PF Exclusive: Debt increase in FY2015 lowest in 14 years

Discussion in 'Budget & Taxes' started by Iriemon, Nov 13, 2015.

  1. barefoot2626

    barefoot2626 Well-Known Member

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    Nor over in this universe with skies of blue and grass of green.

    Notice: shortage of charts to prove your point.

    Ah! But who needs proof when you have rhetoric!
     
  2. barefoot2626

    barefoot2626 Well-Known Member

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    And you do know that Trump has absolutely nothing to do with this?
     
  3. barefoot2626

    barefoot2626 Well-Known Member

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    HAHAHAHAAHAH!

    Over in this universe, the president proposed the budget and the Congress gets to approve
    it as is or market it up as much as they like.

    Here's the thing: then the president gets to approve or not approve the Congress's budget.

    So when you say they have the lease input, I am thinking you are posting from Bizarro
    world where everything is backwards from ours!

    Tell me: Does Trump tell the truth over there?
     
  4. barefoot2626

    barefoot2626 Well-Known Member

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    Gosh how I love autocorrect...
     
  5. Bluesguy

    Bluesguy Well-Known Member Donor

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    Actually the President's budget request is hardly worth the paper it is written on and are routinely ignored in total. And when there is a split in power the budget is negotiated. The Congress controls the budget and spending, if like now one party controls both the President has more power with them to get his spending priorities as with the 2009 budget Obama signed into law with it's $1,400B deficit just two years after the one Bush sign from the Republican Congress with it's $161B.
     
  6. Ndividual

    Ndividual Well-Known Member

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    And why, would YOU think that by simply stating a fact obtained from the government that I would think otherwise?
     
  7. barefoot2626

    barefoot2626 Well-Known Member

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    And the sun rose this morning from the east.

    NOt because of Trump.

    Likewise, since Trump hasn't even PASSED his budget it would be premature to say
    it is successful.

    Especially since his budget is for the NEXT fiscal year.
     
  8. barefoot2626

    barefoot2626 Well-Known Member

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    They are never in the history of the USA routinely ignored.
     
  9. Ndividual

    Ndividual Well-Known Member

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    Perhaps you should start a thread to discuss the budget, I'm simply posting the debt figures provided us by our government each month of the fiscal year.

    While each FY budget begins with a request by the President, the final budget is a result of achieving agreement in both Houses of Congress AND the President.
    Everyone wants to get more than they pay for, and by centralization of revenue collection to be redistributed for spending from where it was obtained, government throws in a 'little' debt to appease everyone, or most everyone each FY.
     
  10. VietVet

    VietVet Well-Known Member

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    THANKS, OBAMA! :applause:
     
  11. barefoot2626

    barefoot2626 Well-Known Member

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    Perhaps you should not post in a public forum if you didn't want people to
    respond to your posts?
     
  12. Bluesguy

    Bluesguy Well-Known Member Donor

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    First you do realize that the President even submitting a budget to Congress is realitively new, since Nixon. And yes like in 2008 for FY2009 with a lame duck President Bush and Reid and Pelosi in charge of Congress they are routinely DOA.
     
  13. barefoot2626

    barefoot2626 Well-Known Member

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    Was Nixon's budget ignored?
     
  14. barefoot2626

    barefoot2626 Well-Known Member

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  15. barefoot2626

    barefoot2626 Well-Known Member

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    HAHAHAAHAHAH!.

    Goalposts.

    Now instead of all budgets that are usually ignored you have budgets of lame duck
    presidents usually ignored. That would be one out of eight... if it were true.
     
  16. Bluesguy

    Bluesguy Well-Known Member Donor

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    No where did I say ALL and no where did I limit it to just lame duck. Your statements about the budget submission by a President having some power in law and must be considered by the Congress are fallacious and they are routinely ignored as DOA.
     
  17. Bluesguy

    Bluesguy Well-Known Member Donor

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    Correct but was superseded by the budget act of 1974. And again Congress has no obligation to even consider it.

    Reagan Budget Declared Dead Before
    https://www.washingtonpost.com/arch...-before/81c8bad0-a9f1-451b-8cd3-246b6728b17b/

    Obama’s $4.1 Trillion Budget Proposal is DOA on Capitol Hill
    http://nahbnow.com/2016/02/obamas-4...-2017-budget-proposal-is-doa-on-capitol-hill/

    Trump’s new budget might be DOA, but DOD isn’t worried
    http://thehill.com/blogs/pundits-bl...-new-budget-might-be-doa-but-dod-isnt-worried

    And one of my favorites

    "Unlike last year, when Bush forced Democrats to accept lower spending figures, this year could prove more difficult for the president. The fiscal year begins Oct. 1, less than four months before he leaves office.

    "He doesn't have us over a barrel this year, because either a President Clinton or a President Obama will have to deal with us next year," said Senate Majority Leader Harry Reid, D-Nev. "We are not going to be held hostage to the unreasonableness of this president."

    Much of the president's plan has little chance of passage, lawmakers and budget experts say. Nearly $200 billion in Medicare and Medicaid savings need congressional approval, which Democrats are unlikely to provide. "Dead on arrival," vowed Sen. Max Baucus, D-Mont., chairman of the Senate Finance Committee.
    http://usatoday30.usatoday.com/news/washington/2008-02-03-bush-budget_N.htm

    President Obama signed the 2009 Omnibus Spending Bill, the budget
     
    Last edited: May 23, 2017
  18. Ndividual

    Ndividual Well-Known Member

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    Feel free to respond, but keep your responses relative to what the person you are responding to has posted.
    Regardless of which political party is in power, is more debt the solution to achieving greater equality within the Nation, and what are the consequences in a world where much trade occurs between Nations?
    In my opinion, economic survival of the U.S.A. has become dependent upon inflation, and living abroad I have seen inflation occur where I live as well. In 1991, when the U.S. minimum wage was $4.25/hr the minimum daily wage here was about $2.90, and adequately livable. Currently, with the U.S. minimum wage at $7.25/hr the minimum daily wage here has risen to about $8.84 and much more adequately livable. Much manufacturing has moved here from developed world nations, paying employees much more than the minimum daily wage, yet much less than the U.S. hourly minimum wage, not to mention far less other benefits. As a result the standard of living is increasing greatly and rapidly as a result of free market trade between countries, with an unemployment rate of just over 1/2% or 0.006%. No work equals no money, and social welfare is a result of private individuals providing aid when and where they see it productive. I've yet to see any dead bodies along the roads.
    Donald Trump was inaugurated on 20 January 2017 with the debt at $19,947,304,555,212.49
    The current debt figure provided by the government on 22 May 2017 is $19,846,034,340,301.91
    That's a debt reduction of $101,270,214,910.58
    Who would you like to credit for the reduction, or how might you respond to the happening?
    And by the way, the debt ceiling was reinstated on 17 March 2017 as $20.1 billion. Should Congress be thinking about trying to raise it?
     
    Last edited: May 23, 2017
  19. Ndividual

    Ndividual Well-Known Member

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    FY 2016 ended with a debt of $19,573,444,713,936.79 an increase of $1,422,827,047,452.46 from FY 2015


    FY 2017 Mo 1 ended with a debt of $19,805,715,214,641.75 an increase of $232,270,500,704.96

    FY 2017 Mo 2 ended with a debt of $19,948,064,697,245.75 a monthly increase of $142,349,482,604.00

    FY 2017 Mo 3 ended with a debt of $19,976,826,951,047.80 a monthly increase of $28,762,253,802.05 increasing our debt $403,382,237,111.01 during the first three months of FY 2017.

    01/20/2017 $19,947,304,555,212.49 Debt when Trump inaugurated

    FY 2017 Mo 4 ended with a debt of $19,937,261,314,503.29 a monthly decrease of $39,565,636,544.51

    FY 2017 Mo 5 ended with a debt of $19,959,593,604,841.58 a monthly increase of $22,332,290,338.29

    FY 2017 Mo 6 ended with a debt of $19,846,420,062,676.87 a monthly decrease of $113,173,542,164.71

    FY 2017 Mo 7 ended with a debt of $19,846,129,308,635.72 a monthly decrease of $290,754,041.15

    FY 2017 Mo 8 ended with a debt of $19,845,941,916,894.67 a monthly decrease of $187,391,741.05
     
  20. Econ4Every1

    Econ4Every1 Well-Known Member

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    Perhaps you can enumerate how the rising debt affects the average person?
     
  21. Ndividual

    Ndividual Well-Known Member

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    That question is deserving of a thread of its own, and this one simply remain attentive to the debt change, increase/decrease.
     
  22. Ndividual

    Ndividual Well-Known Member

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    FY 2016 ended with a debt of $19,573,444,713,936.79 an increase of $1,422,827,047,452.46 from FY 2015


    FY 2017 Mo 1 ended with a debt of $19,805,715,214,641.75 an increase of $232,270,500,704.96

    FY 2017 Mo 2 ended with a debt of $19,948,064,697,245.75 a monthly increase of $142,349,482,604.00

    FY 2017 Mo 3 ended with a debt of $19,976,826,951,047.80 a monthly increase of $28,762,253,802.05 increasing our debt $403,382,237,111.01 during the first three months of FY 2017.

    01/20/2017 $19,947,304,555,212.49 Debt when Trump inaugurated

    FY 2017 Mo 4 ended with a debt of $19,937,261,314,503.29 a monthly decrease of $39,565,636,544.51

    FY 2017 Mo 5 ended with a debt of $19,959,593,604,841.58 a monthly increase of $22,332,290,338.29

    FY 2017 Mo 6 ended with a debt of $19,846,420,062,676.87 a monthly decrease of $113,173,542,164.71

    FY 2017 Mo 7 ended with a debt of $19,846,129,308,635.72 a monthly decrease of $290,754,041.15

    FY 2017 Mo 8 ended with a debt of $19,845,941,916,894.67 a monthly decrease of $187,391,741.05

    FY 2017 Mo 9 ended with a debt of $19,844,554,182,651.33 a monthly decrease of $1,387,734,243.34
     
  23. Econ4Every1

    Econ4Every1 Well-Known Member

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    Not really sure what message you are trying to send, but if it's to say that this administration is unusual....I'll go back to Bush Jr.

    1 $5,679,727
    2 $5,693,600
    3 $5,776,091
    4 $5,711,285
    5 $5,735,333
    6 $5,773,392
    7 $5,685,108
    8 $5,647,170
    9 $5,685,938


    The total increase from month 1 FY 2000 and month 9 FY 2000 was a total increase of 1.0%

    The difference between month 1 FY 2017 and month 9 FY 2017 is 1.9% or 0.1% higher than it was under Bush and not all that unusual.

    The point is, the first 9 months of Trump is obviously about the same as Bush.

    Why didn't I use Obama? We know that by the time Obama was in office the financial collapse had already begun and billions in spending had already been approved but for comparison's sake, the debt increased 4.3% over the first 9 months of the FY of Obama's first term.

    Conversely, Clinton ran a surplus. By the numbers, he'll come out best (depending on how you define "best").

    But this really doesn't answer the question "Perhaps you can enumerate how the rising debt affects the average person?"
     
    Last edited: Jul 3, 2017
  24. Ndividual

    Ndividual Well-Known Member

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    FY 2000 began October 1999, while Clinton was President and ended September 2000. Bush 43 was inaugurated on 20 January, 2001 which was the 4th month of FY 2001.
    The total debt increased by $17,907,308,253.43 from the end of FY 1999 to the end of FY 2000.

    I'm simply presenting facts provided by our government. As for the Trump administration, that too might be made an interesting thread topic.
    Note that Trump is just beginning his sixth month as POTUS, therefore I will hold off making any judgment until I have more to base one on.



    Perhaps YOU might begin a thread based on the topic "How the rising debt affects the average person" or "The rising debt has no affect on the average person", whichever you feel the case is. There are already too many threads with posts irrelevant to the topic by which they are titled.
     
  25. Econ4Every1

    Econ4Every1 Well-Known Member

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    I know when the fiscal year begins. The numbers I cited are for Oct-June, thus the numbers I cited are comparable to the numbers you cited, you you are right, the numbers are for 1999-2000, I wasn't thinking about the fact that Bush took office in 2001.

    LOL..you may want to check that again. The debt did not increase $17+ trillion dollars. The entire debt at the time was under $6 trillion (without looking up the actual number).

    Fair enough

    I might.
     
    Last edited: Jul 4, 2017

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