Budget Deficit shrinks by more than half in 2022

[Mac1958]

Good. We have a long, long, long way to go. Let's keep going.

Borrowing like you're addicted to it and spending like a teenager with Daddy's Gold Card sure does stimulate the economy, but it's bad economics.

Bloomberg - Are you a robot?

www.bloomberg.com

 

[Biff_Poindexter]

Thanks Trump ....especially the budgetary genius of Jared and Ivanka

 

[SweetSue92]

Good. We have a long, long, long way to go. Let's keep going.

Borrowing like you're addicted to it and spending like a teenager with Daddy's Gold Card sure does stimulate the economy, but it's bad economics.

Bloomberg - Are you a robot?

www.bloomberg.com

Uh yeah Mac. Inflation will do that.

 

[Mac-7]

Good. We have a long, long, long way to go. Let's keep going.

Borrowing like you're addicted to it and spending like a teenager with Daddy's Gold Card sure does stimulate the economy, but it's bad economics.

Bloomberg - Are you a robot?

www.bloomberg.com

Biden wanted to spend more but joe manchin wouldnt let him

 

[Samofvt]

It's still ridiculous that the fed can print money that doesn't exist. It's why housing costs 10x what it did 20 years ago, and why poverty will be the norm for most over the next 10 years. A better historical picture of deficit spending is at

U.S. Budget Deficit by Year Compared to GDP and Debt

The federal budget deficit rises when government spending is high, such as during wars or recessions. Budget deficits cause the national debt to grow.

www.thebalance.com

 

[sparky]

Borrowing like you're addicted to it and spending like a teenager with Daddy's Gold Card sure does stimulate the economy, but it's bad economics.

I'm curious as to how 8 Trillion $$$ divided by 300million stim recipients of $1400 each actually sugared off......

~S~

 

[Mac1958]

Our chances of getting on top of our national finances would be significantly increased if our political system didn't incentivize and reward our "leaders" (ha) for worrying more about power base-growing, fundraising and re-election than about collaborating and innovating for long-term fiscal sanity.

 

[Biff_Poindexter]

It's still ridiculous that the fed can print money that doesn't exist. It's why housing costs 10x what it did 20 years ago, and why poverty will be the norm for most over the next 10 years. A better historical picture of deficit spending is at

U.S. Budget Deficit by Year Compared to GDP and Debt

The federal budget deficit rises when government spending is high, such as during wars or recessions. Budget deficits cause the national debt to grow.

www.thebalance.com

Why would poverty be the norm for most??

Why don't they stop being lazy and work harder?

 

[rightwinger]

Good. We have a long, long, long way to go. Let's keep going.

Borrowing like you're addicted to it and spending like a teenager with Daddy's Gold Card sure does stimulate the economy, but it's bad economics.

Bloomberg - Are you a robot?

www.bloomberg.com

Great work by our President!

LETS GO BRANDON!

 

[Harry Dresden]

Great work by our President!

LETS GO BRANDON!

yea he did it all by himself......

 

[rightwinger]

yea he did it all by himself......

Yes he did

Let’s go Brandon!

 

[TNHarley]

 

[JLW]

Democrats have always shown themselves to be more fiscally responsible that the Pubs. Pubs get us into fiscal messes and Democrats have to bail us out. I agree with the OP let us hope it continues.

 

[rightwinger]

After the shameless spending under Trump, it is good to see some Fiscal Responsibility

LETS GO BRANDON!

 

[Toddsterpatriot]

Democrats have always shown themselves to be more fiscally responsible that the Pubs.

Exactly!
That's why Clinton and Obama whined so much about Congress restricting their spending.

 

[Harry Dresden]

Yes he did

Let’s go Brandon!

well he has you right were he wants you......

 

[jwoodie]

The budget deficits also shrank by more than half after WW2. Unfortunately, today's DemRats are more insidious than the Nazis were.

 

[Lastamender]

Good. We have a long, long, long way to go. Let's keep going.

Borrowing like you're addicted to it and spending like a teenager with Daddy's Gold Card sure does stimulate the economy, but it's bad economics.

Bloomberg - Are you a robot?

www.bloomberg.com

Smoke and mirrors from Mac the hack. Thanks.

 

[rightwinger]

The budget deficits also shrank by more than half after WW2. Unfortunately, today's DemRats are more insidious than the Nazis were.

Why don’t Republicans ever shrink budget deficits?

 

[Lastamender]

Biden Lies About Cutting the Budget, Says He's Fixing DJT's Mess

“The budget I am releasing today sends a clear message to the American people (about) what we value: first, fiscal responsibility, second, safety and security, and thirdly … the investments needed to build a better America,” Biden told reporters at the White House. The Democrat president said he...

www.independentsentinel.com

Biden told reporters his administration is “making real headway cleaning up the fiscal mess I inherited,” and will reduce the federal deficit by more than $1.3 trillion this year with $1 trillion in further cuts planned over the next decade.


That is a lie. What he is doing is cutting the enormous one-time increase that was meant to cover COVID needs. He’s only cutting the increase somewhat. Therefore, he’s cutting nothing.