The_barBEARian said:whiterock said:The_barBEARian said:whiterock said:J.R. said:whiterock said:Jack Bauer said:
Wait. The Trump administration was bragging about 5-7% GDP and now we are excited it "jumped" to 2%??
2% was 2nd QTR; +5% was 3rd qtr.
If you will recall, I told you this would happen. All that trade deal investment money is starting to hit the GDP numbers. It should sustain for the next 24-36 months.
It's a radical change of business model. No longer are we trying to stimulate the economy by engaging in deficit spending g to stimulate consumption. We are instead growing consumption by growing employment. Latter is sustainable. Former is not.
But it is big change and people are typically afraid of change.
huh? Deficit spending stopped is not factual. You seen the debt added via Piggy?
Fiscal Year (FY) 2026 ended yesterday. Although official figures have not yet been released, our preliminary estimates show high and rising deficits and debt. For FY 2026, we estimate:At $2.0 trillion, we estimate budget deficits were about $210 billion above FY 2025 levels, $135 billion above the Congressional Budget Office's (CBO) February projections, and about $305 billion higher than what the Council of Economic Advisers had projected.
- A budget deficit of $2.0 trillion, or 6.2% of Gross Domestic Product (GDP).
- Debt held by the public of $32.3 trillion, or 100% of GDP.
- Spending of $7.4 trillion, or 22.9% of GDP.
- Revenue of $5.4 trillion, or 16.7% of GDP.
- Interest costs of $1.1 trillion, a record 3.4% of GDP.
- Interest was the second largest line item in the budget, costing more than defense or Medicare.
C + I + G + T = GDP
I didn't make a claim about stopping deficit spending. I pointed out the plain and well-known macroeconomic impact of using investment rather than government spending to drive GDP growth.
But since you mentioned it, this admin (Bessent in particular) has been quite direct about their plan to deal with the deficit: hold govt spending (G) steady and grow the economy (via I) to reduce the deficit as a percentage of GDP. Thus far, they're doing EXACTLY that - holding the deficit steady while accelerating GDP growth (via trade deal investments) at more than 2x historical rates.
We can't just cut a $1.9T deficit to zero in a budget cycle. It would cause the most harmful recession in our history, dwarfing the Great Depression of the 1930s. Because, you see, government spending is part of the GDP equation. Every single dollar cut to govt spending cut lowers top-line GDP numbers. That's why admins of both parties have been so reluctant to actually cut spending - the political costs of budget cuts dwarf the political costs of deficits. Within that fiscal burrito is another politically destabilizing reality: entitlements spending is 60% of our budget, so there is no pathway to rapid balancing of the budget without cutting Medicare, Medicaid, AND Social Security.
Why don't you lead by example and refuse to accept a Social Security check?
Your profilgate war for Israel demolished any hope of rolling back inflation and getting back to pre-Covid America
FLBear is a reflexive cynic. You're just plumb effin' stupid. I mean really….The Green Shoots of Trump’s Hamiltonian Economy
— James E. Thorne (@DrJStrategy) October 2, 2026
Scott Bessent warned from the beginning that Donald Trump’s economic program would take time to appear in the data. An economy conditioned to reward consumption over production, public borrowing over capital formation, and foreign… pic.twitter.com/fkyTGRpfpY
I might be, but I'm right about you destroying this country for Israel... whiterock, the white savior of the ME!
You're the one who's hyper-obsessed about the Middle East. I'm pointing out examples of success here, like this one in Ohio., which is directly derivative of admin policy.
This rollout seems well timed… https://t.co/n0TBYFNZRm
— The Reckoning 💥 (@sethjlevy) October 3, 2026
