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Where is Trump's Balanced Budget?

Media_Truth said:
Not to be outdone with his HUSH money lies, Trump's lies of a balanced budget will affect us and our children for many years to come.

https://www.bloomberg.com/news/arti...ional-debt-in-eight-years-good-luck-with-that

Donald Trump told the Washington Post he would get rid of the national debt “over a period of eight years.”

And it's worse than that. He not only isn't balancing the budget. He is skyrocketing the deficit, and it will soon pass the $1 Trillion threshhold.

View attachment 67242135

Republicans hold all three legislative branches of government. They need only look into a mirror if they want to see irresponsible fiscal policy.
Click to expand...
Has it been eight years already? Wow, time flies. :lamo
 
Media_Truth said:
Not to be outdone with his HUSH money lies, Trump's lies of a balanced budget will affect us and our children for many years to come.

https://www.bloomberg.com/news/arti...ional-debt-in-eight-years-good-luck-with-that

Donald Trump told the Washington Post he would get rid of the national debt “over a period of eight years.”

And it's worse than that. He not only isn't balancing the budget. He is skyrocketing the deficit, and it will soon pass the $1 Trillion threshhold.

View attachment 67242135

Republicans hold all three legislative branches of government. They need only look into a mirror if they want to see irresponsible fiscal policy.
Click to expand...
Bad news dude. There is ONLY ONE legislative branch of government.
 
Media_Truth said:
Put the blame where the blame belongs...

https://www.cnbc.com/2018/09/13/us-house-panel-backs-bill-to-make-trump-tax-cuts-permanent.html

A Republican-led panel in the U.S. House of Representatives voted on Thursday to make permanent individual tax cuts from President Donald Trump's 2017 tax overhaul, a move widely seen as a partisan ploy to help Republican candidates in the Nov. 6 congressional elections.

Members of the tax-writing House Ways and Means Committee voted 21-15 along party lines to send the measure to the House floor for a full chamber vote expected by Oct 1.

https://www.nytimes.com/interactive/2017/12/19/us/politics/tax-bill-senate-live-vote.html

The Senate voted 51-48 on Wednesday to pass the Republicans’ tax overhaul bill in a party-line vote.

Majority needed to pass YES NO Not voting
Republicans 51 0 1
Democrats 0 48 0
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Moving the goal post. I was discussing the military budget that the majority of dems and repubs approved.

You know other Presidents have asked for and Congress passed tax cuts. Since you brought it up

"In 2010, President Obama signed an $858 billion tax cut deal."
https://www.thebalance.com/obama-tax-cuts-3306330
 
Media_Truth said:
Not to be outdone with his HUSH money lies, Trump's lies of a balanced budget will affect us and our children for many years to come.

https://www.bloomberg.com/news/arti...ional-debt-in-eight-years-good-luck-with-that

Donald Trump told the Washington Post he would get rid of the national debt “over a period of eight years.”

And it's worse than that. He not only isn't balancing the budget. He is skyrocketing the deficit, and it will soon pass the $1 Trillion threshhold.

View attachment 67242135

Republicans hold all three legislative branches of government. They need only look into a mirror if they want to see irresponsible fiscal policy.
Click to expand...

Lets just be honest, neither party really cares about the deficit or fiscal responsibility. The democrats will argue that deficits don't matter that much, and republicans will pretend like their tax cuts will pay for themselves while piling on a ton of extra spending. One day we will hit a point where we will need to balance the budget like Greece has, and we can't keep spending beyond our means indefinitely.
 
distraff said:
Lets just be honest, neither party really cares about the deficit or fiscal responsibility. The democrats will argue that deficits don't matter that much, and republicans will pretend like their tax cuts will pay for themselves while piling on a ton of extra spending. One day we will hit a point where we will need to balance the budget like Greece has, and we can't keep spending beyond our means indefinitely.
Click to expand...

Yes, the SWHTF at some point, especially if the US dollar loses it's spot as the International Currency Standard. If you look at the chart on the first post, you'll notice that Clinton/Gore did work with Congress, and actually created a negative deficit. Also, after cleaning up the GW Bush mess, Obama reduced the deficit substantially. Seems to me that the REPUBLICANS are subscribing to the "Two Santa Claus" political theory, and intentionally driving up the deficit. I think it's Russian Roulette.
 
mike2810 said:
Moving the goal post. I was discussing the military budget that the majority of dems and repubs approved.

You know other Presidents have asked for and Congress passed tax cuts. Since you brought it up

"In 2010, President Obama signed an $858 billion tax cut deal."
https://www.thebalance.com/obama-tax-cuts-3306330
Click to expand...

Per your own link, that was a tax cut extension. And it was balanced with an estate tax increase.

In 2010, President Obama signed an $858 billion tax cut deal. It extended the Bush tax cuts through 2012 and unemployment benefits through 2011. It cut payroll taxes by 2 percent, adding $120 million to workers' spendable income. It extended a college tuition tax credit. It also included $55 billion in industry-specific tax cuts.

To pay for part of these costs, Obama’s deal revived the inheritance tax that had lapsed for a year. It applied a 35 percent tax rate to estates worth over $5 million for individuals or over $10 million for families. (Source: Washington Post, "Obama, GOP reach deal to extend tax breaks," December 7, 2010)

Look at the deficit chart in the first post, after 2010, it started dropping like a rock. The proof is in the pudding.
 
RabidAlpaca said:
Of course, you only whine and complain when a Democrat does it. Now you don't care.
Click to expand...

A dishonest reply from RabidAlpaca. What a surprise. Care to actually answer the question?
 
Media_Truth said:
That's known as exponential growth, and it's not a good thing. Would it be OK to do that with your household budget?
Click to expand...

We have had this 'exponential growth' for the last 16 years, why is it a problem now? And what should the deficits be?
 
Media_Truth said:
Per your own link, that was a tax cut extension. And it was balanced with an estate tax increase.

In 2010, President Obama signed an $858 billion tax cut deal. It extended the Bush tax cuts through 2012 and unemployment benefits through 2011. It cut payroll taxes by 2 percent, adding $120 million to workers' spendable income. It extended a college tuition tax credit. It also included $55 billion in industry-specific tax cuts.

To pay for part of these costs, Obama’s deal revived the inheritance tax that had lapsed for a year. It applied a 35 percent tax rate to estates worth over $5 million for individuals or over $10 million for families. (Source: Washington Post, "Obama, GOP reach deal to extend tax breaks," December 7, 2010)

Look at the deficit chart in the first post, after 2010, it started dropping like a rock. The proof is in the pudding.
Click to expand...

Obama didn't have to sign the extension. He must agreed it was a good thing. :mrgreen:

Bottom line. The USA has a debt. Congress and the President seems to want to spend more than the feds bring in. Quit the partisan view. Every elected official plays are role in the debt.
 
mike2810 said:
Obama didn't have to sign the extension. He must agreed it was a good thing. :mrgreen:

Bottom line. The USA has a debt. Congress and the President seems to want to spend more than the feds bring in. Quit the partisan view. Every elected official plays are role in the debt.
Click to expand...

Facts are facts. Choose to ignore them, if you'd like. Clinton and Obama both reduced the deficits substantially under their watches. Go back to the graph, tell me the name of the last Republican that can claim that?
 
Fletch said:
We have had this 'exponential growth' for the last 16 years, why is it a problem now? And what should the deficits be?
Click to expand...
The debt can't be decreased, until the deficit is below zero. Clinton/Gore accomplished this. ZERO deficit is a very good thing, especially when we have the kind of debt that we do. GW Bush got in, and immediately started to run up deficits. Obama reduced the deficit. Now it's skyrocketing again. Your analysis is very lacking. Funny how Trump thought a deficit was a bad thing, when he was campaigning, and promised to balance the budget. You probably agreed with him then.
 
Bullseye said:
Has it been eight years already? Wow, time flies. :lamo
Click to expand...

If we wait 8 years, with a rising deficit of this magnitude, it will be too late for our children and grandchildren. Eventually the mounting debt has to be paid back. Right?
 
Media_Truth said:
Facts are facts. Choose to ignore them, if you'd like. Clinton and Obama both reduced the deficits substantially under their watches. Go back to the graph, tell me the name of the last Republican that can claim that?
Click to expand...

Which party had majority control of congress during that temporary budgetary restraint period?
 
ttwtt78640 said:
Which party had majority control of congress during that temporary budgetary restraint period?
Click to expand...

The GOP had control with a Dem president.
The GOP has control of congress now and the budgetary restraint is non-existent with a GOP prez.
Therefore, one might conclude that a Dem president reduces deficits?
 
Media_Truth said:
Facts are facts. Choose to ignore them, if you'd like. Clinton and Obama both reduced the deficits substantially under their watches. Go back to the graph, tell me the name of the last Republican that can claim that?
Click to expand...

Reducing the deficit. Which really means our DEBT did not increase as fast. But it still increased.

Your so funny that you are not able to admit your party also likes to spend more than the govt. takes in. So do the Repubs.
 
radioman said:
The GOP had control with a Dem president.
The GOP has control of congress now and the budgetary restraint is non-existent with a GOP prez.
Therefore, one might conclude that a Dem president reduces deficits?
Click to expand...

Perhaps the key is to simply have the House held by the party not of the POTUS.
 
mike2810 said:
Reducing the deficit. Which really means our DEBT did not increase as fast. But it still increased.

Your so funny that you are not able to admit your party also likes to spend more than the govt. takes in. So do the Repubs.
Click to expand...

I'm an Independent. I study facts. The facts are obvious, and you continue to distort them. If this Congress, Senate and President had the deficit heading in the right direction, I wouldn't have started this thread.

Most Republicans don't even know that our deficit is skyrocketing, because FAUX News doesn't discuss the issue, unless a Democrat is in the presidency.
 
Media_Truth said:
If we wait 8 years, with a rising deficit of this magnitude, it will be too late for our children and grandchildren. Eventually the mounting debt has to be paid back. Right?
Click to expand...
If and when it happens I award you one "I told you so" to remind me. 'til then . . .
 
Fletch said:
We have had this 'exponential growth' for the last 16 years, why is it a problem now? And what should the deficits be?
Click to expand...

I didn't whine and complain about the deficit for years like conservatives and the tea party did, so your question is moot. Funny how you're all silent now that Don is blowing up the deficit.
 
Media_Truth said:
Not to be outdone with his HUSH money lies, Trump's lies of a balanced budget will affect us and our children for many years to come.

https://www.bloomberg.com/news/arti...ional-debt-in-eight-years-good-luck-with-that

Donald Trump told the Washington Post he would get rid of the national debt “over a period of eight years.”

And it's worse than that. He not only isn't balancing the budget. He is skyrocketing the deficit, and it will soon pass the $1 Trillion threshhold.

View attachment 67242135

Republicans hold all three legislative branches of government. They need only look into a mirror if they want to see irresponsible fiscal policy.
Click to expand...

Deficits only matter when a Dem is in the WH. Fiscally Conservative my ass.
 
Media_Truth said:
The debt can't be decreased, until the deficit is below zero. Clinton/Gore accomplished this. ZERO deficit is a very good thing, especially when we have the kind of debt that we do. GW Bush got in, and immediately started to run up deficits. Obama reduced the deficit. Now it's skyrocketing again. Your analysis is very lacking. Funny how Trump thought a deficit was a bad thing, when he was campaigning, and promised to balance the budget. You probably agreed with him then.
Click to expand...

You made a political comment again and didnt answer either question I posed.
 
RabidAlpaca said:
I didn't whine and complain about the deficit for years like conservatives and the tea party did, so your question is moot. Funny how you're all silent now that Don is blowing up the deficit.
Click to expand...

When you post here do you actually engage the person with whom you are responding or some imaginary straw man? Ive posed several specific questions and you respond without answering them or post outright lies. That tells me you dont have an answer so you just fall back to your usual strategy of dishonesty and diversion.
 
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