Federal Spending Tops $3 Trillion Through May for First Time; Deficit Hits $738 Billion

Discussion in 'Budget & Taxes' started by Bluesguy, Jun 13, 2019.

  1. Bluesguy

    Bluesguy Well-Known Member Donor

    Joined:
    Jun 13, 2010
    Messages:
    98,223
    Likes Received:
    13,541
    Trophy Points:
    113
    Gender:
    Male
    We have GOT to get SPENDING under control!!! Period, end of story. Compared to this period last year we have had a $50B increase in revenue and yet the deficits are still too high and growing. Corporate income taxes are down but excise taxes, paid mostly by business and reflective of business activity, are up the same amount so that's a wash. It's spending.
    On budget spending is up $20B
    Off budget spending is up $31B

    Here's the numbers.

    [​IMG]
    https://www.cnsnews.com/news/articl...-trillion-through-may-first-time-deficit-hits

    Where do we cut or control future increases and which party is more likely to do so the Republicans or the Democrats.
     
    Last edited: Jun 13, 2019
  2. Econ4Every1

    Econ4Every1 Well-Known Member

    Joined:
    Jan 3, 2017
    Messages:
    1,331
    Likes Received:
    292
    Trophy Points:
    83
    Question....

    Is it possible for the government to spend money without someone in the non-government earning an income?

    No?

    Then is it possible to cut government spending without someone in the non-government having their income cut by an equal amount?

    Actually, it's worse. For every dollar of spending cut, $1.4 dollars of income is lost (thanks to the velocity of money).

    So what you're saying is that people are earning billions of dollars too much and we should make people poorer?

    Who should we make poorer?

    E4E1
     
  3. bradt93

    bradt93 Well-Known Member

    Joined:
    Dec 20, 2016
    Messages:
    1,548
    Likes Received:
    684
    Trophy Points:
    113
    All the dem candidates are not talking about the debt either, it's a serious problem.
     
  4. Moonglow

    Moonglow Banned

    Joined:
    Nov 19, 2013
    Messages:
    11,374
    Likes Received:
    3,366
    Trophy Points:
    113
    Gender:
    Male
    How about the billionaires this time for a change?
     
  5. Bluesguy

    Bluesguy Well-Known Member Donor

    Joined:
    Jun 13, 2010
    Messages:
    98,223
    Likes Received:
    13,541
    Trophy Points:
    113
    Gender:
    Male
    Yes the government can spend money by paying it's own employees.
     
  6. Mr_Truth

    Mr_Truth Well-Known Member

    Joined:
    Jan 23, 2012
    Messages:
    33,329
    Likes Received:
    36,761
    Trophy Points:
    113
    Gender:
    Male
    I'm surprise righties on this forum are not saying "BLAME OBAMA!"
     

Share This Page