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

[Oddball]

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!

Like the "soulless partisans" -like you- who whistled past the graveyard while there were eight years of continuing resolutions (no budgets), and squealed like stuck pigs when the tiny tepid budget caps were enacted?

 

[Denizen]

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.

Stop welfare to Israel? Really?

 

[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.

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.

Yeah a strong economy and a balanced budget. What a train wreck. He also inherited no wars.

 

[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!

Like the "soulless partisans" -like you- who whistled past the graveyard while there were eight years of continuing resolutions (no budgets), and squealed like stuck pigs when the tiny tepid budget caps were enacted?

You obviously don't know me.

 

[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.

Stop welfare to Israel? Really?

Yes.
Israel is being paid to not destroy the Arabs.
Lyndon B Johnson stuck his nose in Israel’s business and since then the US has been paying Israel to make up for not allowing Israel to destroy their 5 neighbors.

 

[Denizen]

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.

Stop welfare to Israel? Really?

Yes.
Israel is being paid to not destroy the Arabs.
Lyndon B Johnson stuck his nose in Israel’s business and since then the US has been paying Israel to make up for not allowing Israel to destroy their 5 neighbors.

Because that's Uncle Sam's job?

 

[Andylusion]

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.

Yeah, and we have a government shutdown over the budget, and which side did that? Democrats. Right? So if you pass a budget we don't like, if we try and stop you from pushing that budget by shutting down the government, and you blame us in the press don't you....?

Is that not exactly happened?

The Republicans under cut Clinton's budget every single year after the 1995 budget battle. They followed through with the contract with America.

Why don't you do that now with Trump?

See this is the problem.... you people on the left have never once, not one time, in all the decades I've been alive, really cared about deficits, or the national debt.

Not once.

So you complaining about Trump is just you living up to your reputations as evil hypocritical trash.

 

[Denizen]

Spending and debt have always risen under Republican administrations.

 

[Harpy Eagle]

Yeah, and we have a government shutdown over the budget, and which side did that? Democrats. Right? So if you pass a budget we don't like, if we try and stop you from pushing that budget by shutting down the government, and you blame us in the press don't you....?

Is that not exactly happened?

The Republicans under cut Clinton's budget every single year after the 1995 budget battle. They followed through with the contract with America.

Why don't you do that now with Trump?

See this is the problem.... you people on the left have never once, not one time, in all the decades I've been alive, really cared about deficits, or the national debt.

Not once.

So you complaining about Trump is just you living up to your reputations as evil hypocritical trash.

First off, you are left of me.

Second, shut the damn thing down if that is what it takes, I am tired of both side making excuses for their side, that is why nothing ever changes.

I have cared debt since Bush I, so you should not make assumptions that you cannot support.

I complained about Bush I, Clinton, Bush II, Obama and now Trump.

And now Trump is adding to it even faster than Obama did and you sheep give him a free pass...you are the problem here, not me

 

[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.

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

His and The DICK Cheney.

 

[Wry Catcher]

Yeah, and we have a government shutdown over the budget, and which side did that? Democrats. Right? So if you pass a budget we don't like, if we try and stop you from pushing that budget by shutting down the government, and you blame us in the press don't you....?

Is that not exactly happened?

The Republicans under cut Clinton's budget every single year after the 1995 budget battle. They followed through with the contract with America.

Why don't you do that now with Trump?

See this is the problem.... you people on the left have never once, not one time, in all the decades I've been alive, really cared about deficits, or the national debt.

Not once.

So you complaining about Trump is just you living up to your reputations as evil hypocritical trash.

First off, you are left of me.

Second, shut the damn thing down if that is what it takes, I am tired of both side making excuses for their side, that is why nothing ever changes.

I have cared debt since Bush I, so you should not make assumptions that you cannot support.

I complained about Bush I, Clinton, Bush II, Obama and now Trump.

And now Trump is adding to it even faster than Obama did and you sheep give him a free pass...you are the problem here, not me

You left out Reagan.

 

[Harpy Eagle]

Yeah, and we have a government shutdown over the budget, and which side did that? Democrats. Right? So if you pass a budget we don't like, if we try and stop you from pushing that budget by shutting down the government, and you blame us in the press don't you....?

Is that not exactly happened?

The Republicans under cut Clinton's budget every single year after the 1995 budget battle. They followed through with the contract with America.

Why don't you do that now with Trump?

See this is the problem.... you people on the left have never once, not one time, in all the decades I've been alive, really cared about deficits, or the national debt.

Not once.

So you complaining about Trump is just you living up to your reputations as evil hypocritical trash.

First off, you are left of me.

Second, shut the damn thing down if that is what it takes, I am tired of both side making excuses for their side, that is why nothing ever changes.

I have cared debt since Bush I, so you should not make assumptions that you cannot support.

I complained about Bush I, Clinton, Bush II, Obama and now Trump.

And now Trump is adding to it even faster than Obama did and you sheep give him a free pass...you are the problem here, not me

You left out Reagan.

I was not really old enough to care then, so I left him out even though he was by far the worst in our lifetime.

In my early 20s all I cared about was booze and getting laid, did not care much about politics back then.

 

[Andylusion]

Yeah, and we have a government shutdown over the budget, and which side did that? Democrats. Right? So if you pass a budget we don't like, if we try and stop you from pushing that budget by shutting down the government, and you blame us in the press don't you....?

Is that not exactly happened?

The Republicans under cut Clinton's budget every single year after the 1995 budget battle. They followed through with the contract with America.

Why don't you do that now with Trump?

See this is the problem.... you people on the left have never once, not one time, in all the decades I've been alive, really cared about deficits, or the national debt.

Not once.

So you complaining about Trump is just you living up to your reputations as evil hypocritical trash.

First off, you are left of me.

Second, shut the damn thing down if that is what it takes, I am tired of both side making excuses for their side, that is why nothing ever changes.

I have cared debt since Bush I, so you should not make assumptions that you cannot support.

I complained about Bush I, Clinton, Bush II, Obama and now Trump.

And now Trump is adding to it even faster than Obama did and you sheep give him a free pass...you are the problem here, not me

Not giving him a free pass.

I'm saying until the other side actually gives an alternative, then they have nothing to complain about.

If all you do is complain.... that solves nothing.

When you run a candidate that actually wants to cut Federal spending.... then you can talk.

But if all you have to offer is "You suck"... that isn't a solution.

 

[Denizen]

Yeah, and we have a government shutdown over the budget, and which side did that? Democrats. Right? So if you pass a budget we don't like, if we try and stop you from pushing that budget by shutting down the government, and you blame us in the press don't you....?

Is that not exactly happened?

The Republicans under cut Clinton's budget every single year after the 1995 budget battle. They followed through with the contract with America.

Why don't you do that now with Trump?

See this is the problem.... you people on the left have never once, not one time, in all the decades I've been alive, really cared about deficits, or the national debt.

Not once.

So you complaining about Trump is just you living up to your reputations as evil hypocritical trash.

First off, you are left of me.

Second, shut the damn thing down if that is what it takes, I am tired of both side making excuses for their side, that is why nothing ever changes.

I have cared debt since Bush I, so you should not make assumptions that you cannot support.

I complained about Bush I, Clinton, Bush II, Obama and now Trump.

And now Trump is adding to it even faster than Obama did and you sheep give him a free pass...you are the problem here, not me

Not giving him a free pass.

I'm saying until the other side actually gives an alternative, then they have nothing to complain about.

If all you do is complain.... that solves nothing.

When you run a candidate that actually wants to cut Federal spending.... then you can talk.

But if all you have to offer is "You suck"... that isn't a solution.

Anybody would be better than Donald Trump who is trashing the administrative systems and replacing decision processes with Trump's 'gut'.

Donald Trump's 'gut' has had zero successes and has caused a lot of chaos nationally and internationally.

On top of that, Trump's 'gut' is responsible for 12,000+ lies, a record that will never be broken.

 

[Andylusion]

Yeah, and we have a government shutdown over the budget, and which side did that? Democrats. Right? So if you pass a budget we don't like, if we try and stop you from pushing that budget by shutting down the government, and you blame us in the press don't you....?

Is that not exactly happened?

The Republicans under cut Clinton's budget every single year after the 1995 budget battle. They followed through with the contract with America.

Why don't you do that now with Trump?

See this is the problem.... you people on the left have never once, not one time, in all the decades I've been alive, really cared about deficits, or the national debt.

Not once.

So you complaining about Trump is just you living up to your reputations as evil hypocritical trash.

First off, you are left of me.

Second, shut the damn thing down if that is what it takes, I am tired of both side making excuses for their side, that is why nothing ever changes.

I have cared debt since Bush I, so you should not make assumptions that you cannot support.

I complained about Bush I, Clinton, Bush II, Obama and now Trump.

And now Trump is adding to it even faster than Obama did and you sheep give him a free pass...you are the problem here, not me

Not giving him a free pass.

I'm saying until the other side actually gives an alternative, then they have nothing to complain about.

If all you do is complain.... that solves nothing.

When you run a candidate that actually wants to cut Federal spending.... then you can talk.

But if all you have to offer is "You suck"... that isn't a solution.

Anybody would be better than Donald Trump who is trashing the administrative systems and replacing decision processes with Trump's 'gut'.

Donald Trump's 'gut' has had zero successes and has caused a lot of chaos nationally and internationally.

On top of that, Trump's 'gut' is responsible for 12,000+ lies, a record that will never be broken.

He hasn't caused my insurance premiums to quadruple in 5 years like Obama's "affordable (LOL) care act" did.

Trump has already surpassed Obama, in NOT screwing things up in his first 4 years.

 

[Denizen]

Yeah, and we have a government shutdown over the budget, and which side did that? Democrats. Right? So if you pass a budget we don't like, if we try and stop you from pushing that budget by shutting down the government, and you blame us in the press don't you....?

Is that not exactly happened?

The Republicans under cut Clinton's budget every single year after the 1995 budget battle. They followed through with the contract with America.

Why don't you do that now with Trump?

See this is the problem.... you people on the left have never once, not one time, in all the decades I've been alive, really cared about deficits, or the national debt.

Not once.

So you complaining about Trump is just you living up to your reputations as evil hypocritical trash.

First off, you are left of me.

Second, shut the damn thing down if that is what it takes, I am tired of both side making excuses for their side, that is why nothing ever changes.

I have cared debt since Bush I, so you should not make assumptions that you cannot support.

I complained about Bush I, Clinton, Bush II, Obama and now Trump.

And now Trump is adding to it even faster than Obama did and you sheep give him a free pass...you are the problem here, not me

Not giving him a free pass.

I'm saying until the other side actually gives an alternative, then they have nothing to complain about.

If all you do is complain.... that solves nothing.

When you run a candidate that actually wants to cut Federal spending.... then you can talk.

But if all you have to offer is "You suck"... that isn't a solution.

Anybody would be better than Donald Trump who is trashing the administrative systems and replacing decision processes with Trump's 'gut'.

Donald Trump's 'gut' has had zero successes and has caused a lot of chaos nationally and internationally.

On top of that, Trump's 'gut' is responsible for 12,000+ lies, a record that will never be broken.

He hasn't caused my insurance premiums to quadruple in 5 years like Obama's "affordable (LOL) care act" did.

Trump has already surpassed Obama, in NOT screwing things up in his first 4 years.

Somebody is impersonating Donald Trump and screwing things up?

 

[Siete]

open thread-
read op's 1st post - deficit
post #2 - blame Obama .. debt

without reading the following 54 posts how many RW idiots were there that STILL don't understand the difference between deficit and debt.

and these drooling knuckledraggers want to run the country.

F'EM

 

[Mac1958]

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 didn't inherited anything anywhere near the Meltdown. Nothing within light years of it.

Good gawd. I'm not going to argue against pure fantasy.
.

 

[Harpy Eagle]

Not giving him a free pass.

I'm saying until the other side actually gives an alternative, then they have nothing to complain about.

If all you do is complain.... that solves nothing.

When you run a candidate that actually wants to cut Federal spending.... then you can talk.

But if all you have to offer is "You suck"... that isn't a solution.

My candidate in 2016 was the only one that wanted to cut Fed spending, but you did not vote for him. You voted for the guy that just submitted the largest budget request in history.

 

[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 didn't inherited anything anywhere near the Meltdown. Nothing within light years of it.

Good gawd. I'm not going to argue against pure fantasy.
.

Then I guess you were in a coma during the 1992 campaign, when Ross Perot spent millions on teevee time to point out what was going to happen in 2002 if nothing was done to change spending patterns.....ALL OF WHICH in fact came to pass.

The bailout funds wasted by Chimpola, Oboingo, and their assembled bands of Keynesean kleptomaniacs in the wake of the housing meltdown and recession are chump change....All of this was already on rails, and Chimpy McShrub was the first engineer of the train wreck.