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Trump trillion-dollar-plus deficits are putting America on a path to fiscal ruin

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+16 more 
posted on Aug, 20 2018 @ 08:31 AM
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I guess deficits don't matter anymore?


Unlike the trillion-dollar budget deficits that occurred during the Obama administration that were temporary and largely the result of the Great Recession, the Trump deficits that will soon reach and exceed $1 trillion are permanent and will only get worse in the years ahead.

The Trump deficits are the result of changes in federal spending and revenues that will continue to be in place until some president and Congress decide to reverse them, that is, to increase taxes and make cuts to popular programs.

Not only has there been little appetite to do that, many in Congress and the Trump administration seem to be hell bent on ignoring the current deficit and national debt and increasing spending and reducing revenues even further.

Source

This following the revelation that another $500 billion was added to the national debt within the last 6 months alone. I mean I'm not surprised we're getting record breaking deficits. There's that $192 billion increase to the already bloated $700 billion + military budget, approved by the Administration and Congress. There's that $1.5 trillion tax cut, a trillion of which will go to benefit the wealthy elite along with those corporate tax cuts. There's also the Administration's other pet projects that's sure to add to the gaping hole that is DC. Session's 'Religious Liberty' task force, Trump's little Space force, the Mexican wall that the tax payer will have to cover after all? Luckily he cancelled that $92 million parade hey? We saved us a nifty 0.1% so that's something.


Cheers to the kids. It's all yours in a good number of years.




posted on Aug, 20 2018 @ 08:37 AM
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a reply to: Southern Guardian

Trumps just the figurehead really, a stupid looking effigy by no mistake, but non the less simply "There" puppet.

It's the bankers, corporations, and military industrial complex that are the real culprits responsible for the socioeconomic crisis and financial meltdown on the horizon.


+43 more 
posted on Aug, 20 2018 @ 08:43 AM
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I guess deficits don't matter anymore?


They sure didn't matter when Obama spent more than all his predecessors combined.

Now suddenly they do.


edit on 20-8-2018 by neo96 because: (no reason given)


+3 more 
posted on Aug, 20 2018 @ 08:47 AM
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People really need to get off the military budget crap.
The military doesnt have enough money to function at the capacity they are being required to preform.

You want less military spending?
Then give them less mission load.


+2 more 
posted on Aug, 20 2018 @ 08:53 AM
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a reply to: Bluntone22

Kind of hard to ignore 610 billion $$$$$.

Might not need all that military hardware and spending if both our respective nations were to ever give up the sport of bombing poor brown people from a distance.

Stop policing the world and there will indeed be far less mission load.
edit on 20-8-2018 by andy06shake because: (no reason given)


+7 more 
posted on Aug, 20 2018 @ 08:56 AM
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a reply to: neo96

Guess people don't understand debt versus deficit. This is such a silly rallying cry. If you actually care to look at more than numbers then you understand a few things.

1. Obama inherited one of the worst economies in history
2. Obama actually reduced the deficit by almost 66%
3. Debt racked up under Obama was amplified by Bush tax cuts and the poor economy he inherited

Now do tell have we increased or lessened our deficit under Trump, or did they raise to over one trillion dollars per year while the economy is improving?


+14 more 
posted on Aug, 20 2018 @ 08:56 AM
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a reply to: Southern Guardian

You are right to pint this out

Remember when the tea party was concerned about the deficit?

Where are they now?

I was all for cutting taxes. The problem is that you must also cut spending, which trump isn’t doing

I will not play whataboutism here

I was thoroughly against deficit spending under obama, and I continue to be against trump doing it

It is not sustainable, and every single person should be calling this out, particularly fiscal conservatives


+2 more 
posted on Aug, 20 2018 @ 08:58 AM
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originally posted by: mzinga
a reply to: neo96

Guess people don't understand debt versus deficit. This is such a silly rallying cry. If you actually care to look at more than numbers then you understand a few things.

1. Obama inherited one of the worst economies in history
2. Obama actually reduced the deficit by almost 66%
3. Debt racked up under Obama was amplified by Bush tax cuts and the poor economy he inherited

Now do tell have we increased or lessened our deficit under Trump, or did they raise to over one trillion dollars per year while the economy is improving?


Bull and crap.



posted on Aug, 20 2018 @ 08:59 AM
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a reply to: Bluntone22

Or, without affecting the pay of front line service persons, get the same work done with the same gear, and manpower but pay less to do it?

How about starting with people whose function in the Pentagon is not understandable from a laypersons perspective, getting rid of them entirely? How about forcing the entire DOD to work with ONE accounting system, through one accounting office? That would streamline the cost of processing the administrative elements of running the structure by a significant amount, while making it easier to see where public money is being invested, which would be great, and as a side note is imperative to prevent the government/military/intelligence groups investing in techniques and technologies which threaten the liberty of American citizens, without being detected by the people themselves!


+2 more 
posted on Aug, 20 2018 @ 08:59 AM
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a reply to: neo96

Well?


Show your work then... go on!


+3 more 
posted on Aug, 20 2018 @ 09:03 AM
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a reply to: neo96

Pretty much sums it up from you.

We get a but Obama and a bill crap.
How's the kool aid?


+4 more 
posted on Aug, 20 2018 @ 09:03 AM
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a reply to: TrueBrit




1. Obama inherited one of the worst economies in history


Obama inherited the Glass Stegal Repeal that ran it's course and creating a housing bubble with GOVERNMENT backed GSE's.




2. Obama actually reduced the deficit by almost 66%


The same way Clinton did? creative accounting with the three card monty.




3. Debt racked up under Obama was amplified by Bush tax cuts and the poor economy he inherited


Clearly IGNORING the EFF out of $1 trillion+ in student loan debt and Trillion dollar shovel ready BULLSNIP.

Not to mention the wealth destruction of the Affordable Shaft Act, but hey who cares.

Deficit suddenly matters.



posted on Aug, 20 2018 @ 09:05 AM
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Great opinion piece 😏



posted on Aug, 20 2018 @ 09:09 AM
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a reply to: TrueBrit

Pretty invested in American politics for a brit



posted on Aug, 20 2018 @ 09:10 AM
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originally posted by: hombero
a reply to: TrueBrit

Pretty invested in American politics for a brit


That's coz 'Murica is still a British Colony.




posted on Aug, 20 2018 @ 09:12 AM
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The Trump deficits are the result of changes in federal spending and revenues that will continue to be in place until some president and Congress decide to reverse them, that is, to increase taxes and make cuts to popular programs.


Why can't we make cuts to UNpopular programs just the same???

Pork is still a thing, right??



posted on Aug, 20 2018 @ 09:14 AM
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a reply to: neo96

Yes he did inherit that and its courses. I'm not saying that Obama had anything to do with the recovery I'm stating facts. You come in and blame Obama for everything I point out a few facts and you try to start spinning.

It is simple economics that in a recession tax revenue goes down and debt goes up. We all know this right? But but but Obama is just as much fake news as CNN and Faux at this point in time.

Deficit did reduce by 66% and is proven very well, you can't just come at that with bull and crap. Trump DID inherit a great economy. Has he made it better or worse? Who the heck knows.

You can't defend tax cuts and increased spending and come in here and bash Obama. I mean seriously going to student loans? The double standards we see every day is shocking. I used to read about how much money we spent on Obama vacations every day... Where are those cries now?



posted on Aug, 20 2018 @ 09:15 AM
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originally posted by: Bluntone22
People really need to get off the military budget crap.
The military doesnt have enough money to function at the capacity they are being required to preform.

You want less military spending?
Then give them less mission load.



I think the world would appreciate that as well. It should be renamed to Department of Offense. Get back to "defense" and drop the spending.



posted on Aug, 20 2018 @ 09:16 AM
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a reply to: Southern Guardian

Deficits do matter and we're currently paying $200 - 250 BILLION PER YEAR just on the INTEREST on that debt.

It is unsustainable, but I have a sneaky suspicion that you also support "Medicare for All" that would send us into a financial oblivion.



posted on Aug, 20 2018 @ 09:17 AM
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a reply to: Southern Guardian

Yep. And when it all falls apart, the people that caused the next collapse - Trump and Co. - will somehow end up profiting from it, and at the same time they'll be running around screeching about how "nobody could have seen this coming!". And then they'll try to twist it around and try to blame "the librls" or gays or immigrants or the current boogie man of choice. And the drones will eat it up.

Very sad. Hard to be present during the collapse of a once great culture. The US has been in a state of collapse for a while, and with these clowns in a position of power that collapse is accelerating.

Interesting times ahead.




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