OK, this is the last time you'll see me, promise.
Posted on 02/21/2019 7:17:07 AM PST by SeekAndFind
Apparently Republicans aren’t worried about it. It’s been Full Speed Ahead on the spending.
I’m afraid they’ve come to the same conclusion that I have. That the rest of the world relies on the US economy, and that is totally dependent on Fed printing presses and Jedi mind games.
Hence we’ll be able to print and spend for many years into the future and nobody on the globe is going to say boo about it.
Maybe, it’s just me, but I am tired of the “Bueller?” references.
Grow the economy as fast as possible and prevent the Federal Reserve from causing a recession.
Just pay it off.
A reverse mortgage?
I happened to catch a minute of Fox9 News in Minneapolis the day the debt hit 22 trillion. They said the debt reached 22 trillion today and it is mostly caused by defense spending and the tax cuts.
So if we get rid of defense and tax cuts we will be debt free in no time.
The debt problem is the only American problem that both parties agree upon.
In public.
They also know what to do as they’ve been told for years. Cut government spending across the board by 4.5% and the debt problem becomes less of a problem going forward.
Hahaha.
RE: Grow the economy as fast as possible and prevent the Federal Reserve from causing a recession.
After the Tax Reform bill, the government’s tax revenue actually went UP, not down.
Here’s the problem — SPENDING WENT UP EVEN MORE !!
We’ll never get our debt and deficit under control unless we have spending discipline.
FOAD
Yes, it’s terrible
He didn’t create it.
He didn’t run on it
Blame the last two president’s and the congress’ that operated during their terms.
When GW started spending I wasn’t paying attention since, we had adults supposedly running the White House and I assumed their was a tactical reason for the spend.
It got very out of control and Obama tossed a whole a forest on the fire.
No, the next president will be the one to clean it up and possibly look at old people programs, which will begin to run negative balances in the mid 2030’s
Stiff the Fed.
Look at what's happened since the tax cuts went into effect.
Economists hiked their projections for growth this year once the tax cuts passed. The CBO changed its 2018 forecast from 2% before the tax cuts passed to 3.3% after they took effect. In that same report, the CBO admitted that this added growth would offset a significant chunk of the tax cuts.
Other Democratic big lies about the tax cuts continue to fall.
In fact, corporations are bringing hundreds of billions of dollars in profits back as a direct result of changes in the corporate tax laws — 12% of the nearly $3 trillion held overseas came back to the U.S. in just the first three months of 2018. That will mean more economic growth and additional corporate revenues.
The problem the country faces isn't that taxes are too low, but that spending is too high. The CBO projects that even with the Trump tax cuts in place, taxes as a share of GDP will steadily rise over the next decade, and will be higher than the post-World War II average.
But bringing in more tax revenues doesn't help if spending goes up even faster. And that has, unfortunately, been the case, as the GOP-controlled Congress has gone on a spending spree.
Look at it this way. Tax revenues are up by $31 billion so far this fiscal year compared with last year. But spending is up $115 billion.
In other words, the entire increase in the deficit so far has been due to spending hikes, not tax cuts.
This is another article by never Trumper’s to pin blame on him for a problem that existed well before his presidency and undercut him....
And when Trump leaves the scene, in two years or six, the deficit and debt will again be front and center. Democrats have not cared a whit about the problem for a generation now. They assume that bankruptcy will result in a massive expansion of federal regulatory power to manage the shambles, along with confiscatory taxation and a major shift to taxation of wealth. For the socialists, these are features, not bugs. I presume that most Republicans, post Trump, will prefer to at least go down fighting.
Recreate the Gulag(Siberia). Banish 2-3 million prisoners there. Save $80 billion.
Inflation usually takes care of things like this.
With the USD being the world reserve currency we’re getting a free ride against inflation. Thanks in most part to the corruption of the EU and China. Don’t underestimate their antipathy toward the US and USD.
Zactly.
You won’t see an article giving him credit for record revenues...
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