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Budget deficit smashes $1 trillion mark, the highest in seven years

WCH said:
"should"? That sounds confident.


Regardless, what I said still hold true.
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Jesus. Learn to read and understand English.
 
Trump just lies about everything. He lies to his wives and mistresses. He lies to vendors and subcontractors. He lies to the American public constantly.

He might be the most display person (not just politician) that any of us will ever see.
 
Vadinho said:
Why do we need to spend 600 billion every year on war?
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We don't. But the point is that WCH's claims that Obama somehow gutted the military, and that somehow justifies Trump's deficits, are patently false. Not only did Obama spend more on military during his term, but Trump has not significantly increased military spending during his.
 
Kushinator said:
Yes, that's how fiscal policy should play out.



What you said is just a deflection from the failure of your ideology.
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None of them are doing a good job on the fiscal end.

What ideology is 'Independent'? Straight up asshole?
 
CaughtInThe said:
Trump just lies about everything. He lies to his wives and mistresses. He lies to vendors and subcontractors. He lies to the American public constantly.

He might be the most display person (not just politician) that any of us will ever see.
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The only currently phenomenon worse than the Trump/Republican deficit is the fact that the Democratic candidates aren't talking about it. They have the proven track record. Why do they shy away from this topic? Republican track record has been pathetic since the 1980s.
 
WCH said:
Pushing 10. We weren't discussing the unemployment rate.
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Exactly.

You realize that you are picking and choosing the data, rather than let all the data speak for themselves right?

The fact is that deficits during economic downswings.. do make sense to stabilize a faultering economy.

Deficits.. particularly large deficits.. during good economic times.. have the potential to create a unsustainable boom..leading to a crash. May crowd out private investment.

And reduce the ability to increase deficit spending when its necessary.
 
Media_Truth said:
The only currently phenomenon worse than the Trump/Republican deficit is the fact that the Democratic candidates aren't talking about it. They have the proven track record. Why do they shy away from this topic? Republican track record has been pathetic since the 1980s.
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Because the democrats currently want to increase deficit spending themselves... from healthcare to the Green NEW deal, to infrastructure.

Bernie not only wants to extend Medicare for all..but his proposal would also increase benefits from where they currently are. In fact.. benefits would be much higher than almost any other nation. You cannot get the savings of other nations on healthcare.. when you don;t do the things.. like control whats covered.. that they do.

And how would they decrease the deficit? What spectacular spending has Trump added to the bill? Not a lot of extraordinary items. He added to the deficit by lower taxes.

Well..how popular for the general masses.. the independents when democrats talk about raising taxes. In order to reduce the deficit that they have never worried about before.

The democrats know that they will get caught in a hypocrisy.

Its harder for republicans to get caught in the hypocrisy because they have the "lower taxes puts more money in peoples hands to spend " schtick.

AND rarely do they do a big spending program.. and if they do.. the the Expansion of Medicare to include pharmaceuticals, well then democrats went along with it.
 
jaeger19 said:
Because the democrats currently want to increase deficit spending themselves... from healthcare to the Green NEW deal, to infrastructure.

Bernie not only wants to extend Medicare for all..but his proposal would also increase benefits from where they currently are. In fact.. benefits would be much higher than almost any other nation. You cannot get the savings of other nations on healthcare.. when you don;t do the things.. like control whats covered.. that they do.

And how would they decrease the deficit? What spectacular spending has Trump added to the bill? Not a lot of extraordinary items. He added to the deficit by lower taxes.

Well..how popular for the general masses.. the independents when democrats talk about raising taxes. In order to reduce the deficit that they have never worried about before.

The democrats know that they will get caught in a hypocrisy.

Its harder for republicans to get caught in the hypocrisy because they have the "lower taxes puts more money in peoples hands to spend " schtick.

AND rarely do they do a big spending program.. and if they do.. the the Expansion of Medicare to include pharmaceuticals, well then democrats went along with it.
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Some of the Dems have more grandiose ideas that others. Historically, in the last 50 years, the DEMs have done a much better job with fiscal responsibility. The candidates should be blasting the Republicans for their failures.
 
Media_Truth said:
The only currently phenomenon worse than the Trump/Republican deficit is the fact that the Democratic candidates aren't talking about it. They have the proven track record. Why do they shy away from this topic? Republican track record has been pathetic since the 1980s.
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Trump's system of management is to create as much chaos as possible. It keeps people chasing every insane thing he says and does. So, they are talking about it but they're also talking about all the other crazy things he says and does.

Don't you wish you had a boss like Trump?
 
Media_Truth said:
Some of the Dems have more grandiose ideas that others. Historically, in the last 50 years, the DEMs have done a much better job with fiscal responsibility. The candidates should be blasting the Republicans for their failures.
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Their plans belie any deficit trimming.
 
Media_Truth said:
Some of the Dems have more grandiose ideas that others. Historically, in the last 50 years, the DEMs have done a much better job with fiscal responsibility. The candidates should be blasting the Republicans for their failures.
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Like I said..they can't. The reality is that when the "Dems do a better job"..its been when there has been a democratic president.. who was then reigned in by a republican congress. Bill Clinton.. Obama.. are two examples. Both of them would probably have preferred more spending. Obama would have particularly to get out of the recession. Clinton probably would have as well. But both had republican congresses that acted like deficit hawks (though it went away when a republican was in the presidency.).

But at the end of the day.. touting the deficit reduction for Obama.. or for Clinton is not going to win the election for democrats.
 
MTAtech said:
[h=1]Budget deficit smashes $1 trillion mark, the highest in seven years[/h]
Are we great again yet?

Just like many of us said, the tax-cuts contributed to lower revenue that contributed to the higher deficit. Also, this puts to rest the myth that Democrats are the big spenders, as higher spending occurred when the Republicans were in full control.
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Except that when Democrats were last in full control they set a record for spending of 24.4% of GDP. 2010 when they also had majorities, was the next largest spending year at 23.3%. 2011 the third though Republicans took back the House.

But so what? The deficit it high. The math still hasnt changed. Revenue is up, spending is up more. And democrats are passing the same spending increases as Republicans.

Revenues were $102 billion higher and outlays were $271 billion higher than in the same period in fiscal year 2018.
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https://www.cbo.gov/system/files/2019-09/55598-CBO-MBR-Aug2019.pdf
 
jonny5 said:
Except that when Democrats were last in full control they set a record for spending of 24.4% of GDP. 2010 when they also had majorities, was the next largest spending year at 23.3%. 2011 the third though Republicans took back the House.

But so what? The deficit it high. The math still hasnt changed. Revenue is up, spending is up more. And democrats are passing the same spending increases as Republicans.



https://www.cbo.gov/system/files/2019-09/55598-CBO-MBR-Aug2019.pdf
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There are no fiscal conservatives in Washington. We won't vote for them, because tax cuts are popular, spending cuts are not. It really doesn't matter which party is in power at any given time.
 
MTAtech said:
[h=1]Budget deficit smashes $1 trillion mark, the highest in seven years[/h]
Are we great again yet?

Just like many of us said, the tax-cuts contributed to lower revenue that contributed to the higher deficit. Also, this puts to rest the myth that Democrats are the big spenders, as higher spending occurred when the Republicans were in full control.
Click to expand...

Well, you are right, the party of limited government is no more during the Trump era. The republicans are slaves to the Trump machine, shaking in their boots to even attempt to speak up against the Orange Dictator of the Republican party. All their faces are a slight hue of orange due to them kissing his butt or his ring finger like the Don of his own semi criminal gang of corrupt cronies.

The issue is that you can either vote for the party of tax and spend (within reason/the democrats) or you vote for the party of not taxing (well really not taxing the rich or the powerful) and spend spend spend (except for the things that benefit common people/the middle and lower classes).

The republican party has been taken over by special interests and the rich so that they can benefit themselves. And as long as this is the case the deficit will not seriously decrease.
 
Dittohead not! said:
There are no fiscal conservatives in Washington. We won't vote for them, because tax cuts are popular, spending cuts are not. It really doesn't matter which party is in power at any given time.
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Spending cuts are popular as long as they are seen as cuts on "welfare". People love to hear about cutting a hungry kid getting a sandwhich in school... and meanwhile don;t know or care about a defense contracture getting 100,000 charging for a toilet seat.
 
jonny5 said:
Except that when Democrats were last in full control they set a record for spending of 24.4% of GDP. 2010 when they also had majorities, was the next largest spending year at 23.3%. 2011 the third though Republicans took back the House.

But so what? The deficit it high. The math still hasnt changed. Revenue is up, spending is up more. And democrats are passing the same spending increases as Republicans.



https://www.cbo.gov/system/files/2019-09/55598-CBO-MBR-Aug2019.pdf
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NEWSFLASH: Fractions have Denominators!
During the financial crisis, GDP (denominator) was low. Spending was up because automatic safety net spending, such as unemployment insurance, kicked in. So, if you are claiming that Democrats created vast new programs and spent more in 2010, name the programs.

usgs_line.php
usgs_line.php
 
WCH said:
And BTW; if any of the far Left Dems get into office with their free-**** programs, Katy bar the door on deficit spending.
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I get free **** from the government -- so do you most likely. Businesses do, workers do, republicans and democrats do. We all suck at a different teat of the same sow. All the sturm und drang about democrats as free spenders is BS. Democrats tax and spend; republicans spend but don't tax. Since Reagan, deficit spending has belonged to the GOP.
 
Nickyjo said:
I get free **** from the government -- so do you most likely. Businesses do, workers do, republicans and democrats do. We all suck at a different teat of the same sow. All the sturm und drang about democrats as free spenders is BS. Democrats tax and spend; republicans spend but don't tax. Since Reagan, deficit spending has belonged to the GOP.
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None of what you get is free and none of what is being proposed by the Left is fathomable much less free.
 
Nickyjo said:
I get free **** from the government -- so do you most likely. Businesses do, workers do, republicans and democrats do. We all suck at a different teat of the same sow. All the sturm und drang about democrats as free spenders is BS. Democrats tax and spend; republicans spend but don't tax. Since Reagan, deficit spending has belonged to the GOP.
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The problem is, the right wing doesn't believe the Poor are worth equality or equal protection of the law under our form of Capitalism.
 
If Trump Republicans come into this thread and complain about the deficit or the debt I'm gonna give them high praise. Because they harped on the debt, which is created by the deficit, for 8 years. If they have integrity now I think we should applaud them.
 
CaughtInThe said:
If Trump Republicans come into this thread and complain about the deficit or the debt I'm gonna give them high praise. Because they harped on the debt, which is created by the deficit, for 8 years. If they have integrity now I think we should applaud them.
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the democrats had better reasons for deficit spending and those forms of wealth redistribution.

all the right wing does, is help the Richest the most under our form of Capitalism.
 
MTAtech said:
NEWSFLASH: Fractions have Denominators! [COLOR]
During the financial crisis, GDP (denominator) was low. Spending was up because automatic safety net spending, such as unemployment insurance, kicked in. So, if you are claiming that Democrats created vast new programs and spent more in 2010, name the programs.

https://www.usgovernmentspending.com/usgs_line.php?title=Total%20Spending&units=p&size=m&legend=Total%20Spending-fed&year=2007_2024&sname=US&bar=1&stack=1&col=c&source=a_a_a_a_a_a_a_a_a_a_a_a_b_b_b_b_b_b&spending0=18.88_20.27_24.35_23.06_23.18_21.77_20.58_20.01_20.26_20.59_20.43_20.05_21.27_21.18_20.99_20.92_20.49_19.96[IMG] [IMG]https://www.usgovernmentspending.com/usgs_line.php?title=Total%20Spending&units=b&size=m&legend=Total%20Spending-fed&year=2001_2024&sname=US&bar=1&stack=1&col=c&source=a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_a_b_b_b_b_b_b&spending0=1862.85_2010.89_2159.90_2292.84_2471.96_2655.05_2728.69_2982.54_3517.68_3457.08_3603.06_3526.56_3454.88_3506.28_3691.85_3852.61_3981.63_4109.04_4529.19_4745.57_4945.20_5177.48_5330.08_5452.99[IMG][/QUOTE]

Suddenly you care about context. How about some real numbers then showing not only was spending relative to GDP high, but total spending was the highest ever at the time, with Democrats holding total control in 2009-2010.

2006 2,655.1
2007 2,728.7
2008 2,982.5
2009 3,517.7
2010 3,457.1

And now with them in charge of the appropriations and taxes, the deficit and spending is creeping back up.
Face it. This idea that Democrats are any better than Republicans on spending is the real myth. Accept it and we can move forward. Do you even care about debt or just as a tool to blast Republicans?
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