Originally posted by 1bad65
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Thanks to Trump, budget deficit is getting bigger
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Originally posted by B.UTLER View PostThe U.S. Treasury Department reported last Friday that the federal budget deficit for the just-completed fiscal year had risen by $80 billion over fiscal 2016 to the ominous-sounding $666 billion, a number many people think is an omen for the coming of the devil or anti-Christ.
In this case they may be right: The spending and taxing policies about to be put in place by the Trump administration and the **********-controlled Congress will balloon the federal deficit to $1 trillion or more every year going forward.
And unlike the four consecutive $1 trillion deficits recorded during the first years of the ***** administration, these trillion dollar annual deficits will be the result of enacted changes in federal spending and taxing rather than on a temporary economic downturn. Some of these changes will be permanent. Others will need to be reapproved annually but are unlikely to be rejected in the future.
As a result, the Trump/GOP-supported $1 trillion budget deficits are the new normal .
Here's how the annual $1 trillion budget deficits will happen.
In July, the Congressional Budget Office projected (Table 1) that the Trump fiscal 2018 budget will result in an average annual deficit of about $677 billion between 2018 and 2022. But that took the Trump budget proposals at face value and assumed Congress would agree to all the spending cuts proposed by the White House, something that the House and Senate have already shown no interest in doing. That makes the average annual baseline deficit over the next five years closer to $750 billion.
Lost you right there, I'd like to know which fear mongering ******* nutjob website you got this from?
How do you feel about all those countless company's announcing wage increases, bonuses, and investment? I bet you have been using your wifes d1ldo more frequently lately to help substitute the pain of seeing Trump's tax plan succeed.
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Originally posted by JimRaynor View PostLost you right there, I'd like to know which fear mongering ******* nutjob website you got this from?
How do you feel about all those countless company's announcing wage increases, bonuses, and investment? I bet you have been using your wifes d1ldo more frequently lately to help substitute the pain of seeing Trump's tax plan succeed.
Is the fiscal deficit bigger in trump administration than *****, yes or no?
To answer my question. Yes its bigger.
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Originally posted by B.UTLER View PostLove how ignore the fact ***** inherited US on recession and has since handed over to trump a healthy economy
Let the tax cut really take effect young ball and then we will talk about this great nations finances.
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Originally posted by B.UTLER View PostLove how ignore the fact ***** inherited US on recession and has since handed over to trump a healthy economy
Address what I said about debt, please.
Then I'll be happy to move on and explain to you that an economy growing at 2% (and *****'s last year was 1.5%) is not a "healthy economy".
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Originally posted by 2shameless View PostPresident Trump has his work cut out for him if he wants to catch the 10 trillion dollar man.
[IMG]http://i1.wp.com/www.triceedneywire.com/images/stories/BusinessImages/barack%20*****%20and%20louis%20farrakhan%20by%20as kia%20muhammad.jpg?quality=80&strip=all[/IMG]
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Originally posted by 1bad65 View PostThat pic backs up the claim ***** is indeed a racist and an anti-Semite.
Glad we finally got solid proof of that, though the press kept it hidden for a good 10 years.
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