Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.
Deficits Don't Matter... again
AZDuck
Member Posts: 15,390
in Tug Tavern
https://www.businessinsider.com/us-government-to-spend-more-on-debt-than-on-military-within-a-decade-2018-9
Next year, the deficit is expected to reach nearly $1 trillion, the first time it has been that large since 2012, when the US was still recovering from the financial crisis and rates were near zero.
In February, a bill was approved to raise federal spending by $300 billion over 3 years, which will further increase the financial burden. The Congressional Budget Office said that interest payments on the national debt are expected to triple over the next decade.
And Washington Republicans introduced legislation this month that would make the tax cuts permanent.
"The issue has just disappeared," Senator Mark Warner, a Virginia Democrat, told the Times. "There's collective amnesia."
In February, a bill was approved to raise federal spending by $300 billion over 3 years, which will further increase the financial burden. The Congressional Budget Office said that interest payments on the national debt are expected to triple over the next decade.
And Washington Republicans introduced legislation this month that would make the tax cuts permanent.
"The issue has just disappeared," Senator Mark Warner, a Virginia Democrat, told the Times. "There's collective amnesia."
Comments
-
Not today
-
We're making America great again by drowning future generations in debt.RaceBannon said:Not today
High five? -
I'm too upset about how Dr Ford is being treated
-
I just thank the lord that she is a survivor who has been able to overcome her claustrophobia and fear of flying so quickly.RaceBannon said:I'm too upset about how Dr Ford is being treated
-
To be fair she only flies several times a year.
Also like how it was beach buddies advising her -
When will you losers get it
Making libs cry is the only thing that matters -
Yes, her fear of flying isn't that bad when she is going on vacation.RaceBannon said:To be fair she only flies several times a year.
Also like how it was beach buddies advising her -
On the economy Obama was quite clear that this is his and Trump didn’t do it
Guess Obama wants to add to his 10 trillion -
Except there's identifiable actions by Trump and Congress to increase expenditures and reduce revenues.RaceBannon said:On the economy Obama was quite clear that this is his and Trump didn’t do it
Guess Obama wants to add to his 10 trillion -
I agree, lets cut spending. Where do you want to cut? Btw, how much did you complain about deficit spending when Obama was in office?2001400ex said:
Except there's identifiable actions by Trump and Congress to increase expenditures and reduce revenues.RaceBannon said:On the economy Obama was quite clear that this is his and Trump didn’t do it
Guess Obama wants to add to his 10 trillion
