May budget deficit hits record $207.8 billion

Discussion in 'Current Events' started by FlamingLib, Jun 13, 2019.

  1. rahl

    rahl Banned

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    They had full budget control. They chose to use reconciliation to instead give their donors a welfare handout, and increase spending.
     
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  2. Chuck711

    Chuck711 Well-Known Member

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    Truth doesn't matter to Republicans.

    Starting with Gingrich Republicans have been bent on destroying America.

    Electing Trump with his henchman Miller and Bannon was thier best shot at destroying the American ideals we were founded upon.
     
  3. Quantum Nerd

    Quantum Nerd Well-Known Member

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    I always gave them the benefit of doubt that they did not purposefully lie. They just live in a mental bubble of self-delusion that excludes facts not conforming with their beliefs.

    Now, looking at the recent phenomenon of defending Trump at all cost, whatever shameful thing he does next, that's where I am not so sure anymore about the absence of purposeful lying.
     
    Last edited: Jun 14, 2019
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  4. RP12

    RP12 Well-Known Member

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    Paul Ryan the Neo-con yes..

    Neo-cons want more military
    Progressives want more entitlements... They always end up "compromising" by both sides getting what they want which amounts to more spending..

    Neither of those groups has any interest in cutting spending.
     
  5. Lil Mike

    Lil Mike Well-Known Member

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    Well let's actually get a balanced budget amendment, so I can have tax cuts to oppose.
     
  6. Quantum Nerd

    Quantum Nerd Well-Known Member

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    You mean the "neo-con" Trump who increased military spending from $580 to $680 billion in two years and now wants to increase to $750 billion for 2020? That neo-con? Next! You are running out of excuses quick.
     
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  7. RP12

    RP12 Well-Known Member

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    I have been consistent since i started here that i want a 10% cut across the board.. Look at my join date.

    So now what?
     
  8. Quantum Nerd

    Quantum Nerd Well-Known Member

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    All I hear is excuses, it's always someone else's fault. Now, if you can admit that Trump is spending like a drunken sailor, while not taxing, and that it is his and his GOP's fault, nobody else's, then I can respect your stance.
     
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  9. RP12

    RP12 Well-Known Member

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    I... am... for.... a...10.. %... cut.... across.. the... board.

    ****ing read instead of lashing out.

    Btw i dont care what you think about me what i do expect is rational dialogue not partisan bullshit.
     
  10. Quantum Nerd

    Quantum Nerd Well-Known Member

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    Yet, you've been spouting partisan BS excuses all along the thread: it's the Dem's fault, it's Paul Ryan's fault, it's the neo-cons fault.... When will you realize that the GOP you so faithfully vote for will NEVER cut spending by 10%, unless they can run on it when a Dem is in office?

    I find this extremely irritating, all we hear from the Trump fans is spending is baaad, yet, they keep voting for the same spend, but tax less policies, putting the burden on future generations, and then they blame the Dems for it.
     
    Last edited: Jun 14, 2019
  11. nopartisanbull

    nopartisanbull Well-Known Member

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    Reagan's/Clinton's and Bush's "booming economy" revenue growth rates were significantly higher than Trump's revenue growth rates, and the fact is; YOU KNOW THAT!

    My question to you; Why do we currently have a NEAR ZERO revenue growth rate?.....YOU TELL ME.

    Cumulative receipts Jun 18- May 19; $3.379 Trillion

    Cumulative receipts Jun 17 - May 18; $3.371 Trillion

    Over the last twelve months, revenues are up $8 billion????????

    Revenue Growth Rate: $3.371 trillion + 0.24% = $3.379 trillion

    Up one quarter of one percent????????

    WTF?

    Source; Monthly Treasury Statement
     
  12. RP12

    RP12 Well-Known Member

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    I'm blaming both sides.. How the **** am i "faithful" to the GOP when i can stand most of them?

    then the rest of your post is just utter nonsense because you cant discuss my stance you want to discuss what you think i think... Insanity.
     
  13. HB Surfer

    HB Surfer Well-Known Member Past Donor

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    The deficits and National Debt bother me a ton. Trump and the Republicans need to work with the Democrats to reel it in. I wish Leftists were this concerned when Obama was President.

    I would like to see the Penny Plan be adopted.

    (1) Baseline the Budget
    (2) Cut all Departments 1 cent per dollar, each year for the next 7 years

    You would have a balanced budget.

    I would also be fine with additional Defense cuts as we can cut:

    • redundant weapon programs
    • man foreign military bases
    • political buys (ex: purchases of tanks that the military does not want, but the local politicians in the districts that make the tanks does want.)
    Come on Lefties... I'm in... where are you?
     
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  14. bx4

    bx4 Well-Known Member

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    So you don’t really believe in a balanced budget unless there is a balanced budget amendment?
     
  15. Quantum Nerd

    Quantum Nerd Well-Known Member

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    Because you usually post one or two-liners, it is, in fact, hard to discuss your stance, if someone can even deduce it.

    I guess your stance is that you want to cut spending. I'd say, lets repeal the tax cuts, THEN we can cut spending, but not by 10% across the board, rather by increments of 1% per year, as HB Surfer has suggested. And that would include SS and Medicare spending, which would hurt many GOP voters.
     
    Last edited: Jun 14, 2019
  16. RP12

    RP12 Well-Known Member

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    Balance the budget with spending cuts then you can raise taxes any surplus goes to pay off the debt faster..

    Simple.

    You just cant resist slurring someone......

    I have no issue with Rand Pauls plan either.. I am always willing to listen.. Unlike those who throw stones and then pretend to listen.
     
    Last edited: Jun 14, 2019
  17. Talon

    Talon Well-Known Member Past Donor

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    I've been critical of everyone who voted for spending increases, that includes Republicans.

    Democrats didn't vote to increase spending?

    I'm looking at Congress.gov and I'm not seeing anything that substantiates your claim.

    As for the tax cuts, we all know Republicans can and did use reconciliation to pass it because we all know that Democrats oppose Americans keeping more of the money they earn.

    Speaking of which, the additional money that I am now keeping in my paycheck isn't a "welfare handout" as you and your "progressive" comrades mistakenly believe. I earned that money, not the government, so it would be more accurate to say that I'm giving a smaller welfare handout to the government.
     
  18. notme

    notme Well-Known Member

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    Cut military spending. It's being increased by a lot these last years.
     
  19. rahl

    rahl Banned

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    Ok



    Dems have no relevance to the spending increases proposed, passed and signed into law by republicans.

    What claim is that? Republicans owned congress and the whitehouse. They own 2018 and 2019 budgets. That is not debatable.
    Which shows the hypocrisy of republicans. They could have used it to reduce spending, by a lot. But they chose to give their donors a welfare handout instead.
    The extra $50 a pay you got back is a pittance, compared to the millions their donors got back.

    Republicans are completely fiscally incompetent. EVERY time they are in power, they slash revenue and increase spending. The exact OPPOSITE of what they claim to stand for.
     
    Last edited: Jun 14, 2019
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  20. Talon

    Talon Well-Known Member Past Donor

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    Of course, Democrats do - they helped pass those spending increases.

    "Dems didn't increase spending".

    They did increase spending, and they also own the 2018 the 2019 budgets.

    A lot of Republicans are hypocrites and the only reason all Democrats aren't hypocrites is because they all oppose spending cuts.

    As for keeping more of your own money, that isn't a welfare handout.

    That's $50 more than the Dems were willing to give me, and I'm cool with the corporate tax cuts. The rates were far too high.

    But they didn't slash revenue as RP12 has repeatedly pointed out. Revenue is up.

    The problem is that too many Republicans and every Democrat doesn't want to cut spending. A good illustration of that is in Rand Paul's recent Penny Plan spending cut vote which received the support of 22 Republicans and 0 Democrats.

    I find the Left's sudden interest in deficits and spending refreshing - it was noticeably absent during the Obama years. Hopefully, they'll develop a sudden interest in cutting spending but I doubt it...
     
    Last edited: Jun 14, 2019
  21. rahl

    rahl Banned

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    Repubs owned congress and the whitehouse. Dems are not relevant to the Repubs spending.



    "
    Nope. Repubs owned both branches.




    No, revenue is not up. It’s a mathematical impossibility to cut the rate at which you collect something, and yield more of that something. And the numbers show this.

    It’s not a sudden interest. It’s pointing out the blatant hypocrisy of republicans. They squawk like chickens when dems are in power, but when Repubs are in power not only do the OUTSPEND Democrats, but the slash revenue at the same time.
     
  22. Lil Mike

    Lil Mike Well-Known Member

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    We had a balanced budget in 2000. Then we didn't. Doing it for one year as a stunt means nothing to me if you are just going back to your old ways the very next year. As long as Congress isn't bound by law to maintain a balanced budget, it won't. There are twenty four Dem candidates (so far) and not one of them has a plan to get to a balanced budget, or even thinks it's an aspirational goal. Even their proposed tax increases don't even pay for their proposed programs, let alone the projected deficit.

    So unless it's bound by the constitution, it's not going to happen.
     

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