U.S. Budget Deficit Widens 11.8% in First Quarter of Fiscal Year

Discussion in 'Budget & Taxes' started by Giftedone, Feb 10, 2020.

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Does Trumps massive spending make him an even bigger Socialist than Obama ?

  1. Yes - Society is on the hook for all this spending and wealth redistribution is socialism

    4 vote(s)
    57.1%
  2. No - Military and other programs that I like are funded by Santa Clause and not Taxes.

    3 vote(s)
    42.9%
  1. Bluesguy

    Bluesguy Well-Known Member Donor

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    And I responded to your question.

    Your turn

    What do you think we can cut and explain why you think we can?
     
  2. cd8ed

    cd8ed Well-Known Member Past Donor

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    That in no way answers the question.

    I am not asking about the house or what they did or didn’t do
    I am not asking about the senate or what they did or didn’t do

    I am asking “Why did trump not push the above items on his initial budget?”
     
  3. cd8ed

    cd8ed Well-Known Member Past Donor

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    Start with the areas that trump outlined in his 2021 budget posed by @Ddyad , I like all of that — cut an equal percentage of the military budget. Audit the pentagon, cut areas that cannot be justified. Those items alone are likely several hundred billion.

    Would put us off to a good start and would impact very few people.

    Then we can address the single largest outlier in our economy — healthcare.
     
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  4. Bluesguy

    Bluesguy Well-Known Member Donor

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    With the current state of readiness and age of our weapons systems what would you cut from defense and why? Defense is not the equal of all other spending priorities.
     
  5. Promise Hero

    Promise Hero Banned

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    B.S. If the House came up with a deficit spending bill that promoted their spending priorities if would be DOA and you know it.
     
    Last edited: Feb 12, 2020
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  6. 61falcon

    61falcon Well-Known Member

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    If interest rates tick up we are going to be in deep **** just paying the interest on the national debt.
     
  7. cd8ed

    cd8ed Well-Known Member Past Donor

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    Just the amount of funds that cannot be accounted for is in the trillions of dollars, waste and fraud are two other huge issues.

    Why is it that all other areas of government including some that will have massive impacts on the citizenry need to buckle down but not the military?
     
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  8. Bluesguy

    Bluesguy Well-Known Member Donor

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    Well get the Chinese and the Russians and NK to stop increasing their forces and their footprints and slowdown their technology advances and convince the terrorist in the ME to stop threatening that region and the rest of the world and then we can talk. Defense and national security remain the federal governments HIGHEST priority spending, dollars go there first and to everything else after.
     
  9. cd8ed

    cd8ed Well-Known Member Past Donor

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    I don’t care what happens in the ME, don’t care what China or Russia do.
    It is absurd that overspending on the military is your highest priority but explains your overall agenda and narrative.

    We have a military that spends more than both of them combined. Plus we have nuclear deterrents.

    I noticed you didn’t even address the fraud, waste and outright lost funds of the pentagon — funny that we can just throw money at the them but even trying to enact programs that care for our citizens is too much to ask.
     
    Last edited: Feb 12, 2020
  10. Ddyad

    Ddyad Well-Known Member

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    LOL! Of course, the RP Senate would stop it. But note that the DP House bosses have never challenged the Senate to reject a deficit cutting budget - ever wonder why?
    As Mongkut may have said, 'such a puzzlement!' ;-)
     
  11. mdrobster

    mdrobster Well-Known Member

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    You didn't answer other than some vague reference, and I have no idea why you are changing the subject.

    If you don't have anything to add, end it.
     
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  12. rahl

    rahl Banned

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    what china, Russia, NK or the middle east does is not our business, and we have no constitutional authority to intervene. If we cut our budget in half, we would still spend more than any of the countries you listed on defense.
     
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  13. Ddyad

    Ddyad Well-Known Member

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    I have been rather clear about the limited ability of a president battling a criminal plot to first rig and then nullify his election to make the Deep State cut the size power of its precious thing - our Big Bad Government.

    OTOH, the House alone can cut spending whenever it likes. Neither the President nor the RP Senate can check the power of the House to withhold revenue.

    “All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with amendments as on other Bills.”
    — U.S. Constitution, Article I, section 7, clause 1

    “No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.”
    — U.S. Constitution, Article I, section 9, clause 7
    THE POWER OF THE PURSE
    https://history.house.gov/Institution/Origins-Development/Power-of-the-Purse/

    Whenever Big Government exists in the USA, the House will always ultimately be responsible.
     
  14. Bluesguy

    Bluesguy Well-Known Member Donor

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    Not spending it.
     
  15. cd8ed

    cd8ed Well-Known Member Past Donor

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    That in no way answers the question.

    I am not asking about the house or what they did or didn’t do
    I am not asking about the senate or what they did or didn’t do

    I am asking “Why did trump not push the above items on his initial budget?”

    I will just keep posting the above, if you don’t feel like answering or are unable due to it damaging your preconceived narrative — feel free to not respond.
     
  16. Promise Hero

    Promise Hero Banned

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    It's not so simple. One problem is the enormous tax cuts that we didn't need because the economy was in good shape without them.
     
  17. Ddyad

    Ddyad Well-Known Member

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    Tax cuts always stimulate free enterprise, and it is always a mistake to transfer more revenue from the productive working class to Big Government. Free enterprise is inherently good.
    Government is at best a necessary evil.
     
  18. Ddyad

    Ddyad Well-Known Member

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    Asked and answered. Wanna read it again? :)

    "I have been rather clear about the limited ability of a president battling a criminal plot to first rig and then nullify his election to make the Deep State cut the size power of its precious thing - our Big Bad Government.
    OTOH, the House alone can cut spending whenever it likes. Neither the President nor the RP Senate can check the power of the House to withhold revenue.
    “All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with amendments as on other Bills.”
    — U.S. Constitution, Article I, section 7, clause 1
    “No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.”
    — U.S. Constitution, Article I, section 9, clause 7
    THE POWER OF THE PURSE
    https://history.house.gov/Institution/Origins-Development/Power-of-the-Purse/"

    I can understand why you do not want to discuss the role of The DP House. ;-)
     
  19. Promise Hero

    Promise Hero Banned

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    You're asking the wrong question as usual:
    https://www.washingtontimes.com/news/2017/mar/7/us-military-wasting-money/
    U.S. military wasting your money The Washington Times
    "Trump wants to boost defense budget, but Pentagon can't account for overspending

    The army’s bookkeeping problems are not new. For years, the Inspector General – the Defense Department’s official auditor – has inserted a disclaimer on all military annual reports. The accounting is so unreliable that “the basic financial statements may have undetected misstatements that are both material and pervasive.”

    Unreliable accounting. Pervasive, material “misstatements.” These are words that don’t inspire confidence.

    According to Jack Armstrong, a former Defense Inspector General official in charge of auditing the Army General Fund, the practice of cooking the army’s books was so widely accepted that some employees of the Defense Finance and Accounting Services (DFAS), which handles Defense Department accounting, referred to the task of preparing the Army’s year-end statements as “the grand plug.” “Plug” is accounting jargon for inserting made-up numbers.

    Waste at the Pentagon is nothing new, but it may have soared to new heights. Multiple financial scandals have emerged from U.S. involvement in Afghanistan, with ProPublica estimating the cost of wasteful and misguided expenditures to be $17 billion While imaginative bookkeeping takes place at the Department Of Defense, and wild spending goes on far away from home in Afghanistan…who’s simply minding the store?"
     
    Last edited: Feb 12, 2020
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  20. Ddyad

    Ddyad Well-Known Member

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    Waste and corruption are the hallmarks of government.
    Everyone, regardless of their politics, who does not profit from government waste an corruption would like to reduce waste an punish corruption. With respect to defense spending more bang for our bucks should be a high priority.
     
  21. Promise Hero

    Promise Hero Banned

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    You're in another universe. I never said anything about transferring revenue from the working class.
     
    Last edited: Feb 12, 2020
  22. Ddyad

    Ddyad Well-Known Member

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    That's not free enterprise. Read more Adam Smith. ;-)
     
  23. cd8ed

    cd8ed Well-Known Member Past Donor

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    You did not mention trump a single time, try again.

    That in no way answers the question.

    I am not asking about the house or what they did or didn’t do
    I am not asking about the senate or what they did or didn’t do

    I am asking “Why did trump not push the above items on his initial budget proposal?”

    I will just keep posting the above, if you don’t feel like answering or are unable due to it damaging your preconceived narrative — feel free to not respond.
     
    Last edited: Feb 12, 2020
  24. Promise Hero

    Promise Hero Banned

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    In the 50s a CEO made30 times as much as the average worker. And now a CEO makes 300 times more than the average worker. So you're saying there's no greed and corruption in the higher ranks.
     
    Last edited: Feb 12, 2020
  25. Promise Hero

    Promise Hero Banned

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    Lol but it happens in free enterprise so once again your response misses the mark entirely and displays ignorance.
     

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