Congress Approved $2.4 Trillion In Additional Debt During Fiscal Year 2018: Watchdog

Congress approved $2.4 trillion in additional debt during fiscal year 2018: Watchdog

In April, the nonpartisan Congressional Budget Office (CBO) projected that debt held by the public would rise from $14.6 trillion in 2017 to $27.1 trillion in 2027.

“At a time when debt is already at record-high levels and growing unsustainably, the $2.4 trillion added to the projected debt over the past year is incredibly irresponsible," CFRB wrong in a blog post. "These changes alone will increase projected debt from 86 percent of GDP to 94 percent."


We will now observe the pseudocons demonstrating they are literally physically incapable of uttering a single syllable of criticism toward Trump about his astronomical deficits, despite being very, very vocal about deficits when the black guy was President.

In fact, we will see them look at the facts, and stupidly sputter, "B-b-b-b-b-b-b-but Obama!" rather than admit they hired an apprentice President who is an even bigger spender than his predecessor.

Even worse, they will go full Keynes and claim all that overspending is good for the economy!

The president doesn’t spend....Congress does...Isn’t that what you told us when the ghetto Kenyan was spending like a drunk sailor in a whore house full of Playboy models?
What I find entertaining is those who should worry the least about national debt and deficit spending suddenly care the most...fucking weird.
I’ve asked over and over again how the debt has affected these lowlifes and not a one can give a logical answer....can you?

who signs spending bills you moron ?
Let's take this one more step down the road. What would happen if he didn't sign it? One more step down the road. Who would get blamed for it?
Congress......all of congress to needs make serious cutbacks on spending....and not that fuzzy math type of cutback where it increases 10%
 
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Trump is ACCELERATING our deficits!


TA-DAAAAAAAAA!
He's also accelerating GDP growth, which cancels out the increase in deficits.


TA-DAAAAAAAAA!

Bull shit. One, there has only been one good quarter out of of 5 with the GDP under Trump and second GDP does not cancel the deficits...where the fuck did you come up with such a stupid idea?


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Gee, I'm sorry you don't understand basic math. I guess a lifetime of being on welfare does that to you, huh?
 
Trump is ACCELERATING our deficits!


TA-DAAAAAAAAA!
He's also accelerating GDP growth, which cancels out the increase in deficits.


TA-DAAAAAAAAA!

Bull shit. One, there has only been one good quarter out of of 5 with the GDP under Trump and second GDP does not cancel the deficits...where the fuck did you come up with such a stupid idea?


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Gee, I'm sorry you don't understand basic math. I guess a lifetime of being on welfare does that to you, huh?
tax cut economics are unsustainable, mathematically.
 
No, these are actual conservatives doing what conservatives have always done.

The notion of conservatives being "deficit hawks" has always been a myth.
They have no problem running deficits if it will pay for a war or cut taxes on millionaires
 
Congress approved $2.4 trillion in additional debt during fiscal year 2018: Watchdog

In April, the nonpartisan Congressional Budget Office (CBO) projected that debt held by the public would rise from $14.6 trillion in 2017 to $27.1 trillion in 2027.

“At a time when debt is already at record-high levels and growing unsustainably, the $2.4 trillion added to the projected debt over the past year is incredibly irresponsible," CFRB wrong in a blog post. "These changes alone will increase projected debt from 86 percent of GDP to 94 percent."


We will now observe the pseudocons demonstrating they are literally physically incapable of uttering a single syllable of criticism toward Trump about his astronomical deficits, despite being very, very vocal about deficits when the black guy was President.

In fact, we will see them look at the facts, and stupidly sputter, "B-b-b-b-b-b-b-but Obama!" rather than admit they hired an apprentice President who is an even bigger spender than his predecessor.

Even worse, they will go full Keynes and claim all that overspending is good for the economy!
Reelect noone ever. Get rid of the profligates.
 
Congress approved $2.4 trillion in additional debt during fiscal year 2018: Watchdog

In April, the nonpartisan Congressional Budget Office (CBO) projected that debt held by the public would rise from $14.6 trillion in 2017 to $27.1 trillion in 2027.

“At a time when debt is already at record-high levels and growing unsustainably, the $2.4 trillion added to the projected debt over the past year is incredibly irresponsible," CFRB wrong in a blog post. "These changes alone will increase projected debt from 86 percent of GDP to 94 percent."


We will now observe the pseudocons demonstrating they are literally physically incapable of uttering a single syllable of criticism toward Trump about his astronomical deficits, despite being very, very vocal about deficits when the black guy was President.

In fact, we will see them look at the facts, and stupidly sputter, "B-b-b-b-b-b-b-but Obama!" rather than admit they hired an apprentice President who is an even bigger spender than his predecessor.

Even worse, they will go full Keynes and claim all that overspending is good for the economy!
You think any of the democrats were against this?

This isn't a partisan issue...Last week's little melodramatic shit show provided cover for all of them.
BWA-HA-HA-HA-HA!

The Democrats most certainly were against the bills which ran up this debt! How many voted for the fake tax "reform" bill which adds $1.5 trillion to the debt?

The GOP is the party in power. This is all on them.

I didn't see you trying to blame Republicans for Obama's debt.

Congress needs to cut spending, end of story

You're advocating tax increases??
 
Congress approved $2.4 trillion in additional debt during fiscal year 2018: Watchdog

In April, the nonpartisan Congressional Budget Office (CBO) projected that debt held by the public would rise from $14.6 trillion in 2017 to $27.1 trillion in 2027.

“At a time when debt is already at record-high levels and growing unsustainably, the $2.4 trillion added to the projected debt over the past year is incredibly irresponsible," CFRB wrong in a blog post. "These changes alone will increase projected debt from 86 percent of GDP to 94 percent."


We will now observe the pseudocons demonstrating they are literally physically incapable of uttering a single syllable of criticism toward Trump about his astronomical deficits, despite being very, very vocal about deficits when the black guy was President.

In fact, we will see them look at the facts, and stupidly sputter, "B-b-b-b-b-b-b-but Obama!" rather than admit they hired an apprentice President who is an even bigger spender than his predecessor.

Even worse, they will go full Keynes and claim all that overspending is good for the economy!


YOUR idiotic stuttering is a FACT though! Dumb Ass Obama didn't care to make the USA secure because he CUT spending on the military
WHILE INCREASING spending on fighting against the Growth of the United States.

NOW the above details are TOO MUCH for dummies like you to comprehend BUT the facts are:

1) First, the attacks on 9/11 led to the War on Terror.
That almost doubled annual military spending. It rose from $437.4 billion in 2003 to a peak of $855.1 billion in 2011.
That includes the defense department budget and off-budget emergency spending.
It also includes spending for departments that support defense, such as Homeland Security, the Department of Veterans Affairs, and the National Nuclear Security Administration.

An indefensible defense budget
ED FEULNER: Obama deep cuts to defense leaves U.S. vulnerable
Obama's deep cuts could lead to a U.S. military defeat
Energy subsidies. UP!
Catfish-inspection programs. UP.
As I detailed in a recent column, the federal budget is rife with spending that is highly questionable, to put it mildly.
No wonder the national debt exceeds $19 trillion.
It seems policymakers just can’t say no to anything.
Except when it comes to defense.
For fiscal 2017, President Obama has requested $551 billion for the base defense budget, plus funding for ongoing operations, for a total of $610 billion. That sounds like a lot of money — but only if you overlook a couple of very important points.

  • One is that these amounts, historically speaking, are extraordinarily low. Few people will be surprised that the U.S. spent more on defense in the Reagan years (the same investment of gross domestic product would be $1.1 trillion annually, on average). But it was $917 billion annually during the Carter years, and $761 billion when George W. Bush was in office.
  • The military’s budget was even higher during the Clinton years: $624 billion. Now we’re talking about lowering it to $610 billion. As defense expert Justin Johnson recently pointed out, “As a percent of the government spending or total economy, the U.S. has not spent so little on national defense since the end of World War
2) Second, mandatory spending has increased.
That means benefit payouts for Social Security, Medicare, and other mandated programs. It's exceeded $2 trillion a year since FY 2011. These payments consume two-thirds
of the revenue each year. Only an Act of Congress that amends a program's benefits can change them. That would require a majority vote in both houses and is unlikely to happen.
Any reduction in benefits takes money out of the pockets of current beneficiaries. The powerful demographic of seniors would vote lawmakers out of office.

3)Third, the Trump tax cut will reduce revenue.
It's reducing the personal income tax rate, corporate taxes, and small business taxes.
These cuts total $1.5 trillion over the next 10 years.
But the Joint Committee on Taxation said the cuts will stimulate growth by 0.7 percent annually.
The increased growth will add revenue, offsetting some of the tax cuts. As a result, the deficit will increase $1 trillion over the next decade.
4 Reasons the U.S. Deficit Is Out of Control

But all of this goes WAY WAY above The idiot G5000 pointy empty skull, that just doesn't seem to comprehend the simple facts of the Federal budget!
Above facts are a reality.
62% of the budget is NOT controlled by Trump NOR was it controlled by Obama either!
That leaves 38% which IS under Trump's control.

And Trump UNLIKE the bumpkin idiot Obama believes the ONLY way that America can continue to be America (which Obama fought against...) is a strong defense!
See?

"B-b-b-b-b-b-but Obama!"

LITERALLY physically incapable of criticizing Trump for his astronomical overspending, even though Trump is ACCELERATING our deficits!


TA-DAAAAAAAAA!

You have that right!

91.2% increase in the deficit from FY17 to FY18...and that during the booming economy...and all the shee can do is “but ba ba ba Obama”.


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AGAIN traitorGator is IGNORING the details!
AND THIS TRAITORGATOR supposedly is a ex 20 year Marine making fun of paying his fellow marines more money?
IDIOTS like you don't seem to comprehend that the military (I guess it was above your pay grade) hadn't had a pay raise like what Trump is doing since 2010.
PLUS...
On March 16, 2017 President Trump submitted his request to Congress for $639 billion in military spending—$54 billion—which represents a 10 percent increase—for FY 2018 as well as $30 billion for FY2017 which ends in September. ... The Congress increased the budget to total 696 billion dollars.
NOTE dummy... Congress then increased to nearly $700 billion!
Military budget of the United States - Wikipedia

Screen Shot 2018-10-09 at 11.49.43 AM.png

Military Pay Raises - 2004 to 2018
 
Congress approved $2.4 trillion in additional debt during fiscal year 2018: Watchdog

In April, the nonpartisan Congressional Budget Office (CBO) projected that debt held by the public would rise from $14.6 trillion in 2017 to $27.1 trillion in 2027.

“At a time when debt is already at record-high levels and growing unsustainably, the $2.4 trillion added to the projected debt over the past year is incredibly irresponsible," CFRB wrong in a blog post. "These changes alone will increase projected debt from 86 percent of GDP to 94 percent."


We will now observe the pseudocons demonstrating they are literally physically incapable of uttering a single syllable of criticism toward Trump about his astronomical deficits, despite being very, very vocal about deficits when the black guy was President.

In fact, we will see them look at the facts, and stupidly sputter, "B-b-b-b-b-b-b-but Obama!" rather than admit they hired an apprentice President who is an even bigger spender than his predecessor.

Even worse, they will go full Keynes and claim all that overspending is good for the economy!
You think any of the democrats were against this?

This isn't a partisan issue...Last week's little melodramatic shit show provided cover for all of them.
BWA-HA-HA-HA-HA!

The Democrats most certainly were against the bills which ran up this debt! How many voted for the fake tax "reform" bill which adds $1.5 trillion to the debt?

The GOP is the party in power. This is all on them.

I didn't see you trying to blame Republicans for Obama's debt.

Congress needs to cut spending, end of story

You're advocating tax increases??
border wall Taxes for a border wall.
 
Congress approved $2.4 trillion in additional debt during fiscal year 2018: Watchdog

In April, the nonpartisan Congressional Budget Office (CBO) projected that debt held by the public would rise from $14.6 trillion in 2017 to $27.1 trillion in 2027.

“At a time when debt is already at record-high levels and growing unsustainably, the $2.4 trillion added to the projected debt over the past year is incredibly irresponsible," CFRB wrong in a blog post. "These changes alone will increase projected debt from 86 percent of GDP to 94 percent."


We will now observe the pseudocons demonstrating they are literally physically incapable of uttering a single syllable of criticism toward Trump about his astronomical deficits, despite being very, very vocal about deficits when the black guy was President.

In fact, we will see them look at the facts, and stupidly sputter, "B-b-b-b-b-b-b-but Obama!" rather than admit they hired an apprentice President who is an even bigger spender than his predecessor.

Even worse, they will go full Keynes and claim all that overspending is good for the economy!

The president doesn’t spend....Congress does...Isn’t that what you told us when the ghetto Kenyan was spending like a drunk sailor in a whore house full of Playboy models?
What I find entertaining is those who should worry the least about national debt and deficit spending suddenly care the most...fucking weird.
I’ve asked over and over again how the debt has affected these lowlifes and not a one can give a logical answer....can you?

who signs spending bills you moron ?
Let's take this one more step down the road. What would happen if he didn't sign it? One more step down the road. Who would get blamed for it?
Congress......all of congress to needs make serious cutbacks on spending....and not that fuzzy math type of cutback where it increases 10%

if the potus didnt sign the bill it would take a super majority from congress to make it a law ...
 
No, these are actual conservatives doing what conservatives have always done.

The notion of conservatives being "deficit hawks" has always been a myth.
I am a conservative deficit hawk. I am not a myth.
obviously you are since so called conservatives rack up debt every time they are in office just like the democrats do
I have proposed very specific methods for reducing the debt since I arrived on this forum in 2011. Many, many, many times. More than any other subject.

Not only have I proposed methods for reducing the debt and balancing the budget, but I have also concurrently proposed a method which would also allow us to lower tax rates on EVERYONE.

It just does not get more fiscally conservative than that.

I am not a myth.

OK... idiot! Tell me what you'd do if 62% of the budget is MANDATED by Medicare/SS/Medicaid expenditures?
Personally I'd long time ago set up SS/Medicare to be privatized i.e. let ME tell them where to invest the payroll taxes.
Here is what would have happened it it had been done when I first started getting payroll tax deductions.

ALSO YOU have NO idea how Medicare works and the gross efficiencies that came about during GWB's 2003 Medicare Modernization ACT.
ONLY dummies like you think it had something to do with Part D drugs...
BUT having worked with Medicare for over 20 years as a contractor I KNOW the inefficiencies that Medicare had before the 2003 act.
First of all idiots like you still think Medicare processes themselves the nearly 1 billion in claims submitted each year. WRONG!!!

Before the MMA of 2003 there were nearly 100 different contractors around the country all processing Medicare claims. All managing the nearly 1 million providers.
All having DIFFERENT EDI transaction sets.
AFTER the MMA and today now there are less than 10 Medicare Administrative Contractors that FOR profit process ALL Medicare claims AND one other MAJOR
outcome of MMA were the now nearly 600 Medicare Advantage plans which have FURTHER provide efficiencies in administration of the nearly 45 million beneficiaries
with one out of 4 being MA members.
AGAIN idiots like you have NO idea what I'm writing because you believe your dumb ass MSM and the gross errors they don't understand.


myprivatizedSS.png
 
Congress approved $2.4 trillion in additional debt during fiscal year 2018: Watchdog

In April, the nonpartisan Congressional Budget Office (CBO) projected that debt held by the public would rise from $14.6 trillion in 2017 to $27.1 trillion in 2027.

“At a time when debt is already at record-high levels and growing unsustainably, the $2.4 trillion added to the projected debt over the past year is incredibly irresponsible," CFRB wrong in a blog post. "These changes alone will increase projected debt from 86 percent of GDP to 94 percent."


We will now observe the pseudocons demonstrating they are literally physically incapable of uttering a single syllable of criticism toward Trump about his astronomical deficits, despite being very, very vocal about deficits when the black guy was President.

In fact, we will see them look at the facts, and stupidly sputter, "B-b-b-b-b-b-b-but Obama!" rather than admit they hired an apprentice President who is an even bigger spender than his predecessor.

Even worse, they will go full Keynes and claim all that overspending is good for the economy!


YOUR idiotic stuttering is a FACT though! Dumb Ass Obama didn't care to make the USA secure because he CUT spending on the military
WHILE INCREASING spending on fighting against the Growth of the United States.

NOW the above details are TOO MUCH for dummies like you to comprehend BUT the facts are:

1) First, the attacks on 9/11 led to the War on Terror.
That almost doubled annual military spending. It rose from $437.4 billion in 2003 to a peak of $855.1 billion in 2011.
That includes the defense department budget and off-budget emergency spending.
It also includes spending for departments that support defense, such as Homeland Security, the Department of Veterans Affairs, and the National Nuclear Security Administration.

An indefensible defense budget
ED FEULNER: Obama deep cuts to defense leaves U.S. vulnerable
Obama's deep cuts could lead to a U.S. military defeat
Energy subsidies. UP!
Catfish-inspection programs. UP.
As I detailed in a recent column, the federal budget is rife with spending that is highly questionable, to put it mildly.
No wonder the national debt exceeds $19 trillion.
It seems policymakers just can’t say no to anything.
Except when it comes to defense.
For fiscal 2017, President Obama has requested $551 billion for the base defense budget, plus funding for ongoing operations, for a total of $610 billion. That sounds like a lot of money — but only if you overlook a couple of very important points.

  • One is that these amounts, historically speaking, are extraordinarily low. Few people will be surprised that the U.S. spent more on defense in the Reagan years (the same investment of gross domestic product would be $1.1 trillion annually, on average). But it was $917 billion annually during the Carter years, and $761 billion when George W. Bush was in office.
  • The military’s budget was even higher during the Clinton years: $624 billion. Now we’re talking about lowering it to $610 billion. As defense expert Justin Johnson recently pointed out, “As a percent of the government spending or total economy, the U.S. has not spent so little on national defense since the end of World War
2) Second, mandatory spending has increased.
That means benefit payouts for Social Security, Medicare, and other mandated programs. It's exceeded $2 trillion a year since FY 2011. These payments consume two-thirds
of the revenue each year. Only an Act of Congress that amends a program's benefits can change them. That would require a majority vote in both houses and is unlikely to happen.
Any reduction in benefits takes money out of the pockets of current beneficiaries. The powerful demographic of seniors would vote lawmakers out of office.

3)Third, the Trump tax cut will reduce revenue.
It's reducing the personal income tax rate, corporate taxes, and small business taxes.
These cuts total $1.5 trillion over the next 10 years.
But the Joint Committee on Taxation said the cuts will stimulate growth by 0.7 percent annually.
The increased growth will add revenue, offsetting some of the tax cuts. As a result, the deficit will increase $1 trillion over the next decade.
4 Reasons the U.S. Deficit Is Out of Control

But all of this goes WAY WAY above The idiot G5000 pointy empty skull, that just doesn't seem to comprehend the simple facts of the Federal budget!
Above facts are a reality.
62% of the budget is NOT controlled by Trump NOR was it controlled by Obama either!
That leaves 38% which IS under Trump's control.

And Trump UNLIKE the bumpkin idiot Obama believes the ONLY way that America can continue to be America (which Obama fought against...) is a strong defense!
See?

"B-b-b-b-b-b-but Obama!"

LITERALLY physically incapable of criticizing Trump for his astronomical overspending, even though Trump is ACCELERATING our deficits!


TA-DAAAAAAAAA!

Hey you can't argue with the FACTS... This is G5000!
mind-made-up-male.png
 
They don't give a rat's ass about debt and deficits - never have/ never will.
*Unless there's a Dem in the White House

50449f8369bedd020c000009-750-560.jpg
Obama turned our economy around,for less.

Yep - They didn't say a word about GWB's unfunded tax cuts for billionaires, unfunded Medicare D or unfunded wars of choice and aggression.

"UNFUNDED D"... that's the ONLY thing you know right? Geez how pathetically dumb and I am 100% confident you have all your information from the biased MSM!
FACTS about Medicare Modernization Act of 2003!

ALSO YOU have NO idea how Medicare works and the gross efficiencies that came about during GWB's 2003 Medicare Modernization ACT.
ONLY dummies like you think it had something to do with Part D drugs...
BUT having worked with Medicare for over 20 years as a contractor I KNOW the inefficiencies that Medicare had before the 2003 act.
First of all idiots like you still think Medicare processes themselves the nearly 1 billion in claims submitted each year. WRONG!!!

Before the MMA of 2003 there were nearly 100 different contractors around the country all processing Medicare claims. All managing the nearly 1 million providers.
All having DIFFERENT EDI transaction sets.
AFTER the MMA and today now there are less than 10 Medicare Administrative Contractors that FOR profit process ALL Medicare claims AND one other MAJOR
outcome of MMA were the now nearly 600 Medicare Advantage plans which have FURTHER provide efficiencies in administration of the nearly 45 million beneficiaries
with one out of 4 being MA members.
AGAIN idiots like you have NO idea what I'm writing because you believe your dumb ass MSM and the gross errors they don't understand.
 
Trump is ACCELERATING our deficits!


TA-DAAAAAAAAA!
He's also accelerating GDP growth, which cancels out the increase in deficits.


TA-DAAAAAAAAA!

Bull shit. One, there has only been one good quarter out of of 5 with the GDP under Trump and second GDP does not cancel the deficits...where the fuck did you come up with such a stupid idea?


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Gee, I'm sorry you don't understand basic math. I guess a lifetime of being on welfare does that to you, huh?

As a statistician I understand way more than just simple math, which is why I know you are a fucking moron.


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