Despite Strong Economy, Federal Deficit Soars

Wowee! Borrowing $750 billion for just 6 months of the year implies $1.5 trillion deficit for the whole year.

Trumponomics 101 if you want to feel good and don't have the money, put it on the card.

The Trouble is Uncle Sam's card is looking pretty wobbly and lenders might be hesitant to extend the credit to an out of control spender that doesn't work for its money.

Donald Trump to Russia: "Help, I need more money."

There'll be hell 'toupee' if the money runs out.

https://www.npr.org/2018/08/03/635071790/despite-strong-economy-federal-deficit-soars

 

A leftie worried about too much government spending?
I'm a rightie, and it has me in so many knots I can't function so I may just crank out only ten negative nothingburgers per day.

 

You functioned enough to vote for the jerks who are creating the biggest budget deficits in history.

 

And you opposed the Democrats $1,000B+ deficits and their 10% and 20% spending increases?

 

Did you vote for Democrats 2008-2015?

 

I was bused to the polls from my senior care center and handed a filled in ballot before I went into the booth. Who is this Hillary person anyway?
At least I I got a free sucker out of the deal.

 

Thread destruction early on.

 

I opposed it then and now

 

The difference between us is that I always decry government overspending and debt. You only decry it when republicans do it. Partisanship is not an answer to anything.

 

I suppose it didn't occur to anyone that having interest rates on the uptick was going to effect the overall deficit.... So that 11T in new deficit from the last president....ah never mind... the left simply don't care.

And yet, every time the feds go to the money markets, and their costs increase based on interest rates, the budget gets whacked because the interest increases aren't baked into the budgeting process... Go figure...

 

Please elaborate

 

Demo rat hypocricy . Typical.

 

Fiscal conservatives it's a laughable concept

 

What's funny is that there is no concept that links fiscal conservatism, responsibility and sustainability to Leftists.

Fiscal conservativism is a valid/legit concept. The problem is that there are too many Republicans and Democrats who don't practice it.

 

Fake news. The economy is fine. There is no deficit.
The wall is built. Mexico paid for it.
Health care is great. The best ever, and cheap. Everyone is covered.

Whatever Trump tells them, they will believe.

 

The real fiscal conservatives of the Tea Party organization were accused of being racist by both Democrats and GOP Republicans. Politics is killing this country.

 

I know what a joke right. where was this guy went Obama doubled the deficit.

 

I think Obama had better reason to.
Financial crisis.

 

Thanks to the budget that was forced upon us by the FECKLESS establishment leadership in the Congress, on BOTH SIDE FO THE AISLE.

The President has already said HE WILL NOT SIGN ANOTHER LIKE IT.

 

You got to get onto the Trump train. Don't you know? Tax cuts pay for themselves. So the numbers you posted are just fake news .

 

The Republicans had one in 2000, how did their policies work compared to the Democrats?

 

https://www.financialsense.com/dani...-rate-increases-impact-national-debt-deficits.

FED rates were basically zero for The Messiah's entire tenure....now that the economy is picking up (due to The Messiah being replaced by someone who actually understands that what drives prosperity) the FED is raising rates to keep it, and inflation, from becoming overheated.



also from the link:

5) By five years out, the Federal Reserve raising rates by 2.25% means that the United States government is paying $802 billion per year in interest expenses, rather than $521 billion. So the Fed will have increased the annual cost of the national debt by 46%, or $281 billion per year compared to what interest payments would have been.

 

"The Trouble is Uncle Sam's card is looking pretty wobbly and lenders might be hesitant to extend the credit to an out of control spender that doesn't work for its money."

That's exactly how the Reagan boom ended, and precisedly why George HW Bush was forced to raise taxes.

 

The dot com recession was a blip compared to 2008.

And the GOP did nothing about it other than cut taxes for the rich and double the national debt. Oh, they did start an unnecessary war in the wrong country, borrowing 100% of the cost.

That worked out well.

Are you suggesting that we should try it again? Who do you like, North Korea?, Britain? Germany?, how about Canada! (figured I should list the people Trump likes to insult).

 

No idea. I suggest the Financial Crisis was a way bigger financial crisis than anything that happened in 2000.
Bigger in fact than anything that happened since the Great Depression.