US on track to borrow most money since 2008 financial crisis: report

guno said:
And just where are the howling teabaggers now?
2a6fbe974b9612156e667d71e60ea59e--republican-party-what-s.jpg



The Treasury Department predicted in a report Monday that the government's borrowing needs for the second half of 2018 will be $769 billion - the highest its borrowed since 2008 during the financial crisis.

Bloomberg reports that Treasury foresees issuing $329 billion in net marketable debt between July and the end of September, and another $440 billion between October and the end of the year. The total $769 billion comes in at the highest borrowing estimate since $1.1 trillion between July and December of 2008 in the middle of the financial crisis.


https://www.msn.com/en-us/news/poli...since-2008-financial-crisis-report/ar-BBLjgQC
Click to expand...

We have to fund the expansionist global military empire and subsidize the aristocracy somehow.
 
Thing1 said:
Where is he trying?

He said he was going to reduce it - quickly, and easily. What's he doing?
Click to expand...

He is as we speak laying the foundation.

A prosperous America where everyone is working produces revenue, America at it's core value.

Getting a handle on abuse of spending in both benefit fraud and Government waste.

It will work if we all get on board and not do something stupid like let Democrats anywhere near the money till again
 
guno said:
And just where are the howling teabaggers now?
2a6fbe974b9612156e667d71e60ea59e--republican-party-what-s.jpg



The Treasury Department predicted in a report Monday that the government's borrowing needs for the second half of 2018 will be $769 billion - the highest its borrowed since 2008 during the financial crisis.

Bloomberg reports that Treasury foresees issuing $329 billion in net marketable debt between July and the end of September, and another $440 billion between October and the end of the year. The total $769 billion comes in at the highest borrowing estimate since $1.1 trillion between July and December of 2008 in the middle of the financial crisis.


https://www.msn.com/en-us/news/poli...since-2008-financial-crisis-report/ar-BBLjgQC
Click to expand...

The TEA party got everything they wanted. All they wanted was lower taxes. They don't care where it comes from or how long it lasts. They were fine with accepting a temporary tax cut for the middle class while making a permanent tax cut for the super-rich. And they don't care at all about the US Debt. Meaningless to them.

President Trump and Republicans are sending the debt to the moon:

US Debt in Real Time
 
PoliTalker said:
The TEA party got everything they wanted. All they wanted was lower taxes. They don't care where it comes from or how long it lasts. They were fine with accepting a temporary tax cut for the middle class while making a permanent tax cut for the super-rich.

President Trump and Republicans are sending the debt to the moon:

US Debt in Real Time
Click to expand...

posts like this ^^^ should disqualify you from any further conversation.

You can't fix stupid
 
Cypress said:
Republicans intentionally engineer trillion dollar deficits, so they can later claim there is not enough money for infrastructure, social security, education, and health care, and science programs. IN other words, the deficits are their fault, but other people have to pay for it.
Click to expand...

The United States Congress consists of two chambers: the Senate and the House of Representatives.

1] Congress has 535 voting members.

2] The House of Representatives has six non-voting members representing Puerto Rico, American Samoa, Guam, the Northern Mariana Islands, the U.S. Virgin Islands, and Washington, D.C. in addition to its 435 voting members. Although they cannot vote, these members can sit on congressional committees and introduce legislation.

So as YOU CAN SEE
970 Lawyers are on the Job.
 
PoliTalker said:
The TEA party got everything they wanted. All they wanted was lower taxes. They don't care where it comes from or how long it lasts. They were fine with accepting a temporary tax cut for the middle class while making a permanent tax cut for the super-rich. And they don't care at all about the US Debt. Meaningless to them.

President Trump and Republicans are sending the debt to the moon:

US Debt in Real Time
Click to expand...

All Don's tax cut was, was a redistribution of societal wealth to the aristocracy.
 
bhaktajan said:
The United States Congress consists of two chambers: the Senate and the House of Representatives.

1] Congress has [/B] 535 voting members[/B].

2] The House of Representatives has six non-voting members representing Puerto Rico, American Samoa, Guam, the Northern Mariana Islands, the U.S. Virgin Islands, and Washington, D.C. in addition to its 435 voting members. Although they cannot vote, these members can sit on congressional committees and introduce legislation.

So as YOU CAN SEE
970 Lawyers are on the Job.
Click to expand...

... and we still have colonies.
 
Getin the ring said:
He is as we speak laying the foundation.

A prosperous America where everyone is working produces revenue, America at it's core value.

Getting a handle on abuse of spending in both benefit fraud and Government waste.

It will work if we all get on board and not do something stupid like let Democrats anywhere near the money till again
Click to expand...

That's a little short on specifics.

I'll fix it for you: he isn't doing anything. In quite a few areas, he's spending MORE. He's not getting rid of our debt "quickly and easily."

Like every other Republican, he talked a big game about reducing spending prior to being elected, but doesn't care now. Our debt will increase in the trillions while he's in office - just like it did w/ Bush and Obama. He's not laying any foundation whatsoever right now.
 
Hello Cypress,

Cypress said:
Republicans intentionally engineer trillion dollar deficits, so they can later claim there is not enough money for infrastructure, social security, education, and health care, and science programs. IN other words, the deficits are their fault, but other people have to pay for it.
Click to expand...

And then they blame it on Democrats.
 
Thing1 said:
That's a little short on specifics.

I'll fix it for you: he isn't doing anything. In quite a few areas, he's spending MORE. He's not getting rid of our debt "quickly and easily."

Like every other Republican, he talked a big game about reducing spending prior to being elected, but doesn't care now. Our debt will increase in the trillions while he's in office - just like it did w/ Bush and Obama. He's not laying any foundation whatsoever right now.
Click to expand...

I'll fix it for YOU,

that you are laying debt on Trump 19 months into his presidency, speaks volumes.
And all due respect makes it hard to have a serious conversation.

If you would care to offer a particular spending cut you think might help that he isn't addressing I'm all ears.

I gave you two specifics, you can read my posts or not that's up to you.
I'll restate and add to,
I have seen studies that calculate 20 million illegals alone may be getting their hands on 100 billion a year in benefits, that alone is a tenth of the way to a trillion,
coupled with the money wasted on enforcement in relation to a porous border we are near 500 billion, or half way to a trillion, no? He's actually trying to address illegal immigration and getting stonewalled.
Then there is domestic fraud of benefits, talk to any benefits worker in America and listen intently, but no one wants to wade into that water for fear of the PC police.
Trump is trying to address benefit fraud, replacing food stamps with food boxes, NOOOOOOO, don't do that, it's not food they want.
Drug testing for benefit recipients, NOOOOO, civil rights violation.
these things may seem trivial but it's real meat and potato's savings of real tax dollars.
He's trying to reduce our spending around the world where countries are abusing our generosity and stupidity.

And as I stated jobs, jobs, jobs produces revenue through tax dollars, herein lies the key, and his policy is either working or continuing the trend from his predecessor, either way I don't really care who gets credit.

Everyone on the left is pulling for him to fail, and I just don't get it.
 
Thing1 said:
That's a little short on specifics.

I'll fix it for you: he isn't doing anything. In quite a few areas, he's spending MORE. He's not getting rid of our debt "quickly and easily."

Like every other Republican, he talked a big game about reducing spending prior to being elected, but doesn't care now. Our debt will increase in the trillions while he's in office - just like it did w/ Bush and Obama. He's not laying any foundation whatsoever right now.
Click to expand...

sorry double post
 
Getin the ring said:
I'll fix it for YOU,

that you are laying debt on Trump 19 months into his presidency, speaks volumes.
And all due respect makes it hard to have a serious conversation.

If you would care to offer a particular spending cut you think might help that he isn't addressing I'm all ears.

I gave you two specifics, you can read my posts or not that's up to you.
I'll restate and add to,
I have seen studies that calculate 20 million illegals alone may be getting their hands on 100 billion a year in benefits, that alone is a tenth of the way to a trillion,
coupled with the money wasted on enforcement in relation to a porous border we are near 500 billion, or half way to a trillion, no? He's actually trying to address illegal immigration and getting stonewalled.
Then there is domestic fraud of benefits, talk to any benefits worker in America and listen intently, but no one wants to wade into that water for fear of the PC police.
Trump is trying to address benefit fraud, replacing food stamps with food boxes, NOOOOOOO, don't do that, it's not food they want.
Drug testing for benefit recipients, NOOOOO, civil rights violation.
these things may seem trivial but it's real meat and potato's savings of real tax dollars.
He's trying to reduce our spending around the world where countries are abusing our generosity and stupidity.

And as I stated jobs, jobs, jobs produces revenue through tax dollars, herein lies the key, and his policy is either working or continuing the trend from his predecessor, either way I don't really care who gets credit.

Everyone on the left is pulling for him to fail, and I just don't get it.
Click to expand...

I'm not pulling for him to fail - I just think he's a liar, and lied about reducing our debt "quickly and easily."

None of what you posted above represents anything significant in terms of spending. Trump is spending just like everyone else did. He's not reducing anything. And yeah - 2 years is a long time when he said he'd do it "quickly."

You can convince yourself all you want, but Trump will leave office - whether in '20 or '24 - with a debt much greater than what he inherited. He has shown no commitment at all to reducing it in a meaningful way. Just the opposite - for every token spending cut, he has increased spending in another area.

And stop making excuses. Trump made promises about the debt - don't give me the "oh, it's so hard to stop benefit fraud" schtick. He has majorities as far as the eye can see. He hasn't done anything.
 
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