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Inflation #9189768 02/20/25 07:46 PM
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TPACK Offline OP
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If Trump were to give back all taxpayers 5K from the money saved by DOGE wouldn`t that cause inflation just like the stimulus checks during Covid.

Re: Inflation [Re: TPACK] #9189774 02/20/25 07:51 PM
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Only about 50% of folks pay taxes correct? Are the checks going to everyone or just the folks that paid taxes?
I don't agree with any refunds. Either lower folks taxes or put it toward the national debt.


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Re: Inflation [Re: TPACK] #9189791 02/20/25 08:08 PM
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Originally Posted by TPACK
If Trump were to give back all taxpayers 5K from the money saved by DOGE wouldn`t that cause inflation just like the stimulus checks during Covid.

Maybe. I don't like the idea of some arbitrary number like 5000. How about returning a percentage of what you paid in? That way people who paid little or nothing will get little or nothing.


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Re: Inflation [Re: TPACK] #9189794 02/20/25 08:12 PM
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Originally Posted by TPACK
If Trump were to give back all taxpayers 5K from the money saved by DOGE wouldn`t that cause inflation just like the stimulus checks during Covid.

Possibly, but it's different than a stimulus. This money has been found and is being sent back to the tax payer and it's not just money being printed out of thin air to be sent out. confused2 but I'm no economist LOL.


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Re: Inflation [Re: Texan Til I Die] #9189845 02/20/25 09:20 PM
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Originally Posted by Texan Til I Die
Originally Posted by TPACK
If Trump were to give back all taxpayers 5K from the money saved by DOGE wouldn`t that cause inflation just like the stimulus checks during Covid.

Maybe. I don't like the idea of some arbitrary number like 5000. How about returning a percentage of what you paid in? That way people who paid little or nothing will get little or nothing.

This would be a great idea.


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Re: Inflation [Re: KRoyal] #9189850 02/20/25 09:25 PM
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Originally Posted by KRoyal
Originally Posted by TPACK
If Trump were to give back all taxpayers 5K from the money saved by DOGE wouldn`t that cause inflation just like the stimulus checks during Covid.

Possibly, but it's different than a stimulus. This money has been found and is being sent back to the tax payer and it's not just money being printed out of thin air to be sent out. confused2 but I'm no economist LOL.

Some folks refuse to acknowledge the difference.


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Re: Inflation [Re: Jimbo1] #9189872 02/20/25 10:16 PM
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Originally Posted by Jimbo1
Originally Posted by KRoyal
Originally Posted by TPACK
If Trump were to give back all taxpayers 5K from the money saved by DOGE wouldn`t that cause inflation just like the stimulus checks during Covid.

Possibly, but it's different than a stimulus. This money has been found and is being sent back to the tax payer and it's not just money being printed out of thin air to be sent out. confused2 but I'm no economist LOL.

Some folks refuse to acknowledge the difference.


I`m sure that when and if it happens and if only the taxpayers get their money back the left will go bat$hit crazy calling it racist since all the welfare recipients in the hood that get free project 8 housing and food stamps aren`t included. Shanigua thinks that since she got a check for over 10 grand for her 8 kids, (earned income credit) she`s a taxpayer. hammer

Re: Inflation [Re: TPACK] #9189889 02/20/25 11:06 PM
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Give $0 back. The national debt is $306k per person, not family, if you broke it out by our population. No one is planning on money coming back to them, so they haven't factored it into their budget in a very similar way that we haven't factored how to pay the debt back. If you want to leave a legacy, figure out how you take 12 digits out of the national debt.

Re: Inflation [Re: TPACK] #9189893 02/20/25 11:16 PM
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All this sensibility - warms the cockles of my heart.

Re: Inflation [Re: TPACK] #9189908 02/20/25 11:40 PM
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Let's just keep our cockles to ourselves.


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Re: Inflation [Re: TPACK] #9189926 02/21/25 12:33 AM
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he can buy running boards for my truck confused2 flehan


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Re: Inflation [Re: TLew] #9189935 02/21/25 12:51 AM
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Originally Posted by TLew
Give $0 back. The national debt is $306k per person

Google says $106k, still too much.
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Re: Inflation [Re: TPACK] #9189940 02/21/25 12:56 AM
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I’d rather the funds go to pay the national debt. I’m looking out for my grandchildren.



Re: Inflation [Re: Guy] #9189944 02/21/25 12:59 AM
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Originally Posted by Guy
Originally Posted by TLew
Give $0 back. The national debt is $306k per person

Google says $106k, still too much.
[Linked Image]


I believe the $306k is per “taxpayer.”


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Re: Inflation [Re: TPACK] #9189957 02/21/25 01:16 AM
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Any way you look at it, the number is horrendous.

Re: Inflation [Re: Hudbone] #9189958 02/21/25 01:28 AM
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Originally Posted by Hudbone
Any way you look at it, the number is horrendous.

I concur. Quit giving our money away.



Re: Inflation [Re: TPACK] #9189960 02/21/25 01:36 AM
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5K refunded? Not that much and I have enough that I don't spend so just put it towards the national debt and life goes on. I'm not rich but that is fraction of what I have and haven't missed it so not impressed by this carrot on a stick.


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Re: Inflation [Re: TPACK] #9189980 02/21/25 02:03 AM
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The savings they are finding is an annual savings, so set a plan to knock down the debt every year till it gets to an optimal level, in combination with lowering taxes. This is really historic, a game changer. Everyone is very excited about it, except the fraudsters..

Re: Inflation [Re: Guy] #9190039 02/21/25 03:45 AM
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Originally Posted by Guy
The savings they are finding is an annual savings, so set a plan to knock down the debt every year till it gets to an optimal level, in combination with lowering taxes. This is really historic, a game changer. Everyone is very excited about it, except the fraudsters..


What are we at so far, $55 billion? Another 600 years and we will be debt free. We would have had a year head start if we didn’t cut a check to Ukraine

Re: Inflation [Re: TLew] #9190080 02/21/25 11:28 AM
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Originally Posted by TLew
Originally Posted by Guy
The savings they are finding is an annual savings, so set a plan to knock down the debt every year till it gets to an optimal level, in combination with lowering taxes. This is really historic, a game changer. Everyone is very excited about it, except the fraudsters..


What are we at so far, $55 billion? Another 600 years and we will be debt free. We would have had a year head start if we didn’t cut a check to Ukraine

It’s only been one month TLew, they just getting started. But we are not trying to become debt free, some debt is good, that is why I said “optimal level”. % of GDP is what needs to come down, you can improve that by reducing debt and growing GDP, and they are working on both. The important thing is getting on a path to improving, instead of a path of it getting worse. We need more smart people running our country.

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https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/

https://www.ceicdata.com/en/indicator/united-states/government-debt--of-nominal-gdp


Re: Inflation [Re: TPACK] #9190086 02/21/25 11:57 AM
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https://www.foxnews.com/politics/trump-floating-returning-20-doge-savings-american-people

Trump floating returning 20% of DOGE savings to American people
Elon Musk said he would 'check with the president' about $5,000 'DOGE dividends'

President Donald Trump floated the idea of delivering 20% of savings from the Department of Government Efficiency (DOGE) directly to the American people on Wednesday.

Trump said 20% of the savings could be delivered to U.S. citizens in personal checks to taxpaying households, while another 20% would be used to pay down the national debt.

"There's even under consideration a new concept where we give 20% of the DOGE savings to American citizens, and 20% goes to paying down debt, because the numbers are incredible," Trump told reporters during an event in Miami Beach, Florida.


Users on X, formerly Twitter, first pitched the idea of a "DOGE dividend" to Elon Musk earlier this week, suggesting payouts of $5,000. The billionaire Tesla owner said he would "check with the president" about the plan.


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Re: Inflation [Re: TPACK] #9190177 02/21/25 03:16 PM
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What would they do with the other 60%?

Re: Inflation [Re: Guy] #9190190 02/21/25 03:27 PM
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Originally Posted by Guy
What would they do with the other 60%?

Steven Miller says it will go towards knocking down next year’s budget.


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Re: Inflation [Re: Guy] #9190204 02/21/25 03:51 PM
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Originally Posted by Guy
We need more smart people running our country.


Unrated comment in that post...I'll even take it a step further and say "people in our country".


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Re: Inflation [Re: Jimbo1] #9190212 02/21/25 04:15 PM
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Originally Posted by Guy
Originally Posted by TLew
Originally Posted by Guy
The savings they are finding is an annual savings, so set a plan to knock down the debt every year till it gets to an optimal level, in combination with lowering taxes. This is really historic, a game changer. Everyone is very excited about it, except the fraudsters..


What are we at so far, $55 billion? Another 600 years and we will be debt free. We would have had a year head start if we didn’t cut a check to Ukraine

It’s only been one month TLew, they just getting started. But we are not trying to become debt free, some debt is good, that is why I said “optimal level”. % of GDP is what needs to come down, you can improve that by reducing debt and growing GDP, and they are working on both. The important thing is getting on a path to improving, instead of a path of it getting worse. We need more smart people running our country.


Originally Posted by Jimbo1
Originally Posted by Guy
What would they do with the other 60%?

Steven Miller says it will go towards knocking down next year’s budget.


That's kind of my point. Why send out a check to folks when we are only getting started. Also, why put a single dime of the early fruits into anything other than paying down what we already owe. It should not go toward future years, it should go toward our debt and we as a country should actually deliver a balanced budget for the first time in way too long.

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