Is Matt Gaetz Wrong?

[Carl in Michigan]

If you disagree with Matt Gaetz, tell me how.

 

[kyzr]

Matt is 100% right.
Here is the 2021 Budget. TWO YEARS AGO!

2021 Federal Budget
Outlays $4.88T
Receipts $3.86T
Deficit $1.02T

Discretionary Spending
Defense $753b
Non-defense $733b
Total $1.49T

Mandatory Spending
Social Security $1,115b
Medicare 746b
Medicaid 452b
Other 660b
Interest on Debt $379b THIS INTEREST SOON TO BE $2T !!!!!!!!!!!!
Total $3.39T

The US needs to cut spending and raise taxes at least $2T a year...NOW!!
(Look up the 2022 and 2023 and 2024 Budgets)

 

[Care4all]

Matt is 100% right.
Here is the 2021 Budget. TWO YEARS AGO!

2021 Federal Budget
Outlays $4.88T
Receipts $3.86T
Deficit $1.02T

Discretionary Spending
Defense $753b
Non-defense $733b
Total $1.49T

Mandatory Spending
Social Security $1,115b
Medicare 746b
Medicaid 452b
Other 660b
Interest on Debt $379b THIS INTEREST SOON TO BE $2T !!!!!!!!!!!!
Total $3.39T

The US needs to cut spending and raise taxes at least $2T a year...NOW!!
(Look up the 2022 and 2023 and 2024 Budgets)

Fyi
The 2021 budget began over 3 years ago, Oct. 1, 2020....fiscal budget goes October 1 thru Sept 30th!

Yes, we spend too much and collect too little, in taxes.

But it was still wrong for Matt to do this in the manner that he did, it weakened the USA in the world's eyes.....this "arrangement" of vacating the office of speaker with McCarthy imo.

 

[kyzr]

Fyi The 2021 budget began over 3 years ago, Oct. 1, 2020....fiscal budget goes October 1 thru Sept 30th!
Yes, we spend too much and collect too little, in taxes.
But it was as still wrong for Matt to do this in the manner that he did, it weaken the USA in the world's eyes.....this "arrangement" of vacating the office of speaker with McCarthy imo.

My point was that in 2021 the interest on the Debt was $379b a year.
Today it is $1.5T
Next year it will be $2T

The US dollar is collapsing unless we get our Budget back to balance.

To his credit Matt is sounding the alarm bell, as loudly as he can.

Will the House and Senate take the needed fiscal actions? I doubt it.

 

[Godboy]

Fyi
The 2021 budget began over 3 years ago, Oct. 1, 2020....fiscal budget goes October 1 thru Sept 30th!

Yes, we spend too much and collect too little, in taxes.

But it was still wrong for Matt to do this in the manner that he did, it weakened the USA in the world's eyes.....this "arrangement" of vacating the office of speaker with McCarthy imo.

Ill take "weakened in the eyes of the world" over bankrupting the greatest nation on Earth.

 

[Care4all]

My point was that in 2021 the interest on the Debt was $379b a year.
Today it is $1.5T
Next year it will be $2T

The US dollar is collapsing unless we get our Budget back to balance.

To his credit Matt is sounding the alarm bell, as loudly as he can.

Will the House and Senate take the needed fiscal actions? I doubt it.

Stunts like this ends up costing tax payers billions more in interest a year on our debt, without spending a dime more on things..... by hurting our credit rating.

The budget needs to be argued and debated and voted on beginning the 6 months prior to when the new yearly budget us due...

Not scorched earth strategy!

 

[Care4all]

Ill take "weakened in the eyes of the world" over bankrupting the greatest nation on Earth.

He made it worse...., bankrupting closer... With credit rating downgrades....

 

[Godboy]

He made it worse...., bankrupting closer... With credit rating downgrades....

No, he likely saved the US. I suspect that this move is going to have long lasting results, or at least as long as the GOP holds the keys to Congress. Spending is going to go down, at least for awhile.

 

[Darkwind]

The Congress should begin working on the following years budget on Oct., 1st.

This means that as of right now, they should already be working on FY 2024/5 budget and they should have it completed no later than February of next year.

They won't, however. Because they use the last-minute, "we're going to have a shutdown" to blackmail the other party or as a leverage point to influence an election.

THAT is the greatest threat to the US Security, and every elected Representative who has in the past or will in the future, should face jail time for their fraud.

 

[kyzr]

Stunts like this ends up costing tax payers billions more in interest a year on our debt, without spending a dime more on things..... by hurting our credit rating. The budget needs to be argued and debated and voted on beginning the 6 months prior to when the new yearly budget us due...
Not scorched earth strategy!

Scorched Earth is a good start. We need to cut the Deficit by at least $2T a year, in cuts and new taxes

What "stunt"? Matt sounding the alarm?

 

[kyzr]

No, he likely saved the US. I suspect that this move is going to have long lasting results, or at least as long as the GOP holds the keys to Congress. Spending is going to go down, at least for awhile.

I don't think the DC whores will do anything to save the US.

At least the voters will know that were warned about the coming collapse.

 

[Natural Citizen]

The alarm was raised years ago. People laughed.

They've managed to kick the can down the road for some time.

Well. Now they're out of road.

It's too late now.

People who understood will be fine. Because those people are prepared.

Read my sig.

 

[Natural Citizen]

Put country simple, people who understand have been saying that ''hey, they're striking matches and carrying gas cans'' for a very long time.

All Gaetz is really doing is saying, ''hey, look, the house is on fire!''

 

[Care4all]

The Congress should begin working on the following years budget on Oct., 1st.

This means that as of right now, they should already be working on FY 2024/5 budget and they should have it completed no later than February of next year.

They won't, however. Because they use the last-minute, "we're going to have a shutdown" to blackmail the other party or as a leverage point to influence an election.

THAT is the greatest threat to the US Security, and every elected Representative who has in the past or will in the future, should face jail time for their fraud.

By law, in the Congressional Budget Act, the President is suppose to deliver his Budget to Congress between the first Monday in January and the first Monday in February....

That gives them plenty of time before the October 1st, Fiscal new year to review and modify and debate and pass, a budget.... The problem is the chicken shits in Congress don't want to do their jobs because they have to make some hard decisions.

 

[Lesh]

My point was that in 2021 the interest on the Debt was $379b a year.
Today it is $1.5T
Next year it will be $2T

The US dollar is collapsing unless we get our Budget back to balance.

To his credit Matt is sounding the alarm bell, as loudly as he can.

Will the House and Senate take the needed fiscal actions? I doubt it.

Jesus you’re an idiot

Interest on the debt is nowhere near 1.5 T

Idiots like you should be barred from discussing financial issues

 

[BluesLegend]

Matt is 100% right.
Here is the 2021 Budget. TWO YEARS AGO!

2021 Federal Budget
Outlays $4.88T
Receipts $3.86T
Deficit $1.02T

Discretionary Spending
Defense $753b
Non-defense $733b
Total $1.49T

Mandatory Spending
Social Security $1,115b
Medicare 746b
Medicaid 452b
Other 660b
Interest on Debt $379b THIS INTEREST SOON TO BE $2T !!!!!!!!!!!!
Total $3.39T

The US needs to cut spending and raise taxes at least $2T a year...NOW!!
(Look up the 2022 and 2023 and 2024 Budgets)

Bingo! Those fuckers in Washington used the cover of Covid to jack up Federal spending by a whopping 50% holy crap! Covid is over but they keep right on spending like we are still in a global pandemic. This has jacked up inflation and the price of everything due to their goddamn spending spree. That's jacked up interest rates. Fucking politicians God almighty.

 

[DGS49]

The problem is not the legislators in Congress; it is the voters (and how they vote).

When you talk down or vote down "discretionary" spending, every measure you talk about has a constituency who are impacted, and will cry like stuck pigs, blaming YOU for attacking their pet program. And the Media will be 100% on the side of those who are whining.

Democrats NEVER do this. They support every conceivable give-away, the Constitution and rational spending be damned. If the Republicans were to "unite" and kill enough spending to bring spenfding back down to a rational level, they would be voted out office so thoroughly that the country would never recover.

We have seen the enemy and he is us.

 

[Care4all]

Scorched Earth is a good start. We need to cut the Deficit by at least $2T a year, in cuts and new taxes

What "stunt"? Matt sounding the alarm?

Everyone has sounded the Alarm, for decades now....

What he did, and others like him but previously, is bitch and moan and cause a ruckus of insecurity in the markets and with the dollar, causing downgrading, which causes our debt interest payments to go up, making foreign investors in the dollar and the US markets more skeptical to invest, which causes us to add more to the national debt, without congress spending a penny..... AND WITHOUT ever solving the problem, just bitching and bringing the worlds attention to it, hurts us....big time!

Why not simply work on, and pass, a budget each year instead of this perpetual dog and pony shows of right wingers, who never accomplish anything.

This ability to remove a speaker of the house by one congressman objecting makes the USA Congress less stable....

Markets like stability...Investors like stability....it's why the USA has been so successful on the Global scene the past hundred years.....

This knee jerk crazy shit, hurts us! Hurts us badly!

 

[Darkwind]

By law, in the Congressional Budget Act, the President is suppose to deliver his Budget to Congress between the first Monday in January and the first Monday in February....

That gives them plenty of time before the October 1st, Fiscal new year to review and modify and debate and pass, a budget.... The problem is the chicken shits in Congress don't want to do their jobs because they have to make some hard decisions.

By design of the Constitution, the budget rests in the House of Representatives. They have no restrictions upon them, nor does the Senate, to keep from working on a balanced budget on October 1st. They need to be working on our budget from 10/1/xx and have it completed no later than February.

The people should demand it of them or hold them to account for failing to do so.

 

[kyzr]

Bingo! Those fuckers in Washington used the cover of Covid to jack up Federal spending by a whopping 50% holy crap! Covid is over but they keep right on spending like we are still in a global pandemic. This has jacked up inflation and the price of everything due to their goddamn spending spree. That's jacked up interest rates. Fucking politicians God almighty.

EXACTLY!!