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Republican House leadership rejects Biden's $7.3 trillion budget proposal for FY 2025
Posted on 3/11/24 at 3:10 pm
Posted on 3/11/24 at 3:10 pm
LINK
quote:
On Monday, after President Joe Biden unveiled his $7.3 trillion budget proposal for fiscal year (FY) 2025, House Republican leaders in Congress immediately rejected the high ticket spending proposal.
The $7.3 trillion proposal, the White House claims, "reduces the deficit by $3 trillion over the next 10 years." House Speaker Mike Johnson in coordination with the House Republican leadership released a statement rejecting the proposal.
quote:
The New York Times reports that the budget is similar to last year’s proposal from the Biden administration which also did not go anywhere in Congress.
The White House cited decreases in the deficit since he took office in 2021 as a sign of progress in spending cuts. Although, aside from FY 2020 during the pandemic, the deficit levels in the Trump years are lower than the deficits in fiscal year 2022 and 2023.
8
Posted on 3/11/24 at 3:12 pm to WPBTiger
How does spending more reduce a deficit?
And did they mean debt?
And did they mean debt?
Posted on 3/11/24 at 3:18 pm to TerryDawg03
quote:
How does spending more reduce a deficit?
And did they mean debt?
if i recall, bill clinton and bush before him both had budgets right around $500 million
and now these fools are saying we gotta spend $7.3 trillion
This post was edited on 3/11/24 at 3:19 pm
Posted on 3/11/24 at 3:22 pm to WPBTiger
With how they're destroying the economy, won't this add about $3T to the debt, not including interest?
Posted on 3/11/24 at 3:27 pm to keakar
quote:
if i recall, bill clinton and bush before him both had budgets right around $500 million
No. You're a bit off. Like by a factor of 15-20
Posted on 3/11/24 at 3:29 pm to WPBTiger
quote:Why not $73 trillion?
$7.3 trillion budget proposal for fiscal year (FY) 2025
Posted on 3/11/24 at 3:32 pm to WPBTiger
quote:
The $7.3 trillion proposal, the White House claims, "reduces the deficit by $3 trillion over the next 10 years."
Then why don’t we spend 30 trillion and save 10?
Posted on 3/11/24 at 3:33 pm to WPBTiger
quote:
On Monday, after President Joe Biden unveiled his $7.3 trillion budget proposal for fiscal year (FY) 2025
Posted on 3/11/24 at 3:42 pm to WPBTiger
quote:
The White House cited decreases in the deficit since he took office in 2021
Somebody please show me where the deficit "decreased" during any point in time during Trump or Biden's terms or any time the past 50 years.
Slightly incremental reductions in the rate at which the deficit is increasing =/= decreasing the deficit. Just more word salad by stupid liars who are just smart enough to get stupid people to actually believe them.
Oh, what I wouldn't give just to see one single administration in my lifetime actually decrease the national deficit. That would be super.
Posted on 3/11/24 at 3:56 pm to TigerAxeOK
quote:
Slightly incremental reductions in the rate at which the deficit is increasing
And we have a winner. What he did, he took the one covid year of spending and is basing all the math on that, so he is decreasing the spending, but still well above every other year of Trump and certainly even above his current spending.
In other words he is not decreasing the deficit, he is decreasing, when compared to that one year, what was spent in that year which was a deficit.
I think the board would understand better if they used global warming/climate change/point of no return climate, mathematics.
Posted on 3/11/24 at 4:12 pm to WPBTiger
quote:Federal outlays in 2021 were the highest in the history of the nation at $7.249 trillion.
The White House cited decreases in the deficit since he took office in 2021 as a sign of progress in spending cuts.
So they’re taking the highest spending ever (because of Covid) and decreasing that by a little and claiming to cut spending.
frick you Biden.
Fed spending
This post was edited on 3/11/24 at 4:13 pm
Posted on 3/11/24 at 4:16 pm to bhtigerfan
So now we have regular old math, new math and Washington math?
Posted on 3/11/24 at 4:19 pm to MemphisGuy
quote:
So now we have regular old math, new math and Washington math?
And don't forget Bama math.
Posted on 3/11/24 at 4:20 pm to TerryDawg03
quote:
How does spending more reduce a deficit?
The early morning Yahoo News headline explains it:
He's gonna tax the ultra-rich!
I think this has been a part of every Dem budget plan in history.
Posted on 3/11/24 at 4:23 pm to Zach
quote:
He's gonna tax the ultra-rich!
By the time he gets done, the "ultra rich" will equal anyone who currently receives a paycheck.
Posted on 3/11/24 at 4:28 pm to Zach
This post was edited on 3/12/24 at 7:43 am
Posted on 3/11/24 at 4:29 pm to WPBTiger
quote:
The White House cited decreases in the deficit since he took office in 2021 as a sign of progress in spending cuts. Although, aside from FY 2020 during the pandemic, the deficit levels in the Trump years are lower than the deficits in fiscal year 2022 and 2023.
Posted on 3/11/24 at 4:30 pm to MemphisGuy
quote:
By the time he gets done, the "ultra rich" will equal anyone who currently receives a paycheck.
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