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Message
re: National debt tops $22 trillion for the first time as experts warn of ripple effects
Posted on 2/13/19 at 5:01 pm to Taxing Authority
Posted on 2/13/19 at 5:01 pm to Taxing Authority
quote:
I don’t think he’s going to be able to separate out descritionary v. the rest of the budget to be able to back the numbers out. He (apparently) thinks baseline applies to the entire budget. It doesn’t. I don’t really want to do his homework for him.
Dude this is what he originally posted:
quote:
Do you understand that the following year (2010) the dems did not pass a budget, they took the previous years budget and added the automatic 5-6% increase and then deemed it passed. EVERY YEAR from 2009 till now, that money is being included every year and that money is compounding at 5-6 annually. This is the reason why we don't see a budget peak in 2009 and then a drop in 2010. It just continues to grow. They kept it in the budget till it couldn't be removed.
Automatic increases have been baked into the budget forever. It wasn't a new concept nor was it uniquely responsible for post-2009 deficits.
2
Posted on 2/13/19 at 5:16 pm to cahoots
quote:
Automatic increases have been baked into the budget forever. It wasn't a new concept nor was it uniquely responsible for post-2009 deficits.
Please show me where I said that.
Posted on 2/13/19 at 5:22 pm to cahoots
quote:Whoooosh!!! It went right over your head.
Automatic increases have been baked into the budget forever. It wasn't a new concept nor was it uniquely responsible for post-2009 deficits.
What he was pointing out is that the “stimulus” bill was sold as a one-time temporary expenditure. It wasn’t. It was added to the baseline budget.
As such... the way it was (and still is) referred to as a $787B expense is dishonest. You provided the perfect example by calling the “$1.5Trillion tax cuts” referring to the 10 year cost, not the $150B yearly cost. This distortion makes it look like Trump’s tax cut is larger. When in reality, it’s several multiples less.
This post was edited on 2/13/19 at 5:24 pm
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