U.S. Deficit Explodes Even As Economy Grows

[pknopp]

G500(MAC) suggests there is $1.5T laying around to confiscate without killing the already fragile economy.

Where is it? Our savings? Corporate? The “Rich”?
if it’s so easy, we are in year 11 of Obiden. Yet they do nothing? Trump policy increased revenue legitimately not only thru inflation.

Revenue increased because of the billions and billions and billions the Fed was pumping and the billions in debt.

That can't last forever.

 

[leftwinger]

Dummy, there are only about 5 million hotel rooms in United States. What you are posting is half-baked bullshit.

US hotel room count by chain scale segment 2020 | Statista

As of December 31, 2020, the lodging industry in the United States consisted of roughly 5.29 million hotel rooms, 21.4 percent of which belonged to the upper midscale segment.

www.statista.com

OK. I guess living is free? Where? FEMA trailers? Tents? Where do10million go to?
If living space exists then why do we have so many homeless in all the big cities eh?

 

[leftwinger]

Revenue increased because of the billions and billions and billions the Fed was pumping and the billions in debt.

That can't last forever.

LFPR rate was up compared to now. That helps grow revenue, SS and Medicare funds too. Before they launched Fauchi flu to create another crisis.

 

[pknopp]

LFPR rate was up compared to now. That helps grow revenue, SS and Medicare funds too. Before they launched Fauchi flu to create another crisis.

Covid happened under Trump. If things were so great we wouldn't have still been pumping billions and billions and ran on billions of debt.

 

[AntonToo]

OK. I guess living is free? Where? FEMA trailers? Tents? Where do10million go to?
If living space exists then why do we have so many homeless in all the big cities eh?

10 million is just another bullshit number in your head, it has nothing to do with reality.

 

[leftwinger]

10 million is just another bullshit number in your head, it has nothing to do with reality.

~2.4million per year they know of + the unknown entry. You got a number better than mine? Doubtful.

 

[leftwinger]

Note: it seems increasing GOVT revenue thru inflation does no good for GOVT operating expenses as the costs rise with inflation….duh. Eat that up, anthony.

Cut Spending, the 25 year old battle cry going unanswered.

 

[Lastamender]

Dummy, there are only about 5 million hotel rooms in United States. What you are posting is half-baked bullshit.

US hotel room count by chain scale segment 2020 | Statista

As of December 31, 2020, the lodging industry in the United States consisted of roughly 5.29 million hotel rooms, 21.4 percent of which belonged to the upper midscale segment.

www.statista.com

The illegals have not put a dent in it?

 

[1srelluc]

I watched The Big Short the other evening.....History might not repeat but it sure does rhyme.



What are they covering up for the next big collapse?

 

[AntonToo]

~2.4million per year they know of + the unknown entry. You got a number better than mine? Doubtful.

Yep, just like that 10 million turns into 2.4.

Where do any of of these numbers come from? Who fucking knows, no sources, nothing.

 

[Mac1958]

E pluribus unum Gimme gimme gimme, and make that guy over there pay for it.

They're simply doing what our "system" (ha) incentivizes and rewards them for doing.

Their only priority is raising money and getting re-elected. This is the easiest way to do that. There is something about that job the attracts certain people so much that they'll do absolutely anything to keep it, including selling out their own country.

As long as that's the motivation, they'll damn sure keep doing it.

 

[BrokeLoser]

Our support of Ukraine is the only thing giving us a return on our investment, and has nothing to do with TWO TRILLION DOLLARS of deficit.

hahaha….HOLD THE FUCK ON…..so the Russia / Ukraine war has an upside for America? ARE YOU FUCKING SERIOUS?

We give away one and a half trillion dollars in tax expenditure government gifts every year. No one ever talks about that.

hahahaha…HOLD THE FUCK ON…..so allowing citizens to keep more of what they earn is a “gift from government”?

Dude, do you see why you can’t be taken seriously? You bitch about productive folks keeping their earnings but you never ever bitch about productive folks being forced to fund Mexico’s filth.
WTF…is wrong with your brain?

 

[g5000]

hahaha….HOLD THE FUCK ON…..so the Russia / Ukraine war has an upside for America? ARE YOU FUCKING SERIOUS?

Putin is being weakened. He is exposed as a paper tiger. His days of invading other countries at will are over.

So, yeah. Worth every penny.

hahahaha…HOLD THE FUCK ON…..so allowing citizens to keep more of what they earn is a “gift from government”?

This is the hoax you have been fed. But every dollar you deduct is a dollar that has to be taken from another taxpayer or borrowed from China.

You are just as much a government titty-sucking thief as someone on food stamps.

Even moreso.

 

[g5000]

They're simply doing what our "system" (ha) incentivizes and rewards them for doing.

Their only priority is raising money and getting re-elected. This is the easiest way to do that. There is something about that job the attracts certain people so much that they'll do absolutely anything to keep it, including selling out their own country.

As long as that's the motivation, they'll damn sure keep doing it.

We get the politicians we deserve.

 

[jackflash]

While partisan propagandists has us all at each others' throats over guns, abortions, trannies, and gas stoves, both parties are driving our country at full speed toward fiscal destruction.

Somehow, the GOP has convinced the rubes they are the party of fiscal responsibility, despite doubling our deficits and debt whenever they get full power.

The Democrats have convinced the rubes they need to spend more money on free puppies for hookers.

It's time for all of us to start holding our politicians accountable for this insanity. This is not a Right or Left thing. This is a threat to ALL of us EQUALLY.

Don't be distracted by shiny objects.

https://www.washingtonpost.com/business/2023/09/03/us-debt-deficit-rises-interest-rate/

The federal deficit is projected to roughly double this year, as bigger interest payments and lower tax receipts widen the nation’s spending imbalance despite robust overall economic growth.

After the government’s record spending in 2020 and 2021 to combat the impact of covid-19, the deficit dropped by the greatest amount ever in 2022, falling from close to $3 trillion to roughly $1 trillion. But rather than continue to fall to its pre-pandemic levels, the deficit then shot upward. Budget experts now project that it will probably rise to about $2 trillion for the fiscal year that ends Sept. 30, according to the Committee for a Responsible Federal Budget, a nonpartisan group that advocates for lower deficits. (These numbers ignore President Biden’s $400 billion student debt cancellation policy, which was struck down by the Supreme Court this year and never took effect.)

[snip]


The higher deficit may undermine Biden’s attempts to take credit for reining in the budget ahead of the 2024 presidential election. And it could pose a challenge to Republican lawmakers, who — despite their calls for fiscal responsibility — are pushing to extend more than $3 trillion in tax cuts they approved in 2017.

The DNC/RNC are currently sleeping in the same bed together.

 

[22lcidw]

Covid happened under Trump. If things were so great we wouldn't have still been pumping billions and billions and ran on billions of debt.

COVID is a biological agent purposely released to mute the economy of the United States. And it did. It is fair to say that Trump did not understand all of it. Or knew enough that his life may have been in danger. To watch Fauci change his statements on what to do every time on TV was sickening. Joe said he knew solutions for COVID. And yet we see more variations pushed as the next election is coming. People are living in fear because we depend on government pensions, social security, welfare, medical benefits, and all other kinds of help that they cannot control. and someone else does. So, it is easy to convince them with propaganda to move in a voting direction for the powerful.

 

[gipper]

While partisan propagandists has us all at each others' throats over guns, abortions, trannies, and gas stoves, both parties are driving our country at full speed toward fiscal destruction.

Somehow, the GOP has convinced the rubes they are the party of fiscal responsibility, despite doubling our deficits and debt whenever they get full power.

The Democrats have convinced the rubes they need to spend more money on free puppies for hookers.

It's time for all of us to start holding our politicians accountable for this insanity. This is not a Right or Left thing. This is a threat to ALL of us EQUALLY.

Don't be distracted by shiny objects.

https://www.washingtonpost.com/business/2023/09/03/us-debt-deficit-rises-interest-rate/

The federal deficit is projected to roughly double this year, as bigger interest payments and lower tax receipts widen the nation’s spending imbalance despite robust overall economic growth.

After the government’s record spending in 2020 and 2021 to combat the impact of covid-19, the deficit dropped by the greatest amount ever in 2022, falling from close to $3 trillion to roughly $1 trillion. But rather than continue to fall to its pre-pandemic levels, the deficit then shot upward. Budget experts now project that it will probably rise to about $2 trillion for the fiscal year that ends Sept. 30, according to the Committee for a Responsible Federal Budget, a nonpartisan group that advocates for lower deficits. (These numbers ignore President Biden’s $400 billion student debt cancellation policy, which was struck down by the Supreme Court this year and never took effect.)

[snip]


The higher deficit may undermine Biden’s attempts to take credit for reining in the budget ahead of the 2024 presidential election. And it could pose a challenge to Republican lawmakers, who — despite their calls for fiscal responsibility — are pushing to extend more than $3 trillion in tax cuts they approved in 2017.

It’s too late.

 

[eagle1462010]

Anyone who believes it can repaid at this point is a Fool. Neither side of the Isle cares as they know it will go to a global reset.

And hell will follow with it so the masses will beg them for acsandwich.

 

[gipper]

Putin is being weakened. He is exposed as a paper tiger. His days of invading other countries at will are over.

So, yeah. Worth every penny.



This is the hoax you have been fed. But every dollar you deduct is a dollar that has to be taken from another taxpayer or borrowed from China.

You are just as much a government titty-sucking thief as someone on food stamps.

Even moreso.

Except it’s very likely Putin and Russia are being strengthened.

ps. Why do you think harming Russia is in the interests of the American people? Did corporate tv tell you that?

 

[pknopp]

COVID is a biological agent purposely released to mute the economy of the United States. And it did. It is fair to say that Trump did not understand all of it. Or knew enough that his life may have been in danger. To watch Fauci change his statements on what to do every time on TV was sickening. Joe said he knew solutions for COVID. And yet we see more variations pushed as the next election is coming. People are living in fear because we depend on government pensions, social security, welfare, medical benefits, and all other kinds of help that they cannot control. and someone else does. So, it is easy to convince them with propaganda to move in a voting direction for the powerful.

If you say so.