Trump 2.0 official thread

[antiterror13]

Problem is yes it cost more than a penny is worth to produce pennies but it’s even more expensive to produce nickels which more will have to be made because of it.

It always comes back to everything the US makes costs more for Americans to do.

Probably cheaper than a penny if it were made in China

 

[luminary]

Plastic straws are now mandatory. By executive order.

 

[siegecrossbow]

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You don’t need college or even high school education to pick cabbages.

 

[tygyg1111]

Canadians are too blindsided to deal with Trump. Their first kneejerk reaction is to hitch their economy onto the EU. They try ignore China being the 2nd biggest economy. Which is exactly why Canada economy is an outright failure. Everyone trades with China. Even the Americans and Europeans but the Canadians are pretending that the Chinese don’t have the 2nd largest economy.

they know the conditions are not there yet

 

[FriedButter]

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Trump to sign order to potentially toss entire agencies — while reducing federal work force to ‘essential’ jobs only​

WASHINGTON — President Trump is set to sign an order Tuesday instructing the Department of Government Efficiency to potentially toss entire federal agencies — and hire only one federal worker to replace every four who leave.

DOGE will ask agency heads to coordinate with the team being lead by Elon Musk and “shrink the size of the federal workforce and limit hiring to essential positions,” according to a fact sheet on the executive order obtained by The Post.

Entire agencies and part of agencies may be eliminated because their functions aren’t required by law, says the readout, first obtained by Semafor.

Personnel relating to national security, public safety, law enforcement and immigration enforcement are exempt from the order.

Trump implemented a hiring freeze as soon as he took office Jan. 20 on all civilian federal jobs and instructed DOGE and the director of the Office of Management and Budget to come up with a plan in 90 days to reduce the size of the government.

Upon the expiration of that job freeze, the fact sheet states, “Agencies will be able to hire no more than one employee for every four employees that depart from federal service (with appropriate immigration, law enforcement, and public safety exceptions).”

The president has spoken about reducing the size of government to lower federal spending and debt, as well as the overall regulatory reach of the executive branch.

There are currently more than 400 agencies and sub-agencies in the federal government, the fact sheet said, noting that the sheer amount of federal workers led to $300 billion in salary spending in 2022, excluding pensions.

Trump has already gutted the US Agency for International Development (USAID) and directed federal workers to return to work in person and agencies to give buyouts to many federal employees.

Entire agencies and part of agencies may be eliminated because their functions aren’t required by law

“Agencies will be able to hire no more than one employee for every four employees that depart from federal service

 

[SlothmanAllen]

You know what is crazy, if you actually look at federal spending you can cut entire agencies and still not balance the budget. You could cut the entire Department of Defense and still not have a balanced budget! I am not sure what it will take, but if you are serious about balancing the federal budget in the US it would take some serious reform.

Also, the things that DOGE and MAGA Republican's are cutting or thinking about cutting are things like education and health care related funding. Things absolutely essential to building a modern, competitive high technology economy.

 

[antwerpery]

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U.S. President Donald Trump on Sunday said his administration was examining U.S. Treasury debt payments for possible fraud and suggested that the country's $36 trillion debt load might not be that high.
Speaking to reporters aboard Air Force One, Trump said administration officials who have been combing through payment records in an effort to identify wasteful spending have turned their attention to the debt payments that play a central role in the global financial system.

"We're even looking at Treasuries," Trump said. "There could be a problem - you've been reading about that, with Treasuries and that could be an interesting problem."
He added: "It could be that a lot of those things don't count. In other words, that some of that stuff that we're finding is very fraudulent, therefore maybe we have less debt than we thought."
It was not clear whether Trump was referring to debt service or other government payments made by the Treasury Department.

The United States currently has $36.2 trillion public debt outstanding, according to the U.S. Treasury, equal to more than 120% of GDP. Because the U.S. government spends more money than it collects, Trump and his fellow Republicans who control Congress will have to authorize more borrowing sometime this year to avert a debt default that could have catastrophic consequences.

Out of all the stupid stuff that he has threatened, this might be the one that causes the most damage, even more so than his threats to invade Greenland and Canada. Who can trust the US financial system even again if refuse to pay up just because Trump or Elon doesn't like you?

 

[iewgnem]

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Out of all the stupid stuff that he has threatened, this might be the one that causes the most damage, even more so than his threats to invade Greenland and Canada. Who can trust the US financial system even again if refuse to pay up just because Trump or Elon doesn't like you?

The more practical side of this iswhats the point of selling anything to the US in USD if even the IOUs are worthless

 

[drowingfish]

You know what is crazy, if you actually look at federal spending you can cut entire agencies and still not balance the budget. You could cut the entire Department of Defense and still not have a balanced budget! I am not sure what it will take, but if you are serious about balancing the federal budget in the US it would take some serious reform.

Also, the things that DOGE and MAGA Republican's are cutting or thinking about cutting are things like education and health care related funding. Things absolutely essential to building a modern, competitive high technology economy.

past experience also shows that whenever you cut personnel/budget, you end up spending even more to fix all the problems created by those cuts.

 

[tygyg1111]

You know what is crazy, if you actually look at federal spending you can cut entire agencies and still not balance the budget. You could cut the entire Department of Defense and still not have a balanced budget! I am not sure what it will take, but if you are serious about balancing the federal budget in the US it would take some serious reform.

Also, the things that DOGE and MAGA Republican's are cutting or thinking about cutting are things like education and health care related funding. Things absolutely essential to building a modern, competitive high technology economy.

They should cut everything and just sell fentanyl / launch crypto coins for a couple of year to balance the budget.