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Reply to "Republicans are increasingly anxious about a midterms wipeout"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Good, I hope we mop the floor with them. [/quote] It’s not going well. Despite all the bluster from MAGA posters, the negative effects of Trump’s destruction of the federal government and our economy is starting to be felt. It’s only going to get worse as more people are told that the program or contract they relied on has been cut. Remember many thought it would be similar to Trump’s first term. The GOP will pay the price. As it should. As the governing party. [/quote] Interest rates, mortgage rates are coming down. .62% drop in ten year yield. Already the government is paying over a trillion dollars a year in interest. If rates hit 6% this will be over two trillion dollars a year on a debt that would be increasing by even more than that. The current paid rate is around 3% and will increase as debt rolls over. Getting rates from 4.79 to 4.17 is significant, and even more significant if it goes down to 3%, and thus stops the increase in interest payments.[/quote] Numbers are a variable science. Emotions are a fixed science. [/quote] Nope. Emotions are fickle, not fixed. The alternative to the current situation [b]would be a President Harris who would continue to borrow money until the U.S. couldn't afford to pay it back. [/b] The midterms are 1.5 years from now, and we're already seeing both sides capitulate a bit. Ontario has indicated it would lift its tariffs if the U.S. did the same, Israel has already lifted them, other countries are following suit. President Trump indicated he would be willing to negotiate on tariffs, now that he has the world's attention. Likewise, the stock market has experienced a well-needed pullback after being overvalued based on historical metrics.[/quote] Narrator: the rate of government spending has accelerated under Trump.[/quote] Cite? Seems like President Trump is trying to CUT government spending, but for some reason, Democrats won't allow this?[/quote] PP, stop making these clown posts. Republicans control all three branches of government, including both levels of the Legislative branch. This is all in the republicans. At this time, Democrats, much to their dismay, can’t prevent anything. [/quote] +1 The GOP wants to gut the IRS and at the same time cut taxes for the rich which would destabilize the economy... https://www.politico.com/live-updates/2025/04...anticipated-00271570 GOP tax cuts could be costlier than anticipated The numbers from the Joint Committee on Taxation add to Democrats’ talking points and could give GOP deficit hawks more heartburn. Democrats are wielding new official projections showing the price tag for extending Republicans’ expiring tax cuts could reach a bigger-than-expected $4.6 trillion. And if Republicans decide not to pay for any of that, it would mean an additional $871 billion in interest payments, bringing the all-in cost to $5.5 trillion.[/quote] Do these revenue estimates factor in the massive recession that we’re heading into? Recessions are traditionally not great for tax revenue.[/quote]
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