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Thread: Trump's budget: Oceans of red ink

  1. #51
    Thought Provocateur NightSwimmer's Avatar
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    Quote Originally Posted by Libertine View Post
    https://www.whitehouse.gov/wp-conten...z1-fy2019.xlsx

    Your cite doesn't agree with your claims. It shows that debt as a percentage of GDP at 68% as Obama took office and 106% in Obama's last year. It dropped to 105% in Trump's first year.
    Debt is not deficit.
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  2. #52
    Thought Provocateur NightSwimmer's Avatar
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    Quote Originally Posted by Libertine View Post
    No repeal necessary, the GWB tax cuts automatically expired because it was passed by reconciliation. If Congressional Dems had not taken action to resurrect them in 2010 they would have went away.
    Had they not agreed to retain the Bush tax cuts, the Republicans were going to cut people's unemployment insurance.

  3. #53
    Shiny Purple Member namvet69's Avatar
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    Quote Originally Posted by Miller47 View Post
    I thought an infrastructure plan was a GOOD thing.

    Not when Trump does it?
    Of course it is but we're talking about spending on this thread. To advance a trillion dollar expenditure without a clear path to how to pay for it is not such a good thing no matter who proposes it. Reminds me of Bush all over again but on roids! Slash taxes and spend like a drunken sailor. You can push just so much of the infra cost on the individual states but eventually federal dollars have to pay its share.

    If these two spending packages (because that's what a huge tax cut is: spending) had been done in reverse order, it would make more sense because the tax cut would have to be looked at with an eye to paying for the INfra spending.

    This is just wild spending and we all know who will pay and it sure ain't the wealthy or corporations.

    But, this is what the GOP does. And then they piss and moan when the other side spends.

    Fiscal conservatism is just so many words.
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  4. #54
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    Quote Originally Posted by namvet69 View Post
    Of course it is but we're talking about spending on this thread. To advance a trillion dollar expenditure without a clear path to how to pay for it is not such a good thing no matter who proposes it. Reminds me of Bush all over again but on roids! Slash taxes and spend like a drunken sailor. You can push just so much of the infra cost on the individual states but eventually federal dollars have to pay its share.

    If these two spending packages (because that's what a huge tax cut is: spending) had been done in reverse order, it would make more sense because the tax cut would have to be looked at with an eye to paying for the INfra spending.

    This is just wild spending and we all know who will pay and it sure ain't the wealthy or corporations.

    But, this is what the GOP does. And then they piss and moan when the other side spends.

    Fiscal conservatism is just so many words.
    Neither party cares about fiscal conservatism.

    To say that we spend like drunken sailors would be an insult to actual drunken sailors.

  5. #55
    Moderator HayJenn's Avatar
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    Quote Originally Posted by NightSwimmer View Post
    Debt is not deficit.
    And Obama actually cut the deficit.

    That's not going to happen under this Administration.

  6. #56
    Above the FRAY Friday13's Avatar
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    Quote Originally Posted by HayJenn View Post
    Not when you factor in what was signed last week.

    But it will contribute to rising deficits and debt ...
    According to a preliminary analysis of the deal, federal deficits are projected surpass $1 trillion by 2019, a level not seen since the recession and its aftermath.

    Deficits will grow even more if the policies in the deal are extended beyond 2019. Lawmakers have also promised that individual tax cuts passed in December that are set to expire after 10 years will be extended, which would put even more pressure on the federal debt.

    The caps, which Congress set for itself in 2011, will be surpassed by about $300 billion over two years, significantly more than in the past.

    https://www.nytimes.com/interactive/...ding-bill.html

    The economy is strong right now. Why the need to add so much to the deficit??

    But I get it, somehow certain people are going to blame this on Obama, no matter what the underlying circumstances are.
    Trump's $4 Trillion "budget" helps move deficit sharply higher

    President Donald Trump is proposing a $4 trillion-plus budget for next year that projects a $1 trillion or so federal deficit and — unlike the plan he released last year — never comes close to promising a balanced federal ledger even after 10 years.

    And that's before last week's $300 billion budget pact is added this year and next, showering both the Pentagon and domestic agencies with big increases.
    The spending spree, along with last year's tax cuts, has the deficit moving sharply higher with Republicans in control of Washington.


    The original plan was for Trump's new budget to slash domestic agencies even further than last year's proposal, but instead it will land in Congress three days after he signed a two-year spending agreement that wholly rewrites both last year's budget and the one to be released Monday.

    [...]

    In a preview of the 2019 budget, the White House on Sunday focused on Trump's $1.5 trillion plan for the nation's crumbling infrastructure. He also will ask for a $13 billion increase over two years for opioid prevention, treatment and long-term recovery. A request of $23 billion for border security, including $18 billion for a wall along the U.S.-Mexico border and money for more detention beds for detained immigrants, is part of the budget, too.

    ...MORE...
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  7. #57
    Moderator HayJenn's Avatar
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    Quote Originally Posted by Miller47 View Post
    Neither party cares about fiscal conservatism.

    To say that we spend like drunken sailors would be an insult to actual drunken sailors.
    LOL - where have you been for the last 9 years when the GOP and the Tea Party bitched and moaned about Obama's spending?

  8. #58
    Above the FRAY Friday13's Avatar
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    Quote Originally Posted by beatleboy View Post
    The economy completely collapsed, how do think that was to be corrected, let the auto industry fail, let the banks go under, what the hell good would that have done? Millions out of jobs, no income, living on borrowed time with unemployment, snap, etc., all needs to be paid for, did you hem and haw when Bush put us in so much debt with his medicare D, his tax cuts for the rich, his two wars, not paying ONE DIME for any of it, put it all on the American credit card. I see a selective memory.
    In addition to TWO wars Bush kept off the books...

    Bush43 Bailouts 2001 thru 2008: $1,633.6 Trillion

    Obama Bailout 2009: $142.2 Billion

    History of US Government Bailouts
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  9. #59
    Veteran Member TNVolunteer73's Avatar
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    FAKE NEWS ALERT FAKE NEWS ALERT THE DUMBASS OP CLAIMS THE BUDGET PASSED WAS TRUMPS BUDGET FAKE NEWS ALERT

    This Budget was a compromise between ESTABLISHMENT Republicans and Democrats in the 2 HOUSES OF CONGRESS not Trumps Budget he proposed.

  10. #60
    Moderator HayJenn's Avatar
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    Quote Originally Posted by TNVolunteer73 View Post
    FAKE NEWS ALERT FAKE NEWS ALERT THE DUMBASS OP CLAIMS THE BUDGET PASSED WAS TRUMPS BUDGET FAKE NEWS ALERT

    This Budget was a compromise between ESTABLISHMENT Republicans and Democrats in the 2 HOUSES OF CONGRESS not Trumps Budget he proposed.
    Yes we know that there was a bi-partisan bill to keep the govt open.

    It has nothing to do at all with his budget proposal

    So why you have to scream in big bold letters what people already know is beyond me.

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