All Boards => Current Events => Topic started by: wvit1001 on 04 14, 19, 02:21:11:PM



Title: trump's campaign promise to reduce the national debt
Post by: wvit1001 on 04 14, 19, 02:21:11:PM
$2,198,468,000,000: Federal Spending Hit 10-Year High Through March; Taxes Hit 5-Year Low



The last time the government spent more in the October-through-March period was in fiscal 2009, when it spent $2,326,360,180,000 in constant March 2019 dollars.

Fiscal 2009 was the fiscal year that began with President George W. Bush signing a $700-billion law to bailout the banking industry in October 2008 and then saw President Barack Obama sign a $787-billion stimulus law in February 2009.

At the same time that the Treasury was spending the most it has spent in ten years, it was also taking in less in tax revenue than it has in the past five years.

The difference in the federal taxes taken in and the spending going out resulted in a federal deficit of $691,174,000,000 for the first six months of the fiscal year.


https://www.cnsnews.com/news/article/terence-p-jeffrey/2198468000000-federal-spending-hit-10-year-high-through-march-taxes


Title: Re: trump's campaign promise to reduce the national debt
Post by: Jw2 on 04 14, 19, 02:24:07:PM
US Budget Deficit Widens to $691 Billion in First Half of 2019 (https://www.bloomberg.com/news/articles/2019-04-10/u-s-budget-deficit-widens-to-691-billion-in-first-half-of-2019)


I don't suppose any of you so-called conservatives were ever fiscal conservatives.


Title: Re: trump's campaign promise to reduce the national debt
Post by: Jw2 on 04 15, 19, 02:11:54:PM
It's very telling that no so-called conservative even wants to comment.

Demonstrating that youse people aren't really conservatives.

Making me a better conservative than any of youse folks.


Title: Re: trump's campaign promise to reduce the national debt
Post by: davik62 on 04 15, 19, 02:26:23:PM
Can't defend the indefensible, so GOPpers hide.

Can't trust GOPpers, they lie.


Title: Re: trump's campaign promise to reduce the national debt
Post by: Jw2 on 04 15, 19, 11:08:38:PM
4 ways Trump's tax cuts changed the American economy

https://www.cnn.com/2019/04/15/economy/trump-tax-cuts-impact-economy/index.html

1. Corporate taxes fell off a cliff, fueling deeper deficits

2. A short-term economic boost is fading

3. Rich people gained more than poor people

4. Most other impacts: Either too soon to tell or too hard to see