Trump Casino economics, the house loses: Deficit surpasses $1 trillion: CBO

[FA_Q2]

The federal debt doubled when your boi was at the helm....Quit pretending that it matters to you.

Breaking Down the Deficit - Center for American Progress

/Odd Dude is a LIAR. Anyone who reads ^^^ this link will understand what an incompetent hack OD is.

You are doing the same thing he does.

But Bush is no better than but Obama.

Obama is responsible for the deficits under his watch as Trump is responsible for them under his.

 

[Harpy Eagle]

Be afraid. Be very afraid.

The $ 1 trillion deficit is happening without the wall and without the infrastructure spending Trump promised.

Donald Trump also pilfered money out of FEMA which means that there may have to be new allocations for the damage caused by hurricane Dorian.

If a recession coincides with a trade war it could be very hard times indeed with manufacturing declining even further instead of growing.

This is casino economics with the house losing, without a plan A let alone plan B and others. The whole future rests on the roll of the dice.

Deficit surpasses $1 trillion: CBO

Deficit surpasses $1 trillion: CBO
BY NIV ELIS - 09/09/19 06:17 PM EDT 0

The federal deficit surpassed $1 trillion in the first 11 months of the 2019 fiscal year, the Congressional Budget Office (CBO) said Monday.

The deficit presently stands at $1.068 trillion, though it is likely to be reduced in September as quarterly tax payments are paid.

"In its most recent baseline projections, CBO estimated that the 2019 budget deficit would be $960 billion," the budget office noted. That amount would be $181 billion higher than last year's deficit.

The deficit as of Monday was running $168 billion ahead of the deficit in the last fiscal year at this time.
While mandatory spending such as Social Security and Medicare drive the deficit, it has shot up under President Trump's watch following the GOP tax-cut bill and a series of bipartisan agreements to raise spending on both defense and domestic priorities.

CBO has called the nation's fiscal path "unsustainable," noting that payments on interest alone were on track to overtake both defense and domestic spending by 2046.

Recent concerns over a possible economic downturn or recession have further exacerbated concerns over the nation's fiscal situation, which tends to worsen when the economy slides ...

When Obama was in charge we have $1 Trillion dollar deficits for 3, almost 4 years straight.

Now I'm all in favor of you electing someone that will cut entitlements, and reduce spending.

You people have not done this. Isn't it Democrats in control of Congress, which controls spending?

Why are you not dealing with deficits if you care? Or do you really not care, and just are playing partisan with a political football?

No, the Democrats do not control of Congress, they control the House of Rep. No money gets spent without 3 groups signing off on it, the House, the Senate and the POTUS.

Two of the 3 that have to approve all spending are Repubs.

 

[lantern2814]

The federal debt doubled when your boi was at the helm....Quit pretending that it matters to you.

BUT OBAMA!!!!!!!!!!!!!

Point being that nobody really cares, including you, so quit pretending that you do.

Sorry that such an easy point flew right over your fake libertarian head.

Some of us cared when Obama was president, and when Bush II was president and when Clinton was and when Bush I was and when Reagan was.

And then there are morons like you that have one trick..


BUT OBAMA!!!!!!!!!!!!!

You mean like you and your Saint Obozo's one trick of BUT BUSH!!!!! that went on for 8 years right? Glad to see you recognize you are a moron. Admitting your problem means you may now begin to seek help.....

 

[Harpy Eagle]

You mean like you and your Saint Obozo's one trick of BUT BUSH!!!!! that went on for 8 years right? Glad to see you recognize you are a moron. Admitting your problem means you may now begin to seek help.....

Yes, Obama and his followers did to that. Thanks for one more time showing how alike Trump and Obama are.

As for Obama, not only is he not a saint, he is the 2nd worst POTUS ever.

Do try and keep up

 

[Wry Catcher]

The federal debt doubled when your boi was at the helm....Quit pretending that it matters to you.

Breaking Down the Deficit - Center for American Progress

/Odd Dude is a LIAR. Anyone who reads ^^^ this link will understand what an incompetent hack OD is.

You are doing the same thing he does.

But Bush is no better than but Obama.

Obama is responsible for the deficits under his watch as Trump is responsible for them under his.

Read the link I posted. Then, consider the deficit spending each year from 2002 to 2019 (keep in mind the fiscal year goes from Oct to Oct.

 

[Oddball]

The federal debt doubled when your boi was at the helm....Quit pretending that it matters to you.

Breaking Down the Deficit - Center for American Progress

/Odd Dude is a LIAR. Anyone who reads ^^^ this link will understand what an incompetent hack OD is.

You are doing the same thing he does.

But Bush is no better than but Obama.

Obama is responsible for the deficits under his watch as Trump is responsible for them under his.

Read the link I posted. Then, consider the deficit spending each year from 2002 to 2019 (keep in mind the fiscal year goes from Oct to Oct.

You don't care either, so fuck off.

 

[Oddball]

The federal debt doubled when your boi was at the helm....Quit pretending that it matters to you.

Breaking Down the Deficit - Center for American Progress

/Odd Dude is a LIAR. Anyone who reads ^^^ this link will understand what an incompetent hack OD is.

Center for American Progress...ROFLMFAO!!!....Partisan GIGO....And you have the stones to accuse others of lying.

 

[Mac1958]

The federal debt doubled when your boi was at the helm....Quit pretending that it matters to you.

BUT OBAMA!!!!!!!!!!!!!

They pretend to forget the disaster Obama inherited. Pathetic.

Even Keynes himself would disagree with Trump spending like a 16 year old girl with Daddy's Gold Card in a non-recessionary period.

Daddy's Gold Card. How ironic.
.

 

[BrokeLoser]

The federal debt doubled when your boi was at the helm....Quit pretending that it matters to you.

BUT OBAMA!!!!!!!!!!!!!

They pretend to forget the disaster Obama inherited. Pathetic.

Even Keynes himself would disagree with Trump spending like a 16 year old girl with Daddy's Gold Card in a non-recessionary period.

Daddy's Gold Card. How ironic.
.

Here we go again...
We know you like spending on wetbacks, ShaQuita and all things filth....so be specific, what Trump spending do you object to?

 

[Oddball]

They pretend to forget the disaster Obama inherited. Pathetic.

Even Keynes himself would disagree with Trump spending like a 16 year old girl with Daddy's Gold Card in a non-recessionary period.

Daddy's Gold Card. How ironic.
.

Chimpola Bush inherited the disaster as well...... Perot pointed out numerous times during the 1992 campaign, that the deficits and debt were going to explode after 2002, if nothing was done to address the fiscal vicissitudes of entitlements viz. an aging population.....But nobody listened.

Trump is just the third in line who is letting the fiscal time bomb tick.

 

[Wry Catcher]

You mean like you and your Saint Obozo's one trick of BUT BUSH!!!!! that went on for 8 years right? Glad to see you recognize you are a moron. Admitting your problem means you may now begin to seek help.....

Yes, Obama and his followers did to that. Thanks for one more time showing how alike Trump and Obama are.

As for Obama, not only is he not a saint, he is the 2nd worst POTUS ever.

Do try and keep up

Please do post how Obama and Trump are alike?

The federal debt doubled when your boi was at the helm....Quit pretending that it matters to you.

Breaking Down the Deficit - Center for American Progress

/Odd Dude is a LIAR. Anyone who reads ^^^ this link will understand what an incompetent hack OD is.

You are doing the same thing he does.

But Bush is no better than but Obama.

Obama is responsible for the deficits under his watch as Trump is responsible for them under his.

Read the link I posted. Then, consider the deficit spending each year from 2002 to 2019 (keep in mind the fiscal year goes from Oct to Oct.

You don't care either, so fuck off.

I care, I care enough to call you out for being a slimy slug. BTW, make me "fuck off".

 

[whitehall]

"Be afraid" is all that remains of the pathetic left's campaign while the economy is running fine and unemployment is at a historic low. Personally I'm scared to death of the democrat clown car and the dirty little secret is so are democrats.

 

[Brain357]

It seems trump is not so different than Obama when it come to debt.

 

[Brain357]

"Be afraid" is all that remains of the pathetic left's campaign while the economy is running fine and unemployment is at a historic low. Personally I'm scared to death of the democrat clown car and the dirty little secret is so are democrats.

Well trump managed to increase Obama deficits. Now that is scary.

 

[Wry Catcher]

They pretend to forget the disaster Obama inherited. Pathetic.

Even Keynes himself would disagree with Trump spending like a 16 year old girl with Daddy's Gold Card in a non-recessionary period.

Daddy's Gold Card. How ironic.
.

Chimpola Bush inherited the disaster as well...... Perot pointed out numerous times during the 1992 campaign, that the deficits and debt were going to explode after 2002, if nothing was done to address the fiscal vicissitudes of entitlements viz. an aging population.....But nobody listened.

Trump is just the third in line who is letting the fiscal time bomb tick.

Some of us listened, and some of us made suggestions to double the Social Security wage base; How about raising it $132,900 to $265,800 or even higher?

 

[Brain357]

I love how these soulless partisans who used to claim to be tea party now don't care about deficits. Trump is turning us into Greece!

 

[Brain357]

They pretend to forget the disaster Obama inherited. Pathetic.

Even Keynes himself would disagree with Trump spending like a 16 year old girl with Daddy's Gold Card in a non-recessionary period.

Daddy's Gold Card. How ironic.
.

Chimpola Bush inherited the disaster as well...... Perot pointed out numerous times during the 1992 campaign, that the deficits and debt were going to explode after 2002, if nothing was done to address the fiscal vicissitudes of entitlements viz. an aging population.....But nobody listened.

Trump is just the third in line who is letting the fiscal time bomb tick.

Bush inherited a great situation. It was his decisions that turned it into disaster.

 

[whitehall]

"Be afraid" is all that remains of the pathetic left's campaign while the economy is running fine and unemployment is at a historic low. Personally I'm scared to death of the democrat clown car and the dirty little secret is so are democrats.

Well trump managed to increase Obama deficits. Now that is scary.

Why are "deficits" scary only during republican administrations? We got nothing for Obama deficits except boxcar loads of cash and euros transferred to a country that promotes terrorism, a promise that good factory jobs were gone and not coming back, double digit unemployment among Black teens and hatred for everything America stands for.

 

[Indeependent]

Be afraid. Be very afraid.

The $ 1 trillion deficit is happening without the wall and without the infrastructure spending Trump promised.

Donald Trump also pilfered money out of FEMA which means that there may have to be new allocations for the damage caused by hurricane Dorian.

If a recession coincides with a trade war it could be very hard times indeed with manufacturing declining even further instead of growing.

This is casino economics with the house losing, without a plan A let alone plan B and others. The whole future rests on the roll of the dice.

Deficit surpasses $1 trillion: CBO

Deficit surpasses $1 trillion: CBO
BY NIV ELIS - 09/09/19 06:17 PM EDT 0

The federal deficit surpassed $1 trillion in the first 11 months of the 2019 fiscal year, the Congressional Budget Office (CBO) said Monday.

The deficit presently stands at $1.068 trillion, though it is likely to be reduced in September as quarterly tax payments are paid.

"In its most recent baseline projections, CBO estimated that the 2019 budget deficit would be $960 billion," the budget office noted. That amount would be $181 billion higher than last year's deficit.

The deficit as of Monday was running $168 billion ahead of the deficit in the last fiscal year at this time.
While mandatory spending such as Social Security and Medicare drive the deficit, it has shot up under President Trump's watch following the GOP tax-cut bill and a series of bipartisan agreements to raise spending on both defense and domestic priorities.

CBO has called the nation's fiscal path "unsustainable," noting that payments on interest alone were on track to overtake both defense and domestic spending by 2046.

Recent concerns over a possible economic downturn or recession have further exacerbated concerns over the nation's fiscal situation, which tends to worsen when the economy slides ...

We start by stopping international welfare, including trespassers.

 

[Oddball]

They pretend to forget the disaster Obama inherited. Pathetic.

Even Keynes himself would disagree with Trump spending like a 16 year old girl with Daddy's Gold Card in a non-recessionary period.

Daddy's Gold Card. How ironic.
.

Chimpola Bush inherited the disaster as well...... Perot pointed out numerous times during the 1992 campaign, that the deficits and debt were going to explode after 2002, if nothing was done to address the fiscal vicissitudes of entitlements viz. an aging population.....But nobody listened.

Trump is just the third in line who is letting the fiscal time bomb tick.

Bush inherited a great situation. It was his decisions that turned it into disaster.

Bush inherited an impending train wreck that was predicted ten years in advance.....Anyone and everyone who could read CBO outlooks and predictions, including congress, knew this was coming.