2025 Deficit comes in at 1.97 Trillion. This Is Way Out of Hand

[CrazyTrader55]

And rising, because of Trump's hyperinflationary policies.

We are flirting with stagflation, which is no bueno.

And all of it is from unforced errors.

Trump?

How about BIDEN and his war on fossil fuels and his LOCKDOWNS that disrupted supply chains, 5 years ago, and his open border with 8 million or so illegals let in.

How about his green new deal?

Wake up.

 

[HikerGuy83]

This is a bump for this as Trump is slowing the deficit, but it's still growing way way way to fast.

And if another COVID hit, no way we shut down. We simply cannot afford it.

When SS runs out in 2033, they'll make it up in the deficit....about 800 billion. MORE

 

[g5000]

This is a bump for this as Trump is slowing the deficit, but it's still growing way way way to fast.

And if another COVID hit, no way we shut down. We simply cannot afford it.

When SS runs out in 2033, they'll make it up in the deficit....about 800 billion. MORE

The simple solution to Social Security is to raise the eligibility age to 70, and index it to 9 percent of the population going forward.

We are living longer than our ancestors. We should be working longer.

Common sense.

When Social Security was enacted, only 5.4 percent of the population was over the age of 65.

When Medicare was added to entitlements, 9 percent of the population was over 65.

Today, 16 percent are over the age of 65. That's more than the entire population of Canada.

A larger and larger proportion of the population is being supported by a smaller and smaller proportion.

This is such an obviously unsustainable trend, and the solution is also obvious, but our politicians are too chickenshit to do it.

 

[g5000]

In 1982, Congress and Reagan raised the Social Security age to 67.

Except that was not to take effect for FORTY YEARS after most of the cowards were dead.

Life expectancy in 1982 was 73.7 years.

Life expectancy today is 79 years.

So while the cowards added only two years in 1982, life expectancy has risen more than 5 years since then.

 

[ColonelAngus]

I do not think Trump should approve any deficit spending.

Veto and make Congress override.

 

[HikerGuy83]

I would be O.K. with raising taxes if Congress would agree to live in trailer homes and take a huge pay cut.

 

[leftwinger]

CrazyTrader55 CrazyTrader55

The simple solution to Social Security is to raise the eligibility age to 70, and index it to 9 percent of the population going forward.

We are living longer than our ancestors. We should be working longer.

Common sense.

When Social Security was enacted, only 5.4 percent of the population was over the age of 65.

When Medicare was added to entitlements, 9 percent of the population was over 65.

Today, 16 percent are over the age of 65. That's more than the entire population of Canada.

A larger and larger proportion of the population is being supported by a smaller and smaller proportion.

This is such an obviously unsustainable trend, and the solution is also obvious, but our politicians are too chickenshit to do it.

Not your call. Many occupations nearly kill a person by age 62 or even 59. Nice of you to chirp the Deep State party story (the ones missing $29T since your muslim plant). Pound sand ******.//

 

[g5000]

I do not think Trump should approve any deficit spending.

Um...retard?

Trump submits budgets with massive deficits.

Read the first sentence of my OP and thank you for validating it!

 

[g5000]

Trump proposes record spending, trillion-dollar deficit​

​

White House asks for record-breaking $1.5 trillion for defense in new budget request​

​

This is a bump for this as Trump is slowing the deficit

 

[g5000]

CrazyTrader55 CrazyTrader55



Not your call. Many occupations nearly kill a person by age 62 or even 59. Nice of you to chirp the Deep State party story (the ones missing $29T since your muslim plant). Pound sand ******.//

The average life expectancy when Social Security was enacted was 60 years old.

Social Security was intended for those who beat the actuarials.

And many occupations back then killed MOST people before 62.

So your complaints fall completely flat, entitlement boi.

 

[task0778]

I would be O.K. with raising taxes if Congress would agree to live in trailer homes and take a huge pay cut.

There is no point in raising taxes until Congress agrees to a balanced budget amendment. Giving more revenue to the gov't is like giving a drunk another bottle of booze.

 

[g5000]

.
Trump's defense bill would spend more than all other nations' defense spending COMBINED.

.

 

[g5000]

There is no point in raising taxes until Congress agrees to a balanced budget amendment. Giving more revenue to the gov't is like giving a drunk another bottle of booze.

The budget can be balanced in a single stroke by banning all tax expenditures, with the possible exception of the EITC (which is proven to increase productivity).

Then everyone earning identical incomes would pay identical taxes, and special interests would no longer fill our politicians' campaign coffers with billions of dollars in bribes to keep those tax expenditures alive.

What do you know? A level playing field and instant campaign finance reform the right way!


But you are all kept dumb and blind to this actual corruption and this actual solution. A lot of time and energy is spent misdirecting you away from this.

 

[leftwinger]

The average life expectancy when Social Security was enacted was 60 years old.

Social Security was intended for those who beat the actuarials.

And many occupations back then killed MOST people before 62.

So your complaints fall completely flat, entitlement boi.

The people you voted in (mostly ours) stole all the funds or it would have been self sustaining.

Forgive us we no longer listen to your BS. If a trucker needs out at 62 or 59 then so be it. Bad hips, headaches, eyes shot, cant secure loads? You want a 70 yr old delivering cars to ND in FEB? Pinching up or removing those come-alongs.

Get out of here Deep State Chuck. Asians get out early if they want to. They respect the elderly not abuse them for your Fraud.

Climb off the real Americans dammmmeeeettt you. Put your inner city bums to work.

 

[leftwinger]

The budget can be balanced in a single stroke by banning all tax expenditures, with the possible exception of the EITC (which is proven to increase productivity).

Then everyone earning identical incomes would pay identical taxes, and special interests would no longer fill our politicians' campaign coffers with billions of dollars in bribes to keep those tax expenditures alive.

What do you know? A level playing field and instant campaign finance reform the right way!


But you are all kept dumb and blind to this actual corruption and this actual solution. A lot of time and energy is spent misdirecting you away from this.

Uh, not that easy. I looked over your list, Schumer. I replied to you over there.

 

[HikerGuy83]

There is no point in raising taxes until Congress agrees to a balanced budget amendment. Giving more revenue to the gov't is like giving a drunk another bottle of booze.

I agree.

We should take the debt and roll it up into a loan. Then hand it over to a third party to manage.

Congress would have a balanced budget requirement, payment of interest and payment of principle.

 

[Concerned American]

There is no point in raising taxes until Congress agrees to a balanced budget amendment. Giving more revenue to the gov't is like giving a drunk another bottle of booze.

I like the thought, but as Newsom and the CA democrats have proved, a balanced budget amendment is smoke and mirrors. CA has a balanced budget amendment that was passed in 2004. They currently have an 18 billion dollar deficit. So much for that amendment. They need to put teeth in it---something like 'if expenditures exceed revenue and the difference isn't made up with current revenue. The executive should immediately be removed from office and a special election held.

 

[Billiejeens]

This level of concern over our debt is way over reaction.

It's never going to be the problem that some want it to be.

 

[g5000]

Uh, not that easy.

Eliminating tax expenditures is not easy only because incumbents don't want their cash cow taken away. That's how they are able to be re-elected 98 percent of the time they run for re-election.

That's it. The only reason.

But it would be very simple.

Big difference.

 

[leftwinger]

CA has a requirement 75% of reveuebust go to schools. Hence the $500K administrators off the charts and tenured professors of the LGBTQ variety.

Thierry real debt is over $100B way back in 2018 if you add in all liabilities like pensions or other?