With the Democrats in the House? And the GOPe in there before them? Not going to happen until disaster strikes.
I wouldn’t believe much of anything from The Hill.
Even if they are correct on some factual data they will spin it to whatever their agenda is.
I saw the headline and said to myself: New York Times.
I was wrong...it was New York Times-Lite.
Pshaw! All we need to do is reduce the Nation. No nation, no debt.
LIke my tag line says. Shear stupidity
1) The deficit is NOT related, in any way, to the POTUS. It is a function of spending, and Congress has the purse strings. Trump’s proposed budgets had actual cuts in spending.
2) Debt is now 90% of GDP? If true we are moving in the right direction. It WAS 100% of GDP. Thanks to deregulation and tax cuts our GDP has grown faster than the debt.
The tax and spend congress critters are causing the debt to balloon. If only Trump was a dictator, then he would be responsible for the accelerating debt. But unfortunately, only the congress can initiate spending bills.
Another point to keep in mind is that majority of spending is not discretionary. Things like Medicare, Social Security are not discretionary spending. And no one has the kahuna’s to cut those items. Because the seniors will crucify them at the polls.
What would happen if POTUS simply declares that we will default on all debt? The Treasury would go to zero and we’d then need to reboot and reset our global financial relationships, especially with China. Stop the printing press. We’d still be one of the best games on town to bet on and do business with. At least we’d have some control. Of course, the legislative overhaul in the house would need to be massive but it’s run by children. Yeah... We’re screwed, sooner or later.
Needless to say, it is far too early to make a definitive assessment of the major shift in U.S. trade and budget policy on Trump’s watch. But the initial indications give reason for considerable concern.
Far from strengthening the country’s external accounts, the Trump import tariffs and budget largesse are doing the reverse, as indicated by a widening U.S. trade deficit.
The sHill is at it again with their lies. It will take decades of reciprocal tariffs to even trade imbalances, but those myopic fools that can only see the next quarter things look bad.
Year over year federal income grew form 2017 to 2018 ad is projected to increase again in 2019 and 2020.
Wait, let me get this right
Last week we all witnessed the Democrat party promising free healthcare to the entire planet, all they have to do to get is, well come here anyway they can.
And we are worried about Trump spending?
Nuts on parade
Look at it like an invasion. A group of people came into the country and took control of it. They kept that control off and on, in many ways, for about 100 years. During that time, they changed the way things had been done to include many of the country’s base theologies, religion, finance, opportunity, education, wealth distribution, and a few others. An example is like the point that until a short time in the early 2000’s, this group had control of, at least, one of the three ruling bodies, and the supreme court from 1953 to 1969 with Warren in charge and in 1969 when the Burger court took the reins and didn’t do anything to change the liberal policies of the Warren court until 1986 at which time the country’s policies had been cemented in.
A strong new leader steps in in the 1980’s and is, literally, screwed by congress. A soft leader comes in the early 90’s and did almost nothing, followed by a complete disaster for the rest of the decade. Another soft one, early 2000’s followed by an evil one until 2016.
See the pattern? Slowly but surely, that invading group has systematically changed our existence into subservience of there’s whether they have to run things or not. There is an increase in spending. But most of it is to repair the mess those invaders made. And to get rid of this infestation, is going to take time, money, and scratching every inch of the way as they are still around making every effort to hold their ground.
One once said that Rome wasn’t built in a day. A lot more here than just tearing down a city. We’ve got to do that and convince the world we are no longer their unlimited supply of everything from food, money, and protection using the lives of our citizens. But that’s what the invaders caused and too many of our people couldn’t or didn’t stop. And the new guy on the block has to clean it up with almost no help from the people he should be able to count on and is expected, or cursed, with having to fix it in four years what took over 100 to break.
He’s done a lot. But he ain’t God. Don’t expect him to be.
rwood
I don’t recall The Hill being so concerned about deficits when Obozo was in office...