Revenues Down, Deficit Up

Discussion in 'Current Events' started by FlamingLib, Jan 12, 2019.

  1. FlamingLib

    FlamingLib Active Member

    Joined:
    Sep 27, 2018
    Messages:
    246
    Likes Received:
    103
    Trophy Points:
    43
    Hadrian's Hammer and MrTLegal like this.
  2. struth

    struth Well-Known Member

    Joined:
    Oct 3, 2018
    Messages:
    3,551
    Likes Received:
    1,305
    Trophy Points:
    113
    7 percent less spending??? I’ll take that...here’s hoping this month will be 10 percent less! Thanks Mr President for cutting spending
     
    Jestsayin and Ddyad like this.
  3. GraspingforPeace

    GraspingforPeace Well-Known Member

    Joined:
    Dec 5, 2008
    Messages:
    13,796
    Likes Received:
    1,150
    Trophy Points:
    113
    At what point do you guys start claiming you care about the deficit and the debt again? Is that when the next Democrat takes office?
     
  4. Texas Republican

    Texas Republican Well-Known Member

    Joined:
    Aug 10, 2015
    Messages:
    19,852
    Likes Received:
    10,662
    Trophy Points:
    113
    Gender:
    Male
    Cut entitlements 50%. Then we'll have a surplus.
     
    Wildjoker5, Jestsayin and Ddyad like this.
  5. struth

    struth Well-Known Member

    Joined:
    Oct 3, 2018
    Messages:
    3,551
    Likes Received:
    1,305
    Trophy Points:
    113
    I care now, that’s why I am super happy trunp spent 7 percent less and hope he continues that
     
    Jestsayin and Ddyad like this.
  6. GraspingforPeace

    GraspingforPeace Well-Known Member

    Joined:
    Dec 5, 2008
    Messages:
    13,796
    Likes Received:
    1,150
    Trophy Points:
    113
    ... so did you miss the part where the deficit increased, or you just gonna ignore the part of the equation I’m referring to?
     
    Adfundum, rcfoolinca288 and Ericb760 like this.
  7. Quadhole

    Quadhole Well-Known Member

    Joined:
    Nov 30, 2016
    Messages:
    933
    Likes Received:
    301
    Trophy Points:
    63
    Gender:
    Male
    Yes, as any human could care less about Humanity would write. Cut everything to the POOR. Follow Texas Republicans theme, kill the poor, empower and enrich the filthy rich as much as possible.

    The only reason the CBO even put out those stats is because it is one of the very few months where they are not way overboard on Spending, Military and rich republican entitlement... Handouts to the rich, the Jewish community, republican airports, and anything that takes away from the poor.
     
    rcfoolinca288 and MrTLegal like this.
  8. HB Surfer

    HB Surfer Well-Known Member Past Donor

    Joined:
    Feb 10, 2009
    Messages:
    24,901
    Likes Received:
    5,525
    Trophy Points:
    113
    The problem is clear for any honest, freedom loving American.

    SPENDING IS THE PROBLEM.

    We are already over taxed.
     
    Doofenshmirtz and Ddyad like this.
  9. Quadhole

    Quadhole Well-Known Member

    Joined:
    Nov 30, 2016
    Messages:
    933
    Likes Received:
    301
    Trophy Points:
    63
    Gender:
    Male
    The government STOLE $19 billion less in net payments from Fannie Mae and Freddie Mac than in 2017. The two entities’ smaller quarterly payments to the Treasury (in December, March, June, and September), which are recorded as offsets to spending, have the effect of increasing net outlays. In fiscal year 2017, those payments totaled $29 billion; in fiscal year 2018, they totaled $13 billion. The Treasury also made a cash infusion of $4 billion to Fannie Mae and Freddie Mac in March 2018, which increased outlays.
     
  10. HB Surfer

    HB Surfer Well-Known Member Past Donor

    Joined:
    Feb 10, 2009
    Messages:
    24,901
    Likes Received:
    5,525
    Trophy Points:
    113
    I am not a big Hannity fan, but he is 100% right on this one. You likely don't even know his view.

    1% cut across the board each year for 7 years and you will have a balanced budget. That is incredible doable with the waste of the big government, but Democrats / Leftists refuse.
     
    Ddyad likes this.
  11. struth

    struth Well-Known Member

    Joined:
    Oct 3, 2018
    Messages:
    3,551
    Likes Received:
    1,305
    Trophy Points:
    113
    The CBO estimated the Feds ran a 11 billion deficit in Dec, 12 billion less then a year before. If the president keeps that up we are on the right track
     
    Ddyad likes this.
  12. HB Surfer

    HB Surfer Well-Known Member Past Donor

    Joined:
    Feb 10, 2009
    Messages:
    24,901
    Likes Received:
    5,525
    Trophy Points:
    113
    ^^^ This is an absolute truth. Obama stole a **** ton from Fannie Mae and Freddie Mac. I know a guy that bought those stocks and is furious.
     
    Ddyad likes this.
  13. GraspingforPeace

    GraspingforPeace Well-Known Member

    Joined:
    Dec 5, 2008
    Messages:
    13,796
    Likes Received:
    1,150
    Trophy Points:
    113
    “Accounting for shifts in the timing of payments, the deficit would have been $36 billion.”
     
  14. Quadhole

    Quadhole Well-Known Member

    Joined:
    Nov 30, 2016
    Messages:
    933
    Likes Received:
    301
    Trophy Points:
    63
    Gender:
    Male
    • Spending by the Department of Homeland Security increased by $18 billion (or 35 percent), largely because of activities related to disaster relief.

    • Bail out for the Farmers who Trump screwed over with the Tariffs Outlays by the Department of Agriculture rose by $9 billion (or 7 percent), primarily because the department made downward revisions in August 2017 of nearly $7 billion to the estimated net subsidy costs of loans and loan guarantees issued in prior years.
    Here is one of the entitlements TexasRepub wants to remove... ------------ Outlays by the Department of Education fell by $48 billion (or 43 percent) because the department made a downward revision of $9 billion to the estimated net subsidy costs of loans and loan guarantees issued in prior years—a change very different from last year’s $39 billion upward revision. If the effects of those revisions were excluded, outlays for the department would have been slightly higher than they were in 2017.
    Here is what happened in October of last year "2018" -

    The government recorded a deficit of $98 billion in October, CBO estimates, about $35 billion more than the shortfall recorded in the same month last year.


    People on this site need to remember that the Republican RNC, and their Tangents, promised votes or your out, follow the leader and preach to FOX news the AGENDA or your OUT ! They post here to protect their Interests, people are paid to do it as a JOB. If oyu are at the RNC one of your jobs is to push the agenda or Propaganda. You are there to protect the greed and filth of the very very rich while preaching Bible Study, belief in GOD, be very Anti muslim, and anti anything good for the working class, all while pretending to care. Push JOBS agenda, push (you can do better if you work hard) agenda... Vote republican if you are AMERICAN agenda...

    This has pushed so many in the middle away, the lies, the deceit, the Gerrymandering, the cheating, propaganda and so so much more. The wholly rollers over there have just gone too far...
     
    Ddyad likes this.
  15. Quadhole

    Quadhole Well-Known Member

    Joined:
    Nov 30, 2016
    Messages:
    933
    Likes Received:
    301
    Trophy Points:
    63
    Gender:
    Male
    It wasn't OBAMA, and it wasn't BUSH, and it isn't TRUMP... It is the Gov't... They should have long ago been put back to the Semi private corp they were... But, the GOVT see's free money and thus want to keep them..... Just more corruption, and yes from both sides... They are both in on it, most all of it..

    Why Socialists got elected.... They will bring it back to the middle where it belongs and hopefully with a giant tax increase on the RICH, things will settle close to where they were.
     
    Ddyad likes this.
  16. rahl

    rahl Well-Known Member

    Joined:
    May 31, 2010
    Messages:
    47,695
    Likes Received:
    3,548
    Trophy Points:
    113
    why didn't republicans do this when they controlled both houses of congress?
     
  17. struth

    struth Well-Known Member

    Joined:
    Oct 3, 2018
    Messages:
    3,551
    Likes Received:
    1,305
    Trophy Points:
    113
    Would have...which means it wasn’t
     
  18. struth

    struth Well-Known Member

    Joined:
    Oct 3, 2018
    Messages:
    3,551
    Likes Received:
    1,305
    Trophy Points:
    113
    Because they had to deal with the Dems.
     
  19. GraspingforPeace

    GraspingforPeace Well-Known Member

    Joined:
    Dec 5, 2008
    Messages:
    13,796
    Likes Received:
    1,150
    Trophy Points:
    113
    Do you think that those extra billions just disappear? No, the deficit will likely be more than 10% higher in January than it was last year because of the change in payment timings.
     
    MrTLegal likes this.
  20. GraspingforPeace

    GraspingforPeace Well-Known Member

    Joined:
    Dec 5, 2008
    Messages:
    13,796
    Likes Received:
    1,150
    Trophy Points:
    113
    So, instead they decided to make the situation even worse by creating a loss in revenue? Smart political play, but kind of hard to maintain a straight face when you claim they're the party of fiscal responsibility.
     

Share This Page