U.S. Budget Deficit Widens 11.8% in First Quarter of Fiscal Year

Discussion in 'Budget & Taxes' started by Giftedone, Feb 10, 2020.

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Does Trumps massive spending make him an even bigger Socialist than Obama ?

  1. Yes - Society is on the hook for all this spending and wealth redistribution is socialism

    4 vote(s)
    57.1%
  2. No - Military and other programs that I like are funded by Santa Clause and not Taxes.

    3 vote(s)
    42.9%
  1. Giftedone

    Giftedone Well-Known Member Past Donor

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    https://www.bloomberg.com/news/arti...t-widens-11-8-in-first-quarter-of-fiscal-year

    At this pace the annual deficit will top 1.4 Trillion.

    Trump is spending money like a Princess with a Credit Card. Red spent 8 years criticizing Obama's budget deficits. Trump is even worse but we don't hear a peep out of Red - sans a few Libertarians like Rand Paul.

    What happened to the "Fiscal Conservatives" ? Looks like Trump is an even bigger Socialist than Obama !
     
  2. Andrew Jackson

    Andrew Jackson Well-Known Member

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    Leave it to Trump to run up Trillion Dollar Deficits (while enriching his Crime Family on the backs of hard-working Americans).:smh:
     
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  3. Sage3030

    Sage3030 Well-Known Member

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    Poll should read: Does CONGRESS’s massive spending

    Congress makes the budget.
     
  4. Giftedone

    Giftedone Well-Known Member Past Donor

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    This obscene rate of spending is not "making America Great" - unless one thinks massive debt is a good thing.

    The other factor that most fail to consider is the impact of all this credit card spending on the economy. The increase in Gov't spending boosts the economy in the short term - like putting nitro into the fuel tank.

    This is short term gains for long term losses. It is what losing looks like - not winning.
     
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  5. Giftedone

    Giftedone Well-Known Member Past Donor

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    The President has veto - and has considerable sway over the budget process via his party (Red Congress). Further - much of the spending increases have to do with Trump programs.
     
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  6. Sage3030

    Sage3030 Well-Known Member

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    Lmao yeah we saw what happens when trump wants less money or money for something he wants. The government gets shut down and holy hell is raised. Can’t have your cake and eat it too.
     
  7. Pollycy

    Pollycy Well-Known Member

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    Nobody has cared about "the deficit" since Comrade Obama floated down from Heaven to lead us toward the 'nirvana' of Socialism. Why would anybody care about it now...?

    Truth? Trump hasn't changed anything regarding "the deficit", and he sure as hell isn't going to now! And, on top of that, he's doing everything he can to make certain that the country -- and all of our citizens -- plunge even deeper into debt, too, by constantly raising hell that we need to cut interest rates down to ZERO, or below (if possible).

    The message -- get in debt all the way up to your fugging earlobes and BUY TONS OF SH!T, whether you need it or not! :banana:
     
    Last edited: Feb 10, 2020
  8. Andrew Jackson

    Andrew Jackson Well-Known Member

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    Exactly.:salute:
     
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  9. Giftedone

    Giftedone Well-Known Member Past Donor

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    I get that but - the fact remains that much of the increase is due to spending on things that Trump has been pushing.
     
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  10. Giftedone

    Giftedone Well-Known Member Past Donor

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    Many have cared about the deficit - be it Obama, Trump or Reagan for that matter. What happened to the "fiscal conservatives" who were screeching so loudly during the Obama years - often blaming him for stuff that was not his fault - such as the 2009 Deficit of 1.4 Trillion handed to him by previous administration ?

    I do not think we can get to rates as low as Europe. Supply and Demand is what determines these rates and as the rates decrease I am not sure demand for the massive amount of debt we need to float every year can be sustained.

    We are lucky that the EU is at zero - as this helps maintain demand for our debt.
     
  11. rahl

    rahl Banned

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    presidents sign them. Can't become law until he does, absent a veto proof majority. Trump owns every budget passed since he's been in office, and the deficits that go with them.
     
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  12. Cubed

    Cubed Well-Known Member Past Donor

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    Yeah, I seem to remember entire rallys. Something about...Tea? Wonder what happened to all of those folks?
     
  13. Giftedone

    Giftedone Well-Known Member Past Donor

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    No kidding - all these self proclaimed "fiscal conservatives" have gone into hiding because it is "Their Guy" who is spending like a princess with a credit card - and not "the other guy".
     
    Last edited: Feb 10, 2020
  14. LogNDog

    LogNDog Well-Known Member

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    So you would support him if he massively cut the budget, correct? I mean, you would totally agree with budget cuts? Just wondering how concerned with the budget that you really are.
     
    Last edited: Feb 10, 2020
  15. ButterBalls

    ButterBalls Well-Known Member

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    Funny how they forget that part ;)
     
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  16. ButterBalls

    ButterBalls Well-Known Member

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    Funny how they avoid facts like that :)
     
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  17. Thirty6BelowZero

    Thirty6BelowZero Well-Known Member Past Donor

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    1. I don't mind spending like this when it actually benefits the country. A stronger military is part of Trump's America First policies.

    2. Look up the definition of a socialist so you don't make the wrong comparisons.
     
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  18. ButterBalls

    ButterBalls Well-Known Member

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    At least with Mr. Trump we see economic improvement, unlike Mr. Obatards stagnation and continued increase in poverty among minorities!
     
    Last edited: Feb 10, 2020
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  19. Thirty6BelowZero

    Thirty6BelowZero Well-Known Member Past Donor

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    What is he pushing that you don't like?
     
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  20. cd8ed

    cd8ed Well-Known Member Donor

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    “Who the hell cares about the budget?” Two guesses who said that....
     
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  21. ButterBalls

    ButterBalls Well-Known Member

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    That's the key difference in a the doomsday Democrats and the opportunist minded Conservative.. One begs for economic decline and fears a opportunic economy and the loss of Government dependence and the changes independent lives bring to people!! ¯\_(º¸º)_/¯
     
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  22. cd8ed

    cd8ed Well-Known Member Donor

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    At what point do you feel our military is strong enough? 10x the rate of the next country?
    20x?
     
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  23. Giftedone

    Giftedone Well-Known Member Past Donor

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    I would definitely support not increasing the deficit. You don't necessarily have to cut it - although that is preferable. What is ridiculous is the massive deficit increases done under Trump.
     
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  24. Giftedone

    Giftedone Well-Known Member Past Donor

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    You mean like how the right forgot this when Obama was in power ?

    What you seem to be forgetting is that the Dem's don't claim to be fiscal conservatives - Red does.
     
  25. ButterBalls

    ButterBalls Well-Known Member

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    He isn't President anymore, and he got his eight trillion and nothing but stagnation for it! Get back to me when Mr. Trumps spending results in that :thumbsup::rock_slayer: :roll:
     
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