Budget Deficit Tops $1T

[djAdvocate]

this is from the Washington Examiner (right wing publication):

The federal government's budget deficit was over $1 trillion for the first 11 months of the 2019 fiscal year, the Congressional Budget Office estimated in a report released on Monday.


The deficit is $168 billion more than the deficit that occurred during the same period last year.

Revenues went up by $102 billion in comparison to the previous fiscal year, but the amount the federal government spent went up much more, $271 billion higher during the same period.

The CBO, Congress' official nonpartisan budget and economic analysis agency, projects that the overall 2019 budget deficit will eventually fall below $1 trillion to $960 billion because the tax payments due in September will likely create a surplus in that month. Nevertheless, it's on track to be the biggest shortfall since 2012, when the economy was still suffering in the wake of the financial crisis.

[djAdvocate]

congrats to Trump for joining the $1T club.

MAGA!!!

[djAdvocate]

if we have a recession, no doubt Trump will try to stop it by cutting taxes, which will drive up the deficit even more.

[Deleted]

Are there any candidates this time around making this a central issue? I don’t know of any......

What is the worlds endgame on this? Soaring interest rates, other countries cashing in US debt, printing money until we have a German Mark scenario?

www.google.com/amp/s/www.dailymail.co.uk/news/article-5088405/amp/When-cash-worthless-Germany-World-War.html

[busymom]

Isn't it amazing how the GOP has fallen silent on how important the deficit is?     It used to be their call to battle.  I guess they've officially given up the fort on being the party of "financial responsibility".  

[OldCoyote]

Wow, think how high the debt is going to be when Sanders and Warren's, cancel the student debt, free college, and free medicare for every one!!

Oh, don't forget AOC's New Green Deal,,, that one alone is 93trillion$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

[Gardening Grandma]

Sept 24, 2019 9:56:35 GMT -5 busymom said:

Isn't it amazing how the GOP has fallen silent on how important the deficit is?     It used to be their call to battle.  I guess they've officially given up the fort on being the party of "financial responsibility".  

Nothing amazing about their “selective concern”. They only “care” when a Dem is in the WH.

[djAdvocate]

Sept 24, 2019 21:17:02 GMT -5 OldCoyote said:

Wow, think how high the debt is going to be when Sanders and Warren's, cancel the student debt, free college, and free medicare for every one!!

Oh, don't forget AOC's New Green Deal,,, that one alone is 93trillion$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

you have already explicitly stated that deficits don't matter.

MAGA!!!!

[djAdvocate]

Sept 24, 2019 9:56:35 GMT -5 busymom said:

Isn't it amazing how the GOP has fallen silent on how important the deficit is?     It used to be their call to battle.  I guess they've officially given up the fort on being the party of "financial responsibility".  

it was a callow ruse to cut budgets. mostly on social programs.

meanwhile, they boost spending everywhere else, and cut taxes.

MAGA!!!!!

[OldCoyote]

Sept 24, 2019 21:33:12 GMT -5 djAdvocate said:

Sept 24, 2019 21:17:02 GMT -5 OldCoyote said:

Wow, think how high the debt is going to be when Sanders and Warren's, cancel the student debt, free college, and free medicare for every one!!

Oh, don't forget AOC's New Green Deal,,, that one alone is 93trillion$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

you have already explicitly stated that deficits don't matter.

MAGA!!!!

I was only commenting on how high, I didn't say I cared.

[djAdvocate]

Sept 24, 2019 21:35:33 GMT -5 OldCoyote said:

Sept 24, 2019 21:33:12 GMT -5 djAdvocate said:

you have already explicitly stated that deficits don't matter.

MAGA!!!!

I was only commenting on how high, I didn't say I cared.

"it didn't matter under Obama, it doesn't matter now"

paraphrasing you.

[tbop77]

Sept 24, 2019 21:17:02 GMT -5 OldCoyote said:

Wow, think how high the debt is going to be when Sanders and Warren's, cancel the student debt, free college, and free medicare for every one!!

Oh, don't forget AOC's New Green Deal,,, that one alone is 93trillion$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

For real, cause you would think that if a country was spending a trillion dollars a year more than they take in, that country would have the best education, medical care, and healthiest population on the planet.  

And that is a trillion with a capital T   $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

[OldCoyote]

OK, so what, Is there something you are going to do to stop it?

There is nothing you are going to do,

On this board, there are dozen of us that think we can fix the World,

Actually you can do nothing, except irritate other posters, that is it!

In reality, do you tell your family and friend you post on this political message board, Careful you may be violating RED FLAG LAWS!!

[raeoflyte]

Sept 25, 2019 9:22:18 GMT -5 OldCoyote said:

OK, so what, Is there something you are going to do to stop it?

There is nothing you are going to do,

On this board, there are dozen of us that think we can fix the World,

Actually you can do nothing, except irritate other posters, that is it!

In reality, do you tell your family and friend you post on this political message board, Careful you may be violating RED FLAG LAWS!!

It makes me feel better on some level that you are self aware enough to admit that this is your only actual motivation.  

Although I disagree that you can't do anything.  Turning off the screen and doing something, even small things can make big impacts especially with the habit of doing that repeatedly overtime.  No more slacktivism!  

[djAdvocate]

Sept 25, 2019 9:22:18 GMT -5 OldCoyote said:

OK, so what, Is there something you are going to do to stop it?

There is nothing you are going to do,

On this board, there are dozen of us that think we can fix the World,

Actually you can do nothing, except irritate other posters, that is it!

In reality, do you tell your family and friend you post on this political message board, Careful you may be violating RED FLAG LAWS!!

we have discussed this on the board.

I suggested that we raise revenues 10% and cut expenses 10%, then use the surplus for a rainy day fund.  after the next recession passes, the rainy day funds would go to pay the debt.

it is really not that difficult if you can get people to line up behind you.

problem is that Democrats don't want to cut spending and Republicans don't want to raise taxes.

so, y'all are fucked.

good luck with that.

[Deleted]

Sept 26, 2019 11:33:44 GMT -5 djAdvocate said:

Sept 25, 2019 9:22:18 GMT -5 OldCoyote said:

OK, so what, Is there something you are going to do to stop it?

There is nothing you are going to do,

On this board, there are dozen of us that think we can fix the World,

Actually you can do nothing, except irritate other posters, that is it!

In reality, do you tell your family and friend you post on this political message board, Careful you may be violating RED FLAG LAWS!!

we have discussed this on the board.

I suggested that we raise revenues 10% and cut expenses 10%, then use the surplus for a rainy day fund.  after the next recession passes, the rainy day funds would go to pay the debt.

it is really not that difficult if you can get people to line up behind you.

problem is that Democrats don't want to cut spending and Republicans don't want to raise taxes.

so, y'all are fucked.

good luck with that.

I'm not.