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US deficit hits 7 year high

GDS
GDS Member Posts: 1,470
https://www.washingtonpost.com/business/2019/10/25/us-deficit-hit-billion-marking-nearly-percent-increase-during-trump-era/

The U.S. deficit hit $984 billion in 2019, soaring during Trump era Spending increases, tax cuts, and political apathy fueled surge, and interest payments now near $400 billion

The country’s worsening fiscal picture runs in sharp contrast to President Trump’s campaign promise to eliminate the federal debt within eight years.

Promises made, promises kept. Oh wait...
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Comments

  • Sledog
    Sledog Member Posts: 37,715 Standard Supporter
    So tell me again who sets the budget?
  • HHusky
    HHusky Member Posts: 23,897
    Sledog said:

    So tell me again who sets the budget?

    So your defense is that Daddy tricked you.
  • Sledog
    Sledog Member Posts: 37,715 Standard Supporter
    HHusky said:

    Sledog said:

    So tell me again who sets the budget?

    So your defense is that Daddy tricked you.
    Just playing like a dem. You don't like it. Why not?
  • jecornel
    jecornel Member Posts: 9,737
    Sledog said:

    So tell me again who sets the budget?

    LOL
  • pawz
    pawz Member, Moderator, Swaye's Wigwam Posts: 22,436 Founders Club
    GDS said:

    https://www.washingtonpost.com/business/2019/10/25/us-deficit-hit-billion-marking-nearly-percent-increase-during-trump-era/

    The U.S. deficit hit $984 billion in 2019, soaring during Trump era Spending increases, tax cuts, and political apathy fueled surge, and interest payments now near $400 billion

    The country’s worsening fiscal picture runs in sharp contrast to President Trump’s campaign promise to eliminate the federal debt within eight years.

    Promises made, promises kept. Oh wait...

    Nice crocodile tears as always.

    Where were you on this issue prior to Jan '17? That's what I thought.
  • HHusky
    HHusky Member Posts: 23,897
    edited October 2019
    pawz said:

    GDS said:

    https://www.washingtonpost.com/business/2019/10/25/us-deficit-hit-billion-marking-nearly-percent-increase-during-trump-era/

    The U.S. deficit hit $984 billion in 2019, soaring during Trump era Spending increases, tax cuts, and political apathy fueled surge, and interest payments now near $400 billion

    The country’s worsening fiscal picture runs in sharp contrast to President Trump’s campaign promise to eliminate the federal debt within eight years.

    Promises made, promises kept. Oh wait...

    Nice crocodile tears as always.

    Where were you on this issue prior to Jan '17? That's what I thought.
    I was opposing tax cuts and happy to see modest tax increases enacted. Thanks for asking.
  • CirrhosisDawg
    CirrhosisDawg Member Posts: 6,390
    Trumptards like their free shit.
  • HHusky
    HHusky Member Posts: 23,897

    Trumptards like their free shit.

    They do. And back before (R) stood for Retard, the GOP understood that raising revenues is also a tool for reducing deficits.
  • SFGbob
    SFGbob Member Posts: 33,183
    HHusky said:

    pawz said:

    GDS said:

    https://www.washingtonpost.com/business/2019/10/25/us-deficit-hit-billion-marking-nearly-percent-increase-during-trump-era/

    The U.S. deficit hit $984 billion in 2019, soaring during Trump era Spending increases, tax cuts, and political apathy fueled surge, and interest payments now near $400 billion

    The country’s worsening fiscal picture runs in sharp contrast to President Trump’s campaign promise to eliminate the federal debt within eight years.

    Promises made, promises kept. Oh wait...

    Nice crocodile tears as always.

    Where were you on this issue prior to Jan '17? That's what I thought.
    I was opposing tax cuts and happy to see modest tax increases enacted. Thanks for asking.
    Nothing stopping you from obtaining your goal of paying more in taxes right now you fucking hypocrite.
  • HHusky
    HHusky Member Posts: 23,897
    SFGbob said:

    HHusky said:

    pawz said:

    GDS said:

    https://www.washingtonpost.com/business/2019/10/25/us-deficit-hit-billion-marking-nearly-percent-increase-during-trump-era/

    The U.S. deficit hit $984 billion in 2019, soaring during Trump era Spending increases, tax cuts, and political apathy fueled surge, and interest payments now near $400 billion

    The country’s worsening fiscal picture runs in sharp contrast to President Trump’s campaign promise to eliminate the federal debt within eight years.

    Promises made, promises kept. Oh wait...

    Nice crocodile tears as always.

    Where were you on this issue prior to Jan '17? That's what I thought.
    I was opposing tax cuts and happy to see modest tax increases enacted. Thanks for asking.
    Nothing stopping you from obtaining your goal of paying more in taxes right now you fucking hypocrite.
    I’m not going to put my shoulder to the wheel by myself, blob. That’s a vain act.

    And nothing is stopping you from turning down your tax cut if you’re concerned about deficits.
  • jecornel
    jecornel Member Posts: 9,737
    Corporate welfare is high on the rights list of priorities.
  • SFGbob
    SFGbob Member Posts: 33,183
    Typical liberal, isn’t willing to do what you’re demanding from everyone else.

    Cut spending, I’d be happy to point out areas of the budget where we could cut billions.

    I can’t achieve my policy goals on my own but you can achieve yours. You can write a bigger check to the government today but you won’t because you’re a hypocrite.
  • SFGbob
    SFGbob Member Posts: 33,183
    jecornel said:

    Corporate welfare is high on the rights list of priorities.

    Cite for me the corporate welfare I as a conservative support.
  • SFGbob
    SFGbob Member Posts: 33,183

    Trumptards like their free shit.

    Says the Kunt who defends to the death the state that has 1/3 of all Welfare recipients in the entire country.
  • CirrhosisDawg
    CirrhosisDawg Member Posts: 6,390
    SFGbob said:

    Trumptards like their free shit.

    Says the Kunt who defends to the death the state that has 1/3 of all Welfare recipients in the entire country.
    California has a balanced budget and just had its credit rating upgraded to Aa2 by Moody’s. The fiscally responsible policy makers in Sacramento once again accomplishing something at which trump is a miserable failure. Nothing new.
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 113,805 Founders Club

    SFGbob said:

    Trumptards like their free shit.

    Says the Kunt who defends to the death the state that has 1/3 of all Welfare recipients in the entire country.
    California has a balanced budget and just had its credit rating upgraded to Aa2 by Moody’s. The fiscally responsible policy makers in Sacramento once again accomplishing something at which trump is a miserable failure. Nothing new.


  • HHusky
    HHusky Member Posts: 23,897

    Revenues are up thanks to the tax cuts

    Don't blame me. Instead feel free to fuck off

    Revenues are never down in a growing economy. That’s true under any tax regimen we’ve ever had.
  • HHusky
    HHusky Member Posts: 23,897
    SFGbob said:

    Typical liberal, isn’t willing to do what you’re demanding from everyone else.

    Cut spending, I’d be happy to point out areas of the budget where we could cut billions.

    I can’t achieve my policy goals on my own but you can achieve yours. You can write a bigger check to the government today but you won’t because you’re a hypocrite.

    You’d have a fabulous point if my only policy prescription was to raise my own taxes.
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 113,805 Founders Club
    HHusky said:

    Revenues are up thanks to the tax cuts

    Don't blame me. Instead feel free to fuck off

    Revenues are never down in a growing economy. That’s true under any tax regimen we’ve ever had.
    That's good news then

  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 113,805 Founders Club
    Thank you Mr President
  • GDS
    GDS Member Posts: 1,470

    accepting 2016 Republican presidential nomination, Trump ripped Obama for hiking deficits and debt

    Treasury says 2019 deficit is 4.6% of GDP

    that’s higher than at any point in Obama’s 2nd term, when US was still recovering from financial crisis/recession he inherited from GWB

    — John Harwood (@JohnJHarwood) October 25, 2019
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 113,805 Founders Club
    Maybe Congress should cut some spending while they are obsessed with impeachment

    Trump has grown the economy and revenues. What else do you want?
  • CirrhosisDawg
    CirrhosisDawg Member Posts: 6,390
    edited October 2019

    SFGbob said:

    Trumptards like their free shit.

    Says the Kunt who defends to the death the state that has 1/3 of all Welfare recipients in the entire country.
    California has a balanced budget and just had its credit rating upgraded to Aa2 by Moody’s. The fiscally responsible policy makers in Sacramento once again accomplishing something at which trump is a miserable failure. Nothing new.


    “The budget is in remarkably good shape. It is difficult to overstate how good the budget’s condition is today. Under our estimates of revenues and spending, the state’s reserve would equal $14.5b by year end 2019-20. In addition, we project the legislature will have an additional $14.8b in additional resources to allocate in 2019-20.”
    California LAO
  • CirrhosisDawg
    CirrhosisDawg Member Posts: 6,390

    HHusky said:

    Revenues are up thanks to the tax cuts

    Don't blame me. Instead feel free to fuck off

    Revenues are never down in a growing economy. That’s true under any tax regimen we’ve ever had.
    That's good news then


    It only took a trillion dollars in deficit spending and a 2.25% fed funds rate to stimulate the economy to the blistering growth rate of 2.9% and falling.
  • GDS
    GDS Member Posts: 1,470

    Maybe Congress should cut some spending while they are obsessed with impeachment

    Trump has grown the economy and revenues. What else do you want?

    Congress is the one that needs to push spending cuts but Trump is responsible for economic growth and increasing revenue...fucking hell race wipe your chin. Cheetoh gizz dripping everywhere.
  • Kaepsknee
    Kaepsknee Member Posts: 14,913
    HHusky said:

    Trumptards like their free shit.

    They do. And back before (R) stood for Retard, the GOP understood that raising revenues is also a tool for reducing deficits.
    When was this?
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 113,805 Founders Club
    GDS said:

    Maybe Congress should cut some spending while they are obsessed with impeachment

    Trump has grown the economy and revenues. What else do you want?

    Congress is the one that needs to push spending cuts but Trump is responsible for economic growth and increasing revenue...fucking hell race wipe your chin. Cheetoh gizz dripping everywhere.
    What policies has congress enacted to help the economy or increase revenues?

    Trump has slashed EOs that stop growth and cut taxes that has increased growth and revenues

    May get you face off Schiff's dick long enough to get a clue

    Congress controls the purse. What kind of a fucking moron doesn't know that?

    And don't forget the 30 trillion in new spending the dem candidates want

    Why the fuck would anyone take you seriously?
  • MikeDamone
    MikeDamone Member Posts: 37,781
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 113,805 Founders Club

    HHusky said:

    Revenues are up thanks to the tax cuts

    Don't blame me. Instead feel free to fuck off

    Revenues are never down in a growing economy. That’s true under any tax regimen we’ve ever had.
    That's good news then


    It only took a trillion dollars in deficit spending and a 2.25% fed funds rate to stimulate the economy to the blistering growth rate of 2.9% and falling.
    Meltdown at increased growth, revenue, and money for Americans

    Fuck off