"Budget deficit to break $1 trillion despite strong economy"

Discussion in 'Current Events' started by archives, Jan 28, 2020.

  1. Bluesguy

    Bluesguy Well-Known Member Donor

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    Are you attributing the FY2008 and FY2009 budgets and spending to Bush? Why the Democrats controlled the Congress, Presidents don't control the budget Congress does.
     
  2. Bluesguy

    Bluesguy Well-Known Member Donor

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    Show where the "rich", we don't tax wealth we tax income BTW, are paying less in taxes. Bush was right and revenues EXPLODED after his tax rate cuts and the deficit FELL to a measly $161B. And if you are going to set rates back to where they were under Reagan then set all the deductions and credit back to where they were under Reagan. There is virtually no difference in effective tax rates that's a canard.
     
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  3. Bluesguy

    Bluesguy Well-Known Member Donor

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    That last Bush43/Republican deficit was just $161B, what's your gripe about that? Two years later the Democrats had it at $1,400B where is your gripe about that?
     
  4. rahl

    rahl Banned

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    this is demonstrably false
     
  5. rahl

    rahl Banned

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    revenues increased because of the housing bubble. Basic math shows that if you cut the rate at which you collect something, you will collect less of that something than you otherwise would have.
     
  6. rahl

    rahl Banned

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    as you know the deficit exploded as a direct result of the republican caused crash of 2008. Republican fiscal incompetence is expensive to clean up.
     
  7. Ddyad

    Ddyad Well-Known Member

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    The House alone can stop all spending. It does not need any help from a President or the Senate.

    A President can only refuse to sign spending bills and "shut down the government".
    We have learned that this is not a politically viable strategy for any President.
    Might work if there was a detailed plan to liquidate a significant part of the bureaucracy and divert the revenue into individual vested accounts for the working class.
     
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  8. Ddyad

    Ddyad Well-Known Member

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    Only voters can "pressure" the Congress to reduce the size and power of government.
     
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  9. Ddyad

    Ddyad Well-Known Member

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    IOW, the House can stop the entire government in its tracks if it is so inclined.
    I assume that was Madison's point.

    A real anti-Big Government opposition would be proposing plans to divert revenue from the bureaucracy to productive workers. So far Trump is as good as it gets for the anti-establishment mass movement that began as the "Tea Party". In Washington DC Trump is virtually alone.
     
  10. bx4

    bx4 Well-Known Member

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    So can the president. By vetoing bills.
     
  11. Doofenshmirtz

    Doofenshmirtz Well-Known Member Past Donor

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    That would be refreshing.
     
  12. Bluesguy

    Bluesguy Well-Known Member Donor

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    Well we've had government shutdowns in the past but that can be caused by the House or Senate or President refusing to negotiate. Yes Trump is the best we got out there if the subject is the budget and the deficits. We need more fiscal conservatives in CONGRESS.
     
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  13. Bluesguy

    Bluesguy Well-Known Member Donor

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    It is pointless to try and have a discussion with you as you will merely claim you have already refuted anything posted, as you demonstrated above, and refuse to answer direct questions to you as demonstrated above. Your history of obfuscation well documented.

    And of course your claims of white flags, no white flag offered.
     
  14. archives

    archives Well-Known Member

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    Seems one doesn't process very well, upon taking office, Obama faced two wars, an unpaid drug prescription plan, and a recession of historical proportions, deficit spending was a given

    Trump faced a growing economy, which today is a good economy, but in his first three years he ran up greater deficits than Obama did in his last three years

    And Trump had a majority in both Houses of Congress for two years, in the Senate three, and other than Executive Orders, which can be easily rescinded by the next President, has only a debt causing tax cut to billionaires to show as an accomplishment, certainly no Wall nor any checks for a Wall coming from Mexico

    Got anything relevant?
     
  15. Bluesguy

    Bluesguy Well-Known Member Donor

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    The House AND Senate BOTH create their own budget submissions, they have equal standing. The Presidents submissions are routinely ignored.

    upload_2020-1-29_11-8-5.png
     
  16. Bluesguy

    Bluesguy Well-Known Member Donor

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    Did you support Trump's 2020 submission with it's call for a 5% reduction in domestic spending?
     
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  17. archives

    archives Well-Known Member

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    "Trump is the best we got out there if the subject is the budget and deficits," for real? Appears we got more "murder on 5th Avenue" lemmings out there than I thought

    Have you not been paying attention, in the midst of a good economy, with money in circulation, Trump is running up trillion dollar deficts, increasing descretionary spending, and projected to add record numbers to the National Debt. And this was the guy who said he would end the debt in eight years, Trump is anything but a fiscal conservative

    What bubble do you live in?
     
  18. Bluesguy

    Bluesguy Well-Known Member Donor

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    But of all those running who is the most fiscal conservative?
     
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  19. rahl

    rahl Banned

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    white flag noted and accepted.
     
  20. Bluesguy

    Bluesguy Well-Known Member Donor

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    Who's the most fiscal conservative who is running that even has a chance?

    Did you support Trump's 2020 budget which CONGRESS did not pass and it's 5% domestic spending cuts?
     
    Last edited: Jan 29, 2020
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  21. rahl

    rahl Banned

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    was that the bill he signed into law?
     
  22. archives

    archives Well-Known Member

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    "The most fiscal conservative who is running," well considering Trump's fiscal record, I'd say the "anybody but Trump candidate"

    Trump's budget is a political statement, what any President sends to Congress has little significance, and Trump's last three budgets also showed a spending cut and we know how that turned out

    The point you are missing is that Trump's policies are the exact opposite of what Republicans told us for decades was one of their core beliefs. And not only is Trump pissing on these supposed core principles he is also doing while the nation enjoys a healthy economy, it is like a double insult to what is suppose to be fiscal conservatism.

    And not a whisper from the right, no Hannity special on deficits or debt, no signs of concern from GOP leaders, not even an acknowledgment in the right wing media
     
  23. FreshAir

    FreshAir Well-Known Member Past Donor

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    the two 10+ year Bush wars and his tax cuts for the rich are a huge part of our massive debt

    all that money going to the rich and the economy crashed, trickle down is a failure
     
    Last edited: Jan 29, 2020
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  24. Libby

    Libby Well-Known Member

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    Wait, can you repeat that? Some folks here seem to think the President is fully and entirely in charge of the budget.

    Trump keeps trying to make cuts, but Congress won't listen. Funny how anyone would try to put all of the blame for that on Trump, and not Congress.

    Government shutdowns are about as popular as the Coronavirus. Congress has to get on board with budget cuts and some semblance of fiscal responsibility or Trump is just pissing in the wind.

    Folks look silly and hypocritical complaining about the debt but then obstructing everything Trump tries to do to reduce it.
     
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  25. Bluesguy

    Bluesguy Well-Known Member Donor

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    You think Sanders and Warren and Yang are more fiscally conservative? When have they proposed a 5% domestic spending cut? As I have said repeatedly Presidents do not solely control the budgets they are one of three bodies that do. Yet there are people who claim all budgets passed during Presidents term are their budgets. Heck one guy here claiming the 2009 budget deficit belongs to Bush because he didn't veto it yet refuses to explain how an ex-President can veto a bill.

    Trump instructed his cabinet to come up with 5% cuts in their departments. They did. Congress did not pass them and if you think the Democrat House will or any of the Democrats running will I got a bridge for you.
     
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