MAGA Sucks at Economics

context is everything

Dollar increase begins in 1995 -

A key aspect of the 1994 Contract with America was the promise of a balanced federal budget. After the end of the government shutdown, Gingrich and other Republican leaders acknowledged that Congress would not be able to draft a balanced budget in 1996. Instead, they opted to approve some small reductions that were already approved by the White House and to wait until the next election season

As House Speaker, Gingrich oversaw passage by the House of welfare reform in 1996 and a capital gains tax cut in 1997.

In early 1998, with the economy performing better than expected, increased tax revenues helped reduce the federal budget deficit to below $25 billion. A balanced budget was achieved for 1999.

I’ve got news for you. Congress hasn’t even finished putting together the 2025 budget, which was on Biden’s watch. That’s on the Dems in Congress who were in control before the 2024 election. They should’ve had the budget done by October, 2024, but kicked the can down the road.

How does the congressional budget affect the value of the U.S. dollar? It's a globally traded commodity.

The constitution specifies the budget (appropriations) starts in the house of representative. Then it get sent to the Senate. Eventually it gets to the president to sign.

U.S. Constitution
Article I
Section 7

All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills.

Just in case you haven’t read it lately, here’s where you can find it:

https://constitution.congress.gov/constitution/

You still don't understand how the dollar is valued, don't you?

I do. You don’t understand the federal budgeting process

This should help you out also

https://www.federaltimes.com/management/budget/2022/09/20/why-the-us-federal-fiscal-year-2023-starts-in-october/

The last time the Federal government ever had a budget surplus was when the house and Senate were controlled by Republicans and Bill Clinton was president. Newt Gingrich, the Speaker of the House, was determined that the government would have a balanced budget. He brought political pressure on President Clinton to accept reduced government spending. It took a couple years, but it happened. The economy was strong. Unfortunately, the liberal press gave President Clinton credit, when it was actually Speaker Gingrich (a Republican) who made it happen.

Nothing you've posted has even remotely addressed the topic at hand - the falling value of the U.S. dollar.

I’m done trying to correct your ignorance

I wasn't paying attention, anyway.

But wasting MAGA's time, on the other hand...

Do your math again, genius. Trump wasn’t President until January 20.

What math are you claiming is wrong exactly? a25bda.jpg (click to show)

Speaking of genius...lmao

Let’s talk once you learn basic economic theory. Until then, it’s like trying to discuss the topic with my dog.