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Trump tax cuts, spending bill projected to raise federal deficit $804B+
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Kruciff Offline
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Trump tax cuts, spending bill projected to raise federal deficit $804B+
04-09-2018 02:54 PM
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UTSAMarineVet09 Offline
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RE: Trump tax cuts, spending bill projected to raise federal deficit $804B+
Let me know when he adds $8T to the national debt.
04-09-2018 02:58 PM
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Redwingtom Offline
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RE: Trump tax cuts, spending bill projected to raise federal deficit $804B+
(04-09-2018 02:58 PM)UTSAMarineVet09 Wrote:  Let me know when he adds $8T to the national debt.

He's on pace. Already up like 1.1T so far and it's only expected to increase exponentially over the next several years. If he's in 8 years, he'll easily top that barring trickle down economics suddenly working for the first time ever.
04-09-2018 03:03 PM
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Redwingtom Offline
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RE: Trump tax cuts, spending bill projected to raise federal deficit $804B+
Per the NY Times:

WASHINGTON — The federal government’s annual budget deficit is set to widen significantly in the next few years, topping $1 trillion in 2020 despite healthy economic growth, according to new projections from the nonpartisan Congressional Budget Office.

The national debt, which has topped $21 trillion, is expected to soar to more than $33 trillion in 2028. By then, debt held by the public will almost match the size of the nation’s economy, reaching 96 percent of gross domestic product, a higher level than any point since just after World War II and well past the level that economists say could court a crisis.
04-09-2018 03:04 PM
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Kruciff Offline
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RE: Trump tax cuts, spending bill projected to raise federal deficit $804B+
(04-09-2018 03:04 PM)Redwingtom Wrote:  Per the NY Times:

WASHINGTON — The federal government’s annual budget deficit is set to widen significantly in the next few years, topping $1 trillion in 2020 despite healthy economic growth, according to new projections from the nonpartisan Congressional Budget Office.

The national debt, which has topped $21 trillion, is expected to soar to more than $33 trillion in 2028. By then, debt held by the public will almost match the size of the nation’s economy, reaching 96 percent of gross domestic product, a higher level than any point since just after World War II and well past the level that economists say could court a crisis.

But it's ok since it's a republican doing it and not a black guy
04-09-2018 03:06 PM
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UTSAMarineVet09 Offline
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RE: Trump tax cuts, spending bill projected to raise federal deficit $804B+
(04-09-2018 03:03 PM)Redwingtom Wrote:  
(04-09-2018 02:58 PM)UTSAMarineVet09 Wrote:  Let me know when he adds $8T to the national debt.

He's on pace. Already up like 1.1T so far and it's only expected to increase exponentially over the next several years. If he's in 8 years, he'll easily top that barring trickle down economics suddenly working for the first time ever.

so being on pace means that it happened already? like I said, let me know when he surpasses $8T... 07-coffee3
04-09-2018 03:06 PM
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UTSAMarineVet09 Offline
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Post: #7
RE: Trump tax cuts, spending bill projected to raise federal deficit $804B+
(04-09-2018 03:06 PM)Kruciff Wrote:  
(04-09-2018 03:04 PM)Redwingtom Wrote:  Per the NY Times:

WASHINGTON — The federal government’s annual budget deficit is set to widen significantly in the next few years, topping $1 trillion in 2020 despite healthy economic growth, according to new projections from the nonpartisan Congressional Budget Office.

The national debt, which has topped $21 trillion, is expected to soar to more than $33 trillion in 2028. By then, debt held by the public will almost match the size of the nation’s economy, reaching 96 percent of gross domestic product, a higher level than any point since just after World War II and well past the level that economists say could court a crisis.

But it's ok since it's a republican doing it and not a black guy

damn... just took 5 posts to make this about race... bahahahahahahahahahahah!!!!
04-09-2018 03:07 PM
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thespiritof1976 Offline
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Post: #8
RE: Trump tax cuts, spending bill projected to raise federal deficit $804B+
Budget analysis, huh ? By who ? By the DNC ?

Take the red pill and know that "ignorance is bliss" is the toxic elixir that TPTB use to keep you hemmed in to the henhouse (which are guarded by the wolves).
04-09-2018 03:10 PM
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Bull_Is_Back Offline
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Post: #9
RE: Trump tax cuts, spending bill projected to raise federal deficit $804B+
(04-09-2018 03:06 PM)Kruciff Wrote:  But it's ok since it's a republican doing it and not a black guy

Right... Nobody here would have opposed Obama's spending at all if he was white... Clearly we will agree with anything a white liberal democrat says...

I wish I could say you're better than this... But you're not..
04-09-2018 03:10 PM
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thespiritof1976 Offline
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RE: Trump tax cuts, spending bill projected to raise federal deficit $804B+
(04-09-2018 03:07 PM)UTSAMarineVet09 Wrote:  
(04-09-2018 03:06 PM)Kruciff Wrote:  
(04-09-2018 03:04 PM)Redwingtom Wrote:  Per the NY Times:

WASHINGTON — The federal government’s annual budget deficit is set to widen significantly in the next few years, topping $1 trillion in 2020 despite healthy economic growth, according to new projections from the nonpartisan Congressional Budget Office.

The national debt, which has topped $21 trillion, is expected to soar to more than $33 trillion in 2028. By then, debt held by the public will almost match the size of the nation’s economy, reaching 96 percent of gross domestic product, a higher level than any point since just after World War II and well past the level that economists say could court a crisis.

But it's ok since it's a republican doing it and not a black guy

damn... just took 5 posts to make this about race... bahahahahahahahahahahah!!!!

Just one more person to put on my ignore list.......but that's ok, cause I took rath v2.0 off of it...why he was ever on my ignore list is beyond me....probably something he said about UCF and I should have just have had a laugh with him about it anyway....
(This post was last modified: 04-09-2018 03:12 PM by thespiritof1976.)
04-09-2018 03:10 PM
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UofMstateU Offline
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Post: #11
RE: Trump tax cuts, spending bill projected to raise federal deficit $804B+
Did any of that analysis account for the repatriating of money thats happening? Or did they leave that out of their work?
04-09-2018 03:17 PM
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thespiritof1976 Offline
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Post: #12
RE: Trump tax cuts, spending bill projected to raise federal deficit $804B+
You know, all of you liberals could send the government as much money as you like. You know, if you'd like to (literally) put your money where your mouths are. Of course, you'll just continue to tell everyone else how to live anyway while not doing anything.
04-09-2018 03:19 PM
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JMUDunk Offline
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Post: #13
RE: Trump tax cuts, spending bill projected to raise federal deficit $804B+
(04-09-2018 03:03 PM)Redwingtom Wrote:  
(04-09-2018 02:58 PM)UTSAMarineVet09 Wrote:  Let me know when he adds $8T to the national debt.

He's on pace. Already up like 1.1T so far and it's only expected to increase exponentially over the next several years. If he's in 8 years, he'll easily top that barring trickle down economics suddenly working for the first time ever.

What it "trickle down economics"? Is that even a thing?

If we continue with an expanding economy, these forecasts are useless exercises in navel gazing.

That is, of course, if we can hold the line somewhat on the spending side which hasn't happened yet. 03-puke
04-09-2018 03:26 PM
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thespiritof1976 Offline
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RE: Trump tax cuts, spending bill projected to raise federal deficit $804B+
(04-09-2018 03:26 PM)JMUDunk Wrote:  
(04-09-2018 03:03 PM)Redwingtom Wrote:  
(04-09-2018 02:58 PM)UTSAMarineVet09 Wrote:  Let me know when he adds $8T to the national debt.

He's on pace. Already up like 1.1T so far and it's only expected to increase exponentially over the next several years. If he's in 8 years, he'll easily top that barring trickle down economics suddenly working for the first time ever.

What it "trickle down economics"? Is that even a thing?

If we continue with an expanding economy, these forecasts are useless exercises in navel gazing.

That is, of course, if we can hold the line somewhat on the spending side which hasn't happened yet. 03-puke

Government will never quit spending.

Look at this way, if prostitution, drugs, and gambling were legalized, regulated, and taxed across all 50 states the government would no doubt take in a hell of a lot more revenue but the expenditures would exceed that by at least 2-1.
04-09-2018 03:29 PM
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JMUDunk Offline
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RE: Trump tax cuts, spending bill projected to raise federal deficit $804B+
(04-09-2018 03:06 PM)Kruciff Wrote:  
(04-09-2018 03:04 PM)Redwingtom Wrote:  Per the NY Times:

WASHINGTON — The federal government’s annual budget deficit is set to widen significantly in the next few years, topping $1 trillion in 2020 despite healthy economic growth, according to new projections from the nonpartisan Congressional Budget Office.

The national debt, which has topped $21 trillion, is expected to soar to more than $33 trillion in 2028. By then, debt held by the public will almost match the size of the nation’s economy, reaching 96 percent of gross domestic product, a higher level than any point since just after World War II and well past the level that economists say could court a crisis.

But it's ok since it's a republican doing it and not a black guy

Said no one ever.

Not ok then, not ok now. This isn't that tough.
04-09-2018 03:31 PM
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thespiritof1976 Offline
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RE: Trump tax cuts, spending bill projected to raise federal deficit $804B+
Oh, and for the record, most on the right/libertarian side don't mind if money gets added to the deficit as long as something legitimate and concrete is done with it.

I did not see ONE pot hole. Not ONE street. Not ONE bridge. NOT one thing built with that 2009 stimulus. It went to Obama's cronies. If it went to employ people fitting potholes, or picking up trash, etc.. then most people, including myself, would be ok with it since it helped people stay afloat.

You liberals should be ashamed of yourselves. But you have none.
04-09-2018 03:31 PM
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BuffaloTN Offline
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Post: #17
RE: Trump tax cuts, spending bill projected to raise federal deficit $804B+
We're never paying it back anyways so who gives a damn anymore. That ship has sailed. Better make your hay while you can.
04-09-2018 03:33 PM
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Fort Bend Owl Offline
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Post: #18
RE: Trump tax cuts, spending bill projected to raise federal deficit $804B+
It's ridiculous to talk about 8 trillion dollars and everyone here should know that. That's over 8 years, not 1. Obama's 1st budget by most measures added 1.4 trillion to the deficit. So congrats, Trump's 1st budget improves upon that number. Both numbers suck for you and I, and our children.
04-09-2018 03:34 PM
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JMUDunk Offline
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RE: Trump tax cuts, spending bill projected to raise federal deficit $804B+
(04-09-2018 03:29 PM)thespiritof1976 Wrote:  
(04-09-2018 03:26 PM)JMUDunk Wrote:  
(04-09-2018 03:03 PM)Redwingtom Wrote:  
(04-09-2018 02:58 PM)UTSAMarineVet09 Wrote:  Let me know when he adds $8T to the national debt.

He's on pace. Already up like 1.1T so far and it's only expected to increase exponentially over the next several years. If he's in 8 years, he'll easily top that barring trickle down economics suddenly working for the first time ever.

What it "trickle down economics"? Is that even a thing?

If we continue with an expanding economy, these forecasts are useless exercises in navel gazing.

That is, of course, if we can hold the line somewhat on the spending side which hasn't happened yet. 03-puke

Government will never quit spending.

Look at this way, if prostitution, drugs, and gambling were legalized, regulated, and taxed across all 50 states the government would no doubt take in a hell of a lot more revenue but the expenditures would exceed that by at least 2-1.

Well, I've never suggested Government will ever quit spending.

But geeeez, let's do a couple of relatively simple and common sense things here.

A. Get back to "regular order". No more of these colossal omnibus bills, where no one has read them, they swallow up everything and there's next to no time for people to have a voice or object.

B. Scrap this gddamn idiocy of base-line budgeting with automatic increases across every agency, every position, every expenditure year over year over year. Go to base line budgeting where the dollars need to be justified and shown to be responsibly spent. Further, incentivize the people at these horribly bloated bureaucracy's to BE responsible. If they can find efficiencies to save a half million bucks (pick a number) from the agency budget. they get x% of whatever is saved. 1%? 5%? If you can get enough people in enough of these places onboard you could see real progress in relatively short period. Right now it's precisely the opposite. The incentive is to spend, spend, spend so they can somehow justify next years budget.

C. Cap any increases to a COL/inflation marker. If inflation is running at 2% then the Fed budget can go up a max of 2%. Currently the budget goes up annually at around 4%, that's doubling the damn budget every 25 freaking years. That's.nuts. Serious threats or natural disasters are not part of that. With the otherwise saved monies, we will be able to easily afford to address things like that, or dropping a few daisy cutters on dress wearing cave dwellers.

Long past time for a Big, Asss, Federal, Hair Cut.
(This post was last modified: 04-09-2018 04:06 PM by JMUDunk.)
04-09-2018 04:05 PM
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thespiritof1976 Offline
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Post: #20
RE: Trump tax cuts, spending bill projected to raise federal deficit $804B+
(04-09-2018 04:05 PM)JMUDunk Wrote:  
(04-09-2018 03:29 PM)thespiritof1976 Wrote:  
(04-09-2018 03:26 PM)JMUDunk Wrote:  
(04-09-2018 03:03 PM)Redwingtom Wrote:  
(04-09-2018 02:58 PM)UTSAMarineVet09 Wrote:  Let me know when he adds $8T to the national debt.

He's on pace. Already up like 1.1T so far and it's only expected to increase exponentially over the next several years. If he's in 8 years, he'll easily top that barring trickle down economics suddenly working for the first time ever.

What it "trickle down economics"? Is that even a thing?

If we continue with an expanding economy, these forecasts are useless exercises in navel gazing.

That is, of course, if we can hold the line somewhat on the spending side which hasn't happened yet. 03-puke

Government will never quit spending.

Look at this way, if prostitution, drugs, and gambling were legalized, regulated, and taxed across all 50 states the government would no doubt take in a hell of a lot more revenue but the expenditures would exceed that by at least 2-1.

Well, I've never suggested Government will ever quit spending.

But geeeez, let's do a couple of relatively simple and common sense things here.

A. Get back to "regular order". No more of these colossal omnibus bills, where no one has read them, they swallow up everything and there's next to no time for people to have a voice or object.

B. Scrap this gddamn idiocy of base-line budgeting with automatic increases across every agency, every position, every expenditure year over year over year. Go to base line budgeting where the dollars need to be justified and shown to be responsibly spent. Further, incentivize the people at these horribly bloated bureaucracy's to BE responsible. If they can find efficiencies to save a half million bucks (pick a number) from the agency budget. they get x% of whatever is saved. 1%? 5%? If you can get enough people in enough of these places onboard you could see real progress in relatively short period. Right now it's precisely the opposite. The incentive is to spend, spend, spend so they can somehow justify next years budget.

C. Cap any increases to a COL/inflation marker. If inflation is running at 2% then the Fed budget can go up a max of 2%. Currently the budget goes up annually at around 4%, that's doubling the damn budget every 25 freaking years. That's.nuts. Serious threats or natural disasters are not part of that. With the otherwise saved monies, we will be able to easily afford to address things like that, or dropping a few daisy cutters on dress wearing cave dwellers.

Long past time for a Big, Asss, Federal, Hair Cut.

What I would give for a 5 year freeze on federal spending...
04-09-2018 04:10 PM
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