Despite Strong Economy, Federal Deficit Soars

That would encompass nearly every right winger on Politlcal Forum!

That's evinced by the huge mob of them that are on this thread denouncing deficit spending.

 

Not at all.

Borrow and spend is GOP standard policy. Ronald Reagan invented it, George W Bush ran the scam again, and Donald Trump is here to play the middle class for patsy for Wall Street's benefit one more time!

Wall Street wrote Trump's tax bill. All the GOP did was rubber stamp it.

https://www.politico.com/story/2018/07/30/eye-popping-payouts-for-ceos-follow-trumps-tax-cuts-747649

 

Fiscal Conservatives. LOL!!

 

Who can forget this picture?

 

Trump had to put lots of money in the military, Obama starved it till it was in such bad shape, over half to three quarters of all Marine and Navy fighters could no longer fly for lack of spare parts. That was just the air part. Things the Left will never tell you.

Grounded: Nearly two-thirds of US Navy’s strike fighters ...
https://www.defensenews.com/naval/2017/02/06/grounded-nearly-two...
Overhauls — "availabilities" in Navy parlance — are being canceled or deferred, and when ships do come in they need longer to refit. Every carrier overall for at least three years has run long, and some submarines are out of service for prolonged periods, as much as four years or more. One submarine, the Boise, has lost its diving certification …

70% of Marine Aircraft Can't Fly - …
https://www.independentsentinel.com/70-of-marine-aircraft-cant-fly
Out of 276 F/A-18 Hornet strike fighters in the Marine Corps inventory, only about 30% are ready to fly, according to statistics provided by the Corps. Similarly, only 42 of 147 heavy-lift CH-53E Super Stallion helicopters are airworthy.

For those people saying that Trump's tax cuts are only crumbs and that the rich are the only ones to really benefit from the tax cuts, lets look at the whole picture. The little extra in people's pay check and at tax time is not the big selling point of this tax cut although it sure will help. It's' those tax cuts and cuts in the thousands of regulations that Obama put on that are bringing back millions of good paying jobs. Jobs that people can make a living off of and raise a family. Most of Obama's jobs were both part time and service jobs. Jobs people couldn't make a living off of. Even with the small corporate tax cut Obama gave, America still had the highest corporate taxes in the whole industrial world and tons of regulations. All that did is chase companies away. You don't think that made the rich richer by moving plants to lower tax and lower wage countries? It made them richer and Americans poorer by leaving us with millions of low paying service and part time jobs. Yes, the rich will get richer too with these tax breaks. But Americans will get richer too by having good paying jobs once again. By getting raises, bonuses and better benefits. So it's a lot more than a 1,000.00 or a couple of extra dollars each week. People have to look at the whole picture.

 

We gotta keep all these killing machines in good shape if we want to maintain the kill rate of foreigners.

Let's stop feigning the defense lie. America has not needed to defend itself since WW2. There is no present bogeyman America needs to defend itself against.

The fact that the Pentagon can't keep its war machines in a ready-to-kill condition is not a reflection on Obama, its a reflection on the Pentagon and its servants. Furthermore, a lot of those tired old killing machines should be scrapped and the USA should aim for quality instead of quantity.

Many of these tired old killing machines are just marketing tools to support the sales of the US Military-Industrial complex.

 

"For those people saying that Trump's tax cuts are only crumbs and that the rich are the only ones to really benefit from the tax cuts, lets look at the whole picture. The little extra in people's pay check and at tax time is not the big selling point of this tax cut although it sure will help."Of co


It isn't? That's news to just about everybody.

Because it is precisely what Trump sold you.

Now you're telling us that the little guy doesn't count, and never should have expected anything from the con man whose entire campaign was aimed right at every little Archie Bunker out there.

Every dime of the cost of Trump's tax cuts was borrowed against the taxes you will have to pay some day. Every penny and every dime.

Trump isn't actually cutting much regulation. He' s making a lot of noise, which is usually enough to fool Trumpsters (who are all sizzle and never look to see if the Trump Steak is fake).

Nor have the statistics for economic growth changed significantly since Trump became President. The growth curves in the economy and the shrinking unemployment rate both follow the exact same trajectory as they were following before he became President.

In fact, his only significant "accomplishment" (and the one he constantly pats himself on the back for) is a continuation of what went before.

His addition to it has been a massive tax cut for Wall Street paid for with money borrowed against the furure taxes to be paid by the very people who voted for him.

As for your comments on military spending.

You might want to look back to Mr Bush's disasterous war in Iraq, which was also paid for with borrowed money, and which was always starved for funds. Military experts predicted (accurately) that the war, and the way is was mismanaged and underfinanced would leave the US military broken.

That is precisely what happened.

Obama inherited the biggest economic collapse since 1929 and was in no position to spend big on the military.

Today, whe have the America Quits tour, led by Donald Trump. As the US abandons its role as world leaders and retreats into the parochial isolationism one has to wonder what we even need a large military for.

If we are going to retreat to the foreign policy of Calvin Cooldige, we hardly need a military any larger than the one we had in the 1920's.

 

Not quite true.

The little guy is tax negative.
He doesn't pay his fair share of taxes.

Any tax cut he benefits from, any service he uses that charges him less than it costs to provide... he makes profit on.

Yes those taxes will have to be repaid, but it won't be him doing the bulk of that repayment.

 

Funny, But I remember the economy being in a very different place in 2009.

Federal debt soared because of entitlements programs and long term unemployement caused by an economic collapse.

There is not economic collapse today, that requires drastic increases in borrowing and spending.

 

When you paper over an economy instead of fixing the problem, too much debt, you can't stop papering or it collapses.
Are you ready for the reset I thought should have happened in 08? It will be twice as painful now.

Everybody hailed the gov and the FED as the saviors of the economy then. They fixed nothing.

 

as we told you with Obamas 10 Trillion on a card. You will continue to be in no position to speak of debt or deficit until you pay off what Obama did to this nation. Its laughable that any leftist has the gall to even speak on the topic after what they did.

 

Despite Strong Economy, Federal Deficit Soars

Typical Republican Rhetoric .............

How so with a Republican Controlled Government ?

 

It will only change when it collapses.

And then the same bad practises will emerge once more.

 

Because automatic increases are built into the budgets by liberals and it's virtually impossible to stop them. That's why when a 5% increase is reduced to 4% the liberals scream that the Republicans are cutting welfare, medicaid, etc. when in reality there's a big increase.

 

I think the first part of this post makes a very valid point. Those that profited from what eventually caused the economic problems in 08 never had to pay a price for what they did. Instead, they were bailed out.

I disagree with the second part of your post though. Everyone didn't hail the government and the FED as saviors. Many in America thought bankers should have gone to jail along with forfeiture of assets they gained as a result, as they did in other countries that were also impacted by the collapse, rather than thousands of them them getting million dollar bonuses.

 

Yeah, that's not really true, no one lost more in the financial crisis than the investors and the bankers themselves.
Bailouts saved jobs and the industry, but it didn't save them all, not by a long long stretch and it didn't pay back anyones losses.

I lost half of everything I own. The only bank I had shares in that was bailed out, became worthless and still is.

 

And you opposed the Democrats $1,000B+ deficits and their 10% and 20% spending increases?

 

No no no no no. You ignore the recession when criticizing the Republican deficits claimjng they "squandered a surplus" you don't get to use then as an excuse here but typical of your hyporcacy. The Democrats squander a paltry $161B deficit heading to surplused ans taking the deficit to their whopping $1,400B in just two years and keeping it over $1,000B for the next three not even coming close to the worst Republican $400B.
And do you now claim to have supported sequester and austerity?

 

LOL!!!!!

There is nothing more hilarious than seeing liberals complaining about spending and debt. ROFLOLOLOL!!!!!!!!!!

The economy is doing GREAT and it just upsets them so much!!

 

Are you one of the many liberals who only pretend they are against deficits when there is a Republican in office?

 

It's one thing to spend to keep the country out of depression. Quite another to give money away.

 

I agree, there are some of us out there.
But the majority, including the majority of posters on this site, liberal and conservative alike will taut this as something that was necessary to save us.
There was no save.
You can't get something for nothing.(ask Geddy Lee)


"Everyone" refers the prevailing wisdom that was pumped down our throats by the media for 8 years.

 

Of course, the ones who stand to gain the most are the ones who can finance the political class

 

The economy was not turned around by Democrat spending, the recession ended before any of Obama's stimulus went into effect and what did we get with all that spending but the worst recovery in modern history and a doubling of the debt.

Hey I'm all for cutting spending growth how about you? And who do you think is most likely to do that Republicans or Democrats? Who is more likely to produced balanced budgets? Join in and vote for more conservative members of Congress.

 

If interest rates rise even moderately the debt will be feeding itself with more debt. If interest rates rise sharply the debt will explode.

It seems nobody, especially the wealthy, are paying taxes these days.

Donald Trump is so embarrassed about his taxes he won't publicly release them.