All of this "winning". How WILL we ever cope.??
Time to start slashing entitlements.
Let's give it up for the president, McConnell and Paul Ryan, all of whom worked so hard to bring us this sky high deficit. Let's hear it for them
Well now!...This should certainly please the more conservative end of the GOP.
When Trump ran for president, he insisted he would reduce the deficit and bring fiscal responsibility to government. He has presided over a huge increase in the deficit to fund a big gift to his wealthy donors and defense contractors. The rest of us are looking at a bleak future saddled with debt that saps the strength of the economy. Feeling great now, America?
The economic boom is FAKE, it's being supported by borrowing more money. It's basic math, borrow more money, spend it. Ta-da, great economy, right? Well, your kids, their kids, and their kids are going to be making minimum wage for 60 hour weeks, with their spouse, to make enough money to die broke. The next generation is figuring it out.....we are borrowing money, that we aren't going to pay back. We are LITERALLY stealing money from our children, grandchildren and great grandchildren.
Note to self, if doing tax cuts, cut spending to offset revenue losses.
Trump will just do to the US economy what he's done to his string of failed businesses - walk away with the money whilst others are left to pay.
So where are the Fiscal conservatives?
The so-called richest country in the world has a government debt of, and now the monster numbers are coming, of which this president shouted during the 2016 election that it was a disgrace and he was going to bring it down. Today, the state debt in the US, according to WTO, is not the polished figures of the FED, $ 25,900,000,000,000 or more than 110% of GDP, or a debt of $ 83,200 per inhabitant. The money for this debt is to a large extent obtained abroad and especially from China and Japan. Additional info for the fans of this president, the debt increased most by $ 1,900,000,000,000 a year in 2009 in full banking crisis, then the increase dropped to $ 700,000,000,000 in 2013. Now it comes, in the 2 1/2 years under this president, the national debt has risen, while the economy is doing very well, with $ 7,900,000,000,000 or $ 3,150,000,000,000 a year and still rising by $ 45,500 a second. If tomorrow the rating agencies will lower the US ranking, the interest on the borrowed capital will rise like a rocket and the $ 25,900,000,000,000 will have to be paid back more than once. Congratulations to your GOP who stood for good management but are now the docile sheep of this president who lends the US citizen in poverty to the glory of himself with a well-functioning economy, but on borrowed money that will have to be paid back. Just ask the Greeks what this means. Nor was the fun of the Greeks for 2009, until the ranking agencies lowered the ranking of Greece, so that the banks made their money much more expensive. With this president throwing the money away on a useless wall and parties of which he himself does not know the history, but all to his own glory, this must go wrong. What many selfish Americans hope that this debt will not have to be repaid by them but by their children and grandchildren will be vain hope with such an increase. It will not be the president or the GOP, the rich or the democrats who will pay back but the US citizen. Be vigilant because part of the FED is already advocating going back to the gold instead of the dollar as a reference in the financial world. They can devalue the dollar more easily, but the result is that they can no longer export their inflation. As you can see there are very hard times for the US citizen that are mainly caused by this government. I wonder if they will be able to flee their responsibilities like the banks in 2009.
But these are republican deficits. Everyone knows republican deficits are magically different than democrat deficits. Republican deficits trickle down and make everybody rich.
FISCALLY responsible, right conservatives?
The GOP: "The Party of Fiscal Responsibility". I hope we can lay that MYTH to bed forever now.
Hey he can just declare bankruptcy, right?
This is what Donald Trump is known for as a businessman - running companies into the ground and declaring bankruptcy. It's not the immigrants trying to cross the border that are destroying our country it's the corporate tax cuts and greed.
I'm sure the Republicans in Congress are on it.
so funny. They make this stuff up. Nobody really keeps track. They can't. Who even knows what the secret stuff costs. A trillion here and there. Whatever. The banks love this so all is well in Trumpville no Grinch will come calling. Spend forever.
You can't have a rational discussion with a conservative about this increase in the budget deficit. Support for Donald Trump isn't based on data, it is based on fear of a nation changing from the traditional white-male-in-charge to actually letting people who look different and think different have a say in how the nation moves forward.
Time to stop spending - let's balance the budget!
Don't even think of taxing the 1%ers--they have a lifestyle they must maintain
trump will just file bankrupt and; make America great again or broke? He will move to Russia.
You all do realize that the debt has increased the most under Republican presidents, regardless of the majority party in the House or Senate. The President who came the closest to an actual balanced budget was Bill Clinton, who did continue a policy from Bush 41 that required any new entitlement to be funded by either more tax revenue or reduction of expenses.
Say it ain’t so, Mr. Mnuchin.
Well, the chicken is going to come to roost in 2030 when it is projected by the U.S. Census that there will be more people in the USA over the age of 65 than under the age of 18. As that decade ends, a lot of social- economic factors will have an impact on our ability to recruit for the military, source talent for a variety of specialized jobs to include the medical field, have tax revenue for ailing infrastructure etc. etc. Good times are not ahead. Our politicians are inept, our current POTUS is clueless, his merry men and women of the B Team administration and their GOP enablers all believe this is a game. I haven’t even touched upon the fact that the dumbing down of America has allowed facts to become questioned, our free press to be allowed to be called enemies of the state and the judicial system to be maligned. Essentially the USA is well...... screwed. Semper Fi. Retired Marine.
That's those 'fiscally conservative' Republicans at it again. Cut taxes and increase spending. All of you in the middle class will be paying that off for decades. Don't whine when someone sensible takes office and raises taxes.
So if it weren't for tariffs sucking billions of dollars out of American pockets ('cause that's who ends up paying these things), the deficit would have looked a lot worse? Thanks, Obama. Oh, wait... /s
DNC: Social Welfare needs to be given to the poor, the sick and the most unfortunate.GOP: We can't afford welfare. Gut all those programs - it'll add billions to the National Debt!DNC: Don't you care about the needy?GOP: Sure we do. We'll be giving the 1% massive tax breaks, allow companies as many "financial stimuli" as we can provide, take all the controls of the banks, line our pockets and enrich the Trump family!
Sadly most Republicans didn't learn a thing from W's horrible example that this is inevitable when they pass unfunded tax cuts.
So how do Trumpies explain that away considering it follows one of the biggest tax cuts for the ultra wealthy in history? It was one of his first orders of business. Do they ever get tired of being lied to? Republicans, does this make you speak loud and be proud? You thought spending on social programs was a terrible thing. What was this spent on and what do we have to show for it?
Is this more of the "winning"? Doesn't seem like it.
Potential solution is to continue spending tax revenues on the military in order to strong arm other nations to accept our currency.
Be proud of what you accomplished Republicans... you should give yourselves a pat on the back.
Now for the truth, all the last eight years, including this year's budget deficit increase, is a Republican thing as they controlled Congress. So when the Republicans talk in the upcoming election about how they are fiscal conservatives, run to the nearest basket or toilet before your meal returns to the outside world.
There is no such thing as a great economy when our debt is growing faster than ever. In other words, a typical American family added thousands to their share of our debt while getting a few dollars more from Trump's tax cut.
A great economy is when you pay the debt down as you should in good times. And the Trumpers cheer.
OK right-wingers, you yelled and screamed to no end when the deficits was increasing under former President Obama which was at a slower rate than what we no see under Trump, yet no peep. WHY?
More stuff the serial grifter Trump isnt paying for.
No wonder we're going into debt so fast. Thousands of comments on Trump's idiotic Census fiasco and look at how few there are here for something that is a thousand times more important. But then, Trumpers could care less about the debt level. There is a GOPer in the WH so he can spend and spend and spend.
"The Treasury Department reported Thursday that the deficit for the current fiscal year through June is up 23.1% over the same period a year ago with receipts rising by 2.7% while spending increased 6.6%."
I posted something to this effect last week and some Trumper took offense and of course called it Fake News. What a way to live. They hear something they don't like and instead of investigating they just shut it out and pretend it doesn't exist.
Isn't that what a 4 year old does.
Okay, righties - supposedly fiscally conservative . . . how are you going to spin this?
But, I was told the tax cut was going to pay for itself !!!
But hay... How about that stock market /s
Yep. Pretty lousy for a great economy. Can’t seem to pay our bills. And we’re focused on more interest rate drops.
Seems like we should be focused on raising immigrants to work and raising revenue.