One Political Plaza - Home of politics
Home Active Topics Newest Pictures Search Login Register
Main
The federal deficit is now projected to top $1 trillion in 2018
Sep 12, 2018 08:01:02   #
Bad Bob Loc: Virginia
 
https://www.yahoo.com/news/m/287582f0-a1ac-375f-b1bf-2f96c0062dd1/the-federal-deficit-is-now.html

Peter Weber,The Week 5 hours ago

For anyone still harboring hopes that massive tax cuts pay for themselves, the nonpartisan Congressional Budget Office has some bad news. The CBO said Tuesday that the federal deficit hit $895 billion in the first 11 months of fiscal 2018, an increase of $222 billion, or 32 percent, over the same period of 2017. The tax cuts Republicans pushed through in December plus spending increases pushed government outlays up about 7 percent while revenue grew by 1 percent, the CBO said. ...
Read more

Reply
Sep 12, 2018 08:25:09   #
Kevyn
 
Bad Bob wrote:
https://www.yahoo.com/news/m/287582f0-a1ac-375f-b1bf-2f96c0062dd1/the-federal-deficit-is-now.html

Peter Weber,The Week 5 hours ago

For anyone still harboring hopes that massive tax cuts pay for themselves, the nonpartisan Congressional Budget Office has some bad news. The CBO said Tuesday that the federal deficit hit $895 billion in the first 11 months of fiscal 2018, an increase of $222 billion, or 32 percent, over the same period of 2017. The tax cuts Republicans pushed through in December plus spending increases pushed government outlays up about 7 percent while revenue grew by 1 percent, the CBO said. ...
Read more
https://www.yahoo.com/news/m/287582f0-a1ac-375f-b1... (show quote)
The only thing that should be named for trump is the trillion dollar deficit, they should forever be referred to as “Trumpificits”.

Reply
Sep 12, 2018 09:04:02   #
lpnmajor Loc: Arkansas
 
Bad Bob wrote:
https://www.yahoo.com/news/m/287582f0-a1ac-375f-b1bf-2f96c0062dd1/the-federal-deficit-is-now.html

Peter Weber,The Week 5 hours ago

For anyone still harboring hopes that massive tax cuts pay for themselves, the nonpartisan Congressional Budget Office has some bad news. The CBO said Tuesday that the federal deficit hit $895 billion in the first 11 months of fiscal 2018, an increase of $222 billion, or 32 percent, over the same period of 2017. The tax cuts Republicans pushed through in December plus spending increases pushed government outlays up about 7 percent while revenue grew by 1 percent, the CBO said. ...
Read more
https://www.yahoo.com/news/m/287582f0-a1ac-375f-b1... (show quote)


Huh, you mean to tell me that the trickle down theory failed again? Wow, that must be what, 5 times now it was tried and failed?

Here's why this keeps happening:

Giving benefits to specific industries, large corporations and wealthy individuals, is a highly lucrative process for politicians - a quid pro quo that benefits everyone except the American tax payer. There is up to three times as much dark money laundered through our political process, as there is reported sums - that was in the billions during the 2016 campaign cycle. The American tax payer is the lowest bidder every time...................but who wind up subsidizing the very conspiracy that is k*****g them.

Here's the algorithm; Republicans take over the Government promising an end to out of control Government spending and promising a chicken in every pot. Republicans then begin a spending spree and enact enormous corporate/wealthy tax advantages, running up huge deficits. Democrats take over the Government as a response to the former shenanigans, reduce deficits, then run them back up with touchy feely legislation. Republicans campaign heavily against the former, again promising to put an end to the welfare State, curb out of control spending and promising prosperity for every American ( a chicken in every pot ), who then take over the Government and the process repeats.

The only personnel who benefit every time, come out richer no matter what the economy is doing, and who never feel the bite of a recession.....................are the Democrats and Republicans holding elected offices. Some day, Americans are going to wise up to this s**m................and run the DNC and RNC out of the country.

Reply
 
 
Sep 12, 2018 09:30:21   #
Bad Bob Loc: Virginia
 
lpnmajor wrote:
Huh, you mean to tell me that the trickle down theory failed again? Wow, that must be what, 5 times now it was tried and failed?

Here's why this keeps happening:

Giving benefits to specific industries, large corporations and wealthy individuals, is a highly lucrative process for politicians - a quid pro quo that benefits everyone except the American tax payer. There is up to three times as much dark money laundered through our political process, as there is reported sums - that was in the billions during the 2016 campaign cycle. The American tax payer is the lowest bidder every time...................but who wind up subsidizing the very conspiracy that is k*****g them.

Here's the algorithm; Republicans take over the Government promising an end to out of control Government spending and promising a chicken in every pot. Republicans then begin a spending spree and enact enormous corporate/wealthy tax advantages, running up huge deficits. Democrats take over the Government as a response to the former shenanigans, reduce deficits, then run them back up with touchy feely legislation. Republicans campaign heavily against the former, again promising to put an end to the welfare State, curb out of control spending and promising prosperity for every American ( a chicken in every pot ), who then take over the Government and the process repeats.

The only personnel who benefit every time, come out richer no matter what the economy is doing, and who never feel the bite of a recession.....................are the Democrats and Republicans holding elected offices. Some day, Americans are going to wise up to this s**m................and run the DNC and RNC out of the country.
Huh, you mean to tell me that the trickle down the... (show quote)



Reply
Sep 12, 2018 10:10:06   #
working class stiff Loc: N. Carolina
 
Bad Bob wrote:
https://www.yahoo.com/news/m/287582f0-a1ac-375f-b1bf-2f96c0062dd1/the-federal-deficit-is-now.html

Peter Weber,The Week 5 hours ago

For anyone still harboring hopes that massive tax cuts pay for themselves, the nonpartisan Congressional Budget Office has some bad news. The CBO said Tuesday that the federal deficit hit $895 billion in the first 11 months of fiscal 2018, an increase of $222 billion, or 32 percent, over the same period of 2017. The tax cuts Republicans pushed through in December plus spending increases pushed government outlays up about 7 percent while revenue grew by 1 percent, the CBO said. ...
Read more
https://www.yahoo.com/news/m/287582f0-a1ac-375f-b1... (show quote)


And not a peep from our friends the supposedly 'conservative' Trump supporters. All that we heard during the Obama administration about deficits and debt being the ruination of a once great country....and now crickets.

Everything is just great...nothing to see here...move along...Trump #1.

Reply
If you want to reply, then register here. Registration is free and your account is created instantly, so you can post right away.
Main
OnePoliticalPlaza.com - Forum
Copyright 2012-2024 IDF International Technologies, Inc.