home bbs files messages ]

Forums before death by AOL, social media and spammers... "We can't have nice things"

   alt.politics.economics      "Its the economy, stupid"      345,379 messages   

[   << oldest   |   < older   |   list   |   newer >   |   newest >>   ]

   Message 345,238 of 345,379   
   Leroy N. Soetoro to All   
   Bessent Details Amazing Numbers on Econo   
   27 Jul 25 03:23:42   
   
   XPost: alt.politics.trump, alt.politics.republicans, talk.politics.misc   
   XPost: talk.politics.guns, sac.politics   
   From: leroysoetoro@americans-first.com   
      
   https://redstate.com/nick-arama/2025/07/25/trump-floats-idea-of-rebate-   
   n2192085   
      
   President Donald Trump has truly flipped the script on the Democrat/media   
   narrative that tariffs were going to hike inflation and kill the economy   
      
   Instead, inflation is under control and running lower than expectations,   
   the stock market has hit record highs, and we have a surplus from the   
   money coming in from tariffs.   
      
   We went from the economic mess that Joe Biden was to economic competence.   
   Listen as Treasury Secretary Scott Bessent explains what they have been   
   able to achieve in just a short six months. He said so far they've taken   
   in nearly $100 billion, and he thinks they may take in $300 billion by the   
   end of the year.   
      
      
   Bessent said that was a big number. Even though he has issues with the   
   Congressional Budget Office (CBO), he notes that they said that it could   
   result in $2.8 trillion in tariff revenue over ten years.   
      
   They even managed to take in a $27 billion surplus last month.   
      
      
   READ MORE: Big: Treasury Posts Unexpected Surplus for June, Thanks to   
   Tariffs   
      
   Bessent said it wasn't only tariffs, but also that they brought down   
   expenses. That's a big change as well.   
      
   Now, Trump is teasing something else that has people talking: the   
   possibility of a rebate.   
      
      
   A reporter asked him a question about a rebate. Trump then revealed they   
   were considering it. “We're thinking about that," he said, because they   
   had so much money coming in. "But the big thing we want to do is pay down   
   debt."   
      
   "Because we have so much money coming in from tariffs. A little rebate for   
   people of a certain income level might be very nice."   
      
   Now, caution, I'm already seeing folks run off to the races on this. He   
   said they're "thinking" about it; he is not promising or planning it at   
   this point. And he's making it very clear that paying down the debt is the   
   priority.   
      
   Now I like the thought behind it, if it applies to everyone who paid in,   
   even if it's just a token rebate. But yes, the priority is the debt. He's   
   showing he thinks the American people are shareholders — they're the ones   
   paying to keep the government afloat. I like the fact that he recognizes   
   that. Democrats seem to think we are only there to pay in so they can make   
   government bigger to keep the bureaucratic state permanently afloat. I   
   think it should be everyone who paid in gets the same amount, or maybe   
   based on how much they paid in.   
      
   But the remarkable thing is being able to have the discussion, when under   
   Biden, our discussions were how to deal with the rising prices. As I noted   
   in an earlier story, the narrative against the Trump economy now seems to   
   be failing.   
      
   READ MORE: New Polling Shows Great News for GOP, Bad News for Dems That   
   Will Bring a Lot of Liberal Tears   
      
   That's how much they have already changed the landscape.   
      
      
   --   
   November 5, 2024 - Congratulations President Donald Trump.  We look   
   forward to America being great again.   
      
   We live in a time where intelligent people are being silenced so that   
   stupid people won't be offended.   
      
   Every day is an IQ test. Some pass, some, not so much.   
      
   Thank you for cleaning up the disasters of the 2008-2017, 2020-2024 Obama   
   / Biden / Harris fiascos, President Trump.   
      
   Under Barack Obama's leadership, the United States of America became the   
   The World According To Garp.  Obama sold out heterosexuals for Hollywood   
   queer liberal democrat donors.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

[   << oldest   |   < older   |   list   |   newer >   |   newest >>   ]


(c) 1994,  bbs@darkrealms.ca