Federal deficit grows by 32% to $900B

LV426 said:
OMFG.

So you screeched like a barnyard animal that I address your bad faith line of questioning regarding the debt. I tell you that I don't really consider the debt a major issue, and that just was not the answer you were expecting. You were expecting me to share in your fake outrage over the debt your policies caused, only to be disappointed to find out that I don't pretend to care about the debt like you do.

Why don't you explain to me, using your own words, why the debt is so important to you?
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Maybe you don't think a credit downgrade is important. Only you know why.

In case you didn't know, it occurred during the black BOY'S presidency and was the first time it happened. But all you have to is to pucker up to his black ass and kiss away.
 
LV426 said:
The economy is not in good shape, dude.

GDP growth in Q2 was inflated by the tariffs. That won't carry over into Q3 and Q4. In fact, because of an increase in orders in Q2, that will lead to a decrease in orders in Q3 and Q4. It's why I think that we'll be in a recession by this time next year.

Wage growth = stagnant

DJIA = stagnant

Companies still outsourcing jobs.

The tax cuts caused the deficit to soar. They're the only thing responsible for that. Why not just admit that they were a scam this whole time? What have you got to lose by admitting that?
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With the deficit increasing that makes it more important to cut spending.
 
LV426 said:
Yeah, by eliminating loopholes and forcing companies to pay the actual amount.

All this tax reform did was cut the rate, but it didn't even cut the rate to levels below what other countries have, so all this accomplished was ballooning the deficit by 32%, that way people like you can feign outrage over the deficit and propose spending cuts you've always wanted, but could never achieve through normal legislation. You practice fiscal terrorism. You deliberately wreck the budget, scream your heads off about the consequence of wrecking the budget, then propose your ideological mandate as the only solution to the deficit crisis caused by your shitty tax policy.

I see right through it for what it is.
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I'm not sure what you think you see through. I'll tell my positions and what I believe. I'm not trying to hide anything f
 
LV426 said:
NO!

Everything in our economy happens for a reason. Recessions don't just occur "just because". Something causes them to happen. What will cause this recession is the drop in manufacturing orders because of the tariffs. That will result in job loss and price increases, which will result in lower consumer spending. When spending declines, that's what causes the economy to contract.

It's magical thinking to assume recessions happen just because and it's an ordinary occurrence. It's not. It's caused by deliberate action. In this case, your shitty Russia Tax Cut and your shitty Tariffs.
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Recessions are calitalisms way of clearing out the bad sh*t to phrase it simply. You seem to believe there was not going to be any negative repercussions for the Feds easy money policies and the asset bubbles they created.

I'll self ban for a year if you can find a single post where I said I supported tariffs. If not admit you lied.
 
LV426 said:
I think you'll come to realize we have a revenue problem, not a spending problem.
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Spending increased faster than revenues--that makes it a spending problem.

Revenues & Spending as a % of GDP

1950 14.1% revenues 15.3% spending
2017 17.3% revenues 20.8% spending
 
LV426 said:
Federal deficit soars 32 percent to $895B

They said the Russia Tax Cuts would pay for themselves.

Tax cuts never pay for themselves.

Never.

Ever.
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Revenue is UP you willful idiot. The deficits are not from tax cuts you moron, they are caused by spending MORE than you are taking in.

The August statistics were somewhat inflated, however, due to a timing shift for certain payments, putting the deficit measure through August slightly out of sync with the previous year, the CBO noted. Had it not been for the timing shift, the deficit would have increased $154 billion instead of $222 billion.
 
LV426 said:
The economy is not in good shape, dude.

GDP growth in Q2 was inflated by the tariffs. That won't carry over into Q3 and Q4. In fact, because of an increase in orders in Q2, that will lead to a decrease in orders in Q3 and Q4. It's why I think that we'll be in a recession by this time next year.

Wage growth = stagnant

DJIA = stagnant

Companies still outsourcing jobs.

The tax cuts caused the deficit to soar. They're the only thing responsible for that. Why not just admit that they were a scam this whole time? What have you got to lose by admitting that?
Click to expand...

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LV426 said:
Yeah, by eliminating loopholes and forcing companies to pay the actual amount.

All this tax reform did was cut the rate, but it didn't even cut the rate to levels below what other countries have, so all this accomplished was ballooning the deficit by 32%, that way people like you can feign outrage over the deficit and propose spending cuts you've always wanted, but could never achieve through normal legislation. You practice fiscal terrorism. You deliberately wreck the budget, scream your heads off about the consequence of wrecking the budget, then propose your ideological mandate as the only solution to the deficit crisis caused by your shitty tax policy.

I see right through it for what it is.
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:lolup:Moron thinks Corporations pay taxes. What a fucking idiot. :rofl2:
 
Flash said:
Spending increased faster than revenues--that makes it a spending problem.

Revenues & Spending as a % of GDP

1950 14.1% revenues 15.3% spending
2017 17.3% revenues 20.8% spending
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Thank you. And the problem with the not enough revenue argument is there will never be enough revenue for all that we would like to do so it reduces accountability. Otherwise you can waste and spend inneficiently yet all you have to say is we need more money. Government has proven over and over it is not good stewards with our tax dollars. They don't need to be rewarded with more
 
cawacko said:
Recessions are calitalisms way of clearing out the bad sh*t to phrase it simply. You seem to believe there was not going to be any negative repercussions for the Feds easy money policies and the asset bubbles they created.

I'll self ban for a year if you can find a single post where I said I supported tariffs. If not admit you lied.
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Tariffs do not cause deficits. I don't know what that lying leftists dunce is even trying to say.
 
Cypress said:
It's really weird how Teabaggers (aka, former Bush supporters) were so concerned and alarmed by the deficit, oddly only between January 20, 2009 through January 20, 2017.
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Weirder still when lying liberal dumbfucks like you argue using STRAWMAN claims.
 
Cypress said:
It's really weird how Teabaggers (aka, former Bush supporters) were so concerned and alarmed by the deficit, oddly only between January 20, 2009 through January 20, 2017.
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Yup.

Conservatives loved Bush, until the results of his policies were unfavorable. So they tore off the Bush/Cheney shirts and stapled a few teabags to their faces to posture over debt. Then when the Teabags achieved nothing with the power they got, suddenly the teabags came off and magically the "freedom caucus" and MAGA emerged. Now, they're trying to do another rebrand, this time to "classical liberalism".

Other than them, who is fooled by this shit?
 
cawacko said:
Thank you. And the problem with the not enough revenue argument is there will never be enough revenue for all that we would like to do so it reduces accountability. Otherwise you can waste and spend inneficiently yet all you have to say is we need more money. Government has proven over and over it is not good stewards with our tax dollars. They don't need to be rewarded with more
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Yet historically in the last 40 years the ONLY Congress to have balanced the Federal budget and spend less than they took in was the Republican Congress with Newt Gingrich as Speaker of the House.

It will happen again if we all give Republicans and Trump a chance.
 
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