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re: Trump Spending Twice as Fast as Earning

Posted on 11/13/18 at 5:37 pm to
Posted by Vacherie Saint
Member since Aug 2015
39388 posts
Posted on 11/13/18 at 5:37 pm to
quote:

A ballooning U.S. budget shortfall -- fueled by tax cuts,


Stopped reading right there. This isn't economic analysis, it's political rhetoric.
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134843 posts
Posted on 11/13/18 at 5:37 pm to
quote:

Sen McConnell says we have to cut medicare and socialist security to make up the shortfall. Dems should have used that clip in all Senate races that were even close.


So what expenditures would you cut back on to stop the debt problem?
Posted by reo45
Member since Nov 2015
6362 posts
Posted on 11/13/18 at 5:39 pm to
This is true, but before the tax cuts were enacted Trump and those damn Republicans should have had plans to cut spending equally, incremenrally, bit it wasn't done. Instead we have spent more and faster than revenue coming in. Tax cuts was a pacifier to some. Not me. I want my government to get ahold of its drunken spending habit. If revenue is indeed coming in at record levels from other sources besides taxes, then all we need to do is cut spending.

She-it has to end.
Posted by sugar71
NOLA
Member since Jun 2012
9967 posts
Posted on 11/13/18 at 5:40 pm to
quote:

TRUMP can't spend money only congress can.

Don't worry I'm sure Nancy will put out a balanced budget in just a few more weeks.




Like the one Paul Ryan and McConnell worked on the past 2 years or so? Pelosi hasn't been speaker since 2010?
Posted by sugar71
NOLA
Member since Jun 2012
9967 posts
Posted on 11/13/18 at 5:41 pm to
quote:

Let's cut welfare and social security


Trump says he's not touching Medicare / Social Security.
Posted by BigJim
Baton Rouge
Member since Jan 2010
14478 posts
Posted on 11/13/18 at 5:53 pm to
quote:

fueled by tax cuts, spending hikes and an aging population


Two of those things are not tax cuts...

and those same two would have been reigned in by Republican Medicaid proposals BUT FOR a handful of moderate R's and EVERY DEMOCRAT.

Posted by olemissfan26
MS
Member since Apr 2012
6233 posts
Posted on 11/13/18 at 5:55 pm to
No one is stopping you from paying more. Why don’t you write a check to the feds or tell them to take out more? Or tell them to keep your tax return
Posted by KingOrange
Mayfair
Member since Aug 2018
8686 posts
Posted on 11/13/18 at 6:09 pm to
Government receipts way up. Spending is always the problem. We all know this.
Posted by SlapahoeTribe
Tiger Nation
Member since Jul 2012
12079 posts
Posted on 11/13/18 at 6:22 pm to
quote:

living extravagantly with the largest security detail in history
What the frick are you talking about. He's living in the same house, as the last 43 guys!

Please explain how his lifestyle is more extravagant than the Presidents of the past 50 years???

And do you really think the security, the INCREASE in security over what any other person would have had today had they been elected 45 (if there even is an increase), is anything? It's not even a rounding error.
Posted by TigerFanInSouthland
Louisiana
Member since Aug 2012
28065 posts
Posted on 11/13/18 at 6:27 pm to
quote:

HEY EVERYONE

NEITHER PARTY CARES ABOUT THE DEFICIT


Fixed that for the both of y’all.
Posted by DyeHardDylan
Member since Nov 2011
7728 posts
Posted on 11/13/18 at 6:29 pm to
There’s literally billions of dollars we could cut from each cabinet department alone
Posted by Rougarou13
Brookhaven MS
Member since Feb 2015
6839 posts
Posted on 11/13/18 at 6:32 pm to
Tax revenue is expected to be at 3.4 trillion for the next fiscal year. That’s climbing toward twice what it was prior to the recession. This is just piss poor propaganda reporting.
Posted by cajuncarguy
On the road...Again!
Member since Jun 2013
3135 posts
Posted on 11/13/18 at 6:38 pm to
Congress sets the budget..But you already knew that, right?
Posted by cahoots
Member since Jan 2009
9134 posts
Posted on 11/13/18 at 7:07 pm to
quote:

Congress sets the budget..But you already knew that, right?



Dude, the President signed the omnibus spending bill. He could have vetoed and there was no guarantee that he could be overridden. If you like Trump, fine. But let's not pretend that he gives a shite about fiscal responsibility based on his actions thus far.
Posted by TigersFan64
Baton Rouge, LA
Member since Oct 2014
4755 posts
Posted on 11/13/18 at 7:07 pm to
Yet another lie from the Liar in Chief. They drug out that old saw about how big tax cuts for the wealthy and corporations would actually improve the federal deficit problem. Now the deficit will be approaching $1 trillion a year. And notice you hear nothing but crickets from the crowd that constantly bitched and moaned about the previous administration's budget deficits. What a bunch of fricking hypocrites.
Posted by cahoots
Member since Jan 2009
9134 posts
Posted on 11/13/18 at 7:09 pm to
quote:

Tax revenue is expected to be at 3.4 trillion for the next fiscal year. That’s climbing toward twice what it was prior to the recession. This is just piss poor propaganda reporting.



Tax revenue is not climbing. It's declining. We collected less in September 2018 than we did in September 2017.
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69249 posts
Posted on 11/13/18 at 7:09 pm to
Tax revenue hit a record high

Spending is what soared

Why can’t you understand this?

Our budget deficit is increasing because of factors that have been years in the making, as the CBO has noted: aging population, interest in debt, etc

Why won’t you answer my question?

What % of the deficit increase is due to tax cuts of 2017?
Posted by cahoots
Member since Jan 2009
9134 posts
Posted on 11/13/18 at 7:10 pm to
quote:

Tax revenue hit a record high



Yeah, before the tax cuts went into effect. Now it's declining.
Posted by SlapahoeTribe
Tiger Nation
Member since Jul 2012
12079 posts
Posted on 11/13/18 at 7:11 pm to
quote:

Tax revenue is expected to be at 3.4 trillion for the next fiscal year. That’s climbing toward twice what it was prior to the recession. This is just piss poor propaganda reporting.

It also pisses me off when they say that we "have to pay for tax cuts." bullshite!
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69249 posts
Posted on 11/13/18 at 7:11 pm to
Ok, but that isn’t the point:

The key question is this: what % of the deficit increase is due to the tax cuts, as opposed to spending increase, interest payments on debt, and Ss/Medicare?
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