FY2019 Budget Infographics.

The CV pandemic has probably distorted these infographics but still they're worth looking over.

This one, for instance illustrates the problem of reducing the deficit when mandatory spending eats up all but $800 billion of our $3.5 trillion revenue:

Bullseye said:

The CV pandemic has probably distorted these infographics but still they're worth looking over.

This one, for instance illustrates the problem of reducing the deficit when mandatory spending eats up all but $800 billion of our $3.5 trillion revenue:

View attachment 67278551

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Uh, the FY2019 covers Oct 2018 to Sept 2019....so there was ZERO spending associated with COVID-19.

For a guy that touts himself as a "financial advisor", I can't understand how such a basic misunderstanding could occur.

Gimmesometruth said:

Uh, the FY2019 covers Oct 2018 to Sept 2019....so there was ZERO spending associated with COVID-19.

For a guy that touts himself as a "financial advisor", I can't understand how such a basic misunderstanding could occur.

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He's full of ****... and this thread is a testament to his lack of familiarity and knowledge of the subject matter.

So far for this fiscal year the debt increased from 22.8 Trillion to 24.5 Trillion. (Oct to April 20) so just 7 months, leaving 5 months to go in the fiscal year.

Over the last 12 months it increased by 2.5 trillion

For the fiscal 2020 budget year I expect 3.2 trillion dollar deficit.

Lord Tammerlain said:

So far for this fiscal year the debt increased from 22.8 Trillion to 24.5 Trillion. (Oct to April 20) so just 7 months, leaving 5 months to go in the fiscal year.

Over the last 12 months it increased by 2.5 trillion

For the fiscal 2020 budget year I expect 3.2 trillion dollar deficit.

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I expect it to go even higher
I don't blame Trump for all of it but the debt has been going up and up under Trump ( exclude the last 3/4 months the CV thing )
even before this CV thing the debt was going up almost as much as it did under Obama and Obama was dealing with a deep recession and Trump a " great economy"
and when the right tries to blame the dems. for it going up so much they should remember that they had complete control of the Fed. Gov from 2017 to 2019
Have a nice evening

Tbird19482 said:

I expect it to go even higher
I don't blame Trump for all of it but the debt has been going up and up under Trump ( exclude the last 3/4 months the CV thing )
even before this CV thing the debt was going up almost as much as it did under Obama and Obama was dealing with a deep recession and Trump a " great economy"
and when the right tries to blame the dems. for it going up so much they should remember that they had complete control of the Fed. Gov from 2017 to 2019
Have a nice evening

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The economy was slowing when Trump came to office. It was not horrible bit not great. Trump has been very Keynesian in stimulating the economy with deficit spending

Lord Tammerlain said:

The economy was slowing when Trump came to office. It was not horrible bit not great. Trump has been very Keynesian in stimulating the economy with deficit spending

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So you are telling us when Trump said his economy was doing so much better then when he took office and was a great economy he was lying to us?
Have a nice evening

Tbird19482 said:

So you are telling us when Trump said his economy was doing so much better then when he took office and was a great economy he was lying to us?
Have a nice evening

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Trump would never ever lie. Except on days that end in a y

Bullseye said:

The CV pandemic has probably distorted these infographics but still they're worth looking over.

This one, for instance illustrates the problem of reducing the deficit when mandatory spending eats up all but $800 billion of our $3.5 trillion revenue:

View attachment 67278551

Click to expand...

You might be the first conservative to understand the mandatory part of the budget. Sure, you were only trying to make excuses for trump and republicans ballooning the deficit but this could be a learning experience for you. Anyhoo, not one conservative understood the concept of mandatory spending in 2009 when President Obama was handed the massive trillion dollar Bush Deficits ( the fiscal year thing confused them too). It was just a documented fact that President Obama was handed those trillion dollar deficits but conservatives just simply could not be reasoned with. Conservatives were told and obediently believed it was not only "out of control spending" but "Obama's out of control spending" that was causing the massive spike in the deficit. It was simply another documented fact that revenue collapse was literally half of the budget deficit for FY2009. That simple fact also could not be gotten through to them. And a goodly portion thought cutting the deficit (and only through spending cuts) was the way out of the Great Bush Recession.

I want you to understand that when the country was reeling from record job losses, the collapse of the financial system, the collapse of the auto industry and with no end in sight, republicans and the conservative media were whipping their base into a constant state of panic that a secret muslim kenyan's out of control spending was going to destroy our way of life and make us a third world country. Every republican politician and pundit knew that spending cuts would have only turned the Great Bush Recession into the Great Bush Depression. They also knew the conservative base would blame President Obama. They had zero concern for the average American. It was all about political gains. Now what proves my point perfectly is there was zero resistance from republicans to spend as quickly as possible and as much as possible to prevent a recession this year. Their only complaint with the massive spending (and thats on top of trump ballooning the deficit) was that democrats made them wait 3 days.

How do you continue to support people who have zero concern for America or Americans?

Bullseye said:

The CV pandemic has probably distorted these infographics but still they're worth looking over.

This one, for instance illustrates the problem of reducing the deficit when mandatory spending eats up all but $800 billion of our $3.5 trillion revenue:

View attachment 67278551

Click to expand...

In before 'tax cuts for the rich' is blamed for everything...

But seriously, if you break it down further you have about 1.3 trillion from payroll tax to directly pay for SS and Medicare A. Income and Corporate Tax pays for everything else.

900bn in other healthcare spending
700bn defense
500bn in welfare
300bn interest
200bn veterans

and more...(in millions)
Education, Training, Employment, and Social Services 136,752
Transportation 97,116
Administration of Justice 65,740
International Affairs 52,739
Agriculture 38,257
Natural Resources and Environment 37,844
General Science, Space, and Technology 32,410
Community and Regional Development 26,876
General Government 23,436


Which makes it pretty hard to deal with something like a pandemic or recession when the govt is more broke than us.

jonny5 said:

In before 'tax cuts for the rich' is blamed for everything...

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trump's tax cuts and spending increases are why the deficit shot up. Is that what you mean by "everything"?

jonny5 said:

In before 'tax cuts for the rich' is blamed for everything...

But seriously, if you break it down further you have about 1.3 trillion from payroll tax to directly pay for SS and Medicare A. Income and Corporate Tax pays for everything else.

900bn in other healthcare spending
700bn defense
500bn in welfare
300bn interest
200bn veterans

and more...(in millions)
Education, Training, Employment, and Social Services 136,752
Transportation 97,116
Administration of Justice 65,740
International Affairs 52,739
Agriculture 38,257
Natural Resources and Environment 37,844
General Science, Space, and Technology 32,410
Community and Regional Development 26,876
General Government 23,436


Which makes it pretty hard to deal with something like a pandemic or recession when the govt is more broke than us.

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Good points.

Vern said:

You might be the first conservative to understand the mandatory part of the budget. Sure, you were only trying to make excuses for trump and republicans ballooning the deficit but this could be a learning experience for you.

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"Balooning the budget"? Vern, Vern, Vern. at the time this illustration was made Trump had still not rung up a single Trillion-dollar deficit, while at the same point in HIS presidency Obama had run up three and was well on his way to a fourth.

Vern said:

Anyhoo, not one conservative understood the concept of mandatory spending in 2009 when President Obama was handed the massive trillion dollar Bush Deficits ( the fiscal year thing confused them too).

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He was "handed" anything. He ran them up on his own.

Vern said:

It was just a documented fact that President Obama was handed those trillion dollar deficits but conservatives just simply could not be reasoned with.

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And yet when conservatives retook the House and started controlling appropriations the trillion dollar deficits disappeared.

Vern said:

Conservatives were told and obediently believed it was not only "out of control spending" but "Obama's out of control spending" that was causing the massive spike in the deficit. It was simply another documented fact that revenue collapse was literally half of the budget deficit for FY2009. That simple fact also could not be gotten through to them. And a goodly portion thought cutting the deficit (and only through spending cuts) was the way out of the Great Bush Recession.

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You have a future in fiction writing Vern. For the last two years of Bush's term and the first two years of Obama's the Dems had control of Congress - in fact during his first two years (and two trillion dollar deficits) conservatives had no power to stop him

Vern said:

I want you to understand that when the country was reeling from record job losses, the collapse of the financial system, the collapse of the auto industry and with no end in sight, republicans and the conservative media were whipping their base into a constant state of panic that a secret muslim kenyan's out of control spending was going to destroy our way of life and make us a third world country. Every republican politician and pundit knew that spending cuts would have only turned the Great Bush Recession into the Great Bush Depression. They also knew the conservative base would blame President Obama. They had zero concern for the average American. It was all about political gains. Now what proves my point perfectly is there was zero resistance from republicans to spend as quickly as possible and as much as possible to prevent a recession this year. Their only complaint with the massive spending (and thats on top of trump ballooning the deficit) was that democrats made them wait 3 days.

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As I said, Vern, you have a promising future in fiction. :lamo

Vern said:

How do you continue to support people who have zero concern for America or Americans?

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You're confused, Vern. I don't support Democrats, Progresses, "Liberals:, or Socialists - that's you.

jonny5 said:

In before 'tax cuts for the rich' is blamed for everything...

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Spending has been projected to be at pre-pandemic levels from as far back as 2009... it's not something that was suddenly upon the Treasury i.e. the COVID-19 pandemic. So you can cut the spending nonsense. Trump's tax cuts were supposed to spur so much more additional economic growth that they would actually grow federal revenue. It just didn't materialize.

We also know why Republicans failed to enact ANY spending reform after years of imposing every single Obama initiative. They are hypocrites.

Kushinator said:

Spending has been projected to be at pre-pandemic levels from as far back as 2009... it's not something that was suddenly upon the Treasury i.e. the COVID-19 pandemic. So you can cut the spending nonsense. Trump's tax cuts were supposed to spur so much more additional economic growth that they would actually grow federal revenue. It just didn't materialize.

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It didn't? More jobs, more job openings, booming stock market, Record low unemployment rates. Any of that sound familiar?

We also know why Republicans failed to enact ANY spending reform after years of imposing every single Obama initiative. They are hypocrites.[/QUOTE]
Obama had two years of virtually absolute control - what happened then? His party still controlled the Senate until 2014, and . . .?

Bullseye said:

It didn't? More jobs, more job openings, booming stock market, Record low unemployment rates. Any of that sound familiar?

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Can you point out the Trump trend?

Obama had two years of virtually absolute control - what happened then? His party still controlled the Senate until 2014, and . . .?

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Are you serious? Obama inherited a Great Recession and a financial crisis that spanned the globe. The GOP balked at any spending reforms because they knew it would impede economic growth.

Kushinator said:

Can you point out the Trump trend?

Are you serious? Obama inherited a Great Recession and a financial crisis that spanned the globe. The GOP balked at any spending reforms because they knew it would impede economic growth.

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A friggin' chart vs those data I cited. Give me a friggin' break. :roll:

Bullseye said:

"Balooning the budget"? Vern, Vern, Vern. at the time this illustration was made Trump had still not rung up a single Trillion-dollar deficit, while at the same point in HIS presidency Obama had run up three and was well on his way to a fourth.

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first BE, its good to see you got over your embarrassing attempt to blame Covid 19 for trump and republicans ballooning the deficit. Second, lets look how you have now massaged your obedient narrative from "balance the budget" to "its not over a trillion". You and every conservative believed trump was going to balance the budget. Me and every intelligent person said he would balloon it. Let me make so simple even you can understand. "he promise deficit go down. deficit go up. deficit go up immediately".

And I just cant believe you cant process the fact that President Obama was handed the Great Bush Recession, the worst recession since the depression and Trump was handed a solid and growing economy.

He was "handed" anything. He ran them up on his own.

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oh BE, besides the documented fact that he was handed the Great Bush Recession, the worst recession since the depression, he was also handed Bush's 2009 budget. Remember, you just learned about fiscal years. Dont tell me you forgot already? Anyhoo, the CBO does a review every January of the current FY (that's short for fiscal year). Here's where they projected Bush's last budget deficit to be 1.2 trillion (now read this slowly) before President Obama took over.

The Budget and Economic Outlook: Fiscal Years 2009 to 2019 | Congressional Budget Office

And the reason it went up from 1.2 to 1.4 trillion was because revenue crashed even more than predicted. Spending came in at the estimate. BE, I'll ignore the rest of your ignorance of simple facts and juvenile responses and give you a suggestion. Learn the simple facts.

Where is the freaking Tea Party?



Does everyone now understand that the Tea Party (at the end) was a bunch of modern day confederates?

I have a question BE. concerning this post.

Bullseye said:

A friggin' chart vs those data I cited. Give me a friggin' break. :roll:

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I didnt see you post any data except revenue and spending for FY 2019 (that's short for fiscal year). Is this blurb what you are referring to as "data""?

Bullseye said:

It didn't? More jobs, more job openings, booming stock market, Record low unemployment rates. Any of that sound familiar?

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thats not really data. Kush's chart was data. Notice how you couldnt respond in an honest and intelligent fashion to actual data because it didnt support your obedient narrative. And not for nothing BE, you just described President Obama's presidency with your "data" and that was with republicans opposing anything that would help the economy. Notice how they now have no objections to spending 2-3 times as much as President Obama's stimulus. And remember, their only complaint was the mean ole dems made them wait 3 days.

Bullseye said:

A friggin' chart vs those data I cited.

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You've chosen to make ambiguous claims without the proper citation of said data. The graph represents total employment and you said something about jobs. Again, I ask you to point out the Trump trend.

Give me a friggin' break. :roll:

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You are unable to respond with anything informative or intelligent to say... I'm not surprised.

Bullseye said:

It didn't? More jobs, more job openings, booming stock market, Record low unemployment rates. Any of that sound familiar?

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every one of those metrics were on the exact same unchanging trend line which started in 2010. NOTHING changed under trump, other than he doubled the deficit.

Obama had two years of virtually absolute control - what happened then? His party still controlled the Senate until 2014, and . . .?

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trump had 2 years of absolute control, why didn't he cut spending? His party STILL controls the senate, and.....?

Bullseye said:

A friggin' chart vs those data I cited. Give me a friggin' break. :roll:

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uh, that chart is from the bureau of labor statistics. It shows the trend began in 2010, and did not change at all under trump.

Kushinator said:

Are you serious? Obama inherited a Great Recession and a financial crisis that spanned the globe. The GOP balked at any spending reforms because they knew it would impede economic growth.

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You keep saying that like it wasn't easy to get a bad economy moving up and hard to keep a decent economy improving.

It's good that you give Republicans credit for making the right move, but the word balked is strange in context. The Republicans allowed the so called stimulus, which was a very poor move in hindsight.

Jay59 said:

You keep saying that like it wasn't easy to get a bad economy moving up and hard to keep a decent economy improving.

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What does this mean? I am saying the words I have written, not your interpretation.

It's good that you give Republicans credit for making the right move, but the word balked is strange in context. The Republicans allowed the so called stimulus, which was a very poor move in hindsight.

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Republican leadership opposed deficits when the economy and financial system were in dire straights. Look up the voting record for the ARRA... Republican's dogma have the power to allow anything, as the Obama stimulus easily passed with only 3 total Congressional yes votes by the GOP.

Fast forward to our current situation, and the CARES act pleased with overwhelming bipartisan support.

Republicans are hypocrites of the highest order.