Deficit Higher Than This Time Last Year

[KissMy]

Trump's Corporate Tax Revenue is dropping 4 Times faster than his Tariff Revenue is projected to increase. Trump is still increasing Payroll & Income Tax Revenue from Workers.

The Deficit & Inflation Tax is still climbing against the poor.

 

[Twisted Gypsy Child]

It does not matter.

NOBODY is doing anything about the deficits. They are not talking about them, they are not decrying them. Our children are going to pay a dear price.

don't have children
if you did, give them to someone else.

 

[HikerGuy83]

Going to bump this one.

Looks like we might top 2 trillion this year.

I don't care if you blame it on Biden or Trump.

This is simply unsustainable and NOBODY is talking about it.

Am I wrong in my assessment that nobody seems to care?

 

[HikerGuy83]

Do people really care that their children and grandchildren are going to be hurt by this.

Our deficit right now is 1.6 trillion. About 100 billion more than last year.

Our interested on our DEBT is over 1 TRILLION. That is more than half of what we see here (and since fiscal is almost over, you expect that the interest is over 900 billion).

What a mess.

 

[JWBooth]

I don’t understand how anyone, who pays attention, would think that there would be any other outcome.
The BBB was an extension of Bidet’s spending program with additional Trump priorities tacked on.

 

[leftwinger]

Yes, I know how this works. I also know that Trump can do some serious damage to the budget if he worked at it.

No he can't. Congress is the issue. Hard to get them to even defund obvious fraud. It's shutdown, compromise, beg and finally say enough. We have to take that last proposal. This is going nowhere.

YU DUMB OXYEN!

 

[HikerGuy83]

YU DUMB OXYEN!

I don't call others in my camp names. And there is no justification for this.

Trump didn't do crap for deficits in his first term. They went up every year until COVID...but then that was a special situation.

No he can't. Congress is the issue.

Yes, he can.

1. He can hammer congress......shutdown the government if no debt reduction....period.
2. He can keep the public informed.
3. He can make some pretty good proposals that they can chose to follow or not follow.

He's a great salesman.

You bet there are things he can do.

I am not so sure he cares either.

 

[leftwinger]

If the War Department`s budget is untouchable, talking about debt reduction is a waste of time.

BS. DOGE found over $200B waste in 6 mo. At least this regime is trying. It would be 2X worse if Congress was left to run wild like 12 years under Obiden.

This Trump term is not over. There is hope for some sanity ahead. You chirp now about ten years out as you giggle paying for non-existent landlines or $10million unused windows 98 license YU DUMB TROLLING PARROTING OXYEN BOARD STAIN all of you.

 

[leftwinger]

I don't call others in my camp names. And there is no justification for this.

Trump didn't do crap for deficits in his first term. They went up every year until COVID...but then that was a special situation.

Yes, he can.

1. He can hammer congress......shutdown the government if no debt reduction....period.
2. He can keep the public informed.
3. He can make some pretty good proposals that they can chose to follow or not follow.

He's a great salesman.

You bet there are things he can do.

I am not so sure he cares either.

He had the longest shutdown in history the first term, learning you can barely work with this system. The whole deep state is against him and America (flu, rissian BS etc.).

He is not OK with this wasteful spending as are WE/ME not OK. DOGE should have been done by Congress on-going to 08' they do nothing ubitil forced. Then too slow.

Interest rate cuts will cut interest costs. But with all the deep state judging numbers for Obiden 12 yrs they don't know what to do when?

Congress is the issue.

 

[HikerGuy83]

He had the longest shutdown in history the first term, learning you can barely work with this system. The whole deep state is against him and America (flu, rissian BS etc.).

Totally agree......

And the constitution allowed many states to stay open.

Congress was demanding a huge bailout that was NOT NECESSARY.

He is not OK with this wasteful spending as are WE/ME not OK. DOGE should have been done by Congress on-going to 08' they do nothing ubitil forced. Then too slow.

Again....agreed. But he did set up DOGE. That was a good thing. Putting Musk in there killed a lot of it's potential.

Interest rate cuts will cut interest costs. But with all the deep state judging numbers for Obiden 12 yrs they don't know what to do when?

Can you please clarrify?

Congress is the issue.

Not arguing.

Congressional spending is the issue.

 

[leftwinger]

Totally agree......

And the constitution allowed many states to stay open.

Congress was demanding a huge bailout that was NOT NECESSARY.

Again....agreed. But he did set up DOGE. That was a good thing. Putting Musk in there killed a lot of it's potential.

Can you please clarrify?


Not arguing.

Congressional spending is the issue.

KZYR and others have posted $1T now is baked into budget in interest costs.

Rate reduction(s) by the FED can drop this quickly by 1/2 or 1/3. Note, they also left rates low (zero for Obiden 1.0) for deep state Pres but not for Trump? Causing things to look better or worse as they wish.

Also killing housing at higher interest.

 

[HikerGuy83]

KZYR and others have posted $1T now is baked into budget in interest costs.

Rate reduction(s) by the FED can drop this quickly by 1/2 or 1/3. Note, they also left rates low (zero for Obiden 1.0) for deep state Pres but not for Trump? Causing things to look better or worse as they wish.

Also killing housing at higher interest.

Yes, I am one of the others.

And a reduction in interest does slow down the deficit.

We need the deficit to go away so we can start paying off the debt which is currently at about 38 trillion (most of that in the last 20 years).

I truly detest GWB.

 

[Natural Citizen]

I don’t understand how anyone, who pays attention, would think that there would be any other outcome.
The BBB was an extension of Bidet’s spending program with additional Trump priorities tacked on.

eeeyep.

Effectivey just one big continuing resolution with more spending tacked on.

I mean it's right there for anyone to see, all one has to do is look.

 

[HikerGuy83]

You don't even know that we are still under a Biden budget? Trumps first budget doesn't start until Oct 1, 2025.

I will contend that Trump can be doing more. It would all be hypothetical, but given his track record from his first term, it's a good guess.

BTW: I voted for him 3 times and I'd do it again if he could run. I still wish he'd keep his mouth shut.

 

[Natural Citizen]

Trump is a bigger Keynesian than most historically.

Likely due to his busines background.

They've all been Keynesians, to be clear.

But he's really Keynesian. Like...tie a red towel around your neck and run around around the house like some kind of Super Keynesian or something.

 

[JWBooth]

Trump is a bigger Keynesian than most historically.

Likely due to his busines background.

They've all been Keynesians, to be clear.

But he's really Keynesian...

To the extent that interest rates can never be low enough, encouraging mal investment out the wazoo

 

[Natural Citizen]

To the extent that interest rates can never be low enough, encouraging mal investment out the wazoo

Yep. I've explained this before around here. As I'm sure some others who understand have also.

Nobody takes it seriously.

But this is the reality of outcome.

The whole artificially lowering of interest rates only encourages people...as well as government...to go deeper into debt with all of that cheap currency.

And so then they end up just printing more of it, destroying what little purchasing power that there is left.

The economics institutions have taught and encouraged this failed economic theory and monetary policy for decades.

That's the root problem because the so-called ''expert economists'' who everybody listens to are products of that.

 

[HikerGuy83]

Yep. I've explained this before around here. As I'm sure some others who understand have also.

Nobody takes it seriously.

But this is the reality of outcome.

The whole artificially lowering of interest rates only encourages people...as well as government...to go deeper into debt with all of that cheap currency.

And so then they end up just printing more of it, destroying what little purchasing power that there is left.

The economics institutions have taught and encouraged this failed economic theory and monetary policy for decades.

That's the root problem because the so-called ''expert economists'' who everybody listens to are products of that.

Thanks for that.

But I am still amazed that we are not talking about it.

You have the Sanders MMT crowd that just wants to print money like it's going out of style.

I don't believe you can do that.

But, again, nobody is talking about any of this.

We are drowning in debt.

 

[Natural Citizen]

Thanks for that.

But I am still amazed that we are not talking about it.

You have the Sanders MMT crowd that just wants to print money like it's going out of style.

I don't believe you can do that.

But, again, nobody is talking about any of this.

We are drowning in debt.

Well. Ultimately the market itself will be the decider.

The ''experts'' whose economic theory model has brought the country to this point will have no say in the matter.

The market itself always decides in the end.

And there will be pain for the uninitiated.

Is what it is.

Until it's understood, talking about it is effectively useless if everyobdy's just gonna go with what the so-called ''experts'' wthout actually thnking things through all the way.

I myself have pretty much become indifferent to any expectation.

Eventually people will figure out that it's all been a lie. Unfortunately, they're gonna have to learn ithat the hard way.

 

[Dekster]

Do people really care that their children and grandchildren are going to be hurt by this.

Our deficit right now is 1.6 trillion. About 100 billion more than last year.

Our interested on our DEBT is over 1 TRILLION. That is more than half of what we see here (and since fiscal is almost over, you expect that the interest is over 900 billion).

What a mess.

Come on man, one day my great grandchildren will be MILLIONAIRES!!!!! Their school lunch might cost $5K a week but who cares.