New York Got $80 Million for Migrants. The White House Took It Back.

https://slrpnk.net/post/18336001

New York Got $80 Million for Migrants. The White House Took It Back. - SLRPNK

To be clear: this isn’t the “we stopped paying promised grant money” but is literally the federal government yanking money out of an NYC bank account.

Wait a second, the federal government takes money back from New York City, but Trump and Musk are running around cutting every program in site and nobody is talking about refunding the taxpayers? Gtfo…
They are working on a tax cut bill.

I don’t want a tax cut. I wanna reimbursement because the truth is, we authorized our government to spend that money years ago. In some cases like USAID -we authorized the spending of that money decades ago.  if the United States government doesn’t want to spend that money anymore than there should’ve been legislature, but also they don’t get a free check to just spend it on whatever the fuck they want. They should have to pass new legislation before they spend any more taxpayer money on new projects. And since they haven’t passed any new legislation, they should give us our money back. 

if we set the presidents that the government can change, budget funding strategy like this, it would allow the government to raise billions of dollars for one purpose , and then suddenly take that billion dollars, and spend it on something that it wasn’t originally meant for.

It doesn’t work that way.
Explain it to me then…
We have a huge deficit. A refund might make some sense if we end up with a surplus. We are nowhere near that.

Trump ran budget deficits every year he was president, added trillions to the national debt with a tax giveaway to the wealthiest humans in the history of our planet, and before he was president a second time was trying to make Republicans shut down the government if the debt ceiling wasn’t eliminated entirely. Don’t hold your breath waiting for those tax cuts to trickle down, or for any cuts to ‘defense’ which is nearly half of all discretionary spending, the GOP plan is to further increase defense spending with $1.5 trillion in spending cuts which is not even half of their proposed $4.5 trillion tax cut.

Do you feel played for a fool yet?

The Democrats pretty much never reverse Republican tax cuts, because they actually like these tax cuts. They know trickle down economics works even though they can’t say it out loud.

If trickle down economics works explain this

Explain what? I see the current poverty rate is very similar to the 1980 level.
Exactly, nothing has trickled down.

It did trickled down significantly.

Poverty rate is relative. If poverty rate doesn’t increase and GDP grow more than normal, then in absolute terms it is better for lower and middle class. That is exactly what happened. See the chart below.

US GDP as a % of G7 GDP

From Strength To Strength

Growth in the US has outpaced growth in other advanced peer economies. In 1990, the US accounted for 40% of the nominal GDP of the G7, today it accounts for 58%. @TheEconomist

Edward Conard

Whoops wrong again

Hard to read this chart. The poverty rate trend and US GDP as a % of G7 GDP is very clear.
Yes, it is very clear that trickle down economy doesn’t and never worked.
Opposite. It is. Very clear it is working well.
Trickle down working to you means the poorest Americans have not increased in net worth and the wealthiest Americans are getting richer? How is that wealth, which is being funneled to to top, “trickling down”. Maybe turn your phone right side up so you can see how the graphs are supposed to look.
GDP grow faster helps everyone.

Can you actually explain why you think that?

How does a faster growing GDP help someone in poverty?

We are talking about relative poverty. A person in poverty in the US is much better than a person in poverty in North Korea.
No one is talking about North Korea. We are talking about poverty in America then vs now. Trying to move the goalpost to include a completely unrelated datapoint is pointless.
I didn’t move the goalposts. I mean to show you why economic growth can help the poor. US has much higher economic growth than other developed countries in the last four decades.

That doesn’t help people in poverty.

You’re not explaining how a faster growing GDP helps someone in poverty. Do you not understand what the word poverty means?

Poverty rate

Relative poverty rate didn’t go up from 1980. The key is word is “relative”. With faster economic growth, the people in poverty are much better off now compared to 1980.

No, they aren’t. Poverty is poverty. You don’t get better off because your neighbor has more money. That’s just not how poverty works.

America’s economic outperformance is a marvel to behold

“In 1990 America accounted for 40% of the nominal GDP of the G7, a group of the world’s seven biggest advanced economies, including Japan and Germany. Today it accounts for 58%.

America’s outperformance has translated into wealth for its people. he ultra rich have indeed done ultra well. But most other Americans have done pretty well, too. Median wages have grown almost as much as mean wages. A trucker in Oklahoma can earn more than a doctor in Portugal. The consumption gap is even starker. Britons, some of Europe’s best-off inhabitants, spent 80% as much as Americans in 1990. By 2021 that was down to 69%.”

None of your quoted text is actually about people in poverty. I once again circle back to not thinking you understand what poverty means.