A long term multi decade plan to reduce debt, increase the social security age, phase out pensions and reform the tax code would be the right thing to do. Done years ago and this wouldn't be necessary.
What you don’t realize is the fact that the current economic conditions are due to changes that took place over a year ago.
That can be said about most crises if people are honest and it is traditionally the sitting presidents burden to bear when it happens. Didn't like Biden much, but to claim he created the massive inflation brought on by free COVID money and restrictions put in place by the admin before him to deal with the crisis isn't correct either but all of his haters certainly did it. Boden made matters worse for sure, just like Trump is probably doing now, so by historical standards, it is Trump's to own whether people want him to or not.
I guess you meant to say “corrected” since you were off almost by a factor of 3. It’s exhausting that so many folks get caught up in the political rhetoric where they attempt to mix SS & Medicare in with the rest of the federal budget as those items are collected differently and separately. Everyone working pays 15.3% of every dollar earned up to $176K into SS & Medicare. I’d bet half of working Americans pay more in that verses Federal income taxes. SS & Medicare taxes are 36% of all taxes collected by the Federal government. Assuming your pie chart is close to accurate, then there’s a 3% shortfall there that needs to get balanced. There’s easily enough waste and illogical rules in those that if corrected would make up the 3%. Besides SS&M along with interest, everything else is discretionary.
www.bbc.com
I hope everyone likes spending 50% more for their blue jeans:
How Lesotho, South Africa, Nigeria and Kenya are hit by Donald Trump's tariffs
Only Chinese goods are facing higher US tariffs than exports from Lesotho, which will be charged at 50%.
And there was no financial reason for the stock to run up over $400 a share before the recent correction. Musk cozied up to Trump and got himself in the media spotlight. IMO, investors thought he would parlay that relationship to help his business. Due to his off putting personality in the media, the opposite has happened. When viewing Tesla from only their financials, the stock price has always seemed way too inflated IMO.
www.breitbart.com
