Trump calls for an end to the Chips Act, redirecting funds to national debt

[ScottSoapbox]

Guess who had the last balanced US budget. Clinton. YES. A DEMOCRAT. Then W came along and rang up national debt to astronomical values again!

Getting rid of the Chips act is a drop in the bucket for the national debt. It won't do to reduce the national debt.

Clinton largely had a republican congress which tends to reduce spending as the parties fight more and spend less. Still we've increased government with every president since then as republicans abandoned "smaller" government.

Unless we end social security or medicare/medicaid, there are no trillion dollar savings in the budget. I will take reducing government by hundreds of billions in the meantime. Not that I necessarily believe this reduction will actually occur, but arguing that saving $280 Billion is poo because the debt is so big is nonsensical.

 

[stewi0001]

I would be more shocked if he took subsidies away from big oil and natural gas companies.

This, I feel like, is more because it happened under the Biden administration and not his.

 

[Kashim]

I would be more shocked if he took subsidies away from big oil and natural gas companies.

This, I feel like, is more because it happened under the Biden administration and not his.

Exactly this. He did the same thing after Obama left office. Tried to undo everything done by Obama, so now he's trying to undo everything done by Biden. Not because those were bad things the other presidents did before him, but just out of spite because he's a mean spirited, self centered narcissist.

 

[techstrike]

It is now clear to me that the continuous publicity is better than no publicity...

Tr$mp is trying to get us busy with capital BS.

 

[axiomatic13]

The MAGA pretzel logic in here is a hilarious read. I hope you all are able to uncontort yourselves? It would be a shame if you injured yourselves and had to use insurance?

 

[m3tavision]

Be respectful and stop the hate. It is President (Donald J.) Trump.

The euro smugness is so sour. Lets face it, most of the non-Americans here, are being told lies about what is going on in the world, and specifically United States. Most here actually have never listened to the President of the United State's such as his entire Davos address, or his Joint Session last night. So therefore, most non-American's here will only regurgitate what Associated Press tells them. Without taking the time to inform themselves.

Most just suffer from TDS and just want a gold-hair man to hate, for the way their lives are being governed in their own Countries..! Trump is your boogie-man, used to protect weak & fragile egos from the truth, bcz you are a product of fake news.

Many are part of the lemming nation that EU elites want... because liberals love hating people and bringing people down and removing their freedoms (BECAUSE) they can't argue effectively against their logic.


Here is a listen of an American podcaster MOCKING those blindfolded VAT tax payers being told lies in Europe, about the invasion happening by the Globalists Elites.

Offering free "benefits" to foreigners... so they keep invading and voting for Globalists EU elites. Ursula needs to stay in power... or EU folds.

 

[BadThad]

Kill ALL government subsidies for companies! Taxpayers should not be picking winners and losers. Now that we have a REAL leader businesses will come on their own. The USA is the place to be!

 

[BadThad]

Be respectful and stop the hate. It is President (Donald J.) Trump.

The euro smugness is so sour. Lets face it, most of the non-Americans here, are being told lies about what is going on in the world, and specifically United States. Most here actually have never listened to the President of the United State's such as his entire Davos address, or his Joint Session last night. So therefore, most non-American's here will only regurgitate what Associated Press tells them. Without taking the time to inform themselves.

Most just suffer from TDS and just want a gold-hair man to hate, for the way their lives are being governed in their own Countries..! Trump is your boogie-man, used to protect weak & fragile egos from the truth, bcz you are a product of fake news.

Many are part of the lemming nation that EU elites want... because liberals love hating people and bringing people down and removing their freedoms (BECAUSE) they can't argue effectively against their logic.


Here is a listen of an American podcaster MOCKING those blindfolded VAT tax payers being told lies in Europe, about the invasion happening by the Globalists Elites.

Offering free "benefits" to foreigners... so they keep invading and voting for Globalists EU elites. Ursula needs to stay in power... or EU folds.

Be respectful and stop the hate. It is President (Donald J.) Trump.

The euro smugness is so sour. Lets face it, most of the non-Americans here, are being told lies about what is going on in the world, and specifically United States. Most here actually have never listened to the President of the United State's such as his entire Davos address, or his Joint Session last night. So therefore, most non-American's here will only regurgitate what Associated Press tells them. Without taking the time to inform themselves.

Most just suffer from TDS and just want a gold-hair man to hate, for the way their lives are being governed in their own Countries..! Trump is your boogie-man, used to protect weak & fragile egos from the truth, bcz you are a product of fake news.

Many are part of the lemming nation that EU elites want... because liberals love hating people and bringing people down and removing their freedoms (BECAUSE) they can't argue effectively against their logic.


Here is a listen of an American podcaster MOCKING those blindfolded VAT tax payers being told lies in Europe, about the invasion happening by the Globalists Elites.

Offering free "benefits" to foreigners... so they keep invading and voting for Globalists EU elites. Ursula needs to stay in power... or EU folds.

One thing I've learned in my old age is that leftists will always be filled with hate and rage. It's been fueled by a biased, corrupt and lying MSM and lying US democrats. I suspect most of the hardcore TDS infected fools on here are not Americans and they generally hate America.

 

[BadThad]

Clinton largely had a republican congress which tends to reduce spending as the parties fight more and spend less. Still we've increased government with every president since then as republicans abandoned "smaller" government.

Unless we end social security or medicare/medicaid, there are no trillion dollar savings in the budget. I will take reducing government by hundreds of billions in the meantime. Not that I necessarily believe this reduction will actually occur, but arguing that saving $280 Billion is poo because the debt is so big is nonsensical.

It's stunning to me that ANYONE would be against reducing government and cutting fraud and waste. Intuition tells me anyone going against this is part of the problem. The louder they cry, the more corrupt they are.

 

[Bill Kane]

How about we cancel SpaceX contracts instead.

 

[Jack77]

I really feel sorry for non-Americans who do not have open media and are being controlled like Europeans (EU), who are not being told the truth... or who aren't allowed to talk about how their Countries are being invaded.. or allowed to talk about the truth or go to jail, etc.

Just the fact that you state this already contradicts your message.

Anyway, as a citizen of a EU-state, I am more than happy to live here. I would never trade in my current life (and that of my family), with living in the US. Despite the issues we have here, we are not governed by corporations (that don't care about the citizens), we also have media that at least try to be objective, affordable healthcare & education, decent food, a better work-life balance, (still) less polarization, (still) more equality, etc.

There are reasons why Trump, Putin, etc. don't like the EU: despite many shortcomings this is a great place to live that attracts and inspires many people. And that does not fit with authoritarian leadership and a totalitarian vision on society.

If you don't believe me, just watch the numerous testimonials of Americans that have lived or are living in Europe.

 

[DukeJukem]

The extra "100 bil" is just BS lip service that trump wants in the news. Like with previous "promises", once trump goes away nothing will be invested. Even the current TSMC plans in the US have been pushed back to 2027, forget about doing anything new.

Perhaps this is why Trump shouldn't go away then? The $100 mil also came from C.C. Weis' mouth as well so I don't think it's really lip service. Factories just need to be built.

 

[Jack77]

And one more thing: do people that want authoritarian leadership realize that one day, the leader or their local rulers may come after something that you have/desire? They may like to use your land for some project, they may like your partner, they may not like it that your kid did better at something than their kid, someone in your family said something that they do not like... whatever. Are you ready to concede (each time) they "ask" you to move? (Or do you - really - think you can become part of that elite, and get high enough on the ladder, so that these things don't apply to you?)

 

[DukeJukem]

It's quite transparent really if you listen closely.

He needs to cut costs to be able to bring the effective tax rate on his oligarch billionaire buddies down even further. They didn't buy him for nothing.

Of course, plundering the government balance sheet directly led to his push for a debt ceiling increase of 4 trillion dollars.

His voters can carry the burden of the price increases caused by tariffs. And we'll take away their Medicaid and food stamps. What're they gonna do? They're just losers anyway.

Price increases are the choice of the business that isn't ok with making 175% profit after tarrifs as opposed to their 200% profit before tariffs.

People should be focusing on the scumbag companies that continue to hold all the money for themselves and increase prices for consumers just because they can only buy 9 yachts after tariffs as opposed to 10 before tariffs.

The American People suffer price increases due to the choices of the companies, not the tariff itself. The tariff incentivises companies manufacturing outside of the United States that also imports and sells to the United States to build companies here in order to sell here in order to avoid a tariff. Trump has also named many benefits they'd get if they'd build here.

Build some buildings here, you can still have your building over there too, manufacture here, sell here, avoid tariff here, avoid import costs, make more money. The only cost to you is building the building, plus employees I guess.

I'm sorry but if you have such a problem manufacturing inside of a country that allows you to sell within the country to begin with...you're kind of an ungrateful child, especially when you're choosing not to come here AND increase prices towards the country that allows you to bring your goods to and sell? Honestly ungrateful, childish behaviour. You can't just come over here, make your money and leave. That doesn't stimulate our economy, that robs our economy while filling it with another countries products while they take the money they made and dump it into their country.

How hard is this to understand for ANYONE?

 

[Jack77]

It's stunning to me that ANYONE would be against reducing government and cutting fraud and waste. Intuition tells me anyone going against this is part of the problem. The louder they cry, the more corrupt they are.

THIS! Apart from fraud: what is waste and what is not is very subjective. The same goes for what is seen as a legitimate investment of government in society and what is not. So considering everyone who raises a voice against a certain change or against how things are changed as 'corrupt' and even 'the enemy' is not really open-minded in my view. If you only want to live in a world with people that are the same as you, you can always buy a bunch of mirrors.

 

[HomeyBroDude]

"You should get rid of the Chips Act and whatever is left over, Mr. Speaker, you should use it to reduce debt."

To be very clear: Trump doesn't have the power to do this. He's asking congress to do it, but it's highly unlikely that will happen since this is a very good program for the US. This is all just words.

The Chips Act was nothing more than free Tax Payer money. No one took that money and invested it. It was all pocketed, just like the New Green Scam.

 

[dirtyferret]

Just the fact that you state this already contradicts your message.

don't bother it's a cult. The fact that trump is a convicted criminal on 34 counts (the guy loses all his court cases), has filed for bankruptcy six times, the only federal official to have been impeached twice yet these people think he's the messiah. As a famous scientist once said "One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It’s simply too painful to acknowledge, even to ourselves, that we’ve been taken. Once you give a charlatan power over you, you almost never get it back.”

 

[Starscream07]

Except Trump is unburdening the US Citizen from all the Bureaucracy.

79% approval rating as President Trump re-upped his tax cuts from 2016 which was thee largest tax cut for low-income and middle class in 25 years. Biden threaten to remove Trump's 2016 tax plan... but couldn't, because it would have hurt the middle-class the most... not billionaires, like you like to believe.

You were told a lie.




I really feel sorry for non-Americans who do not have open media and are being controlled like Europeans (EU), who are not being told the truth... or who aren't allowed to talk about how their Countries are being invaded.. or allowed to talk about the truth or go to jail, etc.

Sad that you think Trump is any type of villain, when he is a savior. Only people mad about trump are pedophiles and people whom grift off the USA. Everyone else is on board with Trump.

Here is the sentiment across America, for people who saw past the media lies.. now seeing the swamp drained in real time:

https://twitter.com/x/status/1896912688321835041

Sit down buddy. Most countries have more freedom than USA. You actually have access to good news and not the fake Fox news you guys seem to follow.

 

[Jack77]

Price increases are the choice of the business that isn't ok with making 175% profit after tarrifs as opposed to their 200% profit before tariffs.

People should be focusing on the scumbag companies that continue to hold all the money for themselves and increase prices for consumers just because they can only buy 9 yachts after tariffs as opposed to 10 before tariffs.

The American People suffer price increases due to the choices of the companies, not the tariff itself. The tariff incentivises companies manufacturing outside of the United States that also imports and sells to the United States to build companies here in order to sell here in order to avoid a tariff. Trump has also named many benefits they'd get if they'd build here.

Build some buildings here, you can still have your building over there too, manufacture here, sell here, avoid tariff here, avoid import costs, make more money. The only cost to you is building the building, plus employees I guess.

I'm sorry but if you have such a problem manufacturing inside of a country that allows you to sell within the country to begin with...you're kind of an ungrateful child, especially when you're choosing not to come here AND increase prices towards the country that allows you to bring your goods to and sell? Honestly ungrateful, childish behaviour. You can't just come over here, make your money and leave. That doesn't stimulate our economy, that robs our economy while filling it with another countries products while they take the money they made and dump it into their country.

How hard is this to understand for ANYONE?

Mmm, that's what large US companies always did in EU countries: sell stuff and shift the profits abroad to even avoid paying basic taxes. And if any country dared to object, the WTO (fueled by the US) was there to say that objections violated free trade.

It is only now that things have changed. But if the US wants to protect what it stands for, then it must also accept that other countries do the same regarding their economy or other aspects they value. You cannot have your cake and eat it too.

 

[GodisanAtheist]

No surprise here. That's billions of dollars of taxpayer money that could be funneled into a David Sacks crypto scam instead of seeding a solution to an actual NatSec issue where so much of our silicon (even for military purposes) is fabbed overseas.

TSMC is Taiwan's big red button. Its what ensures Taiwan has the United State's military backing it up every time China saber rattles.

Now that Trump is showing the world how he treats America's allies, Taiwan/TSMC have no reason to trust that the American security guarantees will actually be there if they build out more fab capacity in the US and China decides to invade.

Better to keep the fabs in Taiwan, pledge trillions of dollars of monopoly money and promises to the current admin, and ride the wave. Keep a gun pointed to the head of the US/Global economy, it seems to be one of the few things Trump might understand.

 

[Beerfloat]

Kill ALL government subsidies for companies! Taxpayers should not be picking winners and losers. Now that we have a REAL leader businesses will come on their own.

Who are you talking about, Putin or Musk?

 

[Jeff Murray]

Lip service like 140-year old social security recipients. Only a dolt would believe that. They believe that only because they have no understanding of the issue that makes it look that way.

"What you don't know, you invent!" Delenn - Babylon 5 "Deconstruction of Falling Stars."

Perhaps the better Babylon 5 quote is "When you become fanatical about the enemy, you become the enemy." Commander Sinclair - Babylon 5 "Infection".

Are you seriously quoting from a movie?!

 

[Jeff Murray]

No surprise here. That's billions of dollars of taxpayer money that could be funneled into a David Sacks crypto scam instead of seeding a solution to an actual NatSec issue where so much of our silicon (even for military purposes) is fabbed overseas.

TSMC is Taiwan's big red button. Its what ensures Taiwan has the United State's military backing it up every time China saber rattles.

Now that Trump is showing the world how he treats America's allies, Taiwan/TSMC have no reason to trust that the American security guarantees will actually be there if they build out more fab capacity in the US and China decides to invade.

Better to keep the fabs in Taiwan, pledge trillions of dollars of monopoly money and promises to the current admin, and ride the wave. Keep a gun pointed to the head of the US/Global economy, it seems to be one of the few things Trump might understand.

China will take Taiwan sooner rather than later. Even TSMC realizes this, hence their investment in America.

 

[Eflow]

Tariffs won't cause chip manufacturers to move their fabs to the U.S. Tariffs come and go on a whim, especially under the current administration, and no one is willing to spend hundreds of billions over a decade with such uncertainty.

Companies prefer benefits that are written in stone (I.e. laws). Those can come in the form of tax benefits or direct subsidies.

If you don't want the government to subsidize chip fabs (and tariffs ARE subsidies) then get ready for the fallout when China seizes control of Taiwan and TSMC.

 

[dirtyferret]

Keep a gun pointed to the head of the US/Global economy, it seems to be one of the few things Trump might understand.

He doesn't understand or care about the US economy. He only care about his coffers. He wants to run the US like putin runs russia. What's in it for him is the only thing that matters to trump.