Yurt
Gold Member
how much debt per capita do you think our debt should be? per gdp?
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At the same time, however, the federal debt will increase by more than $1 trillion. In fiscal 2017, which ends on Sept. 30, the federal government will collect $3.315 trillion in total taxes, according to the projections the CBO released with its "Update to the Budget and Economic Outlook: 2017 to 2027." That $3.315 trillion in total taxes will include $1.574 trillion in individual income taxes; $1,164 trillion in payroll taxes; $310 billion in corporate income taxes; and $267 billion in other taxes.
In fiscal 2018, according to CBO’s projections, total taxes will climb by to $3.531 trillion. That will include $1.724 trillion in individual income taxes; $1.195 trillion in payroll taxes; $324 billion in corporate income taxes; and $289 billion in other taxes. The $1.724 trillion in individual income taxes CBO projects the federal government will collect in fiscal 2018 is $150 billion—or 9.5 percent—more than the $1.574 trillion CBO projects it will collect this fiscal year.
The $3.531 trillion in total taxes the federal government will collect in fiscal 2018, according to CBO’s projections, is $216 billion—or 6.5 percent more—than the $3.315 trillion CBO projects it will collect this year. Despite these projected increases in federal tax collections from this year to next, the CBO also sees a massive increase in the federal government’s debt next year. According to CBO’s projections, the gross federal debt will rise from $20.188 trillion at the end of fiscal 2017 to $21.221 trillion at the end of fiscal 2018. That is an increase of $1.034 trillion.
CBO: Income Taxes Up 9.5% Next Year; But Debt Climbs More Than $1 Trillion
so how come we still want the debt to be lower?It depends on which party is president.
When a Republican is president, no amount of debt is too much, there is ALWAYS a rationalization to justify it.
When a Democrat is president ANY debt is too much and is stealing from our grandchildren.
so you're saying that trump is not different than Clinton and Obama.havent you heard. Now that Trumps POTUS we have unlimited debt responsibiliy.
$10 million dollar golfing weekends
$30-50 BILLION dollar walls 20 feet high
economic packages that cost $10-15 trillion dollars
$1 million a day so his trophy wife doesnt have to sleep in the same bed with him
hell, anything he decides regardless how much it costs taxpayers ITS ALL GOOD !
and the Trumpbots here will argue to the death supporting him, then blame Clinton/Obama for his spending spree.
no shit..Ask Illinois what too much debt leads too.
no shit..Ask Illinois what too much debt leads too.
No we are saying that Don THE Con is no different than any other Republican, talks debt reduction as he jacks up the debt.so you're saying that trump is not different than Clinton and Obama.havent you heard. Now that Trumps POTUS we have unlimited debt responsibiliy.
$10 million dollar golfing weekends
$30-50 BILLION dollar walls 20 feet high
economic packages that cost $10-15 trillion dollars
$1 million a day so his trophy wife doesnt have to sleep in the same bed with him
hell, anything he decides regardless how much it costs taxpayers ITS ALL GOOD !
and the Trumpbots here will argue to the death supporting him, then blame Clinton/Obama for his spending spree.
thus verifying that trump is a dem
Like I've said, he's clearly a dem, just like the dems that have ruined Ill.no shit..Ask Illinois what too much debt leads too.
Trump and his drones could care less about the debt.
The End
when was the last time any Pres lowered the debt?No we are saying that Don THE Con is no different than any other Republican, talks debt reduction as he jacks up the debt.so you're saying that trump is not different than Clinton and Obama.havent you heard. Now that Trumps POTUS we have unlimited debt responsibiliy.
$10 million dollar golfing weekends
$30-50 BILLION dollar walls 20 feet high
economic packages that cost $10-15 trillion dollars
$1 million a day so his trophy wife doesnt have to sleep in the same bed with him
hell, anything he decides regardless how much it costs taxpayers ITS ALL GOOD !
and the Trumpbots here will argue to the death supporting him, then blame Clinton/Obama for his spending spree.
thus verifying that trump is a dem
when was the last time any Pres lowered the debt?No we are saying that Don THE Con is no different than any other Republican, talks debt reduction as he jacks up the debt.so you're saying that trump is not different than Clinton and Obama.havent you heard. Now that Trumps POTUS we have unlimited debt responsibiliy.
$10 million dollar golfing weekends
$30-50 BILLION dollar walls 20 feet high
economic packages that cost $10-15 trillion dollars
$1 million a day so his trophy wife doesnt have to sleep in the same bed with him
hell, anything he decides regardless how much it costs taxpayers ITS ALL GOOD !
and the Trumpbots here will argue to the death supporting him, then blame Clinton/Obama for his spending spree.
thus verifying that trump is a dem
sure as hell wasn't "Spend baby spend!" obama
Obama lowered the deficit over 1 Trillion dollars.
FACT
Obama lowered the deficit over 1 Trillion dollars.
FACT
Cute try. As you well know, the deficit makes not one iota of difference.
Petulant former President Barack Hussein Obama raised the DEBT TO TWENTY TRILLION DOLLARS.
Grow up!
when was the last time any Pres lowered the debt?No we are saying that Don THE Con is no different than any other Republican, talks debt reduction as he jacks up the debt.so you're saying that trump is not different than Clinton and Obama.havent you heard. Now that Trumps POTUS we have unlimited debt responsibiliy.
$10 million dollar golfing weekends
$30-50 BILLION dollar walls 20 feet high
economic packages that cost $10-15 trillion dollars
$1 million a day so his trophy wife doesnt have to sleep in the same bed with him
hell, anything he decides regardless how much it costs taxpayers ITS ALL GOOD !
and the Trumpbots here will argue to the death supporting him, then blame Clinton/Obama for his spending spree.
thus verifying that trump is a dem
sure as hell wasn't "Spend baby spend!" obama
Obama lowered the deficit over 1 Trillion dollars.
FACT