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Richard Todaro, CFA
@TodaroRichard
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President of Todaro Capital. Independent voter, supporting balanced budgets, avoiding wars, secure borders, a woman's right to choose, & common-sense gun laws.
Joined March 2020
If @elonmusk, @realDonaldTrump, & @DOGE control government spending, which helps to lower inflation, we might see interest rates drop by 2%, which could save the average consumer $9,044 yearly! The Federal government could save $800 billion or about $9,535 per family! The people trying to talk about "egg" prices simply don't get it, as the average consumer only spends $35 a year on eggs but is paying 28% interest rates on credit cards, nearly 7% rates on mortgages, or 10% on car loans, etc. In addition, companies could save $500 billion annually, which would allow them to invest in economic growth and create new jobs.
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Consider the deficit required for full employment to gauge the economy's true strength. The current admin is spending 60% more than it’s taxing, or $3 trillion more annually—enough to employ 50 million people at an average salary of $60k. This implies an adjusted unemployment rate of 35%, reaching depression levels without government spending. Historically, most administrations were much more efficient and able to maintain full employment for 1/3 of the cost at around 20% deficits. Notably, government spending increased by 50% during COVID when unemployment was 10%, but spending has remained above those levels even as unemployment dropped to 4%. This suggests that much of our economic growth and inflation stems from unprecedented borrowing against future generations.
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@DOGE You really need to educate the country on our debt and our financial outlook with graphs similar to how Ross Perot used to do. Many parts of the country do not fully grasp our situation. The government is spending 30-40% more than we are taxing and have added over $50,000 per US worker in debt in just the last 4 years. They increased spending by 50% during Covid and then never cut back. That money went from helping people, companies and states to going to increasing the size of the government.
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RT @BRICSinfo: JUST IN: 🇪🇺🇺🇸 European Union to offer lower tariffs on US cars following President Trump's tariff threats.
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@MarioNawfal Whether you agree with her or not, the kid is trying her best and her heart is in the right place.
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@AndrewYang I am sure there are lots of legit things and also lots of fraud, waste and abuse. After it has been torn apart they can build it back better
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@elonmusk Great improvement and great potential - It still need more profits for the $44 billion to be paid back.
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@StealthQE4 Yes, short term pain for long term gain. I think that is also why they are offering 8 months to allow people to get jobs
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If @elonmusk, @realDonaldTrump, & @DOGE control government spending, which helps to lower inflation, we might see interest rates drop by 2%, which could save the average consumer $9,044 yearly! The Federal government could save $800 billion or about $9,535 per family! The people trying to talk about "egg" prices simply don't get it, as the average consumer only spends $35 a year on eggs but is paying 28% interest rates on credit cards, nearly 7% rates on mortgages, or 10% on car loans, etc. In addition, companies could save $500 billion annually, which would allow them to invest in economic growth and create new jobs.
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If @elonmusk, @realDonaldTrump, & @DOGE control government spending, which helps to lower inflation, we might see interest rates drop by 2%, which could save the average consumer $9,044 yearly! The Federal government could save $800 billion or about $9,535 per family! The people trying to talk about "egg" prices simply don't get it, as the average consumer only spends $35 a year on eggs but is paying 28% interest rates on credit cards, nearly 7% rates on mortgages, or 10% on car loans, etc. In addition, companies could save $500 billion annually, which would allow them to invest in economic growth and create new jobs.
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