g5000
Diamond Member
- Nov 26, 2011
- 131,656
- 75,717
- 2,605
While partisan propagandists has us all at each others' throats over guns, abortions, trannies, and gas stoves, both parties are driving our country at full speed toward fiscal destruction.
Somehow, the GOP has convinced the rubes they are the party of fiscal responsibility, despite doubling our deficits and debt whenever they get full power.
The Democrats have convinced the rubes they need to spend more money on free puppies for hookers.
It's time for all of us to start holding our politicians accountable for this insanity. This is not a Right or Left thing. This is a threat to ALL of us EQUALLY.
Don't be distracted by shiny objects.
The federal deficit is projected to roughly double this year, as bigger interest payments and lower tax receipts widen the nation’s spending imbalance despite robust overall economic growth.
After the government’s record spending in 2020 and 2021 to combat the impact of covid-19, the deficit dropped by the greatest amount ever in 2022, falling from close to $3 trillion to roughly $1 trillion. But rather than continue to fall to its pre-pandemic levels, the deficit then shot upward. Budget experts now project that it will probably rise to about $2 trillion for the fiscal year that ends Sept. 30, according to the Committee for a Responsible Federal Budget, a nonpartisan group that advocates for lower deficits. (These numbers ignore President Biden’s $400 billion student debt cancellation policy, which was struck down by the Supreme Court this year and never took effect.)
[snip]
The higher deficit may undermine Biden’s attempts to take credit for reining in the budget ahead of the 2024 presidential election. And it could pose a challenge to Republican lawmakers, who — despite their calls for fiscal responsibility — are pushing to extend more than $3 trillion in tax cuts they approved in 2017.
Somehow, the GOP has convinced the rubes they are the party of fiscal responsibility, despite doubling our deficits and debt whenever they get full power.
The Democrats have convinced the rubes they need to spend more money on free puppies for hookers.
It's time for all of us to start holding our politicians accountable for this insanity. This is not a Right or Left thing. This is a threat to ALL of us EQUALLY.
Don't be distracted by shiny objects.
The federal deficit is projected to roughly double this year, as bigger interest payments and lower tax receipts widen the nation’s spending imbalance despite robust overall economic growth.
After the government’s record spending in 2020 and 2021 to combat the impact of covid-19, the deficit dropped by the greatest amount ever in 2022, falling from close to $3 trillion to roughly $1 trillion. But rather than continue to fall to its pre-pandemic levels, the deficit then shot upward. Budget experts now project that it will probably rise to about $2 trillion for the fiscal year that ends Sept. 30, according to the Committee for a Responsible Federal Budget, a nonpartisan group that advocates for lower deficits. (These numbers ignore President Biden’s $400 billion student debt cancellation policy, which was struck down by the Supreme Court this year and never took effect.)
[snip]
The higher deficit may undermine Biden’s attempts to take credit for reining in the budget ahead of the 2024 presidential election. And it could pose a challenge to Republican lawmakers, who — despite their calls for fiscal responsibility — are pushing to extend more than $3 trillion in tax cuts they approved in 2017.
