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Budget deficit smashes $1 trillion mark, the highest in seven years

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posted on Sep, 12 2019 @ 10:33 PM
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The total shortfall rose to nearly $1.07 trillion, thanks to a difference between revenue and expenses of more than $214.1 billion in August. The government last saw that large of a fiscal deficit in 2012, when the gap was nearly $1.1 trillion.


I know most of the conservatives around here on ATS don't care though. Rush has you covered:


CALLER: Republicans can nominate a young, potentially two-term president, one that believes in fiscal conservatism. We’re gonna have-- In 2019, there’s gonna be a $1 trillion dollar deficit. Trump doesn’t really care about that. He’s not really a fiscal conservative. We don't, we have to acknowledge that Trump has been cruelly used.

RUSH LIMBAUGH (HOST): Nobody is a fiscal conservative anymore. All this talk about concern for the deficit and the budget has been bogus for as long as it’s been around.


Where's the TEA Party now? Too busy on Twitter with #orangemangood




posted on Sep, 12 2019 @ 10:37 PM
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Don't worry. If you get your wish and the progressives get power, free health care, free college, reparations and every other item on their wish list will make trillion dollar deficits seem like pennies.

Effectively, they'll be saying, "Hold my beer."



posted on Sep, 12 2019 @ 10:48 PM
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a reply to: ketsuko

Bingo! Americans are getting a super bargain with only a $1 Trillion deficit!



posted on Sep, 12 2019 @ 10:52 PM
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originally posted by: links234
Source


The total shortfall rose to nearly $1.07 trillion, thanks to a difference between revenue and expenses of more than $214.1 billion in August. The government last saw that large of a fiscal deficit in 2012, when the gap was nearly $1.1 trillion.


I know most of the conservatives around here on ATS don't care though. Rush has you covered:


CALLER: Republicans can nominate a young, potentially two-term president, one that believes in fiscal conservatism. We’re gonna have-- In 2019, there’s gonna be a $1 trillion dollar deficit. Trump doesn’t really care about that. He’s not really a fiscal conservative. We don't, we have to acknowledge that Trump has been cruelly used.

RUSH LIMBAUGH (HOST): Nobody is a fiscal conservative anymore. All this talk about concern for the deficit and the budget has been bogus for as long as it’s been around.


Where's the TEA Party now? Too busy on Twitter with #orangemangood




Facts:
National Debt During Obama Second Term Start - Approximately 15 trillion
National Debt At End of Obama Second Term - Approximately 20 trillion
National Debt at Start of Trump First Term - Approximately 20 trillion
National Debt at Present - Approximately 23 trillion

These values are give or take 1 trillion

PS National Debt At Obama First Term Start - Approximately 10 trillion

George W Bush First Term Start 5 Trillion
George W Bush Second Term End 10 Trillion

Let me know when orange man pushes 25 trillion, before I put on my "Oh no!" cap.

As it stands, he's beating the same numerical increases that occurred during the Obama presidency.
(Even if you factor in inflation? It still looks pretty good for orange man.)

Also, wow at the fact that over George W's two terms, National Debt only increased 5 trillion. National Debt increased 10 trillion over Obama's two terms.
edit on 12-9-2019 by Archivalist because: yawn



posted on Sep, 12 2019 @ 10:53 PM
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Well how else is the economy supposed to expand ?

🙂



posted on Sep, 12 2019 @ 11:12 PM
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originally posted by: carewemust
a reply to: ketsuko

Bingo! Americans are getting a super bargain with only a $1 Trillion deficit!


I wish there was a facepalm meme big enough for this comment.



posted on Sep, 12 2019 @ 11:41 PM
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originally posted by: links234
Source


The total shortfall rose to nearly $1.07 trillion, thanks to a difference between revenue and expenses of more than $214.1 billion in August. The government last saw that large of a fiscal deficit in 2012, when the gap was nearly $1.1 trillion.


I know most of the conservatives around here on ATS don't care though. Rush has you covered:


CALLER: Republicans can nominate a young, potentially two-term president, one that believes in fiscal conservatism. We’re gonna have-- In 2019, there’s gonna be a $1 trillion dollar deficit. Trump doesn’t really care about that. He’s not really a fiscal conservative. We don't, we have to acknowledge that Trump has been cruelly used.

RUSH LIMBAUGH (HOST): Nobody is a fiscal conservative anymore. All this talk about concern for the deficit and the budget has been bogus for as long as it’s been around.


Where's the TEA Party now? Too busy on Twitter with #orangemangood


Let's look at solutions.
What programs would you like to cut to get us out of the deficit?

For me to cut USA's aid to other countries, closing down some military bases overseas (as well as ending active military action [as we can]), and fixing public aid programs domestically.
Let's come together and think where we can cut some major programs to get spending out of the deficit.
edit on 12-9-2019 by randomtangentsrme because: Eating and posting makes sence, but dosn't equate to the full realization of ones thoughts, at times.



posted on Sep, 13 2019 @ 01:13 AM
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a reply to: Archivalist

National debt and deficit are two different things tho...



posted on Sep, 13 2019 @ 03:52 AM
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originally posted by: randomtangentsrme

originally posted by: links234
Source


The total shortfall rose to nearly $1.07 trillion, thanks to a difference between revenue and expenses of more than $214.1 billion in August. The government last saw that large of a fiscal deficit in 2012, when the gap was nearly $1.1 trillion.


I know most of the conservatives around here on ATS don't care though. Rush has you covered:


CALLER: Republicans can nominate a young, potentially two-term president, one that believes in fiscal conservatism. We’re gonna have-- In 2019, there’s gonna be a $1 trillion dollar deficit. Trump doesn’t really care about that. He’s not really a fiscal conservative. We don't, we have to acknowledge that Trump has been cruelly used.

RUSH LIMBAUGH (HOST): Nobody is a fiscal conservative anymore. All this talk about concern for the deficit and the budget has been bogus for as long as it’s been around.


Where's the TEA Party now? Too busy on Twitter with #orangemangood


Let's look at solutions.
What programs would you like to cut to get us out of the deficit?


Howz aboutz that little program, that 'supposedly illegally' borrows money from the Fed, and private banks, instead of printing it, and spending it on infrastructure, interest free ?

Same deal here in Canada, but nobody talks about it.
No media. No journalists.
Nobody cares.
Maybe the lube has an analgesic effect on our brains as well ?



The interest on the national debt is how much the federal government must pay on outstanding public debt each year. The interest on the debt is $479 billion. That's from the federal budget for fiscal year 2020 that runs from October 1, 2019, through September 30, 2020.





The interest on the debt consumes 10% of the FY 2020 U.S. federal budget.


Source: The Balance.

10% budget cut tomorrow, if one were to tell the banks, and the FED, that no more interest would be paid.
Screw-em and their 'too big to fail', and need that profit to continue to register obscene profits, on the backs of hardworking citizens.
Or would you rather contribute voluntarily, your own individual share, of around $1300.00 ?
How many days do you have to get-up, fight traffic, and go to work, get yelled-at by your boss, to earn that much ?

But, but, but: they need their profits !
edit on 13-9-2019 by Nothin because: sp



posted on Sep, 13 2019 @ 06:21 AM
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originally posted by: randomtangentsrme

originally posted by: links234
Source


The total shortfall rose to nearly $1.07 trillion, thanks to a difference between revenue and expenses of more than $214.1 billion in August. The government last saw that large of a fiscal deficit in 2012, when the gap was nearly $1.1 trillion.


I know most of the conservatives around here on ATS don't care though. Rush has you covered:


CALLER: Republicans can nominate a young, potentially two-term president, one that believes in fiscal conservatism. We’re gonna have-- In 2019, there’s gonna be a $1 trillion dollar deficit. Trump doesn’t really care about that. He’s not really a fiscal conservative. We don't, we have to acknowledge that Trump has been cruelly used.

RUSH LIMBAUGH (HOST): Nobody is a fiscal conservative anymore. All this talk about concern for the deficit and the budget has been bogus for as long as it’s been around.


Where's the TEA Party now? Too busy on Twitter with #orangemangood


Let's look at solutions.
What programs would you like to cut to get us out of the deficit?

For me to cut USA's aid to other countries, closing down some military bases overseas (as well as ending active military action [as we can]), and fixing public aid programs domestically.
Let's come together and think where we can cut some major programs to get spending out of the deficit.


Definitely quit spending over seas. That includes closing bases. Domestically, consolidating fbi, atf and other law enforcement agencies into one department. No one loses their job, just less money to waste.



posted on Sep, 13 2019 @ 07:21 AM
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a reply to: links234

It's going to be hard to keep future deficits under $1 Trillion when the total debt is so high that we're expected to pay $389 BILLION in interest alone for 2019.



posted on Sep, 13 2019 @ 07:31 AM
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Congress (D) passing monster spending bills. Trump doesn't think it's worth the hassle to shut down the govt over spending bills. I can see where he's coming from. He took away the media and liberal talking point and just signed it. No more BS whining about pushing granny off a cliff in wheelchair.

If Tea Party or Republicans care they need to get Congress replaced with fiscally responsible people. Generally speaking, that's not Democrats.
edit on 13-9-2019 by jjkenobi because: (no reason given)



posted on Sep, 13 2019 @ 07:52 AM
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And yet no folks propose slashing defense spending.

With $800 billion in projected spending for next year (possibly even approaching a trillion US dollars if you factor in other things), it is not surprising.



posted on Sep, 13 2019 @ 08:00 AM
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originally posted by: Deetermined
a reply to: links234

It's going to be hard to keep future deficits under $1 Trillion when the total debt is so high that we're expected to pay $389 BILLION in interest alone for 2019.


It is especially hard when no one will touch the big three entitlements in the bargain.



posted on Sep, 13 2019 @ 08:00 AM
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a reply to: jjkenobi

Generally speaking, you aren't going to be able to load Congress with Rand Pauls.



posted on Sep, 13 2019 @ 09:08 AM
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originally posted by: Deetermined
a reply to: links234

It's going to be hard to keep future deficits under $1 Trillion when the total debt is so high that we're expected to pay $389 BILLION in interest alone for 2019.


If the government was actually interested in paying the debt, they'd take control of it.
Do you really think the entire country is a financial slave to a handful of bankers just because of some made up numbers?

If the federal government took control of the federal reserve, they could "print" money to pay off any foreign debt with a few keystrokes, then nullify the "interest" on the existing "debt" - essentially the government would owe itself money.
We aren't that far off from it now- the only reason the fed is allowed to exist is because our own government is so GD corrupt that even THEY know they can't be trusted with control over inflation. They'd inflate their own budget 100 fold the first year alone and crash the already doomed currency overnight.



posted on Sep, 13 2019 @ 09:13 AM
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a reply to: links234

It's interesting.

While I do agree that government is spending too much and doing it poorly, many here including yourself, want to raise taxes so government will have more to spend poorly.



posted on Sep, 13 2019 @ 09:24 AM
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a reply to: links234

The trade deficit will likely continue to grow since we are a consumerist society and are becoming more of a service-oriented economy.

And separately, the debt issue is a huge concern. It is (and has been) out of control since the past several administrations. Future generations are going to be stuck with this crippling debt (of $183,000 per taxpayer right now... because of unaccountable politicians who just want to make promises to get/stay elected without making the tough decisions)

usdebtclock.org...




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