• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Budget Review for FY2019

jonny5

jonny5

DP Veteran
Joined
Mar 4, 2012
Messages
27,581
Reaction score
4,664
Location
Republic of Florida
Gender
Male
Political Leaning
Libertarian
Summary
Total Receipts: Up by 4 Percent in Fiscal Year 2019
Total Outlays: Up by 8 Percent in Fiscal Year 2019


As always, spending is the problem. Had they simply not increased spending by 4%, there would have been no increase in the deficit.
That increased spending was mostly on mandatory outlays. Social Security, Medicare, Medicaid. And then Interest on the debt, student loan subsidies, DOD. We actually spent more on interest than we spent more on defense.

Oct 1 begins a new fiscal year, so off we go again collecting 300bn a month, and spending 400bn.

Monthly Budget Review for September 2019 | Congressional Budget Office

MTAtech will now tell you how tax cuts are to blame for all your woes.
 
jonny5 said:
Summary
Total Receipts: Up by 4 Percent in Fiscal Year 2019
Total Outlays: Up by 8 Percent in Fiscal Year 2019


As always, spending is the problem. Had they simply not increased spending by 4%, there would have been no increase in the deficit.
That increased spending was mostly on mandatory outlays. Social Security, Medicare, Medicaid. And then Interest on the debt, student loan subsidies, DOD. We actually spent more on interest than we spent more on defense.

Oct 1 begins a new fiscal year, so off we go again collecting 300bn a month, and spending 400bn.

Monthly Budget Review for September 2019 | Congressional Budget Office

MTAtech will now tell you how tax cuts are to blame for all your woes.
Click to expand...

If 100% of non-defense, federal discretionary spending was cut then there would still be a federal deficit. The problem is that taxing more is politically less popular than spending more is - so long as federal deficit spending results in a congressional re-election rate of over 90% then there will be no fiscal policy change.
 
ttwtt78640 said:
If 100% of non-defense, federal discretionary spending was cut then there would still be a federal deficit. The problem is that taxing more is politically less popular than spending more is - so long as federal deficit spending results in a congressional re-election rate of over 90% then there will be no fiscal policy change.
Click to expand...

Baby steps. Just stop increasing spending more than revenue. No 'cuts' needed.
 
jonny5 said:
Baby steps. Just stop increasing spending more than revenue. No 'cuts' needed.
Click to expand...

Yep, and possibly, in about 15 to 20 years, the federal deficit would go away. As you (and I) have noted - very little of that federal spending increase is for non-defense, discretionary spending. Most of the spending increase is in "mandatory" entitlement and debt service costs.
 
When was the last real Federal budget passed?

Sept, 2016.
 
ttwtt78640 said:
Yep, and possibly, in about 15 to 20 years, the federal deficit would go away. As you (and I) have noted - very little of that federal spending increase is for non-defense, discretionary spending. Most of the spending increase is in "mandatory" entitlement and debt service costs.
Click to expand...

Well again, baby steps. 1. stop increasing the defict. 2. spend a little less than the increase in revenue 3. profit
 
This is the biggest failing of both parties.
 
jonny5 said:
Summary
Total Receipts: Up by 4 Percent in Fiscal Year 2019
Total Outlays: Up by 8 Percent in Fiscal Year 2019


As always, spending is the problem. Had they simply not increased spending by 4%, there would have been no increase in the deficit.
That increased spending was mostly on mandatory outlays. Social Security, Medicare, Medicaid. And then Interest on the debt, student loan subsidies, DOD. We actually spent more on interest than we spent more on defense.

Oct 1 begins a new fiscal year, so off we go again collecting 300bn a month, and spending 400bn.

Monthly Budget Review for September 2019 | Congressional Budget Office

MTAtech will now tell you how tax cuts are to blame for all your woes.
Click to expand...

I will tell you instead. Tax cuts are partly to blame. When Tax Cuts were passed, Republicans had control of the House, the Senate, and the Presidency. They not only didn't balance the budget, but they skyrocketed the deficit while widening income gaps.
 
jonny5 said:
Summary
Total Receipts: Up by 4 Percent in Fiscal Year 2019
Total Outlays: Up by 8 Percent in Fiscal Year 2019


As always, spending is the problem. Had they simply not increased spending by 4%, there would have been no increase in the deficit.
That increased spending was mostly on mandatory outlays. Social Security, Medicare, Medicaid. And then Interest on the debt, student loan subsidies, DOD. We actually spent more on interest than we spent more on defense.

Oct 1 begins a new fiscal year, so off we go again collecting 300bn a month, and spending 400bn.

Monthly Budget Review for September 2019 | Congressional Budget Office

MTAtech will now tell you how tax cuts are to blame for all your woes.
Click to expand...

Oh jonny, instead of dishonestly "misparaphrasing" MTA, why you don't acknowledge the simple fact that tax cuts increase the deficit. I know you wont because you obediently cling to delusional narratives that "republicans are fiscally responsible" and "its only a spending a problem". You even clung to "its only a spending a problem" when your own "logic" proved it false.

jonny5 said:
Not a lie at all. Spending more than you take in is indeed a spending problem. I was simply point out that the govt collected about the same amount of revenue as is always does, 18% of GDP.
Click to expand...

Yep, you posted that "18%" narrative when revenue was 15.3% but still hilariously claimed it was only a spending problem. and you've posted it several times. Here you reiterated the 18% and said "all was back to normal" in 2014.
jonny5 said:
2014 estimate 17,011.4 17.8 22.2
Click to expand...

Forget for a second that 18% is your magic opinion of what is normal. We collected 17.2% in 2017, 16.5% in 2018 and according your link, we are on pace collect 16.3%. so again, your own "logic" is its not just a spending problem. And fyi Jonny, when you post what you know is false, its called a lie.
 
I snipped too much of that 2nd quote
jonny5 said:
And still is since revenue have returned to normal, but spending hasn't.

2014 estimate 17,011.4 17.8 22.2
Click to expand...

Anyhoo jonny, can you think of any reason why revenues are going down below "normal" % of GDP?
 
The new deficit figures reflect the folly of the most recent tax cut legislation. When will they ever learn?
 
You must log in or register to reply here.
Back
Top Bottom