Where is Trump's Balanced Budget?

[Conservative]

Probably, so long as it seemed fair across the board. But I repeat, the deficits grow when you cut taxes. This year’s will be significantly higher than lasts. We are talking about two different issues.

Pretty simple question how do deficits grow when tax revenue increases?? Keep buying what you are being told. How about thinking for a change?

 

[Conservative]

Probably, so long as it seemed fair across the board. But I repeat, the deficits grow when you cut taxes. This year’s will be significantly higher than lasts. We are talking about two different issues.

Would you please explain to me how giving someone who doesn't pay Federal Income Tax a tax cut is fair??

 

[Nickyjo]

Pretty simple question how do deficits grow when tax revenue increases?? Keep buying what you are being told. How about thinking for a change?

They grow if spending isn't cut. The issue here is whether tax cuts increase the deficit. They do. Problem is, the GOP is caught between their love of tax cuts and their inability politically to cut spending -- and, of course desires to not lose jobs in key states if military spending is cut. They will try to cut around the margins, especially programs that benefit the poor, but what they want to do fails politically.

 

[JoanDavis]

Would you please explain to me how giving someone who doesn't pay Federal Income Tax a tax cut is fair??

Totally agree. Why are the republicans giving tax cuts to people and companies that don't pay taxes in America? Not sure how much tax trump pays cos despite him promising to release them - it's been 2 years and we still haven't seen them.

The good news is that the Democrats take back the House in January and they will have the power to demand to see his tax returns.

And what odds all his tax returns will mysteriously disappear?

 

[Nickyjo]

Would you please explain to me how giving someone who doesn't pay Federal Income Tax a tax cut is fair??

But by "fair across the board" I meant not having personal tax cuts expire while corporate ones endure, the carried interest sham that Trump promised to end, etc.

 

[JoanDavis]

Keep ignoring reality and trying to re-write history. You can re-write but you cannot change. For some reason it is all about spending and never about keeping more of what you earn with you or is it you don't pay any Federal Income taxes thus are jealous that others get to keep more of what they earn?

Reality, Obama added 9.3 trillion to the debt in 8 years, more than Reagan, GHW and GW Bush combined and had a staggering 1.5% GDP growth his last 6 qtrs. in office. If you truly care about the deficit then why aren't you supporting the Trump 2019 budget which proposes budget cuts?

Could you provide a link to this? And please not the far right fake news crap. Something non-biased please.

 

[Dittohead not!]

Cut what deficit, the one projected with his budget proposal in February 2008, 500 billion or the one Obama created?? Interesting how you don't seem to understand that the fiscal year of the U.S. runs from October to September and there was NO 2009 budget approved by Congress until Obama signed it in March 2009, why is that fact ignored? In addition was TARP included in the CBO deficit projections for 2009 and wasn't TARP a loan repaid later in 2009?

You want to talk about the first Trump budget without posting the line items that created that 2018 deficit or even mention the 2019 budget proposal. That just goes to show partisan beliefs and lack of understand of what constitutes the deficit and giving Trump an opportunity to do something about it

Interesting how you believe that Obama pulled us out of recession two years later, when the recession ended 5 months after he took office and recovery.org shows just how little Obama did to facilitate that. Keep ignoring reality and keep buying what you are being told. I continue to give people like you way too much credit and fail to understand you have no interest in honest facts presented by Treasury or even the calendar

https://wallstreetpit.com/13300-what-ended-the-great-recession/

There are no people like me. I'm unique.

The fact of the matter is that the trillion plus deficits started, and were directly caused by, the great recession. When we began to climb out of that abyss, the deficits began to decline, until they were less than half as much as they were at the beginning of the recession.

Then, Trump got his tax cuts, which gave him street cred as a "conservative," but he failed to pair those cuts with spending cuts. The result was a return to trillion dollar plus deficits.

Bottom line: Trump is not a conservative, certainly not in the fiscal sense of the word.

 

[Bullseye]

Could you provide a link to this? And please not the far right fake news crap. Something non-biased please.

By "non-biased" you mean, of course "far left fake news", right?

 

[Far right dem]

This thread is about a balanced budget but you want to divert to Bush. If anyone could have prevented 9/11 it was Clinton whose December 1998 PDB explained in detail how we were going to be attacked

Actually, we only had one president on 9-11-2001 and he was the only that could have stopped it. Nice try though.

 

[Conservative]

Actually, we only had one president on 9-11-2001 and he was the only that could have stopped it. Nice try though.

And what exactly should Bush have done that you would have supported? The terrorists were trained during the Clinton term how to fly a plane but not land it. They came to the country in 2000 and Bush was Governor of TX. Keep diverting from the thread topic and I will keep showing how easily you have been indoctrinated and how wrong you are

 

[Conservative]

There are no people like me. I'm unique.

The fact of the matter is that the trillion plus deficits started, and were directly caused by, the great recession. When we began to climb out of that abyss, the deficits began to decline, until they were less than half as much as they were at the beginning of the recession.

Then, Trump got his tax cuts, which gave him street cred as a "conservative," but he failed to pair those cuts with spending cuts. The result was a return to trillion dollar plus deficits.

Bottom line: Trump is not a conservative, certainly not in the fiscal sense of the word.

A Great recession that affected fewer Americans than any other recession in modern history. You have been indoctrinated well. Bottom line is you still haven't answered the question, post for me the line items in the budget that gave us the 2018 deficit? The post the 2019 Trump budget and tell me why you don't support it?

The 2019 Budget, Trump's second does indeed have cuts, obviously you haven't bothered to research it

 

[Conservative]

Could you provide a link to this? And please not the far right fake news crap. Something non-biased please.

How many times do I have to post these links?

Debt to the Penny (Daily History Search Application)



BEA.gov will give you the GDP by year

 

[Far right dem]

And what exactly should Bush have done that you would have supported? The terrorists were trained during the Clinton term how to fly a plane but not land it. They came to the country in 2000 and Bush was Governor of TX. Keep diverting from the thread topic and I will keep showing how easily you have been indoctrinated and how wrong you are

You know they chose bush right? Historically republicans have been ******s that negotiate and appease terrorists like bush and reagan. Democrats historically have been ballsy and have destroyed our enemies like fdr and truman with nazi germany and imperial japan and Obama with obl al qaeda and isis.

 

[Conservative]

They grow if spending isn't cut. The issue here is whether tax cuts increase the deficit. They do. Problem is, the GOP is caught between their love of tax cuts and their inability politically to cut spending -- and, of course desires to not lose jobs in key states if military spending is cut. They will try to cut around the margins, especially programs that benefit the poor, but what they want to do fails politically.

You got it, spending, has nothing to do with tax cuts, get it yet??? Revenue growth comes from economic growth and activity, if it is spent it creates deficits but deficits aren't caused by increasing revenue, spending does that

 

[Far right dem]

Keep ignoring reality and trying to re-write history. You can re-write but you cannot change. For some reason it is all about spending and never about keeping more of what you earn with you or is it you don't pay any Federal Income taxes thus are jealous that others get to keep more of what they earn?

Reality, Obama added 9.3 trillion to the debt in 8 years, more than Reagan, GHW and GW Bush combined and had a staggering 1.5% GDP growth his last 6 qtrs. in office. If you truly care about the deficit then why aren't you supporting the Trump 2019 budget which proposes budget cuts?

You really like manipulating numbers. You do know that bush and reagan are the most fiscally irresponsible presidents in history. you can't compare 80s money to now. There is this thing called inflation.

 

[Conservative]

Totally agree. Why are the republicans giving tax cuts to people and companies that don't pay taxes in America? Not sure how much tax trump pays cos despite him promising to release them - it's been 2 years and we still haven't seen them.

The good news is that the Democrats take back the House in January and they will have the power to demand to see his tax returns.

And what odds all his tax returns will mysteriously disappear?

you actually believe rich people don't pay taxes? OMG. Also do you believe corporations pay taxes? Where did you get your information and education? Corporate taxes are paid in the prices those corporations charge consumers. Did you bother to research what the corporations did with their tax cuts.

You really put a lot of faith in the Democratic House that gave us trillion dollar Obama deficits, stunning lack of civics education on your part

 

[Conservative]

But by "fair across the board" I meant not having personal tax cuts expire while corporate ones endure, the carried interest sham that Trump promised to end, etc.

Corporations don't pay taxes, consumers of those corporations pay for those taxes in the cost of the products they buy. your concern about corporations is typical leftwing indoctrination

 

[Conservative]

You know they chose bush right? Historically republicans have been ******s that negotiate and appease terrorists like bush and reagan. Democrats historically have been ballsy and have destroyed our enemies like fdr and truman with nazi germany and imperial japan and Obama with obl al qaeda and isis.

Yep, Bush as Governor of TX allowed those Terrorists to enter the country, get aviation training and didn't respond to the December 1998 PDB. Clinton on the other hand, shot a multi million dollar into a tent and hit a camel in the ass, great foreign policy decision

 

[Conservative]

You really like manipulating numbers. You do know that bush and reagan are the most fiscally irresponsible presidents in history. you can't compare 80s money to now. There is this thing called inflation.

Of course I do because I listen to you leftists daily. GDP growth, people keeping more of what they earn, Job creation, Peace dividends all are irrelevant in that world you live in. You want to compare 80's expenses now but ignore 80's revenue now. We pay for the deficits in the 80's in 80's dollars not current dollars and the deficit for Reagan was still 52% of GDP and Bush 70% of GDP, what was Obama's?

 

[Dittohead not!]

A Great recession that affected fewer Americans than any other recession in modern history. You have been indoctrinated well. Bottom line is you still haven't answered the question, post for me the line items in the budget that gave us the 2018 deficit? The post the 2019 Trump budget and tell me why you don't support it?

The 2019 Budget, Trump's second does indeed have cuts, obviously you haven't bothered to research it

White House budget projects $1 trillion deficit in 2019

The White House’s midyear budget projections see federal deficits surpassing $1 trillion in 2019.

In an annual budget review, the White House’s Office of Management and Budget (OMB) estimated that new legislation enacted since the release of its February budget — alongside new projections on other spending and receipts — would add $101 billion more to the 2019 deficit, pushing it above $1 trillion.

Like I said, trillion plus deficits, up from about half that amount. Perhaps without those "cuts" you mention, it would be two trillion.

And some people seem to think that Trump is a conservative. Imagine that.

 

[Dittohead not!]

You got it, spending, has nothing to do with tax cuts, get it yet??? Revenue growth comes from economic growth and activity, if it is spent it creates deficits but deficits aren't caused by increasing revenue, spending does that

That's the theory: Cut taxes, and the resulting economic activity will actually increase revenues enough to cut deficits. I believe the late George Bush Sr. dubbed that idea "voodoo economics."

 

[Conservative]

White House budget projects $1 trillion deficit in 2019



Like I said, trillion plus deficits, up from about half that amount. Perhaps without those "cuts" you mention, it would be two trillion.

And some people seem to think that Trump is a conservative. Imagine that.

Thanks for the link, I will support the Trump budget and what you are seeing are very conservative estimates on revenue generation as well as economic activity which I expect to be higher. We will see. What I do know is that the Democrats have no interest in cutting anything or have any concerns about the deficits

 

[Conservative]

That's the theory: Cut taxes, and the resulting economic activity will actually increase revenues enough to cut deficits. I believe the late George Bush Sr. dubbed that idea "voodoo economics."

What we continue to see and you continue to ignore is that rising revenue doesn't increase deficits, rising spending does. As I have asked and you ignored post the line items in the budget to see where those deficits truly are. What are you afraid of?

 

[Dittohead not!]

Of course I do because I listen to you leftists daily. GDP growth, people keeping more of what they earn, Job creation, Peace dividends all are irrelevant in that world you live in. You want to compare 80's expenses now but ignore 80's revenue now. We pay for the deficits in the 80's in 80's dollars not current dollars and the deficit for Reagan was still 52% of GDP and Bush 70% of GDP, what was Obama's?

The deficit for Reagan was still 52% of GDP and Bush 70% of GDP?

Really? Deficits during the Reagan years were 52% of the GDP, and 70% during Bush years? Holy crap, it's worse than I thought! That trillion 2018 dollars proposed by Trump, that great "conservative", is bad enough, but that's only maybe 5% or so of the GDP.

 

[Dittohead not!]

What we continue to see and you continue to ignore is that rising revenue doesn't increase deficits, rising spending does. As I have asked and you ignored post the line items in the budget to see where those deficits truly are. What are you afraid of?

That's exactly what I've been saying! The problem is rising spending. We have trillion dollar deficits due to overspending. Trump and his minions talk a good game, but they're as leftist as any Democrat when it comes to spending.

Which line items are causing the overspending? Is that important? Every part of the budget needs to be scrutinized and cut if necessary. No one is willing to do that.