#70 | Posted by Sycophant at 2025-02-13 01:40 PM | Reply | Flag:
All of that happened during Biden's presidency before any tariffs were levied. Trump said he would use tariffs to even the trade playing field. If retailers raised their prices on goods because he said that LAST YEAR, they must've had a crystal ball telling them Trump would win.
Personally, I haven't experienced a significant price increase, above what we've experienced over the last few years anyway.
Pace yourself, grasshopper. It's going to be a long 4 years, and 2028 isn't looking very good based on the DNC marketing strategy.
#71 | Posted by lfthndthrds
Walmart literally said this is in ANTICIPATION of tariffs. They also looked into surge pricing.
They were already moving logistic and supply lines to be ready.
Most large companies were.
You haven't experienced a huge price hike more than the last few years because Biden tamed the inflation brought on by supply chain disruption post COVID and Greedflation from corporate America. So that little bump in December was closer to what we had see during the worst times...except it was caused entirely by the government getting involved via the threat of tariffs.
What is all the new spending since 2019? The answer is surprising, as shown in the two tables below. The main drivers of the recent increases have not been the largest three programs"Social Security, Medicare, and defense"but rather rapid growth in numerous other programs.
Table 1 shows CBO spending for 2019 and baseline estimates for 2023. The largest increases have been nondefense discretionary, Medicaid, veterans, food stamps, health tax credits, welfare, school food programs, and interest. All data in both tables are fiscal year outlays.
www.cato.org
---- Medicaid
---- Veterans
---- Food Stasmps
---- Health Tax Credit
---- Welfare
---- School Food Programs
---- paying interest on the debts you owe.
#28 | Posted by snoofy
Umm...25% of it seems to be literally just Social Security and Medicare. Some of the rest may have large increases percentagewise but no where near dollarwise.
And the interest increase on the debt itself is about 14% of the spending increase.