U.S. Deficit Explodes Even As Economy Grows

[Independentthinker]

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.

And how do we hold them accountable? If you think that just voting for "other" will work, you are delusional.

 

[g5000]

And how do we hold them accountable? If you think that just voting for "other" will work, you are delusional.

There are almost always more than one candidate in a party's primary.

Start elevating men and women of honor. The ones who tell you what you don't want to hear. That is, the truth.

 

[Woodznutz]

And we have the best economy and inflation of any major country in the world. Always you're totally misinformed uninformed and baffled with BS. Damn channel

Well, I'm doing ok, so things must be fine.

 

[Woodznutz]

There are almost always more than one candidate in a party's primary.

Start elevating men and women of honor. The ones who tell you what you don't want to hear. That is, the truth.

Exactly the kind of people who will never be elected.

"Always do the right thing.
This will surprise the boss,
anger family and friends,
and confuse everyone else."

 

[my2¢]

Public won't give a hoot until the dollar losses much of its value and 20% inflation hits us like it did Italy back in 1980.

 

[francoHFW]

Well, I'm doing ok, so things must be fine.

Another Republican who can't see past the end of his nose and is OK with the country going to hell as long as he's alright What the heck is wrong with you people, I mean beside the election fraud vaccine global warming Biden Etcetera Etcetera fraud without evidence total BS?

 

[francoHFW]

Exactly the kind of people who will never be elected.

"Always do the right thing.
This will surprise the boss,
anger family and friends,
and confuse everyone else."

The Democrats have plenty of people with honor who want to improve things for the people, too bad the GOP voters have absolutely no clue and never have, Politically of course. Thanks for the corrupt depressions and the stupidest wars ever and now the worst garbage propaganda anti American garbage EVER.

 

[Woodznutz]

Another Republican who can't see past the end of his nose and is OK with the country going to hell as long as he's alright What the heck is wrong with you people, I mean beside the election fraud vaccine global warming Biden Etcetera Etcetera fraud without evidence total BS?

The people who aren't doing fine should find out how those who are doing fine do it.

 

[Woodznutz]

The Democrats have plenty of people with honor who want to improve things for the people, too bad the GOP voters have absolutely no clue and never have, Politically of course. Thanks for the corrupt depressions and the stupidest wars ever and now the worst garbage propaganda anti American garbage EVER.

The Democrat leadership should tell their voters to do the right things in their lives. This would help the country greatly.

Personally, I try to do the right things without being told.

 

[francoHFW]

The Democrat leadership should tell their voters to do the right things in their lives. This would help the country greatly.

Personally, I try to do the right things without being told.

There is no difference between the whites in the two parties as far as that goes. If you are talking about blacks you're racist... we have to tax the rich again after 40 years of GOP giveaway tax rates and invest in Americans again. Cheap college and training great infrastructure like every other modern country would be a nice change. We could also also try an actual mental health system instead of the world's biggest prison system, ten times as many prisoners per capita as anywhere else what a joke. End the war on drugs and get rid of garbage propaganda from the GOPOMG. The country is a GOP Mess and desperate for a Democratic landslide and real reform for the first time since LBJ. The exception is Obamacare,.. Which is actually the GOP plan and they still would not vote for it, Super Duper.

 

[francoHFW]

The people who aren't doing fine should find out how those who are doing fine do it.

They do it by already having money to be able to pay for our ridiculously expensive universities for one thing. There is lack of opportunity in all kinds of ways because there is not enough money being taxed on the rich and the rest of the people are screwed. Welcome to the GOP trickle down garbage society. You probably are brainwashed to believe it's caused by Biden LOL...

 

[Woodznutz]

There is no difference between the whites in the two parties as far as that goes. If you are talking about blacks you're racist... we have to tax the rich again after 40 years of GOP giveaway tax rates and invest in Americans again. Cheap college and training great infrastructure like every other modern country would be a nice change. We could also also try an actual mental health system instead of the world's biggest prison system, ten times as many prisoners per capita as anywhere else what a joke. End the war on drugs and get rid of garbage propaganda from the GOPOMG. The country is a GOP Mess and desperate for a Democratic landslide and real reform for the first time since LBJ. The exception is Obamacare,.. Which is actually the GOP plan and they still would not vote for it, Super Duper.

Everyone, including blacks, need to change their behaviors.

The rich pay most of the taxes now. Everyone should be paying some taxes.

Colleges should restrict entry to those who qualify scholastically, and can pay for it. Trades schools should have affordable tuition.

We need a mental health system that can legally lock up the mentally ill and get them off the street.

We need more prisons, not fewer, and longer sentences for offenders.

We need to fight the war on drugs the right way, by locking up the addicts in treatment centers.

The country is a Democrat mess as most of the problems are in Democrat run cities.

No government healthcare system can keep up with the worsening health of Americans.

 

[Woodznutz]

They do it by already having money to be able to pay for our ridiculously expensive universities for one thing. There is lack of opportunity in all kinds of ways because there is not enough money being taxed on the rich and the rest of the people are screwed. Welcome to the GOP trickle down garbage society. You probably are brainwashed to believe it's caused by Biden LOL...

The government has underwritten $Billions in student loans for college. We are awash in tax revenues, printed government money, and in college graduates. Today's youth aren't interested in work, they want a 'position' that leads to a 'career' where every need and desire is met by the company, where they can wear dressy casual clothing to work surrounded by people of mixed races and a variety of sexual and gender preferences and sit in front of a computer and not get their hands dirty.

 

[Hutch Starskey]

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.

When these expire it’s a good time to undo all the Trump cuts for corps as well.

2024’s hidden prize: The upper hand in tax ‘Armageddon’​

2024’s hidden prize: The upper hand in tax ‘Armageddon’

If either party can claim a full sweep of next year's elections, it would claim the power to unilaterally shape the code for millions of Americans.

www.politico.com

 

[francoHFW]

The government has underwritten $Billions in student loans for college. We are awash in tax revenues, printed government money, and in college graduates. Today's youth aren't interested in work, they want a 'position' that leads to a 'career' where every need and desire is met by the company, where they can wear dressy casual clothing to work surrounded by people of mixed races and a variety of sexual and gender preferences and sit in front of a computer and not get their hands dirty.

Everyone, including blacks, need to change their behaviors.

The rich pay most of the taxes now. Everyone should be paying some taxes.

Colleges should restrict entry to those who qualify scholastically, and can pay for it. Trades schools should have affordable tuition.

We need a mental health system that can legally lock up the mentally ill and get them off the street.

We need more prisons, not fewer, and longer sentences for offenders.

We need to fight the war on drugs the right way, by locking up the addicts in treatment centers.

The country is a Democrat mess as most of the problems are in Democrat run cities.

No government healthcare system can keep up with the worsening health of Americans.

The rich pay 80% of the taxes because they make 80% of the income DUHHH. We are the only country in the modern world without cheap college. When you let ghetto people know you're going to pay for their tuition, they end up all going to college. Funny Thing, racist Super Dupe.... We already have 10 times as many prisoners per capita as anywhere else costing like $40,000 a year each. It's cheaper to send them to college for God's sake. The GOP war on drugs is a ridiculous never ending disaster..... So we have the worst inequality poverty and homelessness by far anywhere in the modern world and you blame the victims, brainwashed functional moron. We also have the worst upward mobility by far which means the rich stay rich and the poor stay poor. Job, ignoramus. Politically of course

 

[Leviticus]

I wouldn't say the deficit is really exploding. It could definitely be lower, But it was higher under both trump and obama. Donald trump literally holds the record for the highest deficit of any sitting president at over three trillion.

1.5 trillion isn't good but morons who act like it's the worst in history have very short memory and attention spans.

 

[gipper]

When these expire it’s a good time to undo all the Trump cuts for corps as well.

2024’s hidden prize: The upper hand in tax ‘Armageddon’​

2024’s hidden prize: The upper hand in tax ‘Armageddon’

If either party can claim a full sweep of next year's elections, it would claim the power to unilaterally shape the code for millions of Americans.

www.politico.com

Along with the tax cuts W and O gave their 1% buddies.

 

[CowboyTed]

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.

Biden is trying to reign in the Trump spending increase/tax cut actions...

Biden has reduced spending considerably but the problem is some spending had to increase because the economy would suffer more if you cut everything. Example, infrastructure, if you have poor roads the economy suffers due to lack access to goods, US has historic bad investment in Public Transport... Education, Health care.... Cut these and your economy suffers and so does your ability to pay it back


By the way just to show you haw bad US public transport is:
Boston to Washington is 440 miles
To Drive takes 7hr 32m (Can't work)
Train takes 6hr 37m (Costs $250) (but good for work, can work on laptop take calls...)
Flight (flight time 1hr 38m (+ 2 hr to get to and checkin, 45m to get from airport back to city center) (this is all not contusive to work)

Paris to Marseille is 480 miles
To Drive takes 7hr 45m
Train takes 3hr 7m (Costs $73) (that us tomorrow at 7:17am)

That is a competitive advantage...

Paris to London is 2h 17m (290 miles)

There network isn't all there over Europe just yet but they are working on it... France is good

 

[Woodznutz]

The rich pay 80% of the taxes because they make 80% of the income DUHHH. We are the only country in the modern world without cheap college. When you let ghetto people know you're going to pay for their tuition, they end up all going to college. Funny Thing, racist Super Dupe.... We already have 10 times as many prisoners per capita as anywhere else costing like $40,000 a year each. It's cheaper to send them to college for God's sake. The GOP war on drugs is a ridiculous never ending disaster..... So we have the worst inequality poverty and homelessness by far anywhere in the modern world and you blame the victims, brainwashed functional moron. We also have the worst upward mobility by far which means the rich stay rich and the poor stay poor. Job, ignoramus. Politically of course

People generally choose the life they have. They could make better choices.

 

[my2¢]

U.S. Deficit Explodes Even As Economy Grows​

Sure it grows with the government funding the growth. I recall that as one of the Democrats' complaints with Reagan. Now when it is far more blatant, not a care in the world.