US budget deficit rises to $209 billion in November

Why didn't Trump do that when the GOP had the presidency and both houses of congress?

The answer is not difficult.

 

Like +100 million bucks of taxes got wasted so Donald could play golf?

 

Pigs sucking at the government teat squeal if you cut them off.

Parasites.

 

The US pays like 13% of their taxes on paying the interest on their debt.
15% on foreign affairs and 9% on defense 6% on veterans
welfare is like 2%, education 1%, science 4%.

not smart....

 

So in the old “guns” vs. “butter” debate, it’s 9% guns and 91% butter.

 

Some didnt. The ones unwilling to find the work missed out.

 

guns: 15% on foreign affairs and 9% on defense 6% on veterans.
And I wouldn't be calling 13% to pay interest on the debt "butter".
And Trump is making that worse

 

Haha! Correct, those without a paycheck did not get a pay raise.

 

So, news is out today on the next period's budget talks. Congress has been working on appropriations. They only have 8 days left to pass a continuing budget through the House, then the Senate, then get Trump's signature. So far, the White House has not signed off on any agreement. Nothing like waiting until the 11th hour to shove a spending budget under Trump's nose to sign or face another government shutdown. Sounds like both sides in Congress have compromised on a $1.3 Trillion package though, so we'll see more details next week.

https://www.bloomberg.com/news/arti...ernment-shutdown-democrat-lowey-says-k437yj94

 

In your Post #55 above, you appeared to be 'laying laurel wreaths' on Obama because he had such a difficult economic situation facing him. In fact, HE DID. But fortunately for Idiot Obama (who never demonstrated the slightest understanding of what an 'economy' is, or does), the Federal Reserve combine had already begun taking over every important thing involved in economics starting back in August 2007, under Idiot "W" Bush!

In all these years that you and I have been sparring with each other in this Forum, you haven't seen me criticizing Obama's 'handling of the economy' because, in truth, Obama never did "handle" it. Just like his stupid predecessor, Obama simply stood to one side and did what he was told to do, while Fed boss, Ben Bernanke and later, Janet Yellen, and their Fed henchmen blew up their big "fraud-balloon" economy in order to 'rescue' those "too big to fail", etc., etc., etc.

And, perhaps to bewilder you just a bit, I don't like Trump's incessant yammering about crushing interest rates down to ZERO, or even lower, into negative territory! Even Powell and the current Fed regime are very uneasy about this idiocy of wrecking interest rates at a time when debt of every kind has already skyrocketed unbelievably. Fact: we cannot establish real growth by devaluing the currency, flooding the world with even more worthless dollars, and destroying interest rates in the face of towering demand! This latest round of Fed 'stimulus' is not (NOT) needed or desired, and all it does is weaken the dollar just when we were beginning to re-establish sanity in the comparative values of currencies. But, no longer! Trump's going to shove everyone out of safe investments into "the big Wall Street casinos" once again, and it won't end well because they are already grotesquely overvalued.... Are you surprised...?

Cut to the chase -- it grows clearer and clearer all the time that Michael Bloomberg's going to be your nominee. Only question then, what is HIS economic plan, or is he just going to let the Fed continue to run everything, too...?

 

From an Economics standpoint, I'd been converted to a semi-Kenysian style of thought. Spending itself isn't bad, if the investment pays for itself(rate of return theory). Unfortunately, the government does not spend in an investment format, but rather in government waste. Also, this year-by-year crap is actually helping to inflate the deficit, as they come with yearly agreements. Whereas I support a flat spending line.

Can you imagine if we had a "CEO of Congress"? A separate position should literally be carved out, because as far as finances go both parties are retarded.

 

The House of Representatives is making things worse. No budget gets passed without the House voting/approving it. They hold the power of the purse.

Process:
1) Passes House
2) Passes Senate
3) Goes to President

Trump can a) sign, or b) veto and shut down the government while they make revisions.

 

Guess we should stop spending!

 

I'm happy with a government shutdown.....since the government doesn't "really" shutdown.

In a "shutdown", nonessential government offices can no longer remain open due to lack of funding.

My question is "Why do we pay for 'nonessential' government offices????" The fact that they exist indicates we certainly could cut a lot of bureaucratic fat.

Shut it down and make these 'nonessential' offices prove that they are worth the taxpayer dollars spent on them.

 

permanent shut down is fine with me

 

Spending is always a problem until they get their hands on our credit card!!!

 

It's good to be President.. Maybe someday you will be one

 

And imagine if we elect a Warren or a Sanders or even a Biden.

 

I also have no idea what any of this has to do with the fact trump is exploding the deficit in good economic times.

 

It appears to have disappeared completely off Republican radar. I have a theory. What is your explanation for the demise of the Tea Party?

 

Black man gone, orange man in

 

Except that Trump didn't even TRY to cut spending, quite the opposite, so there was no squealing.

What is reality, however: 50% of government spending is about 10% of GDP. So, unless a president it interested in a 10% GDP contraction, they'd be insane going with a proposal such as your's. Even Trump is smart enough to know that it is government gravy (i.e. his $0.5 trillion increase in deficit) that keeps his meager 1.9% GDP growth going. The king of debt actually being fiscally responsible? Are you kidding me?

 

I guess reducing the debt was another canard promulgated by Donald Trump...

 

Oh my!