PF Exclusive: Debt increase in FY2015 lowest in 14 years

Discussion in 'Budget & Taxes' started by Iriemon, Nov 13, 2015.

  1. Bluesguy

    Bluesguy Well-Known Member Donor

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    No where did I say ALL and no where did I limit it to just lame duck. Your statements about the budget submission by a President having some power in law and must be considered by the Congress are fallacious and they are routinely ignored as DOA.
     
  2. Bluesguy

    Bluesguy Well-Known Member Donor

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    Correct but was superseded by the budget act of 1974. And again Congress has no obligation to even consider it.

    Reagan Budget Declared Dead Before
    https://www.washingtonpost.com/arch...-before/81c8bad0-a9f1-451b-8cd3-246b6728b17b/

    Obama’s $4.1 Trillion Budget Proposal is DOA on Capitol Hill
    http://nahbnow.com/2016/02/obamas-4...-2017-budget-proposal-is-doa-on-capitol-hill/

    Trump’s new budget might be DOA, but DOD isn’t worried
    http://thehill.com/blogs/pundits-bl...-new-budget-might-be-doa-but-dod-isnt-worried

    And one of my favorites

    "Unlike last year, when Bush forced Democrats to accept lower spending figures, this year could prove more difficult for the president. The fiscal year begins Oct. 1, less than four months before he leaves office.

    "He doesn't have us over a barrel this year, because either a President Clinton or a President Obama will have to deal with us next year," said Senate Majority Leader Harry Reid, D-Nev. "We are not going to be held hostage to the unreasonableness of this president."

    Much of the president's plan has little chance of passage, lawmakers and budget experts say. Nearly $200 billion in Medicare and Medicaid savings need congressional approval, which Democrats are unlikely to provide. "Dead on arrival," vowed Sen. Max Baucus, D-Mont., chairman of the Senate Finance Committee.
    http://usatoday30.usatoday.com/news/washington/2008-02-03-bush-budget_N.htm

    President Obama signed the 2009 Omnibus Spending Bill, the budget
     
    Last edited: May 23, 2017
  3. Ndividual

    Ndividual Well-Known Member

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    Feel free to respond, but keep your responses relative to what the person you are responding to has posted.
    Regardless of which political party is in power, is more debt the solution to achieving greater equality within the Nation, and what are the consequences in a world where much trade occurs between Nations?
    In my opinion, economic survival of the U.S.A. has become dependent upon inflation, and living abroad I have seen inflation occur where I live as well. In 1991, when the U.S. minimum wage was $4.25/hr the minimum daily wage here was about $2.90, and adequately livable. Currently, with the U.S. minimum wage at $7.25/hr the minimum daily wage here has risen to about $8.84 and much more adequately livable. Much manufacturing has moved here from developed world nations, paying employees much more than the minimum daily wage, yet much less than the U.S. hourly minimum wage, not to mention far less other benefits. As a result the standard of living is increasing greatly and rapidly as a result of free market trade between countries, with an unemployment rate of just over 1/2% or 0.006%. No work equals no money, and social welfare is a result of private individuals providing aid when and where they see it productive. I've yet to see any dead bodies along the roads.
    Donald Trump was inaugurated on 20 January 2017 with the debt at $19,947,304,555,212.49
    The current debt figure provided by the government on 22 May 2017 is $19,846,034,340,301.91
    That's a debt reduction of $101,270,214,910.58
    Who would you like to credit for the reduction, or how might you respond to the happening?
    And by the way, the debt ceiling was reinstated on 17 March 2017 as $20.1 billion. Should Congress be thinking about trying to raise it?
     
    Last edited: May 23, 2017
  4. Ndividual

    Ndividual Well-Known Member

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    FY 2016 ended with a debt of $19,573,444,713,936.79 an increase of $1,422,827,047,452.46 from FY 2015


    FY 2017 Mo 1 ended with a debt of $19,805,715,214,641.75 an increase of $232,270,500,704.96

    FY 2017 Mo 2 ended with a debt of $19,948,064,697,245.75 a monthly increase of $142,349,482,604.00

    FY 2017 Mo 3 ended with a debt of $19,976,826,951,047.80 a monthly increase of $28,762,253,802.05 increasing our debt $403,382,237,111.01 during the first three months of FY 2017.

    01/20/2017 $19,947,304,555,212.49 Debt when Trump inaugurated

    FY 2017 Mo 4 ended with a debt of $19,937,261,314,503.29 a monthly decrease of $39,565,636,544.51

    FY 2017 Mo 5 ended with a debt of $19,959,593,604,841.58 a monthly increase of $22,332,290,338.29

    FY 2017 Mo 6 ended with a debt of $19,846,420,062,676.87 a monthly decrease of $113,173,542,164.71

    FY 2017 Mo 7 ended with a debt of $19,846,129,308,635.72 a monthly decrease of $290,754,041.15

    FY 2017 Mo 8 ended with a debt of $19,845,941,916,894.67 a monthly decrease of $187,391,741.05
     

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