#quotes
Discussion
We will sill blame Kamala for setting the stage for inflation when she was the deciding vote on the "Inflation Reduction Act." Just like all other bills, it too did the opposite of what they said.
Trump is also responsible, he ran up more debt then any president.
Inflation began after predominately ran Democrat states began to restrict the people's liberties during Covid forcing them to move to less communist states. That ran up housing prices.
Another nail in the inflation coffin was the oil drilling policy change due to Executive Order signing on day one of the Biden administration. Remember the Petro Dollar economy from back in the 70's, they wanted to tank it.
Was there debt during the Trump administration, yes, that is the Federal Reserve system they created. Unfortunately he was bound to their rules.
To fix the debt system it's going to take several tactics within a policy. That's why at last night's rally President Trump proposed balancing the budget during his next administration, using tariffs, and paying off debt with Bitcoin.
Tell me anyone else's proposed policy that directly challenges the Federal Reserve. You know there was a reason why he hung a picture up in the Oval Office of Andrew Jackson to his left side. He was sending the Federal Reserve a "subtle message" but I'm sure you know the history of Andrew Jackson and the Federal Reserve.
Sorry if I didn't directly answer your debt question.
The "Power of the Purse" lies within Congress and more specifically the House. As we know Nancy was the House Majority Leader during most of the Trump administration and therefore controlled fiscal policies.
I understand many people forget high school government class (not trying to belittle anyone) as government sucks and confusing but that is why we have three branches of government.
The only time any president is responsible for spending is through their limited authority with Executive Orders. Other examples can be the War Powers Act.
Each branch has built in Checks and Balances in order to restrain another branch of government in order to keep them from going full retard. One Check in Balance is a tie breaking vote by the Vice President in the event of a tie in the House and Senate to pass a bill. This makes the Vice President directly accountable for the bill. The Inflation Reduction Act was directly passed due to Kamala's final vote.
None of this looks good for this administration or the Democrats that controlled Congress during the Trump administration.
We didn't forget!
And, Trump had the option to not sign "The Cares Act", he did and he brags about it.
The Cares Act was absolutely a bipartisan effort to uphold the economy and national security during the time of a bioweapon attack. I'm actually curious if there is unspent funds, might have to do some more research.
The Cares Act probably saved many small businesses and allowed for struggling families to withdraw their 401K's, tax relief, loan forgiveness, ect. It placed the temporary weight of financial burden back on the Federal Reserve without favoring businesses over the people.
In all honesty the Cares Act was probably the biggest financial relief directed at the people and not businesses like in previous administrations during economic downturns.
Unfortunately I have to place the Cares Act in the unnecessary evil category like killing an intruder. Both would be better to avoid if possible.