Posted on 10/15/2018 6:11:48 PM PDT by mdittmar
Washington, D.C. – Democratic Leader Nancy Pelosi issued this statement following a report by the Trump Administration’s own Treasury Department that the U.S. budget deficit rose 17 percent to $779 billion in FY2018, the highest level since 2012, due to the deficit-increasing consequences of the GOP Tax Scam:
“The bitter reality of the Republicans’ tax scam dishonesty is laid bare by the Trump Administration’s own report. Republicans passed a tax scam for the rich that is adding $2 trillion to the deficit in order to give massive tax breaks to Big Pharma, big banks, big corporations shipping jobs overseas and the wealthiest 1 percent.
“Under the Republican agenda, the rich get richer, and everyone else is stuck paying the bill. Republicans have exposed their true agenda in budget after budget: add trillions to the deficit, and then use those deficits to justify slashing the Medicare, Medicaid and Social Security that seniors and families rely on.
“Democrats are For The People: lowering health costs and the price of prescription drugs, increasing pay and driving strong growth by rebuilding America, and cleaning up corruption to make Washington work for the people.”
That puts a new wheel on the wagon;)
How would they know what impact a tax cut would have on revenue collection before the end of the tax year?
Oh please, nancy, just shut your pie hole, mount your broom, and fly away.
Didn’t she say she got more than she asked for in the budget?
Umm.. feds raise interests rates, debt rates go up.
Trump doesn’t have the leisure of 8 years of funny money.
He is still kicking your ass hag.
Yo, Nancy the deficit is on you:
“No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time.
ARTICLE I, SECTION 9, CLAUSE 7
“Trump is For The People: lowering health costs and the price of prescription drugs, increasing pay and driving strong growth by rebuilding America, and cleaning up corruption to make Washington work for the people.”
There fixed it! LOL
Love to see the democrats deficit and debt reduction plan. No such thing exists as we know.
She forgot to include her husband and Fineswine’s in her “analysis!” They are a couple of the biggest RAT hogs at the Government Trough. Also Nancy doesn’t mention that under Obola the national debt doubled and we still had a $hit economy for eight years.
US budget deficit expands to $779 billion in fiscal 2018 as spending surgeshttps://www.cnbc.com/2018/10/15/us-budget-deficit-expands-to-779-billion-in-fiscal-2018-as-spending-surges.html
Any damn fool can cook the books but don’t feed me BS and call it ribeye Nancy.
PASS ANOTHER TAX CUT!
And, tax reform without spending reform is a fool’s game. Always has been and always will be.
Stop the fedgov overreach and shut down the spending!
Agreed. From the WSJ:
At the same time, government spending rose 3% last year, to $4.1 trillion. Rising interest rates and the amount of total debt outstanding drove up federal interest costs 14% last year from fiscal 2017, or $65 billion. Mr. Trump has complained that Federal Reserve interest rate increases are driving up government costs.
...
We are having to pay interest on all that debt piled up to prop up the Obama economy.
I wonder if our trading partners are having their interest rates raised in conjunction with a renewed American economic surge?
Maybe world rates need to be raised to level the debt playing field?
Why not try a dramatic and novel tactic: PASS A TREMENDOUS SPENDING CUT—NOW! Quit spending money that isn’t in the Treasury. I don’t mean a pledge to reduce the deficit 10% ten years hence unless some Congressman thinks of some way to increase spending in the interim. In this booming economy with this dire debt situation, the Congress should run trillion-dollar annual surpluses. We’re running an annual deficit of $1.216 trillion. What will happen when the Democrats (or dare I say Republicans) go on a spending spree, especially in the next recession? Can we survive our debt, or will our economy collapse beneath it like that of Greece? I prefer not to experiment. ATTENTION Congress: Just say no to spending NOW.
Republicans passed a tax scam...
It's difficult to fathom the low level of a mind that would continue to fall for that particular piece of BS.
I seem to recall that the Democrats demanded an extra $300 Billion in spending be included in the last spending bill. Maybe you should start there Nancy.
She still thinks a lot of unemployment puts tons of money back into the economy via all them checks being handed out...her plan is for 95% unemployment which will make us rich....Venezuela rich...
Doesnt this twat understand its spending not revenue? I couldve sworn I saw tax revenue was actually up.
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