The US needs to borrow almost $300 billion this week

Obama handed off an economy plunging toward zero:

 

You are just pissed off that in terms of the increase in the Federal Debt, that Trump not only spanked Obama's first year, Trump spanked Obama's LAST year. And he is off to a hell of a start beating the hell out of Obama's second year. We will likely find that Trump does everything better than Obama did.

 

I'll say it again for you. The federal budget opens Oct 1 and closes Sept 30. Looking at the debt during different parts of the year doesn't include all revenue and expenses.

From your own website:

Oct 1, 2014: 17,875,258,091,207.08
Sept 30, 2015: 18,150,617,666,484.33

18.1 trillion - 17.8 trillion = 4 billion

 

Clink the link and donate that $70 back to the US treasury, then.

https://www.pay.gov/public/form/start/23779454/

 

Dude .. your link is whacked. Fiscal 2009 ends in October 26.

 

I will as soon as you admit you were wrong about deficits and federal spending. Admit Trump had a higher deficit in 2017 than Obama did in 2016. Admit that the Trump admin is looking at an 800billion+ deficit for 2018.

 

First $17.876 rounds to $17.9T not $17.8T

Secondly, $18.1T - $17.8T = $300 Billion, not 4 Billion!

 

Dude. Obama signed the balance of the Fiscal year funding for 2009 and the Trillion Dollar Stimulus with Cash for Clunkers in February of 2009, because he was sworn in on Jan 19, 2009, Silly!

 

Why are you still harping on Obama ? I already explained the numbers to you.

1) 400 Billion baked into the cake
2) 600 Billion due to income decreasing from 2.7 Trillion down to 2.1 Trillion
3) Tarp and other stimulus spending made up the balance 250 Billion Bush enacted .. the other 150 Billion from Obama.

Which of the above are you debating ?

There stimulus was not a Trillion dollars. The AARA was 831 Billion and that was over a period of 10 years = 83 Billion on average per year.

Your claim that this was the amount of stimulus spending for 2009 is silliness.

 

You were the one virtue signalling about how you didn't want the tax cut because you were so "concerned" about the debt, I don't give a damn what you do.

The Federal debt increased more in Obama's first year than it did in Trump's first year, and it increased more in Obama's last year than it did in Trump's first year. Everything just got better once Trump became president.

I bet Trump whips the living hell out of Trump's second year too!

We'll see, on December 31. The year is still young.

Obama in his second year went from $12.29T to $14.03T so, $1.74T in 2010 dollars or, $1.99T in 2018 dollars.

Hopefully Trump beats Obama's second year, too!

 

I made no such claim. Maybe Bush is fine with you putting 2009 Porkulus spending in his column, they seem to be quite friendly with each other.



On a debt basis they were the two worst presidents in US history. We are counting on Trump to do MUCH better. So far, he is is deliverying!

 

That's not what virtue signaling means. Get a grip.

In reality where numbers actually mean something, the deficit was still higher in 2017 than it was in 2016. You can make up BS all day, it's not going to change.

 

Yes it is. You get all on your "I do't want the taxcut because the US Treasury needs it!" So, I show you were you can donate your taxcut to the US treasury, and suddenly you have no interest in donating it back. Figures. We are all wise to you guys. You fool no one.

 

You are setting up a straw man to justify your opinion. Virtue signaling implies that I was doing it out of some desire to express my morals or character. I think the tax cuts are foolish because of how economics works. Putting a couple thousand dollars in my pocket each year won't help me or the US as much as properly funding healthcare, education, social security, parks, roads, social services, etc., etc., etc. would. I also recognize that we are going to have to pay for those cuts sometime later. I don't care what you think of my personality, morals, or character.

 

They are largely paying for themselves and the balance we can cover by selling off Federal Property that is unneeded, under or un-utilized, especially those assets with annual upkeep costs.

 

Let's see some evidence for those claims. I think you're full of it.

 

Yes you did and I did not put any of Obama's stimulus into the Bush column ?

So far Trump is doing horribly. He has increased the debt by 600 billion in the first half of his first fiscal year.

 

When Trump was sworn in, the Federal debt was $19,947B
Today it is $21,060, an increase of $1,113B

When Obama was sworn in, debt was $10,627B
On 4/26/10 it had climbed $12,877 an increase of $2,611B (2018 dollars)

https://debttothepenny.com/

Trump is beating the tar out of Obama on bench mark after bench mark after bench mark. Even the inner cities are starting to take notice!

 

You keep repeating the same silly narrative even though you have been corrected numerous times. Look .. anyone can make a mistake - that is human. Repeating the same mistake over and over after one has been corrected is the mark of a fool.

The year that a President is sworn in is not the year of their first budget. The First Obama Budget year starts in October 2009 ... at which point the debt was 11.9 Trillion.

This is not some big secret - Why are you pretending otherwise ?

 

You don't give a damn about the Federal Debt, your nose is out of joint because hard working Americans are getting keep just a little more of their own money and you hate hard working Americans. You want more of their need being shipped to Government Workers who already have much better pay and benefits than the Median American Worker. You fool no one.

You prance about with your claims about how eager you are to forego your taxcut to help the debt, but when I show you were to you can donate your tax cut to the federal debt, you quickly back track. You fool no one.

The government has vast holdings of assets it does not need, it does not use and that have annual upkeep costs. If you fokks truly gave a damn about the Federal Debt you would be clamoring for these assets to be sold. But no, the only time we hear a peep out of you about the debt is when we finally get a little itty bitty taxcut. The first thing Democrats will do if they regain the majority is take our taxcut and then impeach Trump, because for the first time since 1860 we have failed to peacefully transition power, because Democrats refused to accept the results of the election, but when they win, they will demand that the election results are binding.

The government spends $1.7 billion a year on 770,000 empty buildings.



The Veterans Affairs Facility in Los Angeles is one of the underused sites. (Genaro Molina / Los Angeles Times)

The federal government spends more than $1.7 billion a year to maintain 770,000 empty buildings while other agencies are leasing or buying new space.

"This is something that hasn't been handled in Republican or Democrat administrations because it's too big of a bureaucracy," Denham (R-Turlock) said in an interview in his office. "There's no incentive for the agencies to sell."

"We have very little communication between agencies," Denham said. "We've seen agencies that will put out to bid huge pieces of property for the next big expansion, the next new thing that they need and only after it gets approved, then another agency goes 'Hey, wait a minute, we've got half of a building here.'"



The Los Angeles Federal Courthouse is cited as one of the underused buildings. (Wally Skalij / Los Angeles Times)

The Federal Government doesn't even know how much building space it owns that isn't in use:

The federal government has tried for decades to get a handle on its hundreds of thousands of office buildings, storage warehouses, courthouses, hospitals, parking garages and other structures. In California, the federal government owned more than 271 million square feet of property in fiscal 2014, according to the General Services Administration. How much of that property is not being used is not clear.

Denham's bill would require the administration's database to be public and include details about each property's specific location, maintenance costs and use, and why the property is needed.

He pointed to the Los Angeles Federal Courthouse and the Veterans Affairs Facility in Los Angeles as examples of underused buildings. "They need to have a long-term plan of what those vacancies are going to be used for and whether or not they can combine with]other agencies," Denham said.

Denham's earlier attempts were stymied by concerns that they would interfere with an existing requirement that before surplus federal property can be sold, regardless of type or condition, it must be offered to states, municipalities and nonprofit groups that provide services for homeless people.

A 2016 Congressional Research Service report found that could add months or years to the process.

"The way that GSA had defined this in the past, [a] homeless advocacy group could actually put a hold on any property that we were trying to sell. That created a disincentive for agencies actually trying to sell."

Since 1987, only 122 of 40,000 screened federal properties have been transferred to homeless advocacy groups under this process, according to a June 2015 report from the U.S. Government Accountability Office.

Denham said surplus federal properties should be available to house the homeless, but the process should be easier.

"When you've got a billion-dollar property, when you've got a heating plant in Georgetown, those are not properties that are going to be used for the homeless," Denham said.

Several lawmakers who previously opposed the measure over concerns that it would affect homeless advocacy groups' access to surplus property have signed on as co-sponsors, including Rep. Elijah Cummings (D-Md.), the ranking Democrat on the Oversight and Government Reform Committee.

http://www.latimes.com/politics/la-pol-ca-jeff-denham-government-property-bill-20160303-story.html

 

You are the one who doesn't care about the debt. You go around applauding Trump for his deficit and attacking Bush and Obama who both had lower deficits. It's remarkable. You are a phony and a hypocrites and you won't even acknowledge the facts that I and multiple other posters have laid out in front of you.

My willingness to donate money to the federal government has no impact on the fact that Trump has drastically increased spending and decreased revenues. This is going to exacerbate existing problems in the federal budget. The deficit and the debt will increase. They already have. Projections for FY2018 are over $800 billion. Almost double the deficit in FY2016.

Let's do something those some old buildings, sounds like a good plan. Unfortunately that's just a tiny drop in the ocean. You are talking about a $2.3 trillion tax cut. If we save the listed $1.7 billion a year it will take over 1300 years to make up the difference. That's not to say it's not a good idea. It's just not enough, not even close.

 

I don't virtue signal like you do. I recognise that there is no will in this country to tackle it, so we have to work to progress where progress is possible: growing GDP reducing the Trade Deficit and unloading all these unneeded Federal Assets, especially those with annual upkeep costs, Silly!

Bush and Obama are the worst back to back Presidents in terms of debt our country has ever seen.


The destruction of the US financial position that occurred in just 16 years under these two screw ups is the worst attack on our nation's financial future that we have ever endured. Bush was the worst, then Obama doubled him, my goodness, would Trump double it again?

Certainly not so far. Trump ran up less debt in his first year than Obama did, and in fact, ran up less debt than Obama did in his final year, so rather giving us a another doubling, Trump is bending the Debt Accumulation trend down. Thank goodness!

What's this? Unable to engage in reasoned debate you are going to stomp your pretty little boots and prance off?

Your virtue signalling aside, you are not willing to donate your tax cut to the US Treasuring after claiming you would prefer the money remained in the hands of Government workers, rather than being added to your take home pay.

Are generally horse ****.

We'll see when 2018 is over how much the debt increased. In Obama's second year it went up $1.99T (2018 dollars), I expect Trump will beat that, continuing to bend the Debt growth curve down.

That's just one study, and only of the annual upkeep costs, not to mention the lost opportunity costs, or the sales price. Beyond that, the US has a massive excess in the Strategic Petroleum Reserve that we no longer need and that also has annual upkeep costs, and the Federal Government owns a massive amount of the Western States that should be sold to private landowners. For a guy that never met a tax he didn't fall madly in love with, does it bother you at all that all these federal buildings and federal land are removed from the State tax base, or are you as happy monkey humping the States as you are the US taxpayer?

 

We can't have a reasoned debate because you won't accept basic facts. You have clearly buried your head in the sand and refuse to do anything other than spout nonsense, personal attacks, and ignorance.

I am not virtue signaling about anything. I don't need to explain that to you again do I?

I cited the study you linked. Show me a better one if it's out there.

I know you don't know anything about economics because of this. "growing GDP reducing the Trade Deficit" Those two things are literally mutually exclusive. It can not be done. If you spent some time learning about globalization and how modern economies and supply chains work you wouldn't spout such tripe nonsense.

This conversation is over. I'll let others who read these posts decide for themselves who they think is correct here.

 

You just want to pretend that Trump isn't beating Obama like a rented mule, when he clearly is.

I broke out the violin while I read your rhapsody on how eagerly you would give up your small tax-break for the good of the country and then watched you quickly start back stroking when you were given an opportunity to donate it to the treasury. You guys fool no one.

Sure we can, and they are related concepts.
GDP = C + G + I + NX
C = Consumption
G = Government Spending
I = Investment
NX = Net Exports.

Right now net exports is negative, so a subtraction from GDP, Silly!

Run and hide! Keep in mind that delivering this badly needed whippin' to you hurt me far more than it hurt you. Be assured that I delivered it with the heaviest of hearts.

Live long and prosper!

 

Crowley's a gonner!

"He's Out!": Establishment Democrats Rocked By Joe Crowley Primary Loss To Socialist Millennial

"Big Trump Hater Congressman Joe Crowley, who many expected was going to take Nancy Pelosi’s place, just LOST his primary election." -Donald Trump