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U.S. Posts Largest-Ever Monthly Budget Deficit in February

Conservative said:
Exactly, the American taxpayers don't need to keep more of what they earn as the bureaucrats need that money more to buy more votes and implement their European socialist agenda. You see, state and local gov'ts don't need any money at all to solve social issues because according to the left that is federal responsibility

You people are like a broken record saying the same things over and over again doing nothing but trying to raise taxes as if those evil rich people will ever have enough to meet your spending appetite. Is it your belief that raising taxes on the rich will solve all your perceived social problems? what exactly is the role of the state and local governments in your world? Now run from that question like all your leftists buddies do
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My belief is that simultaneously increasing spending and cutting taxes leads to big deficits. What's your belief?
 
MrPeanut said:
My belief is that simultaneously increasing spending and cutting taxes leads to big deficits. What's your belief?
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My belief is you don't understand what caused the 2018 deficit and totally ignore the economic activity and revenue generated by that activity nor the 4 interest rate hikes that caused an increase in the interest on the massive debt Trump inherited. You also don't know the difference between mandatory and discretionary spending and blame all spending on the President regardless of Congressional actions.

Your concern about the federal gov't getting more money is appreciated by the bureaucrats but more importantly your lack of interest in state and local revenue along with charitable giving records being sent speaks volumes about partisanship. Were you concerned about the 9.3 trillion Obama added to the debt? Let me know when Trump has a trillion dollar deficit whereas Obama had four of them. Obama had debt service on a 10.6 trillion dollar debt with zero interest rates where as Trump has debt service on a 20 trillion dollar debt with 2.5% interest rates. Seen anything of interest there?
 
Conservative said:
My belief is you don't understand what caused the 2018 deficit and totally ignore the economic activity and revenue generated by that activity nor the 4 interest rate hikes that caused an increase in the interest on the massive debt Trump inherited. You also don't know the difference between mandatory and discretionary spending and blame all spending on the President regardless of Congressional actions.

Your concern about the federal gov't getting more money is appreciated by the bureaucrats but more importantly your lack of interest in state and local revenue along with charitable giving records being sent speaks volumes about partisanship. Were you concerned about the 9.3 trillion Obama added to the debt? Let me know when Trump has a trillion dollar deficit whereas Obama had four of them. Obama had debt service on a 10.6 trillion dollar debt with zero interest rates where as Trump has debt service on a 20 trillion dollar debt with 2.5% interest rates. Seen anything of interest there?
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You reply to my comment by accusing me of putting responsibility at the feet of the president and then ranting about Obama in your second paragraph. Do you believe in increasing spending and cutting taxes simultaneously?
 
Conservative said:
Exactly, the American taxpayers don't need to keep more of what they earn as the bureaucrats need that money more to buy more votes and implement their European socialist agenda. You see, state and local gov'ts don't need any money at all to solve social issues because according to the left that is federal responsibility

You people are like a broken record saying the same things over and over again doing nothing but trying to raise taxes as if those evil rich people will ever have enough to meet your spending appetite. Is it your belief that raising taxes on the rich will solve all your perceived social problems? what exactly is the role of the state and local governments in your world? Now run from that question like all your leftists buddies do
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Have to say that I HATE this term. People have to pay the bills congress spends through legislation. Actually not really as we run a deficit almost always.

The phrase reminds me of going to a fine restaurant,having a great meal then shouting at the server who brings the bill. Imagine the restaurant actually demanding some of that person's hard earned income!
 
Rogue Valley said:
U.S. Posts Largest-Ever Monthly Budget Deficit in February

Shortfall rises 40% to $544 billion in first 5 months of fiscal year.

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Another historical deficit record. Big thanks to Donnie T and the "Party of Fiscal Responsibility" whose campaign donors are certainly very happy.

Related: US budget deficit hit $234 billion in February, a new monthly recordhttps://www.cnn.com/2019/03/22/politics/treasury-february-budget-deficit-record-high/index.html
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Shhh! It is okay when Republicans cut taxes and spend anyway, where have you been?
 
MrPeanut said:
You reply to my comment by accusing me of putting responsibility at the feet of the president and then ranting about Obama in your second paragraph. Do you believe in increasing spending and cutting taxes simultaneously?
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I will totally hold Trump accountable at the end of his term for the deficits and the debt created not after one two months of 2019 and in the meantime the American taxpayers are keeping more of what they earn and their poll numbers of Trump handling of the economy is going to secure another 4 years

RealClearPolitics - Election Other - President Trump Job Approval - Economy
 
OrphanSlug said:
Shhh! It is okay when Republicans cut taxes and spend anyway, where have you been?
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Well, thankfully we have Democratic control of the House and spending so we will see cuts, right?
 
Conservative said:
I will totally hold Trump accountable at the end of his term for the deficits and the debt created not after one two months of 2019 and in the meantime the American taxpayers are keeping more of what they earn and their poll numbers of Trump handling of the economy is going to secure another 4 years

RealClearPolitics - Election Other - President Trump Job Approval - Economy
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I'm going to take that as a no. Are you running for office or something? I don't understand why your are so evasive.
 
Conservative said:
Well, thankfully we have Democratic control of the House and spending so we will see cuts, right?
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Given Trump’s budget proposal, there is little evidence anyone wants to slow down spending anytime soon. That is bipartisan.
 
Conservative always conveniently forgets that the GOP passed the 2017 tax cuts for the wealthy, and the GOP still controls the Senate.

Memory of Convenience
 
MrPeanut said:
I'm going to take that as a no. Are you running for office or something? I don't understand why your are so evasive.
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Not sure what you are talking as no, NO meaning I won't hold Trump responsible for the debt during his term is a lie. Let me know when it reaches Obama level and regardless if it does, American people are keeping more of what they earn and the polls reflect it
 
OrphanSlug said:
Given Trump’s budget proposal, there is little evidence anyone wants to slow down spending anytime soon. That is bipartisan.
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Then you haven't looked at the Trump budget proposals and DISCRETIONARY SPENDING
 
Rogue Valley said:
Conservative always conveniently forgets that the GOP passed the 2017 tax cuts for the wealthy, and the GOP still controls the Senate.

Memory of Convenience
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Tax cuts for anyone that pays FIT taxes but that fact escapes you. How do you give a FIT cut to people who don't
 
Conservative said:
Not sure what you are talking as no, NO meaning I won't hold Trump responsible for the debt during his term is a lie. Let me know when it reaches Obama level and regardless if it does, American people are keeping more of what they earn and the polls reflect it
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I asked if you support increasing spending and reducing taxes simultaneously and you replied with a couple rants about Obama and a strawman that you then shredded. I just wanted an answer.
 
OrphanSlug said:
Look at the rest of the budget, not just what you like.
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You don't know what the discretionary part of the budget entails or the mandatory part? I have looked at the entire budget your problem is you don't understand either of those categories

Sent from my SAMSUNG-SM-G930A using Tapatalk
 
MrPeanut said:
I asked if you support increasing spending and reducing taxes simultaneously and you replied with a couple rants about Obama and a strawman that you then shredded. I just wanted an answer.
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I support cutting the size of government but Congress won't do that so I support people keeping more of what they earn and states taking over social responsibility

Deficits matter but not to bureaucrats who buy votes so until they cut spending like Trump is trying to do people keeping more of what they earn is great

Sent from my SAMSUNG-SM-G930A using Tapatalk
 
Conservative said:
I support cutting the size of government but Congress won't do that so I support people keeping more of what they earn and states taking over social responsibility
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So no free Medicare and college for all? :( Shucks.
 
Mycroft said:
No, thanks to the House Dems. They are going to let the country go to hell in a handbasket while they keep trying to make sure Trump doesn't win in 2020.

If you don't like deficit spending...talk to the Dems.
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Please explain how the Democrats could have created a huge budget deficit in February after being in control of the house for not even 2 months. Do you understand how our government works, or are you just being intentionally intellectually dishonest.
 
Mycroft said:
The Republican Senate can't do a damned thing unless Dems go along with it. That means the Senate Dems COULD have insisted on spending cuts...if they wanted to. If the House Dems had wanted spending cuts, as well, the Republicans would have been forced to do it.

Look...the ONLY person in the government who actually wants to cut spending is Trump. But y'all insist on dishonestly blaming him and not putting the blame where it belongs: With Congress.
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The vast majority of spending is Social Security, Medicare, Medicaid, and Defense. Which of those do you want to cut?

medicare-spending-was-15-percent-of-total-federal-spending_7305-12-twitter.png


You going to cut Seniors off or Medicare? You going to gut Social Security? You going to starve our Military? Please pick one. That 14% of "other" is the only area you could significantly cut, but then you would be doing away with things like the CDC, National Parks, and so on.

Or, we could actually pay for our fiscal obligations.
 
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Conservative said:
I support cutting the size of government but Congress won't do that so I support people keeping more of what they earn and states taking over social responsibility
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Sure, move it all to the states, that way the next time we have a recession, cancer patients can lose access to chemo because the states can't run a deficit. There is a reason why no mainstream economists think this is a good idea. You guys are in a fantasy world.

You strike me as probably retired. So if we are going to cut spending, why don't we start by gutting your Social Security and Medicare. That sound good to you?
 
SouthernDemocrat said:
The vast majority of spending is Social Security, Medicare, Medicaid, and Defense. Which of those do you want to cut?

medicare-spending-was-15-percent-of-total-federal-spending_7305-12-twitter.png


You going to cut Seniors off or Medicare? You going to gut Social Security? You going to starve our Military? Please pick one. That 14% of "other" is the only area you could significantly cut, but then you would be doing away with things like the CDC, National Parks, and so on.

Or, we could actually pay for our fiscal obligations.
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When defeated by actual results always bring out the scare tactics in hopes of convincing Seniors that Trump is going to cut Medicare. Why is it necessary for the federal gov't to increase spending on entitlement programs and taxing more to take dollars away from the state and local governments?

Do you not understand that SS and Medicare are pay as you go systems and increasing or decreasing spending has absolutely nothing to do with the deficit or public debt?

What spending cuts has Trump proposed for Medicare and SS?
 
SouthernDemocrat said:
Sure, move it all to the states, that way the next time we have a recession, cancer patients can lose access to chemo because the states can't run a deficit. There is a reason why no mainstream economists think this is a good idea. You guys are in a fantasy world.

You strike me as probably retired. So if we are going to cut spending, why don't we start by gutting your Social Security and Medicare. That sound good to you?
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Thanks for making my point that when you cannot refute or find data you resort to scare tactics. What do states have to do with hospital deficits and natural disasters?

I am indeed retired, spent 35 years in the private sector, learned personal responsibility from my parents totally understanding that there are consequences for poor personal choices. More importantly I learned the true role of the federal gov't, not the role that professional career politicians created.

Start gutting my SS and Medicare, you mean gutting my contributions and my employers contributions? Can't be done' already forced contribution and had the federal bureaucrats not "borrowed" trillions there wouldn't be an IOU's to fund leaving more money for the bureaucrats to actually spend on what you deem important.

You don't seem to grasp the taxes you pay or their purpose. FICA(Payroll) taxes fund the SS and Medicare Trust Fund, what does that fund have to do with the deficit or "emergency" funding?
 
SouthernDemocrat said:
Please explain how the Democrats could have created a huge budget deficit in February after being in control of the house for not even 2 months. Do you understand how our government works, or are you just being intentionally intellectually dishonest.
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I didn't say they "created" anything. My thanks goes to them for NOT DOING anything.
 
SouthernDemocrat said:
The vast majority of spending is Social Security, Medicare, Medicaid, and Defense. Which of those do you want to cut?

medicare-spending-was-15-percent-of-total-federal-spending_7305-12-twitter.png


You going to cut Seniors off or Medicare? You going to gut Social Security? You going to starve our Military? Please pick one. That 14% of "other" is the only area you could significantly cut, but then you would be doing away with things like the CDC, National Parks, and so on.

Or, we could actually pay for our fiscal obligations.
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It doesn't matter what I want to cut. What matters is...will Congress cut ANYTHING?
 
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