Posted on 12/21/2019 12:07:04 PM PST by Nero Germanicus
President Trump on Friday signed two spending packages totaling $1.4 trillion, averting a government shutdown at midnight.
The bills included all 12 annual appropriations bills for the 2020 fiscal year that started Oct. 1. They also included a slew of tax cuts, extending expiring and expired tax breaks and eliminating other taxes that amount to an additional $426 billion in lost revenue, bringing the total cost of the bill to more than $1.8 trillion.
The government spent the first quarter of the fiscal year operating on stopgap funding that was set to expire on Friday. Trump reportedly signed the bill while aboard Air Force One en route to Mar-a-Lago for the holidays.
Trump’s signature brings to a close a fraught year for spending. At the same time last year, his refusal to sign a stopgap measure over funding his proposed border wall led to a 35-day shutdown, the longest in the nation’s history.
In the final deal, Congress again refused Trump’s $5 billion border wall request, instead leaving a flat $1.375 billion for physical barriers in circumscribed areas.
The bills did not refill $3.6 billion from military construction programs Trump transferred to the wall.
All in all, the bills raised defense spending by $22 billion.
Democrats claimed major victories in the bills as well, such as $25 million to fund research into gun violence, the first such funding in 20 years, $425 million for election security, increased funding for climate research and full funding for the 2020 census. They included a 3.1 percent pay increase for federal workers, matching the raise for members of the military.
(Excerpt) Read more at thehill.com ...
Any Republican complaints about fiscal irresponsibility in Washington have been falling on deaf ears for me since George W. Bush and John Boner expanded the Federal budget from $2 trillion to $3.5 trillion in just eight years. And that doesn’t even include off-budget appropriations like the pallets of billions of dollars of U.S. currency that was used to pay contractors and bribe tribal leaders in the Iraq war and occupation.
Unless you havent been observant, The Hill is (mostly) not lib. Just like any reporting bureau, they have lib reporters too to make them look like “impartial”. But historically, they call it down the line..
Would you prefer the obvious fake news central like CNN?
But that's what the American people want....Garbage In, Garbage Out!
We have to get the house back along with 60 Repub Senators AND President Trump.
DIDN’T HE PROMISE HE WAS NEVER GOING TO SIGN ANOTHER ONE OF THESE?
Trump’s business plan has always been working on large debit. I never expected him to cut the budget. Throwing criminals in jail... That is what I want for “next” Christmas
...
He knows he has to pick his battles. With so many swamp creatures still in the House and Senate not only does he have to have both houses in his favor but he has to be able to shame them and call them out in public to make them stop spending so much. A lot of the retiring Republicans are swamp creatures not all but most of them. It will take some time but we will get there.
How in God's name can it cost the U.S. taxpayers $1.4 trillion just to avert a "government shutdown"? That's 1,400 "billion dollar bills". With a single "one billion dollar bill" equalling 1,000 "one million dollar bills". If there were such denominations. The enormity of this allocation is totally off the charts insanity.
There hasn’t been a constituency for fiscal restraint for a decade now. The early Tea Party was the last gasp, it seems.
Not going to happen.
Yep and the Afghanistan expense total is now over $1 Trillion. More new $$ in this omnibus for Afghanistan security forces than the border wall/CBP.
https://www.redstate.com/bonchie/2019/12/19/trump-veto-1.4-trillion-omnibus-bill-wont
INFINITELY MORE distracting than rock and alcohol.
I’ve imbibed in both since my mid teens and it’s NEVER interfered with or detracted from my conservatives views.:)
I’m not blind to the bad messages in some rock songs but they are not the norm.
The msm and POP music pushing gay marriage, freaks (TS) and globull warming are MUCH, MUCH more dangerous.
Have a good day FRiend.
You got it!
From Bing:
“REAGAN DELIVERS HIS BUDGET TO CONGRESS WITH A WARNING …
“Mar 11, 1981 · President Reagan sent to Congress today a proposed $695 billion budget for the fiscal year 1982 that he portrayed as the centerpiece of his plan to ‘’stop runaway inflation’’
1982 budget: $695 billion
2019 budget: $4.4 trillion (or maybe even more)
“It’s only money. Our grandkids money.”
The older people with money in the bank and getting 2% interest are the ones paying the price.
The federal budget has gone up over 600% in 38 years.
Our grandkids had better have gold or silver coins.
The US Government, permanent bureaucracy and nanny-state are on nearly complete auto-pilot. They are fed by massive debt, printed, fiat money and manipulated interest rates - courtesy of the Federal Reserve.
Trump, Congress, nor anyone else won’t / can’t change any of that.
Trump couldn’t even win a budget battle with Republicans controlling BOTH houses of Congress. Everyone should know by now that a president’s spending proposals are nothing more than political posturing.
Expect to lose wealth if you buy bonds or put your money in a bank.
Most everybody here will be getting poorer in my lifetime.
I wouldn’t care if the president signed a $500 trillion spending bill as long as it was based on $0 in tax revenue.
At this point there’s no point in trying to fight about budgetary measures anymore both Republicans and Democrats all feet at the trough there’s nobody willing to fight this fight so you’ll just be alone doing it
and Furthermorein my view money is not real- I repeat - money is not real anyway so it really doesn’t matter
For example China - supposedly has all these bank notes of ours and owns all this debt - and look at the problems that they have ! and look at how dependent they are on us !
because real economy doesn’t really have anything to do with money - that’s what the facts of the world are!
Economies in the world existed for millennia before there was money
Gold and silver obviously were for sure for real
What True economics has to do with has to do with entrepreneurism and people wanting to work
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.