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Hot Topic (More than 10 Replies) Trump's budget increases deficit (Read 559 times)
michiganFats
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Re: Trump's budget increases deficit
Reply #10 - Jul 17th, 2017 at 10:00am
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Wadsworth wrote on Jul 14th, 2017 at 6:37pm:
Grin
You sound like Obama.  The GOP congress did not agree with that.  But I bet they do now since Trump is in office.


The GOP Congress has always agreed with that. Why do you think they keep raising the debt ceiling?
  
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Re: Trump's budget increases deficit
Reply #11 - Jul 17th, 2017 at 10:02am
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forgotten centrist wrote on Jul 13th, 2017 at 11:57am:
WASHINGTON (AP) — A new government analysis of President Donald Trump's budget plan says it wouldn't come close to balancing the federal ledger like the White House has promised.

Thursday's Congressional Budget Office report says that Trump's budget, if followed to the letter, would result in a $720 billion deficit at the end of 10 years instead of the slight surplus promised.

CBO said Trump's budget would reduce the deficit by a total of $3.3 trillion over 10 years instead of the $5.6 trillion deficit cut promised by the White House. The nonpartisan scorekeeper estimated that deficits in each of the coming 10 years will exceed the $585 billion in red ink posted last year.

https://www.yahoo.com/news/cbo-trumps-budget-doesnt-balance-federal-ledger-15184...


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The Original Wally
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Re: Trump's budget increases deficit
Reply #12 - Jul 17th, 2017 at 10:12am
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If you're gonna make an omelette, you've got to crack a few eggs. 

Obama doubled our national debt and the FED increased our off the books debt for the last eight years by printing dollars in exchange for US Treasury Bonds (I.O.U.'s) at the rate of over $1 Trillion per year! (through "quantitative easing).

It will cost some upfront "investment" (Liberal term) to correct the direction of our Ship of State!   

If the plan works, the savings will principally come through growth and shrinking the size of government.  If this doesn't happen by the end of Trump's first term, he won't be reelected and the GOP will also be held accountable!

The Media and the rest of the Democrats are continuing their policy of OBSTRUCT & RESIST and keep the spotlight on things like RUSSIA/TRUMP CAMPAIGN, because Schumer and Pelosi know that if Trump wins; they lose!
  

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Re: Trump's budget increases deficit
Reply #13 - Jul 17th, 2017 at 10:15am
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The Original Wally wrote on Jul 17th, 2017 at 10:12am:
If you're gonna make an omelette, you've got to crack a few eggs. 

Obama doubled our national debt and the FED increased our off the books debt for the last eight years by printing dollars in exchange for US Treasury Bonds (I.O.U.'s) at the rate of over $1 Trillion per year! (through "quantitative easing).

It will cost some upfront "investment" (Liberal term) to correct the direction of our Ship of State!   

If the plan works, the savings will principally come through growth and shrinking the size of government.  If this doesn't happen by the end of Trump's first term, he won't be reelected and the GOP will also be held accountable!

The Media and the rest of the Democrats are continuing their policy of OBSTRUCT & RESIST and keep the spotlight on things like RUSSIA/TRUMP CAMPAIGN, because Schumer and Pelosi know that if Trump wins; they lose!


Obama didn't double anything, Congress did.
  
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Re: Trump's budget increases deficit
Reply #14 - Jul 17th, 2017 at 10:16am
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The Original Wally wrote on Jul 17th, 2017 at 10:12am:
If you're gonna make an omelette, you've got to crack a few eggs. 

Obama doubled our national debt and the FED increased our off the books debt for the last eight years by printing dollars in exchange for US Treasury Bonds (I.O.U.'s) at the rate of over $1 Trillion per year! (through "quantitative easing).

It will cost some upfront "investment" (Liberal term) to correct the direction of our Ship of State!   

If the plan works, the savings will principally come through growth and shrinking the size of government.  If this doesn't happen by the end of Trump's first term, he won't be reelected and the GOP will also be held accountable!

The Media and the rest of the Democrats are continuing their policy of OBSTRUCT & RESIST and keep the spotlight on things like RUSSIA/TRUMP CAMPAIGN, because Schumer and Pelosi know that if Trump wins; they lose!



Quote:
It will cost some upfront "investment" (Liberal term) to correct the direction of our Ship of State!


It sure is a "liberal" term Wally(Hint) Wink

Hold that thought Wink

"Creating new debt is noway to pay off old ones" - George Washington
« Last Edit: Jul 17th, 2017 at 10:30am by Luther »  

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Re: Trump's budget increases deficit
Reply #15 - Jul 17th, 2017 at 12:44pm
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The Original Wally wrote on Jul 17th, 2017 at 10:12am:
If you're gonna make an omelette, you've got to crack a few eggs. 

Obama doubled our national debt and the FED increased our off the books debt for the last eight years by printing dollars in exchange for US Treasury Bonds (I.O.U.'s) at the rate of over $1 Trillion per year! (through "quantitative easing).

It will cost some upfront "investment" (Liberal term) to correct the direction of our Ship of State!   

If the plan works, the savings will principally come through growth and shrinking the size of government.  If this doesn't happen by the end of Trump's first term, he won't be reelected and the GOP will also be held accountable!

The Media and the rest of the Democrats are continuing their policy of OBSTRUCT & RESIST and keep the spotlight on things like RUSSIA/TRUMP CAMPAIGN, because Schumer and Pelosi know that if Trump wins; they lose!


So you're saying it will take a liberal solution (federal investment) to solve our budget shortfall?
  

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The Original Wally
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Re: Trump's budget increases deficit
Reply #16 - Jul 17th, 2017 at 2:13pm
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michiganFats wrote on Jul 17th, 2017 at 10:15am:
Obama didn't double anything, Congress did.

Excuse me... The Democrats controlled both Houses of Congress during the first two years of his first term and this wis when the bulk of his spending was pushed though, just like Obamacare.  Any Republican who dared oppose anything was labeled as a Racist and the Cowards went right along with the theft.  This created the Tea Party who were as Boiling Mad at the Republicans as they were with the Democrats who pushed through all this massive spending!  (I was involved with the Boiling Springs Tea Party Movement in 2009 and in 2010)  By 2010 Democrats were punished and lost their stinking seats!  Obama sent the IRS to illegally target Tea Party organizers leading up to his reelection in 2012. After his reelection Obama had to rule with his phone and his pen because he couldn't get things passed through the Republican controlled Congress.  All of his ideas were typical tax and spend Leftist crap!
  

" The few will always act like the few.

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Re: Trump's budget increases deficit
Reply #17 - Jul 17th, 2017 at 2:14pm
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The Original Wally wrote on Jul 17th, 2017 at 2:13pm:
Excuse me... The Democrats controlled both Houses of Congress during the first two years of his first term and this wis when the bulk of his spending was pushed though, just like Obamacare.  Any Republican who dared oppose anything was labeled as a Racist and the Cowards went right along with the theft.  This created the Tea Party who were as Boiling Mad at the Republicans as they were with the Democrats who pushed through all this massive spending!  (I was involved with the Boiling Springs Tea Party Movement in 2009 and in 2010)  By 2010 Democrats were punished and lost their stinking seats!  Obama sent the IRS to illegally target Tea Party organizers leading up to his reelection in 2012. After his reelection Obama had to rule with his phone and his pen because he couldn't get things passed through the Republican controlled Congress.  All of his ideas were typical tax and spend Leftist crap!


Nice try but the GOP could have stopped a lot of things. They chose not to. What do you have to say to them about that?
  
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The Original Wally
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Re: Trump's budget increases deficit
Reply #18 - Jul 17th, 2017 at 2:19pm
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michiganFats wrote on Jul 17th, 2017 at 2:14pm:
Nice try but the GOP could have stopped a lot of things. They chose not to. What do you have to say to them about that?

Many of the Conservatives who voted for President Trump share the same perspective of the Republicans that you have expressed.  If they don't get off their dead asses and do their damn job now, they may find they have more to worry about than just the media and the Democrats!  (Most of them never read JFK's "Profiles in Courage")
  

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Re: Trump's budget increases deficit
Reply #19 - Jul 17th, 2017 at 2:22pm
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The Original Wally wrote on Jul 17th, 2017 at 2:13pm:
Excuse me... The Democrats controlled both Houses of Congress during the first two years of his first term and this wis when the bulk of his spending was pushed though, just like Obamacare.  Any Republican who dared oppose anything was labeled as a Racist and the Cowards went right along with the theft.  This created the Tea Party who were as Boiling Mad at the Republicans as they were with the Democrats who pushed through all this massive spending!  (I was involved with the Boiling Springs Tea Party Movement in 2009 and in 2010)  By 2010 Democrats were punished and lost their stinking seats!  Obama sent the IRS to illegally target Tea Party organizers leading up to his reelection in 2012. After his reelection Obama had to rule with his phone and his pen because he couldn't get things passed through the Republican controlled Congress.  All of his ideas were typical tax and spend Leftist crap!


Obama and the democrats did do obamacare, but that was largely self-funded through an array of new taxes.  That's not what blew up the debt.

Obama and the republicans did do the "budget sequester", which resulted in some curtailment of military spending (among other things).  That's not what blew up the debt.

Obama and congress did do the "stimulus round 2" stuff (TARP was under Bush), but more than half that stimulus came in the form of that most sacred of republican priorities -- Tax Cuts.  If you are saying that Tax Cuts are irresponsible in the face of huge deficits, then you are saying Trump is dead wrong, along with the republican congress. 

So what DID blow up the debt?  The Bush recession, the twin Bush Tax Cuts, and the couple trillion we spent Off the Books on prosecuting a completely optional war in Iraq might have something to do with it.
  

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