up from 275/week to over 400, gas up, utilities bezerk, 40-year high inflation, then think it would take another black swan event like march 2020.

This is my thought too. If a global pandemic was but a blip in the economy (and made so many people crazy revenge spenders - that I will never understand) then I think we can survive this.

The next pandemic will be in a time of no support from the government. We won't have to wear masks though.

I really think people want chaos and drama. They don't want safety, security and good health. They want to cry and watch people die from diseases and say it was God's plan. They want to feel deep sadness. They want to feel more deeply than they do. They want a tearjerker story to bring to church. They want the ability to.have mobs, be violent and die for causes. They are bored with work and safety. They don't like peace, health and prosperity. They are very, very bored and life has more meaning when there is a lot of drama and sides to choose. They want a creedo and a rebellion. Things are too good for the bored and sated.

[Anonymous]

Chevron is now cutting 20 percent of its workers. An oil and gas company. Hope those red states enjoy all the winning to come.

[Anonymous]

Anonymous wrote:Stagflation. Trump is the new Jimmy Carter.

Trump is no Jimmy Carter, one of the most honorable Christians to ever serve in the White House.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Stagflation. Trump is the new Jimmy Carter.

Trump is no Jimmy Carter, one of the most honorable Christians to ever serve in the White House.

Not to mention that if we had followed the guidelines and path Jimmy Carter started us on regarding reducing energy usage we'd be in a much better place wrt climate change now.

[Anonymous]

Anonymous wrote:Stagflation. Trump is the new Jimmy Carter.

Don’t desecrate President Carter’s memory by mentioning Trump in the same sentence.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If the economy didn't collapse when my groceries went up from 275/week to over 400, gas up, utilities bezerk, 40-year high inflation, then think it would take another black swan event like march 2020.

This is my thought too. If a global pandemic was but a blip in the economy (and made so many people crazy revenge spenders - that I will never understand) then I think we can survive this.

The next pandemic will be in a time of no support from the government. We won't have to wear masks though.

Yup, if we have another covid-like event it’s going to be a mess. No masks or vaccines, probably even a ban on masks and vaccines in the crazier areas. No restrictions, just everyone out as normal. A think a few million deaths would be considered winning by right wingers though.

[Anonymous]

By the end of this year. Absolutely and predicted by all reputable sources.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If the economy didn't collapse when my groceries went up from 275/week to over 400, gas up, utilities bezerk, 40-year high inflation, then think it would take another black swan event like march 2020.

This is my thought too. If a global pandemic was but a blip in the economy (and made so many people crazy revenge spenders - that I will never understand) then I think we can survive this.

The next pandemic will be in a time of no support from the government. We won't have to wear masks though.

I really think people want chaos and drama. They don't want safety, security and good health. They want to cry and watch people die from diseases and say it was God's plan. They want to feel deep sadness. They want to feel more deeply than they do. They want a tearjerker story to bring to church. They want the ability to.have mobs, be violent and die for causes. They are bored with work and safety. They don't like peace, health and prosperity. They are very, very bored and life has more meaning when there is a lot of drama and sides to choose. They want a creedo and a rebellion. Things are too good for the bored and sated.

So interesting because I’m beginning to think this is the situation too. Well FAFO people.