The deficit rose to $779 billion in fiscal year 2018, up 17% from last year, according to final figures released Monday by the Treasury Department.
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The deficit rose to $779 billion in fiscal year 2018, up 17% from last year, according to final figures released Monday by the Treasury Department.
#winningOriginally Posted by Guisslapp
FACT!
The funniest thing you've posted in years. Mueller is playing for his own life as well as his "Deep State" buddies and past president.
So let me see if I have your logic correct. Good news.. unemployment, economy, North Korea, Prisoner's freed... Obama and democrats laid foundation for all of this, Trump is benefiting. Bad things.. Trumps fault.. Did I get this correct?
Unemployment - here is the chart and you tell me:
http://www.msnbc.com/topics/unemployment-rate
North Korea - what are you talking about?
Prisoner’s Freed - great (Same with those that other presidents freed). Does he also get blame for citizens and residents killed by foreign countries on his watch? Or is this a credit only sort of deal?
Economy - that is a mixed bag sort of thing. He poured gas on a hot economy, so interest rates are now going up to slow inflation. And that gas was tax cuts, which are causing an exploding deficit.
So basically I'm correct in your logic process...
If you mean that I look at facts and use logic, yes.So basically I'm correct in your logic process...
Yeppers! the US is back on top for the first time since 2007. Thank you President Trump.
It's amazing we survived the 8 years of obummer. This is a great country with great people. We can/will survive just about anything, including 8 years of the absolute worst prez in history.
Of course now goosey will post: yes, and we'll survive the absolute worst POTUS in Trump too. And obummer was awesome! He's the real reason the US is doing so well now, not Trump. Blah, blah, blah...
Believe or not, I share your concern over this. We must reverse the accumulating debt. The only way to start paying down the debt is by running a surplus, not more deficits year to year. To do this, we must combine spending cuts with some revenue increases. That means some form of taxes and fees. The problem, for any POTUS, is getting Congress to actually cut spending. And that is NOT a party issue....BOTH parties are equally guilty of making spending cuts impossible, or nearly so.
If, big IF, we are ever able to run a surplus, and it can't be just for one fiscal year, and start reducing the debt, look out! Talk about an economic boom! We can't...and don't have to...reduce the debt overnight. That's not possible anyway. But, if we just start making some headway to pay down the debt, year over year, that will spur even more foreign investment in our economy.
But....good luck getting The Swamp to give up their power....the purse strings.
I’m afraid we’ve allowed ourselves to sink to a level of debt that we will never be able to climb out of. People will riot the day “entitlement” spending is decreased. I see a complete financial reset in our future, a reset that will result in a much lower standard of living for everyone, including the evil 1%.
We actually had budget surpluses from 1998 to 2001, so it is theoretically possible. But it doesn’t seem to be possible when Republicans control the executive and Legative branches.
Republicans can deliver tax cuts because that is politically easy and popular. But tax cuts that increase deficits (like the Trump tax cuts) could cost you your social security and Medicare.
Right! and a Republican president, and a GOP Congress inherited an $8 trillion debt in 2008 and by the time they were finished in 2016, the debt was $19 trillion! Terrible management by those Repubs for those 8 years. They accumulated more than twice as much debt in just 8 years, than all previous administrations in 230 years combined.
It's clearly that president and that Congress's fault. And they were Repubs....2008-2016.
It’s got nothing to do with which part is in power. It’s got to do with the DC establishment enriching themselves at the expense of the entire nation. The Republicans are as guilty as the Democrats. That’s why people like me say we had to have a complete outsider that wasn’t a part of the DC establishment to win the White House in 2016 if we were to have any hope at all. Even with President Trump draining the swamp, it may be too late.
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