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Thread: Current US Federal Budget Deficit

  1. #481
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    Re: Current US Federal Budget Deficit

    Quote Originally Posted by OrphanSlug View Post
    You can cut and paste “-FIT” all you want and it still does not mean what you want it to mean.

    Again... find for me where the Treasury cut out only the two line items you named and explicitly said these are the only two budget items that caused a deficit.

    I am still waiting for that...

    Now (and again for the umpteenth time) the “Trump Budget” is rather meaningless when Congress did what it did anyway with budget matters. Any budget submitted by a President still has to go through Congress, I would think someone who claims to know so much would know that. And to be honest with you Trump did not do all that much about what Congress did anyway so long as he got his tax cuts, at the time Republican controlled.
    Do you know the difference between discretionary and mandatory budget items? Do you have any idea what the discretionary budget was for 2018 and how much was spent in that discretionary budget?

    Treasury shows FIT and Corporate Tax revenue was 1.8 trillion dollars, check the link I gave you showing the requested budget and actual budget then tell me that the discretionary budget which is the only thing Trump controls caused the deficit?? The link shows that 1.2 trillion dollars was approved by Congress and spent for the discretionary spending. Again you prove that you have no idea what you are talking about when it comes to the budget

  2. #482
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    Re: Current US Federal Budget Deficit

    Quote Originally Posted by Conservative View Post
    Do you know the difference between discretionary and mandatory budget items? Do you have any idea what the discretionary budget was for 2018 and how much was spent in that discretionary budget?

    Treasury shows FIT and Corporate Tax revenue was 1.8 trillion dollars, check the link I gave you showing the requested budget and actual budget then tell me that the discretionary budget which is the only thing Trump controls caused the deficit?? The link shows that 1.2 trillion dollars was approved by Congress and spent for the discretionary spending. Again you prove that you have no idea what you are talking about when it comes to the budget
    Where is that Treasury report claiming what you do?
    "Democracy without respect for individual rights sucks. It's just ganging up against the weird kid, and I'm always the weird kid." - Penn Jillette.

  3. #483
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    Re: Current US Federal Budget Deficit

    Quote Originally Posted by OrphanSlug View Post
    Where is that Treasury report claiming what you do?
    Why aren't you questioning the data the left gives you like you do when challenged?

    Apps Test | U.S. Bureau of Economic Analysis (BEA)

    Government revenue and expenses Report 3.2 Federal revenue and expenses

  4. #484
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    Re: Current US Federal Budget Deficit

    Quote Originally Posted by Conservative View Post
    Why aren't you questioning the data the left gives you like you do when challenged?

    Apps Test | U.S. Bureau of Economic Analysis (BEA)
    Report 3.2 Federal Revenue and expenses

  5. #485
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    Re: Current US Federal Budget Deficit

    Quote Originally Posted by OrphanSlug View Post
    Where is that Treasury report claiming what you do?
    Gave you the budget, gave you the Treasury report on revenue from FIT and Corporate taxes showing FIT 1.6 trillion and Corporate 160 billion for a total of almost 1.8 Trillion dollars. Discretionary spending in 2018 was 1.2 trillion dollars leaving 600 billion more in FIT and Corporate than those revenue items were to pay for. You have been so quick to respond when you believed you were right and now you are doing what most liberals do, run when proven wrong and not mature enough to admit when wrong. Discretionary and Mandatory spending make up the budget and revenue comes from various sources. Mandatory spending is mostly SS and Medicare which is funded by FICA, Payroll taxes. Discretionary spending is funded by FIT and Corporate taxes so you tell me now what line items made up the 2018 deficit?????? Apologize and show some maturity

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    Re: Current US Federal Budget Deficit

    Quote Originally Posted by OrphanSlug View Post
    I think it is far more dangerous to see any nation increase deficits and debt at a time when the economy is doing better, that is contrary to every principle of economics known. Yet, Trump and Republicans in Congress decided to do so anyway.
    Your answer is that Trump and republicans are bad. That is a common democrat mantra. But is it bad for America not to be paying down its debt? Can you possibly say either "Yes" or "No?"

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    Re: Current US Federal Budget Deficit

    Quote Originally Posted by Conservative View Post
    some people are so brainwashed and indoctrinated that they are a waste of time. The love and respect for Obama is like a cult.
    Inconvenient facts are indeed inconvenient. He was literally quoting your document in post #478 and you dismiss it as brainwashing. You should be brainwashed by facts and you'd be better off.

    The thing to take away is that revenues were overestimated. The tax-cut did reduce revenue. This is beyond what I've been arguing also, that the tax-cut not only reduced revenue but shifted taxes: lowering them on corporations and the wealthy, while raising them on individuals in blue states that have lost their property tax deduction.
    “Those who can make you believe absurdities, can make you commit atrocities.” ― Voltaire

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    Re: Current US Federal Budget Deficit

    Quote Originally Posted by marke View Post
    Your answer is that Trump and republicans are bad. That is a common democrat mantra. But is it bad for America not to be paying down its debt? Can you possibly say either "Yes" or "No?"
    First, I see nothing here to conclude that America is paying down its debt. It's increasing it under Republican government.

    Second, when a political party does things which are bad for its citizens we can conclude that the political party is bad. In this case, the GOP accelerated the growth of the debt at a time of low unemployment and gave tax-cuts to the rich and corporations -- inventing fallacious arguments to what the benefits would be -- none of which materialized.
    “Those who can make you believe absurdities, can make you commit atrocities.” ― Voltaire

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    Re: Current US Federal Budget Deficit

    Quote Originally Posted by MTAtech View Post
    First, I see nothing here to conclude that America is paying down its debt. It's increasing it under Republican government.

    Second, when a political party does things which are bad for its citizens we can conclude that the political party is bad. In this case, the GOP accelerated the growth of the debt at a time of low unemployment and gave tax-cuts to the rich and corporations -- inventing fallacious arguments to what the benefits would be -- none of which materialized.
    Republicans bad... give breaks to the rich...Trump should be impeached...Trump is racist...Trump's supporters are evil...and so forth. Putting that aside, do you think the US is headed for serious fiscal trouble because it is not paying down its debt? Can we expect one of the oncoming presidential candidates to become focused on that fact at some point, or will no candidate ever look at the issue seriously?

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    Re: Current US Federal Budget Deficit

    Quote Originally Posted by marke View Post
    Republicans bad... give breaks to the rich...Trump should be impeached...Trump is racist...Trump's supporters are evil...and so forth. Putting that aside, do you think the US is headed for serious fiscal trouble because it is not paying down its debt? Can we expect one of the oncoming presidential candidates to become focused on that fact at some point, or will no candidate ever look at the issue seriously?
    If one listened to Republicans all through the Obama Presidency, debt was the major problem to them. Since they took power there hasn’t been a peep out of them about debt. Funny how that works.
    “Those who can make you believe absurdities, can make you commit atrocities.” ― Voltaire

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