Economic News

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Mulberry Heel said:
But, but that's not possible! I was assured that DOGE gutting all those government agencies and firing workers left and right and cutting benefits for people who need them would save us YUGE amounts of taxpayer money!

*of course we're now spending vast sums of money to buy charter jets for Trump 2.0's favorite adulterous couple, Kristi and Corey, and to build Dear Leader a gaudy ballroom at the WH and to pay for Pete Hegseth to play Maverick and all sorts of other crap, so there's that.
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This is why I said when Trump was elected that we can’t count Trump victories based on claims he makes. We have to base it on what actually happens.
MAGA (and others) desperately wanted to give credit to Trump for the DOGE savings and tariff revenue, but the true metric is - did the deficit increase or decrease?
We killed a bunch of needed programs and still went deeper into debt because any savings or revenue gains were more than offset by tax breaks for those that don’t need them.
 


“… The report on the consumer price index is being issued more than a week late because of the government shutdown, now in its fourth week. The Trump administration recalled some Labor Department employees to produce the figuresbecause they are used to set the annual cost-of-living adjustment for roughly 70 million Social Security recipients.

Friday’s inflation report will be the first comprehensive economic data to be released in more than three weeks and will attract intense interest from Wall Street and officials at the Federal Reserve. Fed officials are cutting their short-term interest rate to buoy the economy and hiring, but they are taking some risk doing so because inflation is still above their 2% target.…”
 
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