[W:1422] Federal Deficit Soars

[Conservative]

Im not really interested in placing blame or political games. What are we going to do moving forward?

Looks to me like we are moving forward and to continue to do so we have to keep Pelosi and Schumer under control and out of power. If anyone has paid any attention to what the Democratic Candidates are proposing they would understand that their proposals move us backward not forward. Trump's America First policies are benefiting Americans

 

[Media_Truth]

Looks to me like we are moving forward and to continue to do so we have to keep Pelosi and Schumer under control and out of power. If anyone has paid any attention to what the Democratic Candidates are proposing they would understand that their proposals move us backward not forward. Trump's America First policies are benefiting Americans

Conservatives love to tout Trump's performance. The reality is a skyrocketing deficit that we will be paying for, for generations to come. This graph actually shows a decline after 2018. Obviously, that isn't happening. The deficit will soon exceed a Trillion!!!

 

[jbander]

Im not really interested in placing blame or political games. What are we going to do moving forward?

The only thing we have to do is get rid of this countries biggest threat to this country, it's just not that complicated, the right sold out their souls the constitution and this country putting this animal in the most powerful seat in the world, a mentally ill hate driven monster, and a total pig to boot. The right as it is configured now has to go.

 

[Aberration]

We aren’t going anywhere.

 

[jbander]

We aren’t going anywhere.

Yers you are watch closely because it will be starting real soon, tell me how your hate party can get passed the demographics of the browning of America. They tell you that you have to hate all these people , the minorities and immigrants because they will put you in the history book where you belong. Soon this group will become a majority in this country, your white old fat men are dying out and your pearly white voting population numbers are going down not up. So tell me how your hate group is going to get this new majority to vote for you after treating them like **** for decades. You people are aren't thinking with a full deck. You are funny though.

 

[Aberration]

Yeah OK. I’ll keep my eye out.

 

[jonny5]

Conservatives love to tout Trump's performance. The reality is a skyrocketing deficit that we will be paying for, for generations to come. This graph actually shows a decline after 2018. Obviously, that isn't happening. The deficit will soon exceed a Trillion!!!

View attachment 67241625

All the more reason to vote both parties out. Since they are both responsible for out of control spending. As Clintons, Bushs, and Obamas terms showed, the best way to reduce the deficit is to slow the growth of spending.

 

[Media_Truth]

All the more reason to vote both parties out. Since they are both responsible for out of control spending. As Clintons, Bushs, and Obamas terms showed, the best way to reduce the deficit is to slow the growth of spending.

Go back to that graph. The deficit went negative under Clinton. That's right - NEGATIVE! It was reduced drastically under Obama. Reagan, GW Bush, and now Trump - all skyrocketing deficits. The only Republican that even came close to accomplishing anything in this regard was Daddy Bush. Trump is pathetic - huge tax breaks for billionaires (over 80% of the benefits were to the top 1%ers), while building a deficit that we will all have to repay.

 

[jonny5]

Go back to that graph. The deficit went negative under Clinton. That's right - NEGATIVE! It was reduced drastically under Obama. Reagan, GW Bush, and now Trump - all skyrocketing deficits. The only Republican that even came close to accomplishing anything in this regard was Daddy Bush. Trump is pathetic - huge tax breaks for billionaires (over 80% of the benefits were to the top 1%ers), while building a deficit that we will all have to repay.

Except its not just Trump. Democrats and Republicans in congress voted for those spending increases too. The reverse happened under Clinton and Obama. Congress, led by Republicans, forced a balanced budget on Clinton.

So again, reduce the growth of spending, the deficit will go down, like it did under GW, Obama, and Clinton.

 

[Zachariah]

Despite Strong Economy, Federal Deficit Soars

Due to the Trump/GOP tax-cut-giveaway of 2017, the wealthy are getting richer and the US Treasury is forced to borrow increasing amounts to stay afloat.

Under current law, the federal government will spend more on Interest than it does on Defense by 2024.

Related: How the Trump Tax Cut Is Helping to Push the Federal Deficit to $1 Trillion

Great. Borrow while the money's cheap and there's a big market for U.S. bonds from foreign buyers desperate for any kind of positive return while the rest of the world is giving out negative interest rates.

And you're right, we spend way too little on defense, too.

The voter clowns spent decades trying to get rich off of Wall Street, out-sourced the U.S. tax base along with the high productivity jobs to labor racketeering commies and narco states, trying to get rich from speculation, and now you're seeing the results.Quit blaming the politicians; you keep on electing them, it's you who screwed it all up trying to get something for nothing. Both right wing and left wing Burb Brat morons are too stupid to be allowed to vote.

 

[jbander]

Great. Borrow while the money's cheap and there's a big market for U.S. bonds from foreign buyers desperate for any kind of positive return while the rest of the world is giving out negative interest rates.

And you're right, we spend way too little on defense, too.

The voter clowns spent decades trying to get rich off of Wall Street, out-sourced the U.S. tax base along with the high productivity jobs to labor racketeering commies and narco states, trying to get rich from speculation, and now you're seeing the results.Quit blaming the politicians; you keep on electing them, it's you who screwed it all up trying to get something for nothing. Both right wing and left wing Burb Brat morons are too stupid to be allowed to vote.

Yup you passed the maniac test , your voting rights have been taken away.

 

[jbander]

Except its not just Trump. Democrats and Republicans in congress voted for those spending increases too. The reverse happened under Clinton and Obama. Congress, led by Republicans, forced a balanced budget on Clinton.

So again, reduce the growth of spending, the deficit will go down, like it did under GW, Obama, and Clinton.

as we sit the majority of the deficit is on right wing hate party presidents , who have the final word on all these thing but the brain drain that comes from the right says it's Obama's fault, or the media or the democrats fault. As far as voting a right wing hate party president in , if you want the economy to give back nothing go for the right wing candidate, there is nothing worse on the economy then right wing give it all to the rich policy and their economic views. Run all profits through the business side and it will trickle down,45 years later nothing has trickled down and they still say it will trickle down.

 

[Zachariah]

Yup you passed the maniac test , your voting rights have been taken away.

Ah, good; failing inane idiotic 'ideological purity' tests from internet cranks is always welcome.

 

[jbander]

Ah, good; failing inane idiotic 'ideological purity' tests from internet cranks is always welcome.

Oh goody. You people are funny. Thanks!

 

[Zachariah]

Oh goody. You people are funny. Thanks!

Glad you're amused. You ideologues are even funnier.

 

[Lord Tammerlain]

FYI for all

The federal debt from Oct 12, 2017 to Oct 11, 2018 increased by 1.212 trillion dollars

For Oct 12, 2016 to Oct 11, 2017 the federal debt increased by 687 billion dollars.

A near doubling in the amount of new debt incurred year over year, in what is supposed to be a very good economy. Can we say government stimulus, I know we can.

 

[Vadinho]

It does seem that the left when confronted with actual data runs and diverts to some other issue. Most have no clue as to what is going on in this country getting their news and developing their opinions for sites they want to believe.

You won't hear anyone talking about the line items in the budget showing over 500 billion in debt service for fiscal year 2018 or the Entitlement spending growth that created most of the 2018 deficit.

you also won't find the left ever posting official data showing that FIT revenue has grown every month vs. 2017 and that the GDP growth will exceed 3% this fiscal year.

You will never see the left celebrating the 3.7% Unemployment rate and the 4 million new taxpayers created since Trump took office.

There is a true loyalty to liberalism that I will never understand. The left seems to live in a dark world and trying to spread their liberal misery equally to everyone else

First of all, every year includes new taxpayers. Is that something special? Secondly, FIT revenue is going to increase every year as well if the economy is growing and taxes are collected at a greater sum total than previous years. The question is what you left on the table so spare us the faux Laffer Curve arguments please. Secondly, everyone is happy that the recovery Obama started in 2009 is continuing, kind of hard to mess this up unless you impose trade wars on the world...we shall see. As for debt service, that is what happens when you tax less then you spend for years upon years. As for entitlement growth, as the population ages and live longer, they cost more dough. Is this a revelation to you? Would you like to kick seniors off SS and Medicare? Let's talk when you reach 65. What other nonsense did I forget to rebut?

 

[Conservative]

First of all, every year includes new taxpayers. Is that something special? Secondly, FIT revenue is going to increase every year as well if the economy is growing and taxes are collected at a greater sum total than previous years. The question is what you left on the table so spare us the faux Laffer Curve arguments please. Secondly, everyone is happy that the recovery Obama started in 2009 is continuing, kind of hard to mess this up unless you impose trade wars on the world...we shall see. As for debt service, that is what happens when you tax less then you spend for years upon years. As for entitlement growth, as the population ages and live longer, they cost more dough. Is this a revelation to you? Would you like to kick seniors off SS and Medicare? Let's talk when you reach 65. What other nonsense did I forget to rebut?

Very liberal means very poorly informed, not going to relieve the Obama disaster but when you take Employment from 146 million down to 138 million isn't much of an increase in new hires so obviously you don't have a clue, figure it out and get back to me, Trump 152 million January 2017 to 156 million today, that is 4 million. 146 million to 138 million is 8 million fewer, want to try again.

 

[MTAtech]

Very liberal means very poorly informed, not going to relieve the Obama disaster but when you take Employment from 146 million down to 138 million isn't much of an increase in new hires so obviously you don't have a clue, figure it out and get back to me, Trump 152 million January 2017 to 156 million today, that is 4 million. 146 million to 138 million is 8 million fewer, want to try again.

Conservative can't argue. He can only insult.

If the topic was employment, maybe this post would have relevance. However, the topic is the deficit, which is indeed soaring, with historic low unemployment.

 

[Conservative]

Conservative can't argue. He can only insult.

If the topic was employment, maybe this post would have relevance. However, the topic is the deficit, which is indeed soaring, with historic low unemployment.

I let the actual data in context do the work for me, things you don't understand. Deficit is certainly the issue but as always you have no understanding of the line items in the budget and what caused the 2018 deficit nor was the deficit an issue for you when Obama ran four straight years of trillion dollar deficits, so keep running and keep ignoring reality

 

[Lafayette]

Despite Strong Economy, Federal Deficit Soars

What did anyone expect?

Donald Dork had a debt to pay-back to those who financed his "regime*", which is what he did by cutting upper-income taxation AND increasing the DoD-budget (for his buddies-in-business)!

This has been going on for at least two-centuries. You'd think Uncle Sam has had enough! But, no, he's still at it for as long as Americans are duped into electing this "class of Replicants**" into power.

In fact, what happens that is we-the-sheeple do not vote vote for the opposition Dems. Far more so is that the reason for winning elections than actually voting for Dem-candidates! What we do is stay away from the polls, and that (along with gerrymandering of election districts) is how the Replicants maintain legislative power to get their own way!

(We Yanks have some of the lowest voter-turnout elections of any "democracy"!)

You ARE living in a democracy! But what's the sense of even having a voting-democracy is we all sit home spectating elections. In some countries anyone Not-Voting incurs a fine. Damn-good-idea for the USofA!

And Much Better than pissing&moaning in a blog about how UNFAIR is our democracy ... !

*A country that has all three political representational-powers in the hands of one person OR one-party is an effective dictatorship led by that one-person or one-party
**I firmly believe in a two-party system. But one in which neither "money" nor "redistricting" (gerrymander) are employed to control voting outcomes specific to the objectives of only one-of-two political parties. (And that includes the misnomer "Electoral College" of which we should neuter since we cannot rid ourselves of it. The EC could be obliged by law to report ONLY the results of the popular-vote for the presidential election in each state. (And it should be!)

 

[Conservative]

What did anyone expect?

Donald Dork had a debt to pay-back to those who financed his "regime*", which is what he did by cutting upper-income taxation AND increasing the DoD-budget (for his buddies-in-business)!

This has been going on for at least two-centuries. You'd think Uncle Sam has had enough! But, no, he's still at it for as long as Americans are duped into electing this "class of Replicants**" into power.

In fact, what happens that is we-the-sheeple do not vote vote for the opposition Dems. Far more so is that the reason for winning elections than actually voting for Dem-candidates! What we do is stay away from the polls, and that (along with gerrymandering of election districts) is how the Replicants maintain legislative power to get their own way!

(We Yanks have some of the lowest voter-turnout elections of any "democracy"!)

You ARE living in a democracy! But what's the sense of even having a voting-democracy is we all sit home spectating elections. In some countries anyone Not-Voting incurs a fine. Damn-good-idea for the USofA!

And Much Better than pissing&moaning in a blog about how UNFAIR is our democracy ... !

*A country that has all three political representational-powers in the hands of one person OR one-party is an effective dictatorship led by that one-person or one-party
**I firmly believe in a two-party system. But one in which neither "money" nor "redistricting" (gerrymander) are employed to control voting outcomes specific to the objectives of only one-of-two political parties. (And that includes the misnomer "Electoral College" of which we should neuter since we cannot rid ourselves of it. The EC could be obliged by law to report ONLY the results of the popular-vote for the presidential election in each state. (And it should be!)

Is it someone else's fault that you are so poorly informed and have no understanding of the budget or the ability to do actual research to verify what you are being told? Sounds like you have been indoctrinated by the radical left believing what you are told while ignoring basic civics, economics, accounting, and logic/common sense

Living in the socialist utopia of France has skewed you to reality of even what is going in in your own country but that makes you an expert on what is going on here. Like with the French there is always someone else to blame for poor decision making, poor economic policies, and radicalism. In your case it is now Gerrymandering as if everyone is like you, a robot who votes for an R or D regardless of policies. Amazing how Gerrymandering never occurred with the Democrats in power and their control of the House for over 40 years. Guess that was ok then?

 

[Vadinho]

Very liberal means very poorly informed, not going to relieve the Obama disaster but when you take Employment from 146 million down to 138 million isn't much of an increase in new hires so obviously you don't have a clue, figure it out and get back to me, Trump 152 million January 2017 to 156 million today, that is 4 million. 146 million to 138 million is 8 million fewer, want to try again.

What macho gibberish is this? You just state things and declare ideological supremacy in one Bunkerlike statement and we are supposed to acknowledge some triumph on behalf of Trump? Reading your stuff is like reading the best of Hannity. You have no credibility buddy on economic grounds, none.

 

[Conservative]

What macho gibberish is this? You just state things and declare ideological supremacy in one Bunkerlike statement and we are supposed to acknowledge some triumph on behalf of Trump? Reading your stuff is like reading the best of Hannity. You have no credibility buddy on economic grounds, none.

I really don't give a damn what you think about me but the data speaks for itself and makes you look like a leftwing radical that is very poorly informed. When you are confused by data always bring up Fox. Treasury.org will show you the budget of the United States and the line items in that budget then the deficit by line item. You can blame Hannity and Fox until Hell freezes over but that will never change the reality that you don't have the ability to admit when wrong or the ability to support your claims with verifiable official data

 

[Vadinho]

I really don't give a damn what you think about me but the data speaks for itself and makes you look like a leftwing radical that is very poorly informed. When you are confused by data always bring up Fox. Treasury.org will show you the budget of the United States and the line items in that budget then the deficit by line item. You can blame Hannity and Fox until Hell freezes over but that will never change the reality that you don't have the ability to admit when wrong or the ability to support your claims with verifiable official data

More gibberish spoken with indignant outrage leading the author to declare he took the high road when in fact, his self-proclaimed label of conservative tells us all we need to know about his ability to understand economics and monetary policy. What exactly can any conservative tell us about economics 40 years after their particular brand of economics became orthodoxy? Nothing truthful or honest or even helpful. I am sure this poster considers his political leanings to be supportive of small government and fiscal responsibility. Anyone here live through Reagan as an adult? Were you paying attention or lapping up Reagan's updates to his 20 Mule Team Borax commercials from the 60's? The sad truth is that conservatives assume power preaching about their values and then immediately throw them out the window to benefit themselves and the top one per cent. You see to a conservative, anyone not in their tribe is to be blamed and scapegoated for the sake of new benefits and privileges to their tribe and the one per cent. This poster wants me to look at charts on the Treasury site as if they prove his point which so far has made no sense at all yet he persists. Why do you think this man is so consumed with passions about whatever it is that is driving him nuts? Likely because he watches right wing media or read a book by Mark Levin or thinks Mizes was a genius or has trotted out Hayek to impress himself like a modern day Charlie Tuna. Sorry buddy, if you are a conservative you should never be consulted on any economic matter, we have seen what conservatives do when in power and we are tired of cleaning up after your dog takes a dump on our lawns.