Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Good, I hope we mop the floor with them.
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.
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.
Numbers are a variable science. Emotions are a fixed science.
Nope. Emotions are fickle, not fixed.
The alternative to the current situation would be a President Harris who would continue to borrow money until the U.S. couldn't afford to pay it back. 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.
Narrator: the rate of government spending has accelerated under Trump.
Cite? Seems like President Trump is trying to CUT government spending, but for some reason, Democrats won't allow this?
Oh do tell us how Democrats are not allowing this!
Lawfare. Undermining DOGE wherever they can. Lying about what is being cut to scre cheap political points.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Good, I hope we mop the floor with them.
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.
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.
Numbers are a variable science. Emotions are a fixed science.
Nope. Emotions are fickle, not fixed.
The alternative to the current situation would be a President Harris who would continue to borrow money until the U.S. couldn't afford to pay it back. 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.
Narrator: the rate of government spending has accelerated under Trump.
Cite? Seems like President Trump is trying to CUT government spending, but for some reason, Democrats won't allow this?
Oh do tell us how Democrats are not allowing this!
Lawfare. Undermining DOGE wherever they can. Lying about what is being cut to scre cheap political points.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Good, I hope we mop the floor with them.
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.
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.
Numbers are a variable science. Emotions are a fixed science.
Nope. Emotions are fickle, not fixed.
The alternative to the current situation would be a President Harris who would continue to borrow money until the U.S. couldn't afford to pay it back. 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.
Narrator: the rate of government spending has accelerated under Trump.
Cite? Seems like President Trump is trying to CUT government spending, but for some reason, Democrats won't allow this?
Oh do tell us how Democrats are not allowing this!
Lawfare. Undermining DOGE wherever they can. Lying about what is being cut to scre cheap political points.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Good, I hope we mop the floor with them.
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.
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.
Numbers are a variable science. Emotions are a fixed science.
Nope. Emotions are fickle, not fixed.
The alternative to the current situation would be a President Harris who would continue to borrow money until the U.S. couldn't afford to pay it back. 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.
Narrator: the rate of government spending has accelerated under Trump.
Cite? Seems like President Trump is trying to CUT government spending, but for some reason, Democrats won't allow this?
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.
+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.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Good, I hope we mop the floor with them.
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.
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.
Numbers are a variable science. Emotions are a fixed science.
Nope. Emotions are fickle, not fixed.
The alternative to the current situation would be a President Harris who would continue to borrow money until the U.S. couldn't afford to pay it back. 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.
Narrator: the rate of government spending has accelerated under Trump.
Cite? Seems like President Trump is trying to CUT government spending, but for some reason, Democrats won't allow this?
Oh do tell us how Democrats are not allowing this!
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Good, I hope we mop the floor with them.
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.
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.
Numbers are a variable science. Emotions are a fixed science.
Nope. Emotions are fickle, not fixed.
The alternative to the current situation would be a President Harris who would continue to borrow money until the U.S. couldn't afford to pay it back. 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.
Narrator: the rate of government spending has accelerated under Trump.
Cite? Seems like President Trump is trying to CUT government spending, but for some reason, Democrats won't allow this?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Good, I hope we mop the floor with them.
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.
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.
Numbers are a variable science. Emotions are a fixed science.
Nope. Emotions are fickle, not fixed.
The alternative to the current situation would be a President Harris who would continue to borrow money until the U.S. couldn't afford to pay it back. 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.
Narrator: the rate of government spending has accelerated under Trump.
Cite? Seems like President Trump is trying to CUT government spending, but for some reason, Democrats won't allow this?
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.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Good, I hope we mop the floor with them.
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.
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.
Numbers are a variable science. Emotions are a fixed science.
Nope. Emotions are fickle, not fixed.
The alternative to the current situation would be a President Harris who would continue to borrow money until the U.S. couldn't afford to pay it back. 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.
Narrator: the rate of government spending has accelerated under Trump.
Cite? Seems like President Trump is trying to CUT government spending, but for some reason, Democrats won't allow this?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Good, I hope we mop the floor with them.
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.
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.
Numbers are a variable science. Emotions are a fixed science.
Nope. Emotions are fickle, not fixed.
The alternative to the current situation would be a President Harris who would continue to borrow money until the U.S. couldn't afford to pay it back. 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.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Good, I hope we mop the floor with them.
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.
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.
Does it help if interest and mortgage rates are low if no one can afford to buy anything?
Yes, Goober, lower rates is an economic stimulant. Lower rates make it more possible for people to finance purchases. Geesh
I don’t care what the interest rate is. I’m not buying a new car if it costs 20-25% more. I’m just not. I’ve never received a pay increase that high and I will likely be laid off soon. Dh’s job is uncertain too. I’m not moving any time soon either.
Anonymous wrote:Anonymous wrote:That would be the CR under Biden, followed by the current CR which was largely a continuation of Biden's CR, plus some DOGE cuts. The 2nd quarter would have some more DOGE cuts, plus possibly a rescission package cut from the CR.Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Good, I hope we mop the floor with them.
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.
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.
Numbers are a variable science. Emotions are a fixed science.
Nope. Emotions are fickle, not fixed.
The alternative to the current situation would be a President Harris who would continue to borrow money until the U.S. couldn't afford to pay it back. 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.
Narrator: the rate of government spending has accelerated under Trump.
Cite? Seems like President Trump is trying to CUT government spending, but for some reason, Democrats won't allow this?
I put this in the economy thread a week ago. “Seems” is doing a lot of work in your sentence, and indeed in everything that Trump does.
Biden's CR? Really? who was running the House of Representatives when that CR was passed?
Anonymous wrote:That would be the CR under Biden, followed by the current CR which was largely a continuation of Biden's CR, plus some DOGE cuts. The 2nd quarter would have some more DOGE cuts, plus possibly a rescission package cut from the CR.Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Good, I hope we mop the floor with them.
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.
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.
Numbers are a variable science. Emotions are a fixed science.
Nope. Emotions are fickle, not fixed.
The alternative to the current situation would be a President Harris who would continue to borrow money until the U.S. couldn't afford to pay it back. 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.
Narrator: the rate of government spending has accelerated under Trump.
Cite? Seems like President Trump is trying to CUT government spending, but for some reason, Democrats won't allow this?
I put this in the economy thread a week ago. “Seems” is doing a lot of work in your sentence, and indeed in everything that Trump does.