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Monthly Budget Review for July 2019

Conservative said:
There you go again, placing blame and never accepting responsibility. Trump didn't create a massive hole, Democrats did by borrowing SS and Medicare money and not paying it back so that now payments are more than the money coming in. You really have no idea as to what the roles are for the Federal, state, and local governments and always buy what the left tells you

Poor people with disabilities live in a state and local community and that support comes from that state and local community, not a federal bureaucrat! Entitlements are funded by FICA not FIT or CIT and SS and Medicare money has been borrowed since LBJ put the money on budget. Typical liberal have someone else pay for your own personal responsibility issues.

I contributed by law to SS and Medicare as did my employer. I didn't borrow the money and spend it on things like the Vietnam War then never paid back the money. Why would anyone forced to contribute cancel their reimbursement for taxes paid?

What you and the left continue to show is how bad the education system is in this country that taught you it was someone else's responsibility(a federal bureaucrat) to pay for your own personal responsibility issues.

Really bothers you having your state and local taxes capped on your federal return doesn't it? your state is a fiscal disaster that you want the federal taxpayers to bail out.
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Ah so here we have the full duplicity of the conservative movement on display in all its wonderful splendor. This guy paid into SS and Medicare so he deserves it. But yet he still rails about the cost of these programs. So how does this person reconcile his personal hold on his personal benefits with the non-stop barrage of bull he states about entitlements being out of control? He cannot. He is just another conservative banshee howling at the moon. What amazes me about this guy is how he never ever grasps the lies he tells himself about everything he posts. He deserves it, no one else does. He did not personally create the law that forces the government to use surplus SS revenues to buy interest bearing bonds so its not his fault that bla bla bla. He also has no responsibility for Medical costs for Medicare, he is simply an old man of 70 odd years who has been taking advantage of Medicare (Ronnies speech about it leading to communism is likely forgotten by him) since he was 65. But he deserves it, no other senior does. Or maybe he is really just mad as hell that Medicaid exists at all. After all, the third world deals with the sick and disabled poor using conservative principles, he loves those systems. Old people on the street, cerebral palsy victims begging on corners, children dying because they have diarhea, etc. etc. etc. You would not last in that Hobbesian hell hole you want us to create big guy. What a pathetic person and dishonest poster.
 
Conservative said:
Neither to you but Treasury data is what debt service is paid
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:lol:

Debt service is paid on debt... not data. WTF are you talking about!?!?!

and you are just pissed off as you are paying more in FIT because of the state and local tax cap!
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What you believe does or does not piss me off isn't up for discussion. You're clearly incapable of holding your own, and so the only thing you can offer is to profess about others. It's why you suck at this debate thing.
 
Vadinho said:
Ah so here we have the full duplicity of the conservative movement on display in all its wonderful splendor. This guy paid into SS and Medicare so he deserves it. But yet he still rails about the cost of these programs. So how does this person reconcile his personal hold on his personal benefits with the non-stop barrage of bull he states about entitlements being out of control? He cannot. He is just another conservative banshee howling at the moon. What amazes me about this guy is how he never ever grasps the lies he tells himself about everything he posts. He deserves it, no one else does. He did not personally create the law that forces the government to use surplus SS revenues to buy interest bearing bonds so its not his fault that bla bla bla. He also has no responsibility for Medical costs for Medicare, he is simply an old man of 70 odd years who has been taking advantage of Medicare (Ronnies speech about it leading to communism is likely forgotten by him) since he was 65. But he deserves it, no other senior does. Or maybe he is really just mad as hell that Medicaid exists at all. After all, the third world deals with the sick and disabled poor using conservative principles, he loves those systems. Old people on the street, cerebral palsy victims begging on corners, children dying because they have diarhea, etc. etc. etc. You would not last in that Hobbesian hell hole you want us to create big guy. What a pathetic person and dishonest poster.
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LOL, and there in lies the reality of liberalism where someone else is supposed to pay for your personal responsibility issues? That speaks volumes about you and how you were raised

What is out of control is liberalism, borrowing from the SS and Medicare trust fund to pay for more social engineering and vote buying. Everyone that was forced to contribute to SS and Medicare deserve to their their money back so not sure where you are coming from but obviously a big gov't liberal like you has a problem with people getting their money back from their forced contributions.
 
Kushinator said:
:lol:

Debt service is paid on debt... not data. WTF are you talking about!?!?!



What you believe does or does not piss me off isn't up for discussion. You're clearly incapable of holding your own, and so the only thing you can offer is to profess about others. It's why you suck at this debate thing.
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Yes it is, debt created by the use of SS and Medicare trust fund money and never paid back. I gave you the budget for 2018 and the amount requested, amount approved and amount spent. I also gave you the Treasury data showing FIT and CIT contributions. You ignored both and continue to talk about baseline revenue but never about the reality that you hate the tax cuts because you are now paying more in FIT because of the inability to deduct all your high state and local taxes. the Trump tax cuts didn't create the deficit, rampant out of control liberalism and the buying of votes did
 
Conservative said:
LOL, and there in lies the reality of liberalism where someone else is supposed to pay for your personal responsibility issues? That speaks volumes about you and how you were raised

What is out of control is liberalism, borrowing from the SS and Medicare trust fund to pay for more social engineering and vote buying. Everyone that was forced to contribute to SS and Medicare deserve to their their money back so not sure where you are coming from but obviously a big gov't liberal like you has a problem with people getting their money back from their forced contributions.
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Yet another burst of bull avoiding the point and throwing feces like a caged gorilla mad as hell. You got nothing buddy. I destroyed you. As has been stated to you countless times, your diatribes about entitlements are nothing but a smokescreen for your heartless worldviews. Get a life and repent before you die a miserable old man.
 
Vadinho said:
Yet another burst of bull avoiding the point and throwing feces like a caged gorilla mad as hell. You got nothing buddy. I destroyed you. As has been stated to you countless times, your diatribes about entitlements are nothing but a smokescreen for your heartless worldviews. Get a life and repent before you die a miserable old man.
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Of course you destroyed me for in that liberal warped mind you have actual data and logic have no place. Entitlements is what you thrive on as you cannot compete in the private sector. Your state is a fiscal disaster and you are upset that Trump capped your local and state taxes on your federal return which brought to like the true cost of liberalism that you want to ignore.

Keep believing you are winning the debate as your state is turning into a third world utopia
 
Conservative said:
Of course you destroyed me for in that liberal warped mind you have actual data and logic have no place. Entitlements is what you thrive on as you cannot compete in the private sector. Your state is a fiscal disaster and you are upset that Trump capped your local and state taxes on your federal return which brought to like the true cost of liberalism that you want to ignore.

Keep believing you are winning the debate as your state is turning into a third world utopia
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Tell us how you get to conservative fiscal nirvana by not touching the entitlements you personally use to survive on this planet or shut up. Just go ahead admit what you really want. A total and complete elimination of Medicaid. Go for it old man, get as mean and cruel as you like. Put tens of millions of poor people out on the street while you soak up all the SS and Medicare you want. What a piece of work.
 
Vadinho said:
Tell us how you get to conservative fiscal nirvana by not touching the entitlements you personally use to survive on this planet or shut up. Just go ahead admit what you really want. A total and complete elimination of Medicaid. Go for it old man, get as mean and cruel as you like. Put tens of millions of poor people out on the street while you soak up all the SS and Medicare you want. What a piece of work.
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Personally use to survive?? Really? Have we met? Do you know my financial situation? you think it is appropriate to pay into a system for 35 years putting well over six digits between my employer and me and then not getting any of that back? You seem totally clueless when it comes to things like return on investment. Have you ever heard of the concept called "neighbor helping neighbor"? What makes a federal bureaucrat a neighbor?

You obviously are part of the California problem, a liberal education that teaches you that someone else should pay for your personal responsibility issues and that should be someone in D.C. not your own state! Obviously you don't know the difference between Medicare and Medicaid which is part of your problem. Soaking up SS and Medicare?? OMG, what the hell is wrong with you people?

My wife worked, contributed to SS and Medicare for years, died at age 62, any idea how much of her contribution I got back?? I would expect at least a thank you from people like you who are now using her contributions as the money certainly isn't going to her family
 
Conservative said:
Yes it is, debt created by the use of SS and Medicare trust fund money and never paid back.
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The Trust Funds will be made whole, and will exhaust by around 2030. I've already explained the mechanics... so there is no excuse for your persistant use of misinformation.

continue to talk about baseline revenue
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Revenue has grown below the baseline, and is a direct contributor to deficit growth.

Trump tax cuts didn't create the deficit
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Never said he did. Only he presided under immense deficit growth, and we will now have a $1 trillion fiscal deficit with unemployment below 4%. There simply isn't any excuse for this type of policy failure.
 
Kushinator said:
The Trust Funds will be made whole, and will exhaust by around 2030. I've already explained the mechanics... so there is no excuse for your persistant use of misinformation.



Revenue has grown below the baseline, and is a direct contributor to deficit growth.



Never said he did. Only he presided under immense deficit growth, and we will now have a $1 trillion fiscal deficit with unemployment below 4%. There simply isn't any excuse for this type of policy failure.
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What you haven't explained is why the 2018 deficit according to the link I gave you shows that most of the deficit for 2018 was entitlement spending and debt service neither of which have anything to do with Presidential spending or the tax cuts

Why is Federal revenue growth above the baseline so important to you vs. reigning in gov't spending? Deficit growth is due to entitlements and interest expenses on the debt inherited and that was affected by 7 interest rate hikes
 
Conservative said:
What you haven't explained is why the 2018 deficit according to the link I gave you shows that most of the deficit for 2018 was entitlement spending and debt service neither of which have anything to do with Presidential spending or the tax cuts
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Once again... a deficit is defined as:

Government Revenue - Government Spending < 0

Your paltry attempts to ignore revenue shortfalls have been rejected.
 
Kushinator said:
Once again... a deficit is defined as:

Government Revenue - Government Spending < 0

Your paltry attempts to ignore revenue shortfalls have been rejected.
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Yes it is and that includes entitlement and debt service. Your argument is moot but I do thank you for finally paying your share of FIT due to the inability to deduct all your high state and local taxes
 
Conservative said:
Yes it is and that includes entitlement and debt service.
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Never have i claimed anything to the contrary.

Your predictions have never come to pass, and now you're in full projection mode as means of processing the failure of your ideology. Do you want to wager on the upcoming recession? How about the upcoming election?
 
Kushinator said:
Never have i claimed anything to the contrary.

Your predictions have never come to pass, and now you're in full projection mode as means of processing the failure of your ideology. Do you want to wager on the upcoming recession? How about the upcoming election?
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Thus you sweep the entitlement and interest expense spending under the rug and expect to pay for it out of FIT and CIT without ever explaining it to the taxpayers as you continue to blame the President and Republicans for the deficits. As I recall, Republicans didn't put SS and Medicare on budget thus weren't alone in created the 20 trillion dollar debt that Trump inherited and the debt service on that debt which was increased due to the 7 interest rate hikes

so since Trump is the problem which Democrat is going to offer us the solutions that you deem necessary? What democratic economic policies are going to address the deficits and the so called looming recession? Raising taxes on the rich?
 
Conservative said:
Thus you sweep the entitlement and interest expense spending under the rug
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This is false. Spending was projected to increase to these levels at the baseline. It's revenue that has lagged moving forward.

expect to pay for it out of FIT and CIT
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I've already explained the mechanics. Intergovernmental holdings will become regular old Treasury debt. The reimberssment has nothing to do with FIT or CIT... i've even explained this. So do yourself a favor and try to learn. I'm not responsible for your inability to retain knowledge.

This is all an act. You don't have enough faith in your ideology to wager on the upcoming recession or 2020 election outcomes. All you're here to do is project anti-intellectualism for the sake of your failed ideology.

Deficits are only a problem when Republicans are not occupying the WH or Congress.
 
Conservative said:
Do you want to dispute the Federal Reserve Chairperson?

Janet Yellen to Wall Street: A recession is unlikely | Fox Business
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She's the former Fed Chairman, and what do you expect her to say?

Her exact quote was:
When asked if the United States is headed into a recession, Yellen said “I think the answer is most likely no. I think the U.S. economy has enough strength to avoid that, but the odds have clearly risen and they’re higher than I’m frankly comfortable with,” she said.
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Kushinator said:
This is false. Spending was projected to increase to these levels at the baseline. It's revenue that has lagged moving forward.



I've already explained the mechanics. Intergovernmental holdings will become regular old Treasury debt. The reimberssment has nothing to do with FIT or CIT... i've even explained this. So do yourself a favor and try to learn. I'm not responsible for your inability to retain knowledge.

This is all an act. You don't have enough faith in your ideology to wager on the upcoming recession or 2020 election outcomes. All you're here to do is project anti-intellectualism for the sake of your failed ideology.

Deficits are only a problem when Republicans are not occupying the WH or Congress.
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Projected spending on what? Deficits are a problem because of Democrats not solely Republicans as the problem continues to be entitlement spending and the abuse of those tax dollars
 
Kushinator said:
She's the former Fed Chairman, and what do you expect her to say?

Her exact quote was:
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And you don't have a solution just want to whine and complain about Trump and Republicans. Yellen was Chairman under Obama and I believe her opinion is much better than yours. Unlike you I won't whine and complain about projections but rather celebrate results.

Janet Yellen says yield curve inversion may be false recession signal

“Historically, [the yield curve inversion] has been a pretty good signal of recession and it think that’s when markets pay attention to it but I would really urge that on this occasion it may be a less good signal,”
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Conservative said:
And you don't have a solution just want to whine and complain about Trump and Republicans. Yellen was Chairman under Obama and I believe her opinion is much better than yours. Unlike you I won't whine and complain about projections but rather celebrate results.
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I understand, this is all a charade. You don't really believe in this garbage you spew, as you are refusing to make any predictions of what's to come. You're well aware of my stance.
 
Kushinator said:
I understand, this is all a charade. You don't really believe in this garbage you spew, as you are refusing to make any predictions of what's to come. You're well aware of my stance.
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The feeling is likewise, don't think much of the garbage you spew either as you are out of touch with reality

the 2017 budget from Obama was 1149.4, Trump's was 1182.3 and 1219.1 was spent by Congress

In 2018 1.28 trillion was spent or 90 billion more than 2017 and of course no inflation as evidenced by the 7 interest rate hikes 2017-2018 with a 40 billion dollar increase in revenue meaning the Trump spending was 50 billion more in 2018 than revenue generated. Facts just continue to get in the way of your partisan, left wing non independent rhetoric.
 
Conservative said:
Thus you sweep the entitlement and interest expense spending under the rug and expect to pay for it out of FIT and CIT without ever explaining it to the taxpayers as you continue to blame the President and Republicans for the deficits. As I recall, Republicans didn't put SS and Medicare on budget thus weren't alone in created the 20 trillion dollar debt that Trump inherited and the debt service on that debt which was increased due to the 7 interest rate hikes

so since Trump is the problem which Democrat is going to offer us the solutions that you deem necessary? What democratic economic policies are going to address the deficits and the so called looming recession? Raising taxes on the rich?
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We are at the highest income discrepancy gap in US history, but Trump and the merry band of Republicans gave tax cuts that primarily benefit the wealthy. And then they want to Democrats to make up the resulting deficit by cutting programs for the mentally, physically, and emotionally disabled.

You've already stated that you want to turn the care for the disabled over to the churches or completely to the States. And yet, when pressed for details, your plans were so full of holes, that I started smelling Swiss cheese.
 
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