U.S. Budget Deficit Widens 11.8% in First Quarter of Fiscal Year

Discussion in 'Budget & Taxes' started by Giftedone, Feb 10, 2020.

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Does Trumps massive spending make him an even bigger Socialist than Obama ?

  1. Yes - Society is on the hook for all this spending and wealth redistribution is socialism

    4 vote(s)
    57.1%
  2. No - Military and other programs that I like are funded by Santa Clause and not Taxes.

    3 vote(s)
    42.9%
  1. Thirty6BelowZero

    Thirty6BelowZero Well-Known Member Past Donor

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    You're as oblivious to the military as you are to a wall...

    Democrats: There are tunnels underground. We don't need walls because of those tunnels.
    Common Sense: A wall holds those crossing on ground at bay and lets the BP find and destroy tunnels.

    Democrats: We don't need a stronger military because we don't have any enemies.
    Common Sense: The second you no longer have a strong military is the second a strong military comes in and takes your country.


    There's a very good reason countries that hate us want to see democrats in control.
     
  2. Thirty6BelowZero

    Thirty6BelowZero Well-Known Member Past Donor

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    Uhh, you mean that's what democrats love to say. They screamed it for 8 years.

    Regarding Trump's impeachment, that was the best thing the democrats could have done. Trump's support improved during and after the impeachment trials. That's gonna backfire as bad on the democrats as their assassination attempt on Reagan did.

    Democrats digging for dirt on Trump:
    [​IMG]
     
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  3. cd8ed

    cd8ed Well-Known Member Past Donor

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    It is already ticking back up or down depending on how you look at it — he made it all the way to -6.2 approval and is already back up to -6.8 (For historical reference Clinton received a 9.5 percentage point bump). Wonder what it will be in 8 months after the next government shutdown (the last one dropped him almost 4 percentage points) over trump wanting to cut 9% to the CDC and 8% to education plus billions more for the wall that Mexico is paying for, more news from Bolton and the retaliation against Lt. Col. Yevgeny Vindman...

    Sub 3% growth, largest debt on record, stagnate middle class real wages, agriculture and manufacturing in recession...
     
  4. nopartisanbull

    nopartisanbull Well-Known Member

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    We have to massively cut the budget BECAUSE Trump's revenue growth rates will never climb above 5%.

    Once again, here's a simple deficit reduction formula;

    FY2004 Outlays; $2.292 trillion
    FY2005 Outlays; $2.472 trillion, UP 7.4%
    FY2006 Outlays; $2.654 trillion, UP 7.4%
    FY2007 Outlays; $2.730 trillion, UP 3%

    FY2004 Receipts; $1.879 trillion
    FY2005 Receipts; $2.154 trillion, UP 14.6%
    FY2006 Receipts; $2.406 trillion, UP 11.7%
    FY2007 Receipts; $2.567 trillion, UP 6.8%

    Fiscally, Bush's revenue growth rates excessively surpassed his spending growth rates.

    Results;

    FY2004 Deficit; $412 billion
    FY2007 Deficit; $162 billion, DOWN $250 billion

    NOTE: Trump's highest revenue growth rate; 4%

    YES, we have a spending problem, AND a revenue growth rate problem.
     
  5. rahl

    rahl Banned

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    trump hasn't proposed spending cuts. He's proposed shifting spending and increasing it.
     
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  6. MrTLegal

    MrTLegal Well-Known Member

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    In regards to the wall, your argument boils down to "we need to spend money on something so that we can then spend money on something else."

    In regards to the military, your argument boils down to "we already spend more on military than the next 7 countries combined, but we need to spend more because some fictional government might suddenly appear."
     
  7. MrTLegal

    MrTLegal Well-Known Member

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    Objectively, his approval rating is just as flat as it has been for the vast majority of his presidency.

    https://www.realclearpolitics.com/epolls/other/president_trump_job_approval-6179.html

    https://projects.fivethirtyeight.com/trump-approval-ratings/
     
  8. LogNDog

    LogNDog Well-Known Member

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    I don't disagree with your post at all.
     
  9. Bluesguy

    Bluesguy Well-Known Member Donor

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    You don't know with we are currently fighting? Three major fronts like East Asian and the Western Pacific, the Baltics, Eastern Europe, the ME, and a host of other combinations. For instance China makes a move in the SW Pacific we get into a war there and of course Korea would probably blow up so that taking most of our forces Russia makes a move on the Baltic's and Europe blows up and the terrorist states in the ME see that they have free reign to do as they please.

    So I've answered you twice no it's your turn to tell me what is the proper level for our national security and protecting freedom around the world because to begin to believe we could exist as that beacon of freedom if all the others lights are put out. No man's and island.
     
  10. Bluesguy

    Bluesguy Well-Known Member Donor

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    Donald Trump just got the best polling news of his presidency

    Trump's current 49% approval puts him ahead of where his predecessor -- Barack Obama -- was at this same time in his first term. (Obama was at 46% approval.) Which is absolutely remarkable, given the first 3+ years of Trump's presidency and the fact that he became just the third president in American history to be impeached by the House last month.

    https://www.cnn.com/2020/02/04/politics/donald-trump-gallup-poll/index.html

    And let's look at that trend since impeachment, how'd that work out for the Democrats. That's not flat. He's .8% behind Obama who had NOT had 2 years of a counter-intelligence investigation that turned up nothing. Obama had not been bogusly impeached for non-impeachable acts.

    upload_2020-2-10_19-6-40.png
     
  11. Bluesguy

    Bluesguy Well-Known Member Donor

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    Total National Defense, not just DoD, hit $515B the last Bush Republican budget in 2007, the 2008 Bush/Democrat it hit $616B, it peaked at $705B in 2011 under Obama/Democrat. The the Republicans began taking back the Congress and in feel to the high $500B's. And we suffered in readiness and forces we could project. That is improving now.

    https://www.whitehouse.gov/wp-content/uploads/2020/02/hist03z1_fy21.xlsx
     
  12. Bluesguy

    Bluesguy Well-Known Member Donor

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    OK but who do we stand the best chance with Trump and a Republican Congress or Warren and a progressive/socialist Congress?
     
  13. Bluesguy

    Bluesguy Well-Known Member Donor

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    We aren't prepared to fight a two front war.
     
  14. Giftedone

    Giftedone Well-Known Member Past Donor

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    We don't have a chance with either - both are establishment wonks.
     
  15. Giftedone

    Giftedone Well-Known Member Past Donor

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    You are confusing defense spending with total military spending -Total Military spending includes veterans, intelligence agencies/ homeland security and other stuff.
     
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  16. FlamingLib

    FlamingLib Well-Known Member

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    I believe Republicans had control of Congress from 2016-2018.

    Is Trump ever to blame for anything? It always seems to be someone else's fault.
     
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  17. FlamingLib

    FlamingLib Well-Known Member

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    Nobody cared about the deficit during the Obama years? WHAT???
     
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  18. FlamingLib

    FlamingLib Well-Known Member

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    Well, Dems are concerned enough NOT to cut taxes on the rich. That was really stupid. I don't know why you guys thought Amazon, the Tech companies, and assorted billionaires needed tax cuts, but you exploded the deficit with it and we don't even have 3% growth.
     
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  19. Bush Lawyer

    Bush Lawyer Well-Known Member

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    Simple stuff....just steal from the pockets of future generations to prop up an otherwise bereft economy now. POTUS can point to tax cuts, jobs etc, but it is being paid for on borrowed money. Typical Trump who has been bankrupted how many times?
     
    Last edited: Feb 11, 2020
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  20. LogNDog

    LogNDog Well-Known Member

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    What do you consider rich and are you advocating cutting the budget or just robbing the rich?
     
  21. Bush Lawyer

    Bush Lawyer Well-Known Member

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    Capitalise the spend, socialise the repayment. Such an old concept.
     
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  22. Bluesguy

    Bluesguy Well-Known Member Donor

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    Veterans is not included. As a percentage of total spending i is less now than in 2000.
     
  23. Bluesguy

    Bluesguy Well-Known Member Donor

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    Dupe
     
    Last edited: Feb 11, 2020
  24. Bluesguy

    Bluesguy Well-Known Member Donor

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    Are you supporting the budget he just released? He proposes cutting spending the House will block it unless Republicans take back the House will you vote to do that?
     
  25. Bluesguy

    Bluesguy Well-Known Member Donor

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    It took Republican sequester and austerity to cut it. The Republicans handed them a paltry $161B deficit in 2007. Where did the Democrats take it from there?
     

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