US budget deficit rises to $209 billion in November

Germany has a budget surplus of 48 billion this year. 63 billion last year.

Surplus. Not deficit

 

Well, there you go. Trickle down is alive and well. Nevermind that it's been tried and disproven, eh.

 

Yeah, but billion. Pocket change, Brüderlein.

 

Its a surplus. Which means our budget runs in profit

 

I've never received a bonus working for the state, just saying.

A real estate company surprised employees with $10 million in bonuses at a holiday party

 

So now congress WAS on his side? Trump has been an outsider even before he was elected! The political elites have hardly worked with this President on either side of the isle. Don't you folk ever get tired of ignoring reality? ¯\_(º¸º)_/¯

 

The federal fiscal year runs October 1 through Sept 30. The budget for Trump's year in office (2017) was appropriated during the last year of Obama's term (2016).

In 2018, the House appropriated far more money than Trump requested, that is true. He wants to lower spending. Congress isn't cooperating.

 

Is the topic about Germany now or are you just derailing again?

 

Real estate is a great racket to be in. 2007-08 taught me that

 

Sure he can sign or refuse to sign....and the government shuts down. Trump is consistently in favor of budget cuts. He's not a "big government" guy like the political elites who have enjoyed decades of spending money they didn't earn, our money, like it's Monopoly money.

 

Well, Real Estate has created the most millionaires, so... There's that.

But yes, the exception is always better than the rule.

 

It's created millionaires and made housing unaffordable to the working class. This is enabled by financing schemes, of course. If people couldn't borrow hundreds of thousands of dollars to buy a home, homes wouldn't cost so much.

 

I agree! Dems should not have demanded spending increases in the face of tax cuts.

 

Maybe, but you have really got it backwards. Rs should not have cut taxes without corresponding spending cuts.

But I'm glad you agree that cutting taxes without corresponding spending cuts is irresponsible. Reckless, even.

 

Unafforable housing is a result of inflated property appraisals and the associated property taxes.

 

I agree. Trump has proposed spending cuts every year. Congress is not cooperating.

 

I wonder if Trump and Republicans ever tire of being wrong in the face of factual data? Reagan and Bush used the same arguments Trump did, "Tax cuts will pay for themselves." National Debt under Reagan tax cuts soared $5 trillion. HW Bush had to raise taxes to stem the hemorrhage. National Debt under Bush II tax cuts added another $5 trillion to the debt, now at $11 trillion. Bush II handed off the first one year $1 trillion budget deficit to Obama on top of a global meltdown. Government receipts went in the toilet because the people contributing to revenue were broke and stayed that way for years.

Deficits rose mightily during Obama's first term. How could they not? As the Obama administration, the Fed, and Treasury brought things under control budget deficits declined. Obama handed off a solid economy and declining budget deficits to Trump who immediately destroyed financial responsibility with a huge tax cut for corporations and billionaires. But, of course, like Reagan and Bush, Trump sold the idea that "tax cuts will pay for themselves." Predictably, deficits soared to a $trillion a year. And, they're not going down. Spending wasn't reduced by Trumps majority Congress won't reduce them either. The only wise answer is to roll back to "tax cuts that will pay for themselves."

How gullible do Republicans have to be to keep buying the same lie again and again. "Fool me once, shame on you. Fool me twice, shame on me." It's truly amazing.

 

I don't know what you're talking about. Median home values are 232K nationally; that is relatively cheap compared to places like Arizona, New York, and Florida. Negative equity and default rates are at the lowest point in a long time. I also don't know what financing schemes you're talking about. You take out a mortgage; you pay it back. Nothing complex about that.

 

$5.5 billion "savings" in 5 years, or 0.07% of the cost of the tax cuts. A drop in the bucket, but it gets the Trump base excited, whose life goal seems to be to punish people they don't like.

 

I'm glad you agree that the Republican tax cuts (in the absence of corresponding spending cuts) were reckless.

 

Congress is certainly not going to cut spending if they increase taxes. We should decrease taxes again. At some point if we take away the government's "free money" then they have to make some cuts somewhere. That would be a good thing.

 

And as I’ve stated, 3 times now, trumps first 2 budgets were 100% republican budgets, as they controlled congress and the White House. Trump is 100% responsible for every bill he signs. He owns entirely the 2018-2020 budget deficits.

 

He is quite demonstrably a big government, and big spending guy. It’s why he has exploded the deficit every year hes been in office.

 

While I view the congress as hopelessly incompetent, I do give them credit for their talent for spending other peoples' money.

 

I also own a property management company so real estate is still in my wheel house.