Current US Federal Budget Deficit

cabse5 · May 8, 2019

jonny5 said:
Being a traditional democrat would mean he had some sort of political philosophy. Ive seen no evidence of that. Hes just out for himself and people who egg him on. He isnt proposing massive govt expansion, and he isnt proposing massive govt cuts, nor is he proposing any of sort of third way moderate position. If anything, he just does stuff that protects our national culture, and supports american business. Those are things which agree with him personally and just so happen to be in line with a lot of what Americans want.

But again, i see no evidence of any consistent political philosophy which would allow us to label him as anything.

Two trillion for infrastructure isn't massive proposed gov't spending? What is, then?

Trump is a democrat who's been kicked out of the progressive dem party for being too traditionally dem (or maybe Trump walked away).
Maybe you don't recognize a traditional democrat?

jonny5 · May 8, 2019

cabse5 said:
Two trillion for infrastructure isn't massive proposed gov't spending? What is, then?

Trump is a democrat who's been kicked out of the progressive dem party for being too traditionally dem (or maybe Trump walked away).
Maybe you don't recognize a traditional democrat?

Two trillion over 10 years for something we already spend 2 trillion over 10 years on, is not massive proposed spending. No, when Trump is all about capitalism, while still punishing pot smokers, and being nationalist, that is not a traditional democrat. Trump is whatever he needs to be to have people like him and stay rich and influential.

Conservative · May 8, 2019

jonny5 said:
Two trillion over 10 years for something we already spend 2 trillion over 10 years on, is not massive proposed spending. No, when Trump is all about capitalism, while still punishing pot smokers, and being nationalist, that is not a traditional democrat. Trump is whatever he needs to be to have people like him and stay rich and influential.

My problem is all this focus on Trump's personality including taxes. What the hell makes the difference and what impact does any of that have on the results generated? Trump was predicted to fail but the results generated don't show failure and notice that I never get any answers from the liberals on a replacement or valid reasons to vote for a Democrat. There is quite a disconnect between rhetoric and results as results don't seem to matter as much as rhetoric and perception of that rhetoric. Are Americans better off today than they were when Trump took office? Why won't the left answer that question

gdgyva · May 8, 2019

MTAtech said:
What I see is Republicans, who were deficit hawks when Obama was trying to stimulate the economy when unemployment was 9%, now don't care about deficits when unemployment is at a 50 year low. It shows us Republican's true colors.

i am sorry

where is the budget that Pelosi has submitted that cuts spending?

MTAtech · May 8, 2019

gdgyva said:
i am sorry

where is the budget that Pelosi has submitted that cuts spending?

I'm sorry you don't know the process. The United States federal budget for fiscal year 2019 runs from October 1, 2018 to September 30, 2019. Five appropriations bills were passed in September 2018, by the Republican House and Senate.

gdgyva · May 8, 2019

MTAtech said:
I'm sorry you don't know the process. The United States federal budget for fiscal year 2019 runs from October 1, 2018 to September 30, 2019. Five appropriations bills were passed in September 2018, by the Republican House and Senate.

and Pelosi will send a "balanced budget" to Trump to sign will she?

i will hold this thread for us to discuss in a couple of months

JohnfrmClevelan · May 8, 2019

Conservative said:
My problem is all this focus on Trump's personality including taxes. What the hell makes the difference and what impact does any of that have on the results generated? Trump was predicted to fail but the results generated don't show failure and notice that I never get any answers from the liberals on a replacement or valid reasons to vote for a Democrat. There is quite a disconnect between rhetoric and results as results don't seem to matter as much as rhetoric and perception of that rhetoric. Are Americans better off today than they were when Trump took office? Why won't the left answer that question

No, they are not. Rich people are better off, as always. But Trump has set about to destroy SS, healthcare, the EPA, Education, consumer protection, the Constitution, and the rule of law. I'd call that WAY worse off. And for what? Maybe 0.5-1% more growth?

Most, if not all, of that growth is due to the increased deficit, which you normally would be screaming about. We are getting pennies on the dollar for that federal deficit, because the gains are going mostly to the rich, who don't spend or invest nearly all of it. If the govt. goes into $1000 more debt to give some rich guy a tax break, and he spends maybe $100 more than he would have otherwise, that's going to result in GDP growth. But only $100 of GDP growth, not $1000. It's the same boneheaded way that Trump has always conducted business.

Conservative · May 8, 2019

JohnfrmClevelan said:
No, they are not. Rich people are better off, as always. But Trump has set about to destroy SS, healthcare, the EPA, Education, consumer protection, the Constitution, and the rule of law. I'd call that WAY worse off. And for what? Maybe 0.5-1% more growth?

Most, if not all, of that growth is due to the increased deficit, which you normally would be screaming about. We are getting pennies on the dollar for that federal deficit, because the gains are going mostly to the rich, who don't spend or invest nearly all of it. If the govt. goes into $1000 more debt to give some rich guy a tax break, and he spends maybe $100 more than he would have otherwise, that's going to result in GDP growth. But only $100 of GDP growth, not $1000. It's the same boneheaded way that Trump has always conducted business.

You need to get out more as your projection isn't even close to reality. Trump has done nothing to destroy SS, Healthcare, the EPA, Education because Trump knows those aren't FEDERAL RESPONSIBILITIES but rather individual responsibilities. Your big gov't delegation of personal responsibility issues shows exactly what is wrong with liberlais today and why you lose national elections. Most people don't blame someone else for poor choices like you and we certainly don't blame the President as most of us have taken civics understanding what the President can and cannot do, none of which you state

the increased deficits? Let me know when it gets to the 9.3 trillion Obama debt. what do you think the 3.2% and growing GDP and 263,000 NEW taxpayers are going to do to that deficit. It truly is sad to see so many jealous, envious people of what others have that you would resort to an ideology that takes from what others earn and give it to those who haven't done anything but beg for it. Maybe had you made better choices you too wouldn't like being forced to give up your earnings and would willingly do so creating greater benefit than the federal bureaucrats create. They do love people like you though

How Trump does business has absolutely nothing to do to with what is happening in the House today as they offer nothing and your party offers no viable alternative to Trump thus it is going to be a long 6 years for you. Hope your health survives it

JohnfrmClevelan · May 8, 2019

Conservative said:
You need to get out more as your projection isn't even close to reality. Trump has done nothing to destroy SS, Healthcare, the EPA, Education because Trump knows those aren't FEDERAL RESPONSIBILITIES but rather individual responsibilities. Your big gov't delegation of personal responsibility issues shows exactly what is wrong with liberlais today and why you lose national elections. Most people don't blame someone else for poor choices like you and we certainly don't blame the President as most of us have taken civics understanding what the President can and cannot do, none of which you state

the increased deficits? Let me know when it gets to the 9.3 trillion Obama debt. what do you think the 3.2% and growing GDP and 263,000 NEW taxpayers are going to do to that deficit. It truly is sad to see so many jealous, envious people of what others have that you would resort to an ideology that takes from what others earn and give it to those who haven't done anything but beg for it. Maybe had you made better choices you too wouldn't like being forced to give up your earnings and would willingly do so creating greater benefit than the federal bureaucrats create. They do love people like you though

How Trump does business has absolutely nothing to do to with what is happening in the House today as they offer nothing and your party offers no viable alternative to Trump thus it is going to be a long 6 years for you. Hope your health survives it

2 more years, max, then he's off to jail with the rest of his staff. Then you will have to find another crooked idiot to vote for.

Maybe you should run...

Conservative · May 8, 2019

JohnfrmClevelan said:
2 more years, max, then he's off to jail with the rest of his staff. Then you will have to find another crooked idiot to vote for.

Maybe you should run...

I could probably beat any of the bozos your party has nominated. Your prediction is yours but as usual you put way too much faith in what you are being told and ignore the pocketbook issues that drive the American people. There is no valid reason to vote for a Democrat in the next election as your party has been destroyed by people like you who have no understanding as to the true role of the Gov't and continue to promote socialist values that will never sell in this country

JohnfrmClevelan · May 8, 2019

Conservative said:
I could probably beat any of the bozos your party has nominated. Your prediction is yours but as usual you put way too much faith in what you are being told and ignore the pocketbook issues that drive the American people. There is no valid reason to vote for a Democrat in the next election as your party has been destroyed by people like you who have no understanding as to the true role of the Gov't and continue to promote socialist values that will never sell in this country

Sure. You could dazzle your idiotic constituents with your mastery of the GDP equation.

Conservative · May 8, 2019

JohnfrmClevelan said:
Sure. You could dazzle your idiotic constituents with your mastery of the GDP equation.

Exactly, who gives a damn about taking care of ones family when you can steal the money from someone else to save you the work, how liberal of you. Again you ignored the context of my post

jonny5 · May 9, 2019

MTAtech said:
I'm sorry you don't know the process. The United States federal budget for fiscal year 2019 runs from October 1, 2018 to September 30, 2019. Five appropriations bills were passed in September 2018, by the Republican House and Senate.

The House was supposed to submit a budget for FY2020. The committee so far has only proposed a framework so far that increases spending caps. As you well know, Democrats are even worse than Republicans at fiscal responsibility.

CBO estimates that the net increase in caps on discretionary funding would amount to $360.8 billion: $181.9 billion in 2020 and $178.9 billion in 2021. Assuming appropriations at those increased amounts, outlays would increase by $349.1 billion over the 2020-2024 period.

H.R. 2021, Investing for the People Act of 2019 | Congressional Budget Office

cabse5 · May 9, 2019

jonny5 said:
Two trillion over 10 years for something we already spend 2 trillion over 10 years on, is not massive proposed spending. No, when Trump is all about capitalism, while still punishing pot smokers, and being nationalist, that is not a traditional democrat. Trump is whatever he needs to be to have people like him and stay rich and influential.

I could go all the waaaaay back to Tip O'Neil of the 1990s as examples of traditional democrats. Currently, I could go to Joe Manchin of West Virginia as a traditional democrat. Trump's all over the board, politically, but he's, mainly, a traditional democrat.

You've got to recognize patterns. Reagan wasn't a traditional GOP, either, and was all over the board....I see a little conservative nature in Trump...I'm not comparing Trump to Reagan other than the similarities of their broadly political appeal. The radicals didn't make up the dem party in Reagan's day so there wasn't the mass hysteria of Reagan like there is Trump.

jonny5 · May 9, 2019

cabse5 said:
I could go all the waaaaay back to Tip O'Neil of the 1990s as examples of traditional democrats. Currently, I could go to Joe Manchin of West Virginia as a traditional democrat. Trump's all over the board, politically, but he's, mainly, a traditional democrat.

You've got to recognize patterns. Reagan wasn't a traditional GOP, either, and was all over the board....I see a little conservative nature in Trump...I'm not comparing Trump to Reagan other than the similarities of their broadly political appeal. The radicals didn't make up the dem party in Reagan's day so there wasn't the mass hysteria of Reagan like there is Trump.

Point being he's not a traditional democrat in terms of debt. I see no evidence that he cares one way or the other about fiscal responsibility, and his person dealings mirror that. He just spends when he wants to spend for his priorities.

Rogue Valley · May 9, 2019

The United States currently possesses the largest federal deficit, the largest federal debt, and the largest trade deficit of its 242 year history.

yankintx · May 9, 2019

Media_Truth said:
This website analyzes the budget and forecasts the deficit. The deficit is heading to well over a $Trillion.

Current US Federal Budget Deficit: Causes, Effects

The U.S. federal budget deficit for fiscal year 2020 is $1.103 trillion. FY 2020 covers October 1, 2019, through September 30, 2020. The deficit occurs because the U.S. government spending of $4.746 trillion is higher than its revenue of $3.643 trillion.
...
Many people blame the deficits on entitlement programs. But that's not supported by the budget. These enormous deficits are the result of three factors.

First, the attacks on 9/11 led to the War on Terror. It's added $2.4 trillion to the debt since 2001. It almost doubled annual military spending. It rose from $111.9 billion in 2003 to a peak of $150.8 billion in 2019. That includes the defense department budget and off-budget emergency spending, and increases for the Department of Veterans Affairs.
...
The Trump administration will set new records of defense spending. It is estimated to reach $989 billion. That adds spending for departments that support defense, such as Homeland Security, and the National Nuclear Security Administration.

U.S. military spending is greater than those of the next 10 largest government expenditures combined. It's four times greater than China's military budget, and 10 times bigger than Russia's defense spending. It's difficult to reduce the budget deficit without cutting U.S. defense spending.
...
Second is the impact of tax cuts. They immediately reduce revenue for each dollar cut. Proponents of supply-side economics argue that the government will recoup that loss over the long term by boosting economic growth and the tax base. But the National Bureau of Economic Research found that only 17% of the revenue from income tax cuts was regained. It also found that 50% of the revenue from corporate tax cuts was lost.

View attachment 67256224

Shhh...deficits only matter to the GOP when a Dem is in the WH.

I would expect the national debt to balloon with the biggest looser in the WH. After all, its not like he pays his debts.

Art of the Con!!

cabse5 · May 9, 2019

jonny5 said:
Point being he's not a traditional democrat in terms of debt. I see no evidence that he cares one way or the other about fiscal responsibility, and his person dealings mirror that. He just spends when he wants to spend for his priorities.

The point I'm trying to make is he is a traditional democrat when it comes to debt. Raise the debt, that's Trump's credo. That's not a GOP or conservative credo.

The obvious tell for me that Trump has 'liberal blood' in him is his demanding China tariffs in the wake of a Stock Market collapse. Trump cares about fairness in Chinese trade because the American worker and entrepreneur is hurt by Chinese cheating and Trump cares more about that than the impending receding in value of someone's 401K due to Trump's tariffs on China.
I think it's fairly safe to say a conservative's or GOP's goals would be the opposite.

jonny5 · May 10, 2019

cabse5 said:
The point I'm trying to make is he is a traditional democrat when it comes to debt. Raise the debt, that's Trump's credo. That's not a GOP or conservative credo.

The obvious tell for me that Trump has 'liberal blood' in him is his demanding China tariffs in the wake of a Stock Market collapse. Trump cares about fairness in Chinese trade because the American worker and entrepreneur is hurt by Chinese cheating and Trump cares more about that than the impending receding in value of someone's 401K due to Trump's tariffs on China.
I think it's fairly safe to say a conservative's or GOP's goals would be the opposite.

Thats not his credo. He has no credo. Lets move on.

cabse5 · May 12, 2019

jonny5 said:
Thats not his credo. He has no credo. Lets move on.

Don't let your hatred of Trump get in the way.:2wave:

HumblePi · May 12, 2019

I think we've all gone deficit blind because the numbers are just so huge that even the lawmakers can't perceive what the numbers actually mean anymore. We're all pretty comfortable grasping the concept of millions, then the narrative shifted to billions and now we're talking trillions.

Bailing out the big Wall St., banks has cost the US taxpayer more than 6 trillion dollars so far and it's not even over with yet. The bailout continues to this day and is expected to reach somewhere around 14 trillion dollars.

This video, puts into visual perspective the incomprehensible number 'trillion'.

jonny5 · May 13, 2019

cabse5 said:
Don't let your hatred of Trump get in the way.:2wave:

I dont hate him. But I have no illusion that hes a good person or President. Like any politician he does some good things and a lot more bad things. :2party::flames:

Media_Truth · May 15, 2019

HumblePi said:
I think we've all gone deficit blind because the numbers are just so huge that even the lawmakers can't perceive what the numbers actually mean anymore. We're all pretty comfortable grasping the concept of millions, then the narrative shifted to billions and now we're talking trillions.

Bailing out the big Wall St., banks has cost the US taxpayer more than 6 trillion dollars so far and it's not even over with yet. The bailout continues to this day and is expected to reach somewhere around 14 trillion dollars.

This video, puts into visual perspective the incomprehensible number 'trillion'.

Shhh, we're not supposed to talk about the deficit while a Republican is in the presidency.

Media_Truth · May 16, 2019

jonny5 said:
I dont hate him. But I have no illusion that hes a good person or President. Like any politician he does some good things and a lot more bad things. :2party::flames:

Funny how they turn things around and say that we hate Trump, when hateful rhetoric and hateful tweets is all we hear from the guy.

Torus34 · May 17, 2019

Way back on Page 3 of this thread, I asked a question: How much national debt is too much national debt? While some responders did an old soft shoe routine around the question, there was a distinct absence of anyone willing to take the question head on.

I propose a simple answer.

The national debt, like personal debt, becomes a problem when the cost of servicing it becomes a problem. Please note that the little political fun and games played by the Republican and Democratic parties over the debt ceiling and/or funding the government have nothing to do with either the question or its answer.

Current US Federal Budget Deficit

Lead or get out of the way