Corker on the proposed budget

RNG

Former Staff
Jan 2015
14,121
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Left coast
From the NYT:

Now, the budget office forecasts that deficits will total $10.1 trillion over the next decade. The deficit is expected to top $1 trillion a year in 2022 and keep growing from there. Federal debt held by the public is at the highest level since shortly after World War II, at 77 percent of the gross domestic product.

“I think the greatest threat to our nation is us,” warned Senator Bob Corker, Republican of Tennessee and a member of the Senate Budget Committee. “The way we handle our finances, we as a nation are the greatest threat to our nation. It’s not ISIS. It’s not North Korea. It’s not ascendant China. It’s not Russia. We are the greatest threat.”
Pretty strong words. I guess now that he is on his way out, he can tell the truth.

https://www.nytimes.com/2017/09/28/us/politics/trump-tax-cuts-deficit-republicans-congress.html?utm_source=newsletter&utm_medium=email&utm_campaign=newsletter_axiosam&stream=top-stories
 
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May 2012
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By the wall
Can't read your link, do they tell us what most of that deficit will be coming from?
 
May 2012
70,523
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By the wall
From spending more than we take in.
Even a first year poli science student would know that.
No, I asked what is the thing that is contributing most to it, I know how a deficit happens.

What is the most costly thing driving this deficit?
 
Sep 2017
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Nun'ya
Good post. It must be freeing to be able to speak the truth when a person has decided to get out of the rat race. Still I do appreciate hearing from Mr. Corker. I guess we can look at this as kinda an exiting interview. I'll be curious to hear more from him.
 

Jets

Moderator
Feb 2011
23,856
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New York
From the link:

This month, the majority of Republicans in the House and the Senate voted to raise the debt limit without doing anything to rein in spending.

Republican lawmakers are pushing to increase military spending by tens of billions of dollars, topping even Mr. Trump’s request for a beefed-up military. Democrats are sharing in the fiscal intemperance, lining up behind a “Medicare for all” proposal despite having no definitive plan for how to pay for universal, government-provided health coverage.


This sums up political reality. No one cares about dealing with the national debt. It will be given lip service and used as a political hammer for both parties to hit one another over the head.

That's all folks...
 
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May 2012
70,523
14,302
By the wall
From the link:

This month, the majority of Republicans in the House and the Senate voted to raise the debt limit without doing anything to rein in spending.

Republican lawmakers are pushing to increase military spending by tens of billions of dollars, topping even Mr. Trump’s request for a beefed-up military. Democrats are sharing in the fiscal intemperance, lining up behind a “Medicare for all” proposal despite having no definitive plan for how to pay for universal, government-provided health coverage.


This sums up political reality. No one cares about dealing with the national debt. It will be given lip service and used as a political hammer for both parties to hit one another over the head.

That's all folks...
Yep and if you read their report you will see they are projecting a reduction in the deficit under Trumps plan.

That is why I'm asking this question.

What does the left think is going to rise the deficit?

It is a NYT article after all so we can assume its biased.
 

RNG

Former Staff
Jan 2015
14,121
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Left coast
Yep and if you read their report you will see they are projecting a reduction in the deficit under Trumps plan.

That is why I'm asking this question.

What does the left think is going to rise the deficit?

It is a NYT article after all so we can assume its biased.
The reduction is for the first year only. Then it grows.

Check out table #1 in the CBO analysis.
 
May 2012
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By the wall
The reduction is for the first year only. Then it grows.

Check out table #1 in the CBO analysis.
Actually if you read the summary they are predicting a reduction for the next 10 years from 2.6 to 3.3%.