Posted on 10/20/2023 4:28:02 PM PDT by ChicagoConservative27
The U.S. budget deficit increased 23 percent to $1.7 trillion, an increase of $320 billion, in the year after the Biden administration pushed through the Inflation Reduction Act which it claimed would close the government’s funding gap.
The explosive growth in the deficit came as revenue fell $457 billion from a year ago and expenses decreased by just $137 billion. Total spending for the year came in at $6.134 trillion.
(Excerpt) Read more at breitbart.com ...
Covid,Globull Warming & the Amish Wars are causing the problems.
If only Kevin was still around to slow the spending an iota. /s
The Republicans have been pretty consistent on the 2nd Amendment. That’s good because we’re going to need that. Otherwise, they suck. Yes, they got Roe vs Wade overhauled. But if you look at the big picture, it was a stupid victory. The SCOTUS will bring back Roe vs Wade 10-15 years when the Democratic President gets his judges on the court.
Trump is currently the 8/5 betting favorite.
They’re wrong a lot but not nearly as much most.
This in part goes back to some folks believing DeSantis had a better chance to beat Biden-Ron was 11/1 and Trump was 5/2.
You correct gov lies my goodness just look at the interest rates
The Republican leadership in Congress are a big part of the problem.
“They’re all lining their pockets before the crash.”
It’s the same with public works. They tax the people and then put their own names on the buildings, bridges and highways as if it was their money that built it.
“Perhaps Trump 2.0 will be better, and he try to rein in the spending. We shall see.”
I can’t recall a president ever vetoing a budget. When was the last time?
The Republican House has gone along with spending every penny.
If there was no such thing as NESARA/GESARA, we'd have to create them.
So, good thing they exist.
I don’t know. But the last president to preside over a balanced budget was…Bill Clinton. Many Republicans minimize that accomplishment. They talk about favorable tax rates, Newt Gingrich running the House, etc.
Maybe they’re right. But the fact remains. In the last years of his presidency, Clinton consistently moved the deficit numbers in the right direction. No recent president before or after him can claim that.
Bull crap. Clintoon projected deficits out to forever until the HOR went R. Many of us remember what actually happened.
If true, why did the National Debt increase by 18 Billion in 2000?
Along the linesj of watching it burn… the CBO predicts a $2T deficit for the next ten years. Bidens Inflation Reduction Act failed to produce promised additional revenue. Trumps tax cuts expire after 2025. So revenue isn’t increasing. China and the Fed aren’t buying bonds.
The US deficit does not include off budget items like the Post Office and Social Security. So if you increase Social Security taxes and steal the surpluses temporarily for a short time and fund some on budget items you can cook the books and balance the budget for one year. But it is the end of your 8 year term limit and the newly elected admin must replace SS trust fund bonds with newly borrowed money which explodes the new debt.
Off budget smoke and mirrors is of course why the National Debt increased by $18 Billion and Clinton had a balanced budget.
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Yesterday an idiot here argued to me “ukrain is only .25% of our GDP!”
There’s no chance of $100 billion now. It obvious self sabotage and Democrats plan to blame the GOP for it when it fails to pass the House.
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