Current US Federal Budget Deficit

[Kushinator]

The U.S. will always keep up with payments as they can print, borrow or raise taxes but that isn't the point, the point is how easy it is to indoctrinate people like you into the left wing ideology as you think mostly with your heart and not your brain. I gave you the link to the budget and the link to the revenue collected and still you insist I didn't answer your question, what question?? You think that the budget deficit is due to Trump and Republican spending?? Do you think tax cuts have hurt revenue that funds the operating expenses of the Federal Gov't?

This thread is about the U.S. Budget deficit that has everything to do with entitlements and nothing whatsoever to do with federal income tax revenue which was never intended to fund the SS and Medicare trust fund and was never intended to pay for the huge budget deficits generated by paying out benefits from a trust fund filled with IOU's

All you're here to do is make low-level partisan excuses for the failure of your ideology. Nobody is fooled by the least respected member of this forum. Republicans failed to deliver on their most coveted political issue (spending and deficit reduction)... accept it.

 

[Conservative]

The data doesn't say what you claim it does. You told a lie. Have some courage and admit your dishonesty, as it is the only way you can grow.... Social Security has run a surplus for over 30 years, and has not contributed to the deficit (it has actually lowered the deficit).

Get someone to help you read the data because obviously you have a reading problem

 

[Conservative]

All you're here to do is make low-level partisan excuses for the failure of your ideology. Nobody is fooled by the least respected member of this forum. Republicans failed to deliver on their most coveted political issue (spending and deficit reduction)... accept it.

LOL, if anyone has a failed ideology it would be you. What a shock, least respected??? Who gives a damn? It is a badge of honor to not be respected by radicals like you, internet bullies who are true legends in their own mind

 

[Conservative]

The data doesn't say what you claim it does. You told a lie. Have some courage and admit your dishonesty, as it is the only way you can grow.... Social Security has run a surplus for over 30 years, and has not contributed to the deficit (it has actually lowered the deficit).

Looks to me like it does, Budget request 1.150 Budget Appropriated 1.262 Omnibus actual 1.278 then FIT 1.660 plus Corporate 159.9 total 1.8 trillion + to pay for 1.278 trillion in discretionary spending. SS surplus has been borrowed and spent and the only thing in the fund are IOU's

FY 2018 Budget: Trump's Budget Request, Estimate, and Appropriation by Congress (In Billions)​
Department Request Estimated Appropriated Omnibus
Defense Dept $574.5 $574.5 $584.2 $589.5
Education $59.0 $67.8 Unknown $70.9
Energy $28.0 $30.0 $37.6* $43.2*
NNSA $13.9 $12.8 $12.9 $14.7
Health $65.3 $86.3 $157.9* $78.0
Homeland $44.1 $44.1 $51.1 $47.8
HUD $31.2 $37.4 $56.5* $42.7
NASA $19.1 $19.5 Unknown $20.7
State $28.2 $38.1 $35.5 $42.0
VA $78.8 $77.3 $88.2* $81.5
All Other Depts. $131.9 $90.0 $130.0 $184.0
Subtotal $1,065.0 $1,065.0 $1,141.0 $1,200.0
Emergency Funding $85.3 $154.1 Unknown $78.1
Total Discretionary $1,150.3 $1,262.0 $1,278.4
* Includes other departments.

 

[Kushinator]

Get someone to help you read the data because obviously you have a reading problem

Any child can post a link to a page. The data doesn't say what you claim it does. Even if Social Security expenditures increase, there was more than enough to cover all outlays from contribution inflows. Social Security ran a surplus in 2018, and did not (in any way) contribute to the deficit.

 

[Kushinator]

Looks to me like it does

The federal government is going to run a $1 trillion deficit for fiscal year 2018. Deflection, redifing terminology, recreating history, etc... doesn't negate the fact that when the GOP is in power, they grow the size of the federal government and deficits. It's why the GOP lost the House in 2018, and is going to lose the Presidency and Senate in 2020.

SS surplus has been borrowed and spent and the only thing in the fund are IOU's

Special issuance has the backing of the full faith and credit of the U.S. government and will be made whole, whether you like it or not... whether you accept the transmission mechanism or not.

 

[Conservative]

Any child can post a link to a page. The data doesn't say what you claim it does. Even if Social Security expenditures increase, there was more than enough to cover all outlays from contribution inflows. Social Security ran a surplus in 2018, and did not (in any way) contribute to the deficit.

Anyone can post on a message board which you do always making claims but never backing them up. Post the official data from those sites and prove me wrong, your rhetoric is biased, partisan, and just shows how poorly you do on research. Why don't you post the Revenue received from SS and Medicare in 2018 and the money paid out? Your rhetoric is just typical of a left wing radical who believes what they want to believe in spite of the data

 

[Conservative]

The federal government is going to run a $1 trillion deficit for fiscal year 2018. Deflection, redifing terminology, recreating history, etc... doesn't negate the fact that when the GOP is in power, they grow the size of the federal government and deficits. It's why the GOP lost the House in 2018, and is going to lose the Presidency and Senate in 2020.



Special issuance has the backing of the full faith and credit of the U.S. government and will be made whole, whether you like it or not... whether you accept the transmission mechanism or not.

And yet, FIT and Corporate tax revenue is more than enough to fund the line items that tax was created to fund which of course you ignore and like all liberals support the unified budget which puts all dollars into the same pot regardless of where the money came from or the purpose.

FICA funds SS and Medicare

Excise taxes fund Infrastructure including roads and bridges

FIT funds the line items in the budget which includes Cabinet Departments and general gov't expenses.

Not sure where you went to school but your posts are an embarrassment to that education system where you place blame and never research to verify the accuracy

 

[Kushinator]

Anyone can post on a message board which you do always making claims but never backing them up.

I'm not the person who has trouble writing in English. I'm not the person who displays difficultly formatting responses. I've always used the proper citation when making claims. This is simply a matter of fact.

Post the official data from those sites and prove me wrong

You don't get to tell me what to post. You've been proven wrong, and this frivolous obsession with partitioning discretionary spending with FIT receipts only highlights your ignorance. You are simply making stuff up, which is par for the course with conman.

Why don't you post the Revenue received from SS and Medicare in 2018 and the money paid out?

I provided the S.S. data and you went into complete coward mode, refusing to even acknowledge your lie. Now you want me to post Medicare data?

I'll give you all the rope you need to hang yourself. Given your reputation cannot go much lower, i don't believe you will find the courage and honesty to admit your errors.

 

[Conservative]

I'm not the person who has trouble writing in English. I'm not the person who displays difficultly formatting responses. I've always used the proper citation when making claims. This is simply a matter of fact.



You don't get to tell me what to post. You've been proven wrong, and this frivolous obsession with partitioning discretionary spending with FIT receipts only highlights your ignorance. You are simply making stuff up, which is par for the course with conman.




I provided the S.S. data and you went into complete coward mode, refusing to even acknowledge your lie. Now you want me to post Medicare data?

I'll give you all the rope you need to hang yourself. Given your reputation cannot go much lower, i don't believe you will find the courage and honesty to admit your errors.

Unfricken believable, not one bit of evidence on the budget information just more SS and Medicare Propaganda. All that revenue in SS and Medicare and not one dollar all IOU's but you keep believing the fricken bs. We are talking budget deficit and as has been posted by Treasury, revenue collected in 2018 doesn't come close to covering the payments in 2018 and that is part of the budget deficit you want to blame on Republicans and Trump. What is it about liberalism that creates this kind of loyalty and inability to post specific information as requested.

SS contributions in 2018 874 billion, paid out 946 billion deficit 72 billion dollars!!

 

[Bullseye]

Ok, let's be clear. This new "budget deal" agreed to by Trump and Pelosi is an abomination! $320 billion in new spending? No debt ceiling for the next two years? Spending is killing us, so let's do more? Just last week the word was going around that Trump was direction agencies to prepare for drastic reductions - assuming GOP retook the House, of course. Now this.

 

[marke]

That’s not how this works. The government has easy access to money. When debt notes are due, new debt notes are issued that payoff the old ones.

I think you are leaving out some important details. Are you saying the US can just print new money to pay old debts and don't need tax revenues at all to conduct business involving creating debts and paying debts?

 

[MTAtech]

I think you are leaving out some important details. Are you saying the US can just print new money to pay old debts and don't need tax revenues at all to conduct business involving creating debts and paying debts?

You explain how debt expires and the total debt keeps rising. You are witnessing letting new debt pay for expiring debt instruments.

 

[bluesmoke]

The U.S. will always keep up with payments as they can print, borrow or raise taxes but that isn't the point, the point is how easy it is to indoctrinate people like you into the left wing ideology as you think mostly with your heart and not your brain. I gave you the link to the budget and the link to the revenue collected and still you insist I didn't answer your question, what question?? You think that the budget deficit is due to Trump and Republican spending?? Do you think tax cuts have hurt revenue that funds the operating expenses of the Federal Gov't?

This thread is about the U.S. Budget deficit that has everything to do with entitlements and nothing whatsoever to do with federal income tax revenue which was never intended to fund the SS and Medicare trust fund and was never intended to pay for the huge budget deficits generated by paying out benefits from a trust fund filled with IOU's

Whatever. You asked how bond holders were paid and I said they were paid with bond sales. That was the whole of your question and my answer. As usual, you go word-salad and come back with can-of-worm replies that have nothing to do with the fact of only your question and my answer but instead everything else under the sun. I'm not going to waste my time on your misdirection, slight-of-hand, deceptive debate style once shown and now repeated. I explained how US Treasury Note sales fund the US government as to what I meant that bond sales pay bond holders. You refuse to address just that point and instead go off into the wilderness for 40 days. If you can't stay on point, I'm not interested in wasting my time attempting to have a clean debate with you. No sense in going any further.

 

[Conservative]

Whatever. You asked how bond holders were paid and I said they were paid with bond sales. That was the whole of your question and my answer. As usual, you go word-salad and come back with can-of-worm replies that have nothing to do with the fact of only your question and my answer but instead everything else under the sun. I'm not going to waste my time on your misdirection, slight-of-hand, deceptive debate style once shown and now repeated. I explained how US Treasury Note sales fund the US government as to what I meant that bond sales pay bond holders. You refuse to address just that point and instead go off into the wilderness for 40 days. If you can't stay on point, I'm not interested in wasting my time attempting to have a clean debate with you. No sense in going any further.

Have a good one as you live in that good little liberal dream world where actual data and facts don't matter and perception is reality. I posted the link to the treasury data for 2018 and the revenue for 2018 and stand by my statement that the deficit for 2018 had zero to do with the FIT cuts but everything to do with FICA and interest expense on the accumulated debt.

 

[HumblePi]

Yeah, you know those great-great-grandchildren that aren't even a twinkle in your eye yet? They're still going to be paying it down.

 

[marke]

You explain how debt expires and the total debt keeps rising. You are witnessing letting new debt pay for expiring debt instruments.

Debt instruments? If our national debt keeps rising then does that not mean America is headed for trouble if it never finds a way for it to start falling?

 

[MTAtech]

Debt instruments? If our national debt keeps rising then does that not mean America is headed for trouble if it never finds a way for it to start falling?

That's a complicated question. Generally, unrestrained increases in debt isn't good. It shakes confidence. As I've said earlier, deficits should be kept lower than growth in the economy.

 

[marke]

That's a complicated question. Generally, unrestrained increases in debt isn't good. It shakes confidence. As I've said earlier, deficits should be kept lower than growth in the economy.

Deficits? What if the US loses its ability to pay social security, government workers, government bills and so forth. In other words what if the US has to default on its debts (not deficits)?

 

[Kushinator]

SS contributions in 2018 874 billion, paid out 946 billion deficit 72 billion dollars!!

You're failing to account for taxation of benefits along with net interest earned. As to be expected, the fact that the government earns money from lending to various sectors of the U.S. and world economy does not register to a partisan hack. Do you have any idea how many different federal trusts exist? The big ones of course are Social Security, Medicare, Highway, Railroad retirement, etc.... Your attempt to partition lending and interest outlays to the items of your choice is invalid. The Federal Income Tax is just a subset of federal receipts, and the federal deficit isn't defined strictly by measuring FIT receipts to the expenditures of ones (partisan) choice.

The federal deficit is defined as: Federal Revenue - Federal Expenditures ≥ 0

Defining the federal deficit as: Discretionary Spending - FIT ≥ 0 <------ utter nonsense.

 

[Kushinator]

You're failing to account for taxation of benefits along with net interest earned. As to be expected, the fact that the government earns money from lending to various sectors of the U.S. and world economy does not register to a partisan hack. Do you have any idea how many different federal trusts exist? The big ones of course are Social Security, Medicare, Highway, Railroad retirement, etc.... Your attempt to partition lending and interest outlays to the items of your choice is invalid. The Federal Income Tax is just a subset of federal receipts, and the federal deficit isn't defined strictly by measuring FIT receipts to the expenditures of ones (partisan) choice.

The federal deficit is defined as: Federal Revenue - Federal Expenditures ≥ 0

Defining the federal deficit as: Discretionary Spending - FIT ≥ 0 <------ utter nonsense.

It should read: Federal Expenditures - Federal Revenues ≥ 0 = deficit

That's what i get for trying to be math swanky @ 1 AM.

 

[MTAtech]

Deficits? What if the US loses its ability to pay social security, government workers, government bills and so forth. In other words what if the US has to default on its debts (not deficits)?

Countries with a sovereign currency can't default.

 

[marke]

Countries with a sovereign currency can't default.

Like Haiti? Like Germany before WW2? Have you any idea what will happen to the US economy if the nations of the world come up with a different currency standard than the US dollar? Some people say the US is too big to fail, but they don't know what they are talking about. Here is one view which is, of course, different than the ones advocating America will never have to pay its debts.

https://www.washingtonpost.com/opin...8a60c601153_story.html?utm_terms.9d973072e56e

 

[Conservative]

You're failing to account for taxation of benefits along with net interest earned. As to be expected, the fact that the government earns money from lending to various sectors of the U.S. and world economy does not register to a partisan hack. Do you have any idea how many different federal trusts exist? The big ones of course are Social Security, Medicare, Highway, Railroad retirement, etc.... Your attempt to partition lending and interest outlays to the items of your choice is invalid. The Federal Income Tax is just a subset of federal receipts, and the federal deficit isn't defined strictly by measuring FIT receipts to the expenditures of ones (partisan) choice.

The federal deficit is defined as: Federal Revenue - Federal Expenditures ≥ 0

Defining the federal deficit as: Discretionary Spending - FIT ≥ 0 <------ utter nonsense.

What you are ignoring are the official Treasury numbers, and the fact that there is NO money in the Trust fund, only IOU's but that beside the point, the entire 2018 deficit increase which you blame on Trump was due to accounting for SS and Medicare expenditures being more than revenue collected along with debt service, NOT Trump spending.

 

[Conservative]

It should read: Federal Expenditures - Federal Revenues ≥ 0 = deficit

That's what i get for trying to be math swanky @ 1 AM.

What you ought to do is be more honest with your posts and post official data supporting your claims, but the problem is the official Treasury data doesn't support your claim including the FIT and Corporate taxes collected vs. the discretionary budget spent.