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How big will this year's deficit be?

Kushinator said:
:lamo

This is an impasse....

I'm not trying to be elected.
Click to expand...

No, you support the liberal ideology which is bottom line in the election. Liberalism is a fraud just like Obama was a fraud, results matter, results that you continue to ignore

Your understanding of return on investment is staggering for that is the difference between Obama's debt and Trump debt. Obama's due to incompetence and poor economic policies, Trump's due to pandemic and economic shutdown

Pre pandemic results!!

There seems to be a real disconnect when it comes to debt and the results generated from that debt thus showing that all debt isn't equal. What exactly did the American taxpayers get out of the Obama debt??

1. The worst recovery from a major recession in modern history
2. Employment not getting back to pre recession levels until 2014
3. Record numbers of part time for economic reason employment meaning part time jobs thus lower taxpaying jobs
4. 500 billion average annual GDP growth for 8 years(4.0 Trillion GDP growth)
5. 9.3% U-6 Unemployment rate
6. Bail out of the pubic sector and claimed saved jobs which didn't generate the promised new jobs thus new taxpayers from 842 billion dollar shovel ready jobs stimulus

What have we gotten for the Trump debt

1. Strong economic growth, 900 billion average GDP growth 2017-2018-2019(2.7 trillion growth)
2. Employment of 6.6 million jobs created in 3 years vs. 6 million jobs created prior to taking office the last 9 years
3. 6.9% U-6 vs. 9.3% that he inherited
4. 1.4 million fewer part time for economic reason employees than inherited
5. 6% African American unemployment vs. the 8% inherited
6. Record state and local tax revenue due to consumer spending as a result of the tax cuts
7. No massive Gov't stimulus program pre pandemic
 
Conservative said:
No, you support the liberal ideology which is bottom line in the election. Liberalism is a fraud just like Obama was a fraud, results matter, results that you continue to ignore

Your understanding of return on investment is staggering for that is the difference between Obama's debt and Trump debt. Obama's due to incompetence and poor economic policies, Trump's due to pandemic and economic shutdown

Pre pandemic results!!

There seems to be a real disconnect when it comes to debt and the results generated from that debt thus showing that all debt isn't equal. What exactly did the American taxpayers get out of the Obama debt??

1. The worst recovery from a major recession in modern history
2. Employment not getting back to pre recession levels until 2014
3. Record numbers of part time for economic reason employment meaning part time jobs thus lower taxpaying jobs
4. 500 billion average annual GDP growth for 8 years(4.0 Trillion GDP growth)
5. 9.3% U-6 Unemployment rate
6. Bail out of the pubic sector and claimed saved jobs which didn't generate the promised new jobs thus new taxpayers from 842 billion dollar shovel ready jobs stimulus

What have we gotten for the Trump debt

1. Strong economic growth, 900 billion average GDP growth 2017-2018-2019(2.7 trillion growth)
2. Employment of 6.6 million jobs created in 3 years vs. 6 million jobs created prior to taking office the last 9 years
3. 6.9% U-6 vs. 9.3% that he inherited
4. 1.4 million fewer part time for economic reason employees than inherited
5. 6% African American unemployment vs. the 8% inherited
6. Record state and local tax revenue due to consumer spending as a result of the tax cuts
7. No massive Gov't stimulus program pre pandemic
Click to expand...

Same BS over and over how about getting back on topic
Obama and what happened several years ago is not the subject
it happens to be how big will this years deficit be.
so far it is the largest in years and it is going up and up and we still have 4 months to go
I know the CV thing wasn't Trump's doing but the first two years of his admin. he had a completely Republican Congress and still ran it up and up when they all said they were going to cut it
Have a nice day
 
Tbird19482 said:
Same BS over and over how about getting back on topic
Obama and what happened several years ago is not the subject
it happens to be how big will this years deficit be.
so far it is the largest in years and it is going up and up and we still have 4 months to go
I know the CV thing wasn't Trump's doing but the first two years of his admin. he had a completely Republican Congress and still ran it up and up when they all said they were going to cut it
Have a nice day
Click to expand...

Sorry but your love affair with Obama ignores the reality of return on investment for the debt that continues to grow. The first two years of Trump saw 7 interest rate increases that doubled the debt service. It also saw mandatory entitlement spending increases. there is over 6 trillion dollars in Inter government holding debt included in the total U.S. debt. Debt service and entitlement spending is most of the deficit increases during the Trump first two years. Seems that facts get in the way of your rhetoric and your rhetoric shows total ignorance of data including the line items in the budget.

Your rhetoric also ignores the return on investment the Trump economic policies have generated therefore return on investment is part of this thread topic. It is just another subject you don't understand

You want to blame Trump for increasing the debt which today is due almost entirely to the pandemic, how big, no one knows but the sooner the economy reopens the lower that deficit is going to be. Obviously you believe a shutdown economy benefits the left. The reopening doesn't!!
 
Tbird19482 said:
Same BS over and over how about getting back on topic
Obama and what happened several years ago is not the subject
it happens to be how big will this years deficit be.
so far it is the largest in years and it is going up and up and we still have 4 months to go
I know the CV thing wasn't Trump's doing but the first two years of his admin. he had a completely Republican Congress and still ran it up and up when they all said they were going to cut it
Have a nice day
Click to expand...

You might just want to consider that you have been all wrong about Trump for the past three years, off topic to some extent but interesting

Ryan Moran - What Everyone Gets Wrong About Trump | Facebook
 
Conservative said:
Sorry but your love affair with Obama ignores the reality of return on investment for the debt that continues to grow. The first two years of Trump saw 7 interest rate increases that doubled the debt service. It also saw mandatory entitlement spending increases. there is over 6 trillion dollars in Inter government holding debt included in the total U.S. debt. Debt service and entitlement spending is most of the deficit increases during the Trump first two years. Seems that facts get in the way of your rhetoric and your rhetoric shows total ignorance of data including the line items in the budget.

Your rhetoric also ignores the return on investment the Trump economic policies have generated therefore return on investment is part of this thread topic. It is just another subject you don't understand

You want to blame Trump for increasing the debt which today is due almost entirely to the pandemic, how big, no one knows but the sooner the economy reopens the lower that deficit is going to be. Obviously you believe a shutdown economy benefits the left. The reopening doesn't!!
Click to expand...

I said Trump didn't have anything to do with the CV thing and the debt going up since then , if you would have read what I posted
But that does not excuse him for the last two years of deficits / debt going up and up
Time to get off your anti Obama BS and get back on topic
and I never said the shutdown benefited anyone ( you are the one doing that )
Trump told us to shut down and then pushed the reopening back onto the govenors and I am sure now that in some of the states where they opened up and the rate of people getting the CV has started going up it will be all their fault for opening up too soon
We all know Trump is NEVER at fault for anythingbad only stuff that is good
Have a nice day
 
Tbird19482 said:
I said Trump didn't have anything to do with the CV thing and the debt going up since then , if you would have read what I posted
But that does not excuse him for the last two years of deficits / debt going up and up
Time to get off your anti Obama BS and get back on topic
and I never said the shutdown benefited anyone ( you are the one doing that )
Trump told us to shut down and then pushed the reopening back onto the govenors and I am sure now that in some of the states where they opened up and the rate of people getting the CV has started going up it will be all their fault for opening up too soon
We all know Trump is NEVER at fault for anythingbad only stuff that is good
Have a nice day
Click to expand...

Yes, that is what you said and yet you ignored the response to the 17/18 deficits and what caused those. How were those Trump's responsibility?

what we know is that you will never give Trump credit for anything and will always focus on rhetoric not substance. Trump's economic results are on full display results generated by conservative economic policies promoted by the Executive Orders issued almost day one after taking office then the tax cuts.

You continue to focus on the belief that the 07/09 recession was the cause of the poor recovery when the reality is it was the Obama policies that led to that poor recovery showing again that you don't understand the private sector nor did Obama.

How big is this year's deficits going to be?? No one knows but we do know that you will be blaming Trump for them, promoting a return to Democratic nanny state economics, and promoting another multi millionaire public servant in the WH in Biden.

Return on investment remains the key here, what are we going to get out of the Trump deficits in 2020 and what did we get out of the 9.3 trillion Obama deficits. Return on investment matters
 
Conservative said:
Yes, that is what you said and yet you ignored the response to the 17/18 deficits and what caused those. How were those Trump's responsibility?

what we know is that you will never give Trump credit for anything and will always focus on rhetoric not substance. Trump's economic results are on full display results generated by conservative economic policies promoted by the Executive Orders issued almost day one after taking office then the tax cuts.

You continue to focus on the belief that the 07/09 recession was the cause of the poor recovery when the reality is it was the Obama policies that led to that poor recovery showing again that you don't understand the private sector nor did Obama.

How big is this year's deficits going to be?? No one knows but we do know that you will be blaming Trump for them, promoting a return to Democratic nanny state economics, and promoting another multi millionaire public servant in the WH in Biden.

Return on investment remains the key here, what are we going to get out of the Trump deficits in 2020 and what did we get out of the 9.3 trillion Obama deficits. Return on investment matters
Click to expand...

OH so again if we have a DEM President the debt and anything that goes bad is all his fault and anything good isn't and if we have a Republican President the debt isn't his fault and anything that goes good is all his doing and anything bad somebody else did it
We all see how you are
have a nice day
 
Tbird19482 said:
OH so again if we have a DEM President the debt and anything that goes bad is all his fault and anything good isn't and if we have a Republican President the debt isn't his fault and anything that goes good is all his doing and anything bad somebody else did it
We all see how you are
have a nice day
Click to expand...

NO, you will never get it, it is not about the amount of the debt but what return we get off that debt. I posted what we got for the Obama debt and what we got for the Trump debt. You ignored it and went off on your partisan pro Obama love affair rant.

Congress spends the money and is going to buy votes with that spending, they are career politicians. As I explained and again you ignored, the Obama debt wasn't all due to spending, it was due mostly to the lost revenue as a result of a failed shovel job stimulus bill that never created the promoted new taxpayers, 4 million fewer in 2009, 3 million fewer in 2010. That lost revenue along with the 842 billion stimulus spending caused most of the Obama debt and that was the result of very poor economic policies

The difference between Trump and Obama is stark as are the results.
 
Conservative said:
NO, you will never get it, it is not about the amount of the debt but what return we get off that debt. I posted what we got for the Obama debt and what we got for the Trump debt. You ignored it and went off on your partisan pro Obama love affair rant.

Congress spends the money and is going to buy votes with that spending, they are career politicians. As I explained and again you ignored, the Obama debt wasn't all due to spending, it was due mostly to the lost revenue as a result of a failed shovel job stimulus bill that never created the promoted new taxpayers, 4 million fewer in 2009, 3 million fewer in 2010. That lost revenue along with the 842 billion stimulus spending caused most of the Obama debt and that was the result of very poor economic policies

The difference between Trump and Obama is stark as are the results.
Click to expand...

Trumps stimulus has not worked. 30 million jobs lost since he passed it.
 
Seems it is about time to explain the debt again to the radical left here who doesn't seem to grasp the reality of the budget and what causes the debt blaming it on the President in office and never the Congress.

U.S. Federal Budget Breakdown

Interest on the U.S. debt is forecast to be $479 billion. Interest on the approximate $23 trillion debt is the fastest-growing federal expense, expected to double by 2028.

The government expects to spend $4.746 trillion in 2020. Almost 60% of that pays for mandated benefits such as Social Security, Medicare, and Medicaid—the mandatory spending category.


The remaining $1.4 trillion pays for everything else. This is called discretionary spending. The U.S. Congress changes this amount each year, using the president's budget as a starting point.


The budget estimated that mandatory spending would be $2.841 trillion in FY 2020. This category includes entitlement programs such as Social Security, Medicare, and Medicaid, unemployment compensation, and others.

Social Security was expected to be the biggest expense at $1.102 trillion, followed by Medicare at $679 billion, then Medicaid at $418 billion.

Social Security costs are currently 100% covered by payroll taxes and interest on investments.

The discretionary budget for 2020 is $1.426 trillion. More than half goes toward military spending, including the Department of Veterans Affairs and other defense-related departments. The rest must pay for all other domestic programs. The largest of these programs are Health and Human Services, Education, and Housing and Urban Development.

Income taxes contribute $1.824 trillion or 50% of total receipts

Social Security, Medicare, and other payroll taxes add $1.295 trillion or 36%

Corporate taxes supply $255 billion or 7%

Excise taxes and tariffs contribute $157 billion or 4%

Earnings from the Federal Reserve's holdings add $49 billion or 2%. Those are interest payments on the U.S. Treasury debt the Fed acquired through quantitative easing.

Estate taxes and other miscellaneous revenue supply the remaining 2%
Click to expand...


Liberal logic, over 2 trillion dollars in tax revenue to fund discretionary budget of 1.47 trillion dollars causes deficits thus increases the debt. Is there any better example of why the left has zero credibility
 
Conservative said:
No, you support the liberal ideology
Click to expand...

Your diatribe isn't addressing the topic. Instead of being able to focus on different discussions, you make every single post about the same thing.

It's a sickness and you need to get some help.
 
Kushinator said:
Your diatribe isn't addressing the topic. Instead of being able to focus on different discussions, you make every single post about the same thing.

It's a sickness and you need to get some help.
Click to expand...

Another personal attack, this one is being reported and normally I don't do that but you are over the top
 
Conservative said:
Seems it is about time to explain the debt again to the radical left here who doesn't seem to grasp the reality of the budget and what causes the debt blaming it on the President in office and never the Congress.

U.S. Federal Budget Breakdown




Liberal logic, over 2 trillion dollars in tax revenue to fund discretionary budget of 1.47 trillion dollars causes deficits thus increases the debt. Is there any better example of why the left has zero credibility
Click to expand...

OH we see it is only the Presidents fault for the debt when a Dem. is in office ( you keep blaming Obama for the debt when he was in office and not Congress , but blame Congress when a Republican is in office, you can't have it both ways ) and not when we have a Republican is in office
so maybe you should stop blaming everything on Obama and start blaming Congress
That also goes for the slow recovery
Have a nice day
 
Tbird19482 said:
OH we see it is only the Presidents fault for the debt when a Dem. is in office ( you keep blaming Obama for the debt when he was in office and not Congress , but blame Congress when a Republican is in office, you can't have it both ways ) and not when we have a Republican is in office
so maybe you should stop blaming everything on Obama and start blaming Congress
That also goes for the slow recovery
Have a nice day
Click to expand...

Is that what you got out of the link? Stunning but not surprising. Didn't even read the first paragraph
 
Conservative said:
Another personal attack, this one is being reported and normally I don't do that but you are over the top
Click to expand...

OH so it is OK for you to attack people and belittle them but somebody else can't say a word about you
Noted
have a nice day
 
Kushinator said:
Your diatribe isn't addressing the topic. Instead of being able to focus on different discussions, you make every single post about the same thing.

It's a sickness and you need to get some help.
Click to expand...

I will save con some typing and paste his response for you.


1. The worst recovery from a major recession in modern history
2. Employment not getting back to pre recession levels until 2014
3. Record numbers of part time for economic reason employment meaning part time jobs thus lower taxpaying jobs
4. 500 billion average annual GDP growth for 8 years(4.0 Trillion GDP growth)
5. 9.3% U-6 Unemployment rate
6. Bail out of the pubic sector and claimed saved jobs which didn't generate the promised new jobs thus new taxpayers from 842 billion dollar shovel ready jobs stimulus

What have we gotten for the Trump debt

1. Strong economic growth, 900 billion average GDP growth 2017-2018-2019(2.7 trillion growth)
2. Employment of 6.6 million jobs created in 3 years vs. 6 million jobs created prior to taking office the last 9 years
3. 6.9% U-6 vs. 9.3% that he inherited
4. 1.4 million fewer part time for economic reason employees than inherited
5. 6% African American unemployment vs. the 8% inherited
6. Record state and local tax revenue due to consumer spending as a result of the tax cuts
7. No massive Gov't stimulus program pre pandemic
 
Conservative said:
Is that what you got out of the link? Stunning but not surprising. Didn't even read the first paragraph
Click to expand...

Your link doesn't tell us anything we didn't know
The President proposes a budget, it goes to the house , they add or subtract from it then it goes to the Senate they can add or subtract from it, it goes to committee where the differences are worked out then sent to the President to be signed or vetoed
But again YOU keep blaming Obama for the debt and slow recovery and not Trump
again you can't have it both ways
Have a nice day
 
99percenter said:
I will save con some typing and paste his response for you.


1. The worst recovery from a major recession in modern history
2. Employment not getting back to pre recession levels until 2014
3. Record numbers of part time for economic reason employment meaning part time jobs thus lower taxpaying jobs
4. 500 billion average annual GDP growth for 8 years(4.0 Trillion GDP growth)
5. 9.3% U-6 Unemployment rate
6. Bail out of the pubic sector and claimed saved jobs which didn't generate the promised new jobs thus new taxpayers from 842 billion dollar shovel ready jobs stimulus

What have we gotten for the Trump debt

1. Strong economic growth, 900 billion average GDP growth 2017-2018-2019(2.7 trillion growth)
2. Employment of 6.6 million jobs created in 3 years vs. 6 million jobs created prior to taking office the last 9 years
3. 6.9% U-6 vs. 9.3% that he inherited
4. 1.4 million fewer part time for economic reason employees than inherited
5. 6% African American unemployment vs. the 8% inherited
6. Record state and local tax revenue due to consumer spending as a result of the tax cuts
7. No massive Gov't stimulus program pre pandemic
Click to expand...

Thanks I am sure he needed the help
LOL
Have a nice day
 
Conservative said:
Another personal attack, this one is being reported and normally I don't do that but you are over the top
Click to expand...

You haven't been discussing the topic and have instead chosen to copypasta the same 5 responses in every single post. You're actively derailing the discussion... therefore, moderator action is more than welcome.
 
Kushinator said:
You haven't been discussing the topic and have instead chosen to copypasta the same 5 responses in every single post. You're actively derailing the discussion... therefore, moderator action is more than welcome.
Click to expand...

I think the mods warned him about copy and pasting before.
 
99percenter said:
I think the mods warned him about copy and pasting before.
Click to expand...

If he's not copy/pasting, he's calling people liberals, radicals, street-stupid, etc.... None of which contributes to the discussion.
 
Kushinator said:
If he's not copy/pasting, he's calling people liberals, radicals, street-stupid, etc.... None of which contributes to the discussion.
Click to expand...

You know he has been doing this for years
he did some of the same things on the other forum till he got kicked off
maybe the MOD. should look into him and what he does . if you are going to complain about somebody you should make sure you aren't breaking the TOS
have a nice day
 
Tbird19482 said:
You know he has been doing this for years
he did some of the same things on the other forum till he got kicked off
maybe the MOD. should look into him and what he does . if you are going to complain about somebody you should make sure you aren't breaking the TOS
have a nice day
Click to expand...
now back to the topic
the deficit / debt will be going up more then any year before. yes some of it isn't Trumps fault but the President has the finale say if a budget/ spending bill is passed or not , thus he gets the blame , and it shouldn't matter what party he belongs to
have a nice day
 
Tbird19482 said:
now back to the topic
the deficit / debt will be going up more then any year before. yes some of it isn't Trumps fault but the President has the finale say if a budget/ spending bill is passed or not , thus he gets the blame , and it shouldn't matter what party he belongs to
have a nice day
Click to expand...

I had originally forecast around $2.5 trillion. But with additional stimulus in the mix and the slow recovery from the pandemic (not to mention a potential second-wave), i see the deficit coming in @ $3.5 trillion for FY 2020.
 
Kushinator said:
I had originally forecast around $2.5 trillion. But with additional stimulus in the mix and the slow recovery from the pandemic (not to mention a potential second-wave), i see the deficit coming in @ $3.5 trillion for FY 2020.
Click to expand...

From what I have read I think you are close it may go as high as 4 Trillion and that has to be killing the right seeing it will be almost double Obama's highest deficit
and it can't all be blamed on Trump he didn't create the CV thing and with the shut down and all we are going to have a down turn ( we already have ) and we are going to have to spend our way out in order to get the economy back on track.
so if it isn't in FY 2020 it will run up the deficit in 2021
Have a nice day
 
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