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Monthly Budget Review for July 2019

Kushinator said:
I've already explained this on multiple occasions. You've quoted these responses, and still your confusion of government finance is hilariously astounding.



New Treasury certificates will be sold, cash will be raised, and the special treasury issuances will be exhausted. All that happens is intergovernmental debt is converted to general debt.



Without these funds, fiscal deficits would have been far larger, and there would have been political and financial pressure to plug an additional budget gap through higher taxes.



What was lower than it should have been? You clearly have great difficulty communicating your positions.



Nobody cares about or respects your opinion.



And the two years Republicans had the power to enact spending reform, they failed to act. Own it.
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No one is disputing that Federal deficits would have been much higher and with Congress borrowing the money those deficits should have been much higher and Congress forced to explain where the SS and Medicare money went

It takes more than Republicans to cut entitlement spending which it is now obvious to me and has been for months now you are civics challenged.

You really want to make a big deal out of respect for my opinion, let me assure you that I have the same respect for yours as you have mine.
 
Conservative said:
You really have an ego problem and aren't nearly as smart as you think you are. SS and Medicare are NOT operating expenses of the United States, they are entitlement expense funded by FICA. LBJ and Democrats put that money on budget and spent it, like all Administrations and now you and the rest of the radicals want to penalize income earners who didn't create the entitlement, some of whom don't even get SS and Medicare by increasing their taxes to pay for the abuse of Congress.
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Nobody cares about or respects your opinion. You have zero understanding of finance, and hence are incapable of having this discussion. It's well beyond your pay grade.

The intergovernmental holdings become regular old public debt.

Discretionary spending may have increased by 61 billion but so what, FIT and CIT revenue was 1.8 trillion dollars thus paid for that increase.
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More make-belief. The deficit isn't defined in terms of discretionary spending and income taxes.
 
Conservative said:
No one is disputing that Federal deficits would have been much higher and with Congress borrowing the money those deficits should have been much higher and Congress forced to explain where the SS and Medicare money went
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Nobody cares about or respects your opinion.

It takes more than Republicans to cut entitlement spending which it is now obvious to me and has been for months now you are civics challenged.
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Just be honest. Republicans have zero chance at preserving what power they have left on the policy of cutting entitlements. The difference is, democrats don't run under the mantra of reducing government spending spending. Republicans do, and they have failed you. All this anger is just projection.
 
Kushinator said:
Nobody cares about or respects your opinion.



Just be honest. Republicans have zero chance at preserving what power they have left on the policy of cutting entitlements. The difference is, democrats don't run under the mantra of reducing government spending spending. Republicans do, and they have failed you. All this anger is just projection.
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As stated, I have as much respect for you and your opinion as you do in mine. Democrats don't run on reducing anything just buying votes with other people's money.
 
Kushinator said:
Nobody cares about or respects your opinion. You have zero understanding of finance, and hence are incapable of having this discussion. It's well beyond your pay grade.

The intergovernmental holdings become regular old public debt.



More make-belief. The deficit isn't defined in terms of discretionary spending and income taxes.
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Never said the deficit was defined in terms of discretionary spending and income taxes, post your proof of that statement? I gave you a list of questions that you as a coward ran from so I doubt anyone has any respect for a coward that runs and diverts from the tough questions.
 
Conservative said:
As stated, I have as much respect for you and your opinion as you do in mine.
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I'm not the one confusing my opinions as fact. I don't post opinions.

Democrats don't run on reducing anything just buying votes with other people's money.
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Republican's ran under the mantra of cutting government spending... until they got in office. Your party failed you.
 
Mycroft said:
Too bad we don't have a Congress who is motivated to reduce spending.

Time to take a look at what the House Dems are doing about this, don't you think?
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Unfortunately politicians (even Republicans) don't get elected by saving money.
 
Conservative said:
Never said the deficit was defined in terms of discretionary spending and income taxes, post your proof of that statement?
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Then why post about FIT + CIT and discretionary spending when that makes up the minority of both receipts and expenditures? We know why... you are a partisan hack.

I gave you a list of questions that you as a coward ran from so I doubt anyone has any respect for a coward that runs and diverts from the tough questions.
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I'm not here to answer your questions. If you have a point... make it. So far, all you have is "nu uh, liberal radicals are the worst."
 
Bullseye said:
Unfortunately politicians (even Republicans) don't get elected by saving money.
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The difference is, one political party runs under the mantra of reducing government spending.
 
Kushinator said:
Then why post about FIT + CIT and discretionary spending when that makes up the minority of both receipts and expenditures? We know why... you are a partisan hack.



I'm not here to answer your questions. If you have a point... make it. So far, all you have is "nu uh, liberal radicals are the worst."
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Why? because that is what FIT and CIT were funded to pay for, FICA Funds SS and Medicare, Excise Taxes fund Infrastructure and transportation. You are here to bully people and prove just how poorly educated and informed you are, success!!
 
Kushinator said:
I'm not the one confusing my opinions as fact. I don't post opinions.



Republican's ran under the mantra of cutting government spending... until they got in office. Your party failed you.
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So tell me who are you voting for in 2020? Seems that cutting spending is an issue for you, which Democrat is going to do that? Are we better off today than in January 2017?
 
Conservative said:
So tell me who are you voting for in 2020? Seems that cutting spending is an issue for you, which Democrat is going to do that? Are we better off today than in January 2017?
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If you want to discuss 2020 elections, post a thread in the proper location.
 
Kushinator said:
This is false.




This is true.

Regardless, the budget deficit approaches $1 trillion for fiscal year 2019. Own it.
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Why should I own it, I am not a Congressional Representative nor did I participate in the 20 trillion dollar debt that Trump inherited, a debt that has been financed and was affected by 7 interest rate hikes since Trump took office. Debt service increase plus entitlement spending increases affected the deficit how much?

I posted the link to the Treasury data showing 2018 information, why don't you tell us exactly how Republicans increased the deficit all by themselves and how 1.28 trillion discretionary spending and 1.8 trillion in FIT and CIT caused the deficit increase?
 
Conservative said:
why don't you tell us exactly ....... how 1.28 trillion discretionary spending and 1.8 trillion in FIT and CIT caused the deficit increase?
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I'm not obliged to explain something i've never claimed. Your excuses have been rejected by the American people. It's why Republicans lost the House, and why they'll lose the Presidency and Senate in 2020. They lied to their constituents.
 
Luther said:
I guess you never heard of a veto?


Trump signs $1.3 trillion spending bill, despite earlier threat to veto | Fox News
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From your article. (keep in mind that your article is from March 2018)

Trump signed the mammoth legislation reluctantly, saying in a press availability with other members of the administration that, in order to secure a necessary increase in military spending, he had to give money to Democratic projects that he derided as a "wasted sum of money."

"It's not right and it's very bad for our country," he said.

But he said that military spending was very important, and that concern overrode his thoughts about vetoing the legislation.

“Therefore, as a matter of national security, I've signed this omnibus budget bill. There are a lot of things I’m unhappy about in this bill…But I say to Congress, I will never sign another bill like this again. I'm not going to do it again,” he said.

He also called on Congress to end the filibuster in the Senate and to give him a line item veto.

“To prevent the omnibus situation from ever happening again, I'm calling on Congress to give me a line item veto for all government spending bills," he said. "And the Senate must end -- they must end -- the filibuster rule and get down to work.”
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The Reps controlled the House when Trump made a political decision and signed their omnibus bill, even though it was a bad bill. The Dems control the House now...what is the response of both the Reps and Dems?

Most people think that the budget deal between congressional leaders is a positive development. One’s assessment depends critically on “compared with what?”

Yes, it eliminated the threat of both an unprecedented default by the U.S. government on its debt and deep budget cuts that would have been triggered under the Budget Control Act. But the agreement did not include a single additional dollar in revenue, either from raising tax rates or eliminating tax loopholes.

The deal between congressional Democrats and the White House, which has also been approved by the Senate, would raise the budget caps by an average of about $160 billion annually for the next two years and would lift the debt limit for an estimated two years. The Democrats are happy because they avoid $150 billion in spending cuts that the Trump administration was demanding to raise the debt ceiling. (The bill does include $55 billion in spending cuts, but these take place over 10 years, by which time Congress can overturn them.) The Republicans are happy because they got more funding for the military. Presumably members of both parties are happy to avert a default on the U.S. debt.

Why do politicians keep running up the debt? - MarketWatch
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Same ****...different day...
 
Luther said:
Why don't you mention Trumps "Hard on" for more military spending?
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I happen to think National Security is something our federal government SHOULD consider the highest priority.
 
Kushinator said:
I'm not obliged to explain something i've never claimed. Your excuses have been rejected by the American people. It's why Republicans lost the House, and why they'll lose the Presidency and Senate in 2020. They lied to their constituents.
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Just continue to do what you always do run from context. Context shows that 1.28 trillion on discretionary spending was funded by 1.8 trillion FIT and CIT thus making claims about tax cuts causing the deficit wrong. What caused the deficit was entitlement spending and debt service

I don't recall you discussion the Republicans winning over 60 House seats in 2010 nor the fact that there has been 24/7 media and left wing bashing of Trump since the election. In 2018 Trump never had a 50% approval rating on the economy that he has now so show me any President who lost re-election with an over 50% approval rating on the economy?

I also haven't been given a valid reason to elect a Democrat in 2020. This country is more conservative than liberal thus in 2020 the American electorate will vote their pocketbooks and re-elect Trump as they will reward Trump for the economic results generated, results you want to ignore
 
Mycroft said:
I happen to think National Security is something our federal government SHOULD consider the highest priority.
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Did we not have already the greatest military in the world before this spending bill?
 
Mycroft said:
From your article. (keep in mind that your article is from March 2018)



The Reps controlled the House when Trump made a political decision and signed their omnibus bill, even though it was a bad bill. The Dems control the House now...what is the response of both the Reps and Dems?



Same ****...different day...
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From your article. (keep in mind that your article is from March 2018)
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Oh I haven't forgot

Most so called conservatives have


The Reps controlled the House when Trump made a political decision and signed their omnibus bill, even though it was a bad bill
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That was a very good "water down " job of the pubs & Trump


The deal has also irked more conservative members of Congress, who objected to the size and cost of the bill (which ran in at over 2,000 pages) as well as the failure to remove funding for Planned Parenthood and so-called "sanctuary cities."
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Luther said:
Oh I haven't forgot

Most so called conservatives have




That was a very good "water down " job of the pubs & Trump
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It was politics from both sides with the intention from both sides to NOT reduce spending.
 
Mycroft said:
It was politics from both sides with the intention from both sides to NOT reduce spending.
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You can do it!

Mention Trump!
 
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