Our National Deficit

[Rye Catcher]

All that we can know is that $3.5 trillion equals zero dollars, but only when democrats spend it.

Maybe you ought to consider how much 9.8 Billion spent between 2016 and 2020 benefited our country?

 

[PinktheFloyd88]

Why is less than 50% of the infrastructure Bill being spent on actual infrastructure

Its not

 

[jbrownson0831]

Its not

Yes, it is. And the elitist Dims wont pay anything for it, the working stiff real Americans will.

 

[Rye Catcher]

Yes, it is. And the elitist Dims wont pay anything for it, the working stiff real Americans will.

Your opinions are just that, and they are not probative. Either you have been brainwashed by far right propaganda many issues, or you promulgated/echo said propaganda.

 

[Rye Catcher]

It looks as if this thread has been highjacked from the get go. Facts and evidence are non existent in the posts of the "ain't it awful" set; those who believe every word tweeted in the past or spewed by the Former President Trump who lost in the election impacts him as it would in any narcissist.

Narcissistic personality disorder - Symptoms and causes

www.mayoclinic.org

Signs and symptoms of narcissistic personality disorder and the severity of symptoms vary. People with the disorder can:

• Have an exaggerated sense of self-importance
• Have a sense of entitlement and require constant, excessive admiration
• Expect to be recognized as superior even without achievements that warrant it
• Exaggerate achievements and talents
• Be preoccupied with fantasies about success, power, brilliance, beauty or the perfect mate
• Believe they are superior and can only associate with equally special people
• Monopolize conversations and belittle or look down on people they perceive as inferior
• Expect special favors and unquestioning compliance with their expectations
• Take advantage of others to get what they want
• Have an inability or unwillingness to recognize the needs and feelings of others
• Be envious of others and believe others envy them
• Behave in an arrogant or haughty manner, coming across as conceited, boastful and pretentious
• Insist on having the best of everything — for instance, the best car or office

At the same time, people with narcissistic personality disorder have trouble handling anything they perceive as criticism, and they can:

• Become impatient or angry when they don't receive special treatment
• Have significant interpersonal problems and easily feel slighted
• React with rage or contempt and try to belittle the other person to make themselves appear superior
• Have difficulty regulating emotions and behavior
• Experience major problems dealing with stress and adapting to change
• Feel depressed and moody because they fall short of perfection
• Have secret feelings of insecurity, shame, vulnerability and humiliation

 

[Stryder50]

Two items to remember;
1) The POTUS can recommend a Federal Budget, but Congress actually makes the budget and then the POTUS can either accept and sign-off, or decline and send back to Congress. Declining to accept and sign-off can result in a "government shutdown", which produces public negative feedback, and some economic repercussions. The last Budget Congress presented to Trump was way larger than he proposed/wanted, but under duress he signed-off on it.
...
Government shutdowns in the United States occur when there is a failure to enact funding legislation to finance the government for its next fiscal year or a temporary funding measure. Ever since a 1980 interpretation of the 1884 Antideficiency Act, a "lapse of appropriation" due to a political impasse on proposed appropriation bills requires that the US federal government curtail agency activities and services, close down non-essential operations, furlough non-essential workers, and only retain essential employees in departments covering the safety of human life or protection of property.[1] Voluntary services may only be accepted when required for the safety of life or property.[1] Shutdowns can also occur within and disrupt state, territorial, and local levels of government.

Since the enactment of the US government's current budget and appropriations process in 1976, there have been a total of 22 funding gaps in the federal budget, ten of which have led to federal employees being furloughed. Prior to 1980, funding gaps did not lead to government shutdowns, until Attorney General Benjamin Civiletti issued a legal opinion requiring the government to be shut down when a funding gap occurs.[2] This opinion was not consistently adhered to through the 1980s, but since 1990 all funding gaps lasting longer than a few hours have led to a shutdown.

Some of the most significant shutdowns in U.S. history have included the 21-day shutdown of 1995–1996 during the Bill Clinton administration over opposition to major spending cuts; the 16-day shutdown in 2013 during the Barack Obama administration caused by a dispute over implementation of the Affordable Care Act (ACA);[3] and the 35-day shutdown of 2018-2019 during the Donald Trump administration, the longest shutdown in US history,[4] caused by a dispute over the funding amount for an expansion of the U.S.–Mexico border barrier.[5][6]

Shutdowns cause the disruption of government services and programs, including the closure of national parks and institutions (in particular, due to shortages of federal employees). A major loss of government revenue comes from lost labor from furloughed employees who are still paid, as well as loss of fees that would have been paid during the shutdown. Shutdowns also cause a significant reduction in economic growth (depending on the length of the shutdown). During the 2013 shutdown, Standard & Poor's, the financial ratings agency, stated on October 16 that the shutdown had "to date taken $24 billion out of the economy", and "shaved at least 0.6 percent off annualized fourth-quarter 2013 GDP growth".[7]
...

Government shutdowns in the United States - Wikipedia ​

en.wikipedia.org



See also;

Government Shutdowns in 1995, 2013, 2018, and 2019 Explained​

Why the Government Shut Down and What Happens Next ​

A shutdown occurs when Congress can't agree on a budget. The longest U.S. shutdown began on Dec. 21, 2018. Learn details about previous times the government has shutdown.

www.thebalance.com



~~~~~~~~~~~~~~~~~~~
2) Federal Debt in dollars alone is not the gauge. Inflation over time provides a relativity factor to consider. For example, this on the 1980 Dollar versus the 2021 dollar;
...

Value of $1 from 1980 to 2021​

$1 in 1980 is equivalent in purchasing power to about $3.33 today, an increase of $2.33 over 41 years. The dollar had an average inflation rate of 2.98% per year between 1980 and today, producing a cumulative price increase of 232.90%.

This means that today's prices are 3.33 times higher than average prices since 1980, according to the Bureau of Labor Statistics consumer price index. A dollar today only buys 30.03% of what it could buy back then.

The 1980 inflation rate was 13.50%. The current year-over-year inflation rate (2020 to 2021) is now 5.39%1. If this number holds, $1 today will be equivalent in buying power to $1.05 next year. The current inflation rate page gives more detail on the latest inflation rates.
...

$1 in 1980 → 2021 | Inflation Calculator ​

The 2.98% inflation rate means $1 in 1980 is equivalent to $3.33 today. This inflation calculator uses the official US consumer price index published by the Department of Labor.

www.in2013dollars.com



~~~~~~~~~~~~~~~

 

[Stryder50]

Another interesting gauge is the "USA Federal Debt to GDP Ratio";
1960 - 52.32%
1980 - 34.67%
2000 - 55.95%
Now - 126.02%


https://www.usdebtclock.org/index.html

 

[Stryder50]

For comparison, consider the growth of the Federal Debt over time, remember that inflation is a factor in these growing dollar amounts;
1980 - $918.4 Billion
1990 - $3.138 Trillion
2000 - $5.656 Trillion
2004 - $7.476 Trillion
2008 - $10.775 Trillion
2012 - $15.770 Trillion
2016 - $20.030 Trillion
2021 - $28.891 Trillion*

Figures for years prior to 2021 via the "Debt Clock Time Machine" function in the upper right portion of the main page here;

https://www.usdebtclock.org/index.html
Note also these are 'real time' calculators so going back to say 1990 on the "time machine" a few days from now might show slight change in number/value.
* Some of this jump of 2021 versus 2016 reflects the huge budget/spending increases from the Biden Admin. of the past nine months.
~~~~~~~~~~~~
See also;

Federal Deficit and Debt: January 2021 ​

Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for January 2021.

www.pgpf.org



And:

US Debt By President​

The National Debt, which reached $27.8 trillion at the end of Trump's presidency, is a number that for most of us is too high to even conceive of. Through time, National Debt has continued to climb, from President to President, as a result of decision making and events that have fallen both within and outside of the White House's control.

This article will dive into how much each President has contributed to National Debt, the types of decisions they make that impact debt levels the most and the events that have shaped America’s economic reality throughout history.
...

US Debt by President | Chart & Per President Deficit | Self. ​

Here’s how much each President has contributed to National Debt, including decisions, events and statistics.

www.self.inc