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U.S. budget deficit balloons to $739 billion despite tariff revenue

Torus34 said:
RealityNow said:
The "devaluation" will make a destitution greater than the ability to rectify.
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Sir, a small observation, if I may; we have been devaluing our currency almost since the inception of the United States of America. As I look about me I see many things that should be attended to, but I do not see destitution.

Regards.
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lurchadams said:
U.S. budget deficit balloons to $739 billion despite tariff revenue - Los Angeles Times



This is what happens when we put our faith and financial future in the hands of a "stable genius".
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The Democrats control the House. They must first write and then pass the budget. They are in full control over the first step. The Democratic House has the power to eliminate the deficit at a stroke of a pen and pass the budget if they have a mind to. Of course that is just the first step they have total control over. Then comes the senate which must approve or not, the second step and finally Trump's signature.

I think most folks either forget or ignore the hands of both parties on our ever increasing national debt. Reagan added 1.9 trillion to the national debt, but first the Democratic controlled House had to write up the budget and pass it before Reagan could spend a dime or increase the debt. Democrats had to approve and pass the legisiation first.

Same with G.H.W. Bush who ran up 1.5 trillion in debt. The Democrats still controlled congress which had to first write and pass the budget. Perhaps go along to get along Democratic congress. Now Bill Clinton who ran up 1.4 trillion in debt, you could say the first two years of his presidency was a one party deal. Democrats controlled congress and the presidency. Then the GOP took over his last six and together, the Republican controlled congress which must first have written and passed the budget brought down the deficits to 19 billion in Bill's last year. Bill and the GOP congress proved it could be done if each party was willing to do so.

G.W. Bush add 4.7 trillion to the debt. Again one could say that was a sole Republican affair for his first six years as the Republicans controlled both congress and the presidency. His last two years were under a Democratically controlled congress, again both Democrats and Bush walking hand in hand adding 3 trillion out of the 4.7 trillion in Bush's last two years. Obama added 9.3 trillion with his first two years being solely a Democratic affair. They're responsible for 3 trillion with the last 6.3 trillion coming under a Republican congress. Again both parties walking hand in hand in adding the debt.

We'll see what happens to Trump now the Democrats control the purse strings. Should be interesting. Will the Democrats do anything about the debt? I highly doubt it.
 
Perotista said:
The Democrats control the House. They must first write and then pass the budget. They are in full control over the first step. The Democratic House has the power to eliminate the deficit at a stroke of a pen and pass the budget if they have a mind to. Of course that is just the first step they have total control over. Then comes the senate which must approve or not, the second step and finally Trump's signature.

I think most folks either forget or ignore the hands of both parties on our ever increasing national debt. Reagan added 1.9 trillion to the national debt, but first the Democratic controlled House had to write up the budget and pass it before Reagan could spend a dime or increase the debt. Democrats had to approve and pass the legisiation first.

Same with G.H.W. Bush who ran up 1.5 trillion in debt. The Democrats still controlled congress which had to first write and pass the budget. Perhaps go along to get along Democratic congress. Now Bill Clinton who ran up 1.4 trillion in debt, you could say the first two years of his presidency was a one party deal. Democrats controlled congress and the presidency. Then the GOP took over his last six and together, the Republican controlled congress which must first have written and passed the budget brought down the deficits to 19 billion in Bill's last year. Bill and the GOP congress proved it could be done if each party was willing to do so.

G.W. Bush add 4.7 trillion to the debt. Again one could say that was a sole Republican affair for his first six years as the Republicans controlled both congress and the presidency. His last two years were under a Democratically controlled congress, again both Democrats and Bush walking hand in hand adding 3 trillion out of the 4.7 trillion in Bush's last two years. Obama added 9.3 trillion with his first two years being solely a Democratic affair. They're responsible for 3 trillion with the last 6.3 trillion coming under a Republican congress. Again both parties walking hand in hand in adding the debt.

We'll see what happens to Trump now the Democrats control the purse strings. Should be interesting. Will the Democrats do anything about the debt? I highly doubt it.
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They won't. Half the current deficit is due to spending increases they demanded to avoid another shutdown. Expect them to start with spending hundreds of billions more this year.
 
Torus34 said:
Torus34 said:
Sir, a small observation, if I may; we have been devaluing our currency almost since the inception of the United States of America. As I look about me I see many things that should be attended to, but I do not see destitution.

Regards.
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You said: "There is, I should think, a point where further inflation will make a debt unsustainable"

This is a very important point... we have issue that the debt invokes that is being addressed by the world, of which we may try to ignore but the world is aware of our debt... and how our economics is tied to the position of Reserve Currency. When the time comes the world moves from the system of "Petro Dollars".... as is and has been a discussion in the Middle East for far more than a Decade, first led by Iraq under Saddam and by Quadaffi, both of which we attacked... and Iran is now well aware that the power of American Sanction, is only done by the system of Oil being tied and traded with the U.S. as the Reserve Currency.

But what they have found is, Europe created financial system to avert the impact of sanctions, by setting up means to Trade Oil in other currency.

This is much to do about the war posturing and fictions of drama that is targeted upon and against Iran. America forgets, that the world on Nation is no pleased by the U.S. position of exiting the WMD agreements, and invoking also a Trade War while standing against Climate Change and expecting at the same time for Iran to submit to American Imperialism.

The more debt increases and deficit rises, it is a recipe for the world to know, the U.S. can only pay its debt based on "borrowing even more"... and that means other countries are supporting America... and being "denigrated by America" at the same time. We are biting the hands that feed us, and attacking the nation that supported us.

Yet, people are still lost in the delusions that America can again promote itself by Imperialist Agenda. It is not to be!!! Nations of the World, are making "COOPERATIVE AGREEMENTS"... while America is destroying "Diplomacy"....
All Nations except America and Mexico has joined the "Cooperative Agreement Platform of the AIIB", Japan drafted its papers to join, and the abuse Mexico is experiencing by the acts of America... will see not only will Mexico Join, but the region of Mexico and Central America will see a backing by China, accompanied by improved "trade agreements" that will give Mexico the means to export its goods without dominant reliance on America to buy its exports... Central America will see support from China, Russia and Europe... and the come along's such as Spain and other nations will support the process. Venezuela has massive Oil Reserves... and the collective of China, Russia and Europe and the UN will not allow America to think it can wait and promote even more hardship on Venezuela with a vain hope to gain dominance by any contrived means to have influential dominance over or upon the out come of Central America.

America missed its change to uplift the Central American and Mexico region to strengthen the North American and Central American stature as a unified forces..... and it has denigrated the lives of Mexican and Central America People by the vile inhumanity of the acts of damages to "families" with no regard for the fact that Mexico and Central America above all things, is a region of the world that hold "the value of Family" above all things. They will not by any means forget nor forgive America's inhumanity and certainly not when the time of need is great and the destitution is widespread.

We have to see the big picture and the blindness being promoted by this Administration and its Republican Senate, is lost in the delusion that America is still the dominant nation it was, Post World War II... and that has not been the case since the 1960's and 1970's.... !!!!

We ride on false vanity and delusions of superiority, while within the society the spread and expanse of generalized "ignorance is being exposed more and more each day of how expansive it has become"... it is being exposed everyday, how illiterate America is when it comes to "Civics" and Respect of the systems of Governance, the System of Laws and the Systems of Congressional Responsibility..... We've been led among a mass of many to chase the delusions of the past of thinking America can recreate and re constitute the system of "white nationalist of and by the madness of wealthy white male dominance" The Republican followers stake their lives and the future of their childern upon such madness... and they are blind to the devastation it has historically caused and the devastation it has set in motion to continually cause at this time in American History.
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dcsports said:
They won't. Half the current deficit is due to spending increases they demanded to avoid another shutdown. Expect them to start with spending hundreds of billions more this year.
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The ball is in the Democratically controlled house. They can either do something about the deficits and debt or not. The Democrats have first say or first choice in the matter of higher or lower deficits. I suspect they'll just add to it.
 
Perotista said:
The ball is in the Democratically controlled house. They can either do something about the deficits and debt or not. The Democrats have first say or first choice in the matter of higher or lower deficits. I suspect they'll just add to it.
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Absolutely. They have yet another opportunity to show a change in direction.

I have little confidence though. Last time they were in control of the house, the deficit ballooned to massive proportions. I expect for them to advocate more spending - and cry for more taxes.
 
RealityNow;

Sir, thank you for taking time to write your extensive response. 'Devastation' appears again in it, I see.

Returning to the United States debt, there are certainly reasons for concern. Your response notes some of them, though within a polemic context. Unfortunately, the mantra of 'No new taxes' has had ample time to sink into the minds of many. There is also the belief that a tax break will 'pay for itself'. This concept flies directly in the face of facts.

Meanwhile, there will be no serious attempt by our representatives to address the debt issue as long as the current level of party polarization continues.

Regards.
 
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Jetboogieman said:
I think perhaps we should give even more tax cuts to the wealthiest Americans and cut the poorest Americans benefits even more.

Clearly what the situation calls for and it is clearly the only way to deal with the situation.
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Exactly! Broken leg? Rub some tax cuts on it.
 
RealityNow said:
People turned from the truth of God's Principles... and became led by a "money worshiper"... who values nothing and no one above the pursuit of money by any means.
People stand behind the vile of a man and party that seeks nothing but contentions and attack something mentality, and spins it on a daily basis... Generating conflict on a Global Level. There is no profit in the denigration of God's Principles, and there is no winning when people have turned themselves to follow the acts and speak of a known liar, and a life long swindler. There is not uplift when people follow one who not only has corrupted his own family, but corrupted the systems of a nation, violated its laws and has no respect for its policies. There is no honor within a segment that claims themselves to be followers of Christ Principles, yet promote, support and endorse, bigotry, bias and chase greed with whole heart and mind, there is not unity building when those who claim themselves to be workers for Gods Truth, and label themselves as Evangelist of Gods words.. while they endorse and sit silent when malice is spread by the hour upon and against a nation of people and the values its system of liberty was founded.

The Financial Woes, are but and outgrowth of what 'evilness making madness brings'. The sharp turn that follows the fictions of a stock ticker, being wound up by "greed mongers"... pushing illusion of fake value that is based on nothing but the likes of a "crap shoot"... driven by the whims of Greed. It has no conscience that aspires to truth, and certainly no value that has concern nor consideration for Gods words and stands firm against ever commandment that has been given to mankind.

A monger of war making, chasing means to promote the contempt's that speak and aim toward war. Creating a war in the Trade Among Nations, Creating a War against the principles of Diplomacy, Creating a War Against Allies and Systems that bond and bind Allies into a uniform supporter of values.

When such evil moves across the land, the desecration become widespread, the anguish becomes to fill the daily lives even among the childern, because the spirit of such is promoted by the minute; people become restless and lose the sense of empowerment, and acts of vile and violence increases even in the homes among husband and wife and parents and children.

We see it and for some by many means they seek to deny what is overtly visible in the vividness of murders and mayhem, madness of attacks and assaults, and the rise and spread of those who have no regard for the respect of others, and stand with an evil madness driving them to attack the diversity of society.

This is what is being seen by the days... and many still cling to the "madness makers" with a vain hope of monetary gain, at the expense of civic destruction and civil discord... That is the ways of what is evil... consumes a society. Money worship is made to be the decision makers of masses, and in so being and so doing does vile spread like a wildfire... and people then support the lawbreaker, who has attacked justice, and violates with disregard the systems that support and promote justice.

Time continues to show, it is not by the act of attack and denigrate that moves us into the values of God's principles.... yet, many who have lost the soul into the devotion to money and the madness engaged to pursue it... are those who make vile in the world, that no money can mend.

Tariff's will bring an "inflation" that will become astronomical in what it leaves upon the this nation... and those nations of which this nation seeks to fleece by the imposition of tariffs will prosper even still, beyond the vile that has been cast and enacted against them. America under this Administration and This Senate that endorse it will continue to damage centuries of gain, which no longer exist, as this nation has by the malice of some, embedded itself in $22 Trillion of Debt and Deficits that it has no means to lift itself above. This Administration and this Senate that endorse it and the conduct of its Attacks and Acts of Evil Making will not make it go away.

Facts tell the truths that many blind themselves by their delusions of following a ticker, that moves by the acts of mans greed, not by the production and performance of the works and man in and through industry... but by the "spin at the roulette" gaming of a stock ticker.
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Wow, those are some deep thoughts! Thanks!
 
Perotista said:
The Democrats control the House. They must first write and then pass the budget. They are in full control over the first step. The Democratic House has the power to eliminate the deficit at a stroke of a pen and pass the budget if they have a mind to. Of course that is just the first step they have total control over. Then comes the senate which must approve or not, the second step and finally Trump's signature.

I think most folks either forget or ignore the hands of both parties on our ever increasing national debt. Reagan added 1.9 trillion to the national debt, but first the Democratic controlled House had to write up the budget and pass it before Reagan could spend a dime or increase the debt. Democrats had to approve and pass the legisiation first.

Same with G.H.W. Bush who ran up 1.5 trillion in debt. The Democrats still controlled congress which had to first write and pass the budget. Perhaps go along to get along Democratic congress. Now Bill Clinton who ran up 1.4 trillion in debt, you could say the first two years of his presidency was a one party deal. Democrats controlled congress and the presidency. Then the GOP took over his last six and together, the Republican controlled congress which must first have written and passed the budget brought down the deficits to 19 billion in Bill's last year. Bill and the GOP congress proved it could be done if each party was willing to do so.

G.W. Bush add 4.7 trillion to the debt. Again one could say that was a sole Republican affair for his first six years as the Republicans controlled both congress and the presidency. His last two years were under a Democratically controlled congress, again both Democrats and Bush walking hand in hand adding 3 trillion out of the 4.7 trillion in Bush's last two years. Obama added 9.3 trillion with his first two years being solely a Democratic affair. They're responsible for 3 trillion with the last 6.3 trillion coming under a Republican congress. Again both parties walking hand in hand in adding the debt.

We'll see what happens to Trump now the Democrats control the purse strings. Should be interesting. Will the Democrats do anything about the debt? I highly doubt it.
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I stopped reading at the first few sentences of the first paragraph. First of all, the dems have only been back in power for a few months, and only in the house. The GOP criminals have and will continue to block everything the dems have tried and will try to do. You know this, so please don't come to me pointing any fingers. Doing so just shows ignorance and stupidity.
 
JustHanging said:
Jeez, you mean the guy who managed to bankrupt a casino is making a mess of it again?
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Can you believe it? Everything trump touches turns to ****. And his sycophants both spread it for him and eat it up. Pathetic!
 
U.S. budget deficit balloons to $739 billion despite tariff revenue
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don't worry, the tax cuts will pay for themselves after the job creators create a whole bunch of well paying jobs and use the rest of the tax cut money to increase our salaries. in other news, if you flap your arms hard enough, you can fly to the moon.
 
lurchadams said:
U.S. budget deficit balloons to $739 billion despite tariff revenue - Los Angeles Times



This is what happens when we put our faith and financial future in the hands of a "stable genius".
Click to expand...

Where was that deficit outrage when Obama created 9.3 trillion in deficits added to the debt? Why is it always about tax revenue and never spending cuts with you? What has the House proposed to cut to assist in reducing the deficit? The current budget proposal is 4.7 trillion dollars of which 1.4 trillion is under Trump control leaving 3.3 trillion in entitlement and mandatory spending required by law. Where is your solution to the deficit problems?
 
poweRob said:
You mean we tried trickle down economics again and it didn't work... AGAIN? And the loyal GOP sheep lapped it up the lies like a kittens in milk. What a ****ing shocker.

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Really bothers you seeing people keeping more of their own money, doesn't it? Since when does keeping more of what you earn constitute an expense to the federal gov't? liberal logic ignores the creation of dependence on bureaucrats for social expenses and never about personal responsibility or states handling their own social issues. Why is that?
 
Conservative said:
Where was that deficit outrage when Obama created 9.3 trillion in deficits added to the debt? Why is it always about tax revenue and never spending cuts with you? What has the House proposed to cut to assist in reducing the deficit? The current budget proposal is 4.7 trillion dollars of which 1.4 trillion is under Trump control leaving 3.3 trillion in entitlement and mandatory spending required by law. Where is your solution to the deficit problems?
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Typical But what about Obama excuse.....To defend this idiot trump
 
Conservative said:
Where was that deficit outrage when Obama created 9.3 trillion in deficits added to the debt? Why is it always about tax revenue and never spending cuts with you? What has the House proposed to cut to assist in reducing the deficit? The current budget proposal is 4.7 trillion dollars of which 1.4 trillion is under Trump control leaving 3.3 trillion in entitlement and mandatory spending required by law. Where is your solution to the deficit problems?
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Well why don't you ask the tea-baggers where their outrage went? Oh, I know - it went away after a white guy was elected to the oval office!

Trump's deficit spending it nothing to applaud, my confused friend. It might be less than Obama's first term, but it's more than W's. "Conservatives" only complain about debt when a democrat is in office. How hypocritical!

Trump national debt, deficit compared to Obama, Bush, Clinton - Business Insider

In raw terms, Trump added the second-most debt of any recent president. According to the Treasury data, the US added $2.07 trillion — $2,065,536,336,472.90 to be exact — in new debt between Trump's inauguration on January 20, 2017, and February 11, when the country pushed past $22 trillion. (The US added another $2.8 billion through February 15, the latest daily figures available.)

That is less than the $3.46 trillion added between Obama's inauguration in January 2009 and February 11, 2011, but it is more than the $676 billion added under Bush and the $617 billion added under Clinton in their first 752 days as president.
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Saladin4 said:
Typical But what about Obama excuse.....To defend this idiot trump
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Typical partisan hack response. Pointing out hypocrisy is now "defending Trump"? Where was your outrage when this was taking place in past administrations?

So do you have anything to add to this topic or is this it? Your lone post in this thread and it has nothing to do with the topic at all.
 
lurchadams said:
Well why don't you ask the tea-baggers where their outrage went? Oh, I know - it went away after a white guy was elected to the oval office!

Trump's deficit spending it nothing to applaud, my confused friend. It might be less than Obama's first term, but it's more than W's. "Conservatives" only complain about debt when a democrat is in office. How hypocritical!

Trump national debt, deficit compared to Obama, Bush, Clinton - Business Insider
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LOL, post the Treasury data supporting your claim, second most debt?? Still waiting for documented proof that debt was caused by Trump spending. You have nothing and keep making a fool of yourself by posting nothing but left wing opinions. FACT, 2018 was Trump's first year and the deficit was 17% higher ALL DUE TO MANDATORY SPENDING ON SS/MEDICARE/INTEREST EXPENSE. All I see is class envy, jealousy and promotion of a bigger more controlling federal gov't.
 
Conservative said:
Where was that deficit outrage when Obama created 9.3 trillion in deficits added to the debt?
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The "outrage" here is over the false promises of the cut and spend Republicans. I expected government spending to rise with Obamacare and yes I was pissed off when the Bush era tax cuts were extended under the Obama administration.
Conservative said:
Why is it always about tax revenue and never spending cuts with you?
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Because even Republicans haven't shown the fiscal responsibility to reduce the deficit simply by cutting spending. If they did, many of them would surely lose re-election. Remember how they promised to get rid of Obamacare and didn't follow through? They knew it would be suicide to do so. The only reason their philosophy sounds good to voters is because they've never had to pay the price of significantly reducing government services.

So we can either pay for the services or run up the debt. Cutting spending to the point of meeting the deficit is pure fantasy. Pretending the tax cuts pay for themselves is also a fantasy.
 
exoplanet said:
The "outrage" here is over the false promises of the cut and spend Republicans. I expected government spending to rise with Obamacare and yes I was pissed off when the Bush era tax cuts were extended under the Obama administration.
Because even Republicans haven't shown the fiscal responsibility to reduce the deficit simply by cutting spending. If they did, many of them would surely lose re-election. Remember how they promised to get rid of Obamacare and didn't follow through? They knew it would be suicide to do so. The only reason their philosophy sounds good to voters is because they've never had to pay the price of significantly reducing government services.

So we can either pay for the services or run up the debt. Cutting spending to the point of meeting the deficit is pure fantasy. Pretending the tax cuts pay for themselves is also a fantasy.
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I have no idea why people like you are so obsessed with bureaucrats getting more federal tax dollars and are always promoting higher taxes on the rich. Why aren't you supporting raising taxes on the 44% of income earning Americans PAYING ZERO in federal Income taxes

Seems you and far too many have no idea what the role is of your own state and local governments thus have no problem sending more tax dollars to bureaucrats in D.C. Where does your state get its money when more dollars go to the feds?

You are right about the establishment which is why I supported Trump who has pissed off both parties and rightly so. The answer is term limits like states and local governments have because all you and others are doing is ignoring the dependence created by federal bureaucrats who retain power due to that dependence.

Why do you and others keep claiming that tax cuts have to be paid for? Where did you learn that false accounting principle. Tax cuts generate revenue and always have
 
Conservative said:
I have no idea why people like you are so obsessed with bureaucrats getting more federal tax dollars and are always promoting higher taxes on the rich. Why aren't you supporting raising taxes on the 44% of income earning Americans PAYING ZERO in federal Income taxes
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Because the amount of wealth concentrated in the lowest 44% is less than 1% of the wealth in the US!! Considering that food, rent and health care take up the vast majority of their expenses, how much money could you possibly generate?

Conservative said:
Seems you and far too many have no idea what the role is of your own state and local governments thus have no problem sending more tax dollars to bureaucrats in D.C. Where does your state get its money when more dollars go to the feds?
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That depends upon which state it is. For some states, reliance on Federal aid is very substantial - the biggest are usually red states (Mississippi, Lousiana, Montana, Kentucky, etc...)

Conservative said:
You are right about the establishment which is why I supported Trump who has pissed off both parties and rightly so. The answer is term limits like states and local governments have because all you and others are doing is ignoring the dependence created by federal bureaucrats who retain power due to that dependence.
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I could be in favor of term limits, but I think it needs to go hand in hand with a number of ethics improvements that would avoid just churning a whole slew of lobbyists furthering croney capitalism.

Conservative said:
Why do you and others keep claiming that tax cuts have to be paid for? Where did you learn that false accounting principle. Tax cuts generate revenue and always have
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LOL. How much revenue do you think the Trump tax cuts have "generated"?
 
RedAkston said:
Typical partisan hack response. Pointing out hypocrisy is now "defending Trump"? Where was your outrage when this was taking place in past administrations?

So do you have anything to add to this topic or is this it? Your lone post in this thread and it has nothing to do with the topic at all.
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Topic is trump's out of control spending....Not President Obama...You trump lovers No doubt will blame Hillary next
 
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