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Will our deficit hit $2 trillion?
Posted on 3/9/20 at 7:34 pm
Posted on 3/9/20 at 7:34 pm
Saw Trump talking about payroll tax cuts and economic stimulus funds to try and shore up the damage being done by coronavirus.
With interest rates already low and the deficit already over a trillion, how high will our deficit end up?
I think over / under should be at $1.7 trillion.
With interest rates already low and the deficit already over a trillion, how high will our deficit end up?
I think over / under should be at $1.7 trillion.
9
Posted on 3/9/20 at 7:43 pm to TopFlightSecurity
quote:It POTUS says $2 Trillion then Chuckles the Dim Senate Clown will say $8 Trillion. All because, you know, Dims are the fiscal policy wonks and stuff. Dims will approve 4x what is needed then blame R's for the deficit.
Saw Trump talking about payroll tax cuts and economic stimulus funds to try and shore up the damage being done by coronavirus.
With interest rates already low and the deficit already over a trillion, how high will our deficit end up?
I think over / under should be at $1.7 trillion.
Posted on 3/9/20 at 7:47 pm to TopFlightSecurity
Probably. Both sides love spending money now
Posted on 3/9/20 at 8:57 pm to Sidicous
Republicans are just as bad at running up the deficit.
Neither side can pretend to white knight this issue anymore.
Neither side can pretend to white knight this issue anymore.
Posted on 3/10/20 at 6:22 pm to Redleg Guy
quote:
Republicans are just as bad at running up the deficit.
Neither side can pretend to white knight this issue anymore.
Yep. It's really the only issue I care about and neither side seems to care. If we bail out a shitty non-essential industry like the cruise lines I'm going to lose it.
Posted on 3/10/20 at 6:24 pm to TopFlightSecurity
Rand Paul asked to offset $8 billion for Coronavirus funding with other cuts and his amendment got shot down. We are addicted to spending.
Posted on 3/10/20 at 6:53 pm to TopFlightSecurity
Or hotel chains
Posted on 3/10/20 at 6:55 pm to SCLibertarian
quote:
Rand Paul asked to offset $8 billion for Coronavirus funding with other cuts and his amendment got shot down. We are addicted to spending.
"We" aren't addicted to anything.
Most of the voting public is though.
Posted on 3/10/20 at 6:56 pm to CoonassatTEXAS
quote:
Both sides love spending money now
Now?? When has either side been squeamish about spending money.
Posted on 3/10/20 at 7:39 pm to TopFlightSecurity
I'm pretty sure 1/3 our the federal governments receipts are from payroll taxes. This would never pass but lol that'd be hilarious. It funds the entitlements so they'd either have the Fed monetize it or would reduce and extend the appropriate retirement outlays.
Posted on 3/10/20 at 7:42 pm to TopFlightSecurity
If they’re gonna run up the debt at least do it cutting my taxes. Unlike Obama blowing our tax dollars to enrich his buddies.
Posted on 3/10/20 at 7:50 pm to TopFlightSecurity
Over 2T. It will never be addressed. Eventually we will run out of steam and collapse.
This is how a constitutional republic dies.
It’ll probably take another 100 years so yeah... fricking cut my taxes and let assholes down the line deal with it.
This is how a constitutional republic dies.
It’ll probably take another 100 years so yeah... fricking cut my taxes and let assholes down the line deal with it.
Posted on 3/12/20 at 5:55 am to fjlee90
quote:
Over 2T. It will never be addressed. Eventually we will run out of steam and collapse.
This is how a constitutional republic dies.
It’ll probably take another 100 years so yeah... fricking cut my taxes and let a-holes down the line deal with it.
Probably. Trump gonna come out with massive bailouts now to help industries before the election.
Posted on 3/12/20 at 5:57 am to TopFlightSecurity
Don't worry about money at that level. We can print as much of that shite as we need when the time comes.
Posted on 3/12/20 at 5:59 am to Redleg Guy
quote:
Republicans are just as bad at running up the deficit.
I don't think this is really fair. The Republicans are really good at running up the deficit, but not as good as Democrats.
quote:
Neither side can pretend to white knight this issue anymore.
That's fair.
Posted on 3/12/20 at 6:17 am to CoonassatTEXAS
quote:
Both sides love spending money now
quote:
now
NOW????
We're $23T in debt and that didn't start this week
Posted on 3/17/20 at 5:25 pm to TopFlightSecurity
Bump
Posted on 3/31/20 at 5:58 pm to TopFlightSecurity
I was way off. Latest projections are $2.4 trillion this year and that's pending any more stimulus measures.
Posted on 3/31/20 at 5:59 pm to Ace Midnight
quote:
I don't think this is really fair. The Republicans are really good at running up the deficit, but not as good as Democrats.
Democrats didn't start a 20 year war that's accomplished nothing.
Posted on 3/31/20 at 6:17 pm to SCLibertarian
quote:
We are addicted to spending.
Not entirely false but don't act like this isn't anomaly spending.
Do you really want shite to break all the way down right now?
I've got all the guns, ammo & food I need to last this out. 80%+ doesn't. I'm not sure I'm ready to start killing hungry Americans, yet.
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