So, what's the U.S. Treasury up to these days...

[hazlnut]

After that new super great Tax bill, things must all be falling into place right.

No problem. Lower taxes. More growth. Better for everyone…. Yea! Donny!

And if old Steve Minuchin fucked up the math, he'd tell us, right? He would never try to do something quietly behind our backs, right….??


The U.S. government is set to borrow nearly $1 trillion this year, an 84 percent jump from last year

What
The
FUCK??

84% increase in U.S. borrowing to pay our bills……… 1 year.

It was another crazy news week, so it's understandable if you missed a small but important announcement from the Treasury Department: The federal government is on track to borrow nearly $1 trillion this fiscal year — Trump's first full year in charge of the budget.

That's almost double what the government borrowed in fiscal 2017.

Here are the exact figures: The U.S. Treasury expects to borrow $955 billion this fiscal year, according todocuments released Wednesday. It's the highest amount of borrowing in six years, and a big jump from the $519 billion the federal government borrowed last year.


The uptick in borrowing is yet another complication in the heated debates in Congress over whether to spend more money on infrastructure, the military, disaster relief and other domestic programs. The deficit is already up significantly, even before Congress allots more money to any of these areas.

“We're addicted to debt,” says Marc Goldwein, senior policy director at Committee for a Responsible Federal Budget. He blames both parties for the situation.

What's particularly jarring is this is the first time borrowing has jumped this much (as a share of GDP) in a non-recession time since Ronald Reagan was president, says Ernie Tedeschi, a former senior adviser to the U.S. Treasury who is now head of fiscal analysis at Evercore ISI. Under Reagan, borrowing spiked because of a buildup in the military, something Trump is advocating again.

Let me sum it up -- Steve Minuchin and Paul Ryan fucked up the math.

Because of the new tax bill, tax receipts are WAY DOWN…. But spending hasn't changed…

Less money, same expenses + interest on debt…. oh, shit!

THUS - we are running out of money…. really fast…. The United States is going broke and won't be able to pay their bills. Or the interest on their debt.

Then… hyperinflation… Major depression…. 2019….


Trump will be the first President in the History of the U.S. to run up a Trillion dollar 1-year deficit.



Let's see how Fox covers this one….

 

[Lakhota]

So, what's the U.S. Treasury up to these days...

Trying to keep the national debt clock from exploding.

U.S. National Debt Clock : Real Time

 

[Toddsterpatriot]

After that new super great Tax bill, things must all be falling into place right.

No problem. Lower taxes. More growth. Better for everyone…. Yea! Donny!

And if old Steve Minuchin fucked up the math, he'd tell us, right? He would never try to do something quietly behind our backs, right….??


The U.S. government is set to borrow nearly $1 trillion this year, an 84 percent jump from last year

What
The
FUCK??

84% increase in U.S. borrowing to pay our bills……… 1 year.

It was another crazy news week, so it's understandable if you missed a small but important announcement from the Treasury Department: The federal government is on track to borrow nearly $1 trillion this fiscal year — Trump's first full year in charge of the budget.

That's almost double what the government borrowed in fiscal 2017.

Here are the exact figures: The U.S. Treasury expects to borrow $955 billion this fiscal year, according todocuments released Wednesday. It's the highest amount of borrowing in six years, and a big jump from the $519 billion the federal government borrowed last year.


The uptick in borrowing is yet another complication in the heated debates in Congress over whether to spend more money on infrastructure, the military, disaster relief and other domestic programs. The deficit is already up significantly, even before Congress allots more money to any of these areas.

“We're addicted to debt,” says Marc Goldwein, senior policy director at Committee for a Responsible Federal Budget. He blames both parties for the situation.

What's particularly jarring is this is the first time borrowing has jumped this much (as a share of GDP) in a non-recession time since Ronald Reagan was president, says Ernie Tedeschi, a former senior adviser to the U.S. Treasury who is now head of fiscal analysis at Evercore ISI. Under Reagan, borrowing spiked because of a buildup in the military, something Trump is advocating again.

Let me sum it up -- Steve Minuchin and Paul Ryan fucked up the math.

Because of the new tax bill, tax receipts are WAY DOWN…. But spending hasn't changed…

Less money, same expenses + interest on debt…. oh, shit!

THUS - we are running out of money…. really fast…. The United States is going broke and won't be able to pay their bills. Or the interest on their debt.

Then… hyperinflation… Major depression…. 2019….


Trump will be the first President in the History of the U.S. to run up a Trillion dollar 1-year deficit.



Let's see how Fox covers this one….

Trump will be the first President in the History of the U.S. to run up a Trillion dollar 1-year deficit.

Except for Obama in 2009...2010...2011...2012

 

[hazlnut]

After that new super great Tax bill, things must all be falling into place right.

No problem. Lower taxes. More growth. Better for everyone…. Yea! Donny!

And if old Steve Minuchin fucked up the math, he'd tell us, right? He would never try to do something quietly behind our backs, right….??


The U.S. government is set to borrow nearly $1 trillion this year, an 84 percent jump from last year

What
The
FUCK??

84% increase in U.S. borrowing to pay our bills……… 1 year.

It was another crazy news week, so it's understandable if you missed a small but important announcement from the Treasury Department: The federal government is on track to borrow nearly $1 trillion this fiscal year — Trump's first full year in charge of the budget.

That's almost double what the government borrowed in fiscal 2017.

Here are the exact figures: The U.S. Treasury expects to borrow $955 billion this fiscal year, according todocuments released Wednesday. It's the highest amount of borrowing in six years, and a big jump from the $519 billion the federal government borrowed last year.


The uptick in borrowing is yet another complication in the heated debates in Congress over whether to spend more money on infrastructure, the military, disaster relief and other domestic programs. The deficit is already up significantly, even before Congress allots more money to any of these areas.

“We're addicted to debt,” says Marc Goldwein, senior policy director at Committee for a Responsible Federal Budget. He blames both parties for the situation.

What's particularly jarring is this is the first time borrowing has jumped this much (as a share of GDP) in a non-recession time since Ronald Reagan was president, says Ernie Tedeschi, a former senior adviser to the U.S. Treasury who is now head of fiscal analysis at Evercore ISI. Under Reagan, borrowing spiked because of a buildup in the military, something Trump is advocating again.

Let me sum it up -- Steve Minuchin and Paul Ryan fucked up the math.

Because of the new tax bill, tax receipts are WAY DOWN…. But spending hasn't changed…

Less money, same expenses + interest on debt…. oh, shit!

THUS - we are running out of money…. really fast…. The United States is going broke and won't be able to pay their bills. Or the interest on their debt.

Then… hyperinflation… Major depression…. 2019….


Trump will be the first President in the History of the U.S. to run up a Trillion dollar 1-year deficit.



Let's see how Fox covers this one….

Trump will be the first President in the History of the U.S. to run up a Trillion dollar 1-year deficit.

Except for Obama in 2009...2010...2011...2012

Let me be clearer, first POTUS to add "run up" a trillion dollar tab.

2009 was fallout from recession, bailouts, recovery. Outlier year as Bush had singed several emergency policies before Obama took office. Even with all the emergency spending deficit did not go up + 1 trillion.

2010 could still be considered fallout, but if we let Obama own it, then he dropped two billion off the tab.

2011 stayed about even

2012 dropped 3 billion

2013 -- deficit down to 6billion -- so 3 years, Obama turned the worst collapse of the U.S. economy in U.S. history around…

2014 -- deficit was what W. had in 2008. 4 years!


Right now 2018 is estimated to be 4 billion and change….

That estimate was made before the huge tax revenue shortfall in the wake of the tax bill.


Look, I'm for making balanced budget a law. Printing money to pay off interest on loans (not principle) is insane, wouldn't you agree?

I'm also for not giving Pentagon MORE than they ask for just so ship builders in some district get to work. Too Keynesian for me. Let's not overpay for ships we don't need so a congressman can get reelected.

People who scream bloody murder about entitlements and welfare, usually don't even know what an entitlement is or which states get the most federal dollars while contributing the least. Hint. with the exception of New Mexico, they're all red states.

 

[Doc1]

After that new super great Tax bill, things must all be falling into place right.

No problem. Lower taxes. More growth. Better for everyone…. Yea! Donny!

And if old Steve Minuchin fucked up the math, he'd tell us, right? He would never try to do something quietly behind our backs, right….??


The U.S. government is set to borrow nearly $1 trillion this year, an 84 percent jump from last year

What
The
FUCK??

84% increase in U.S. borrowing to pay our bills……… 1 year.

It was another crazy news week, so it's understandable if you missed a small but important announcement from the Treasury Department: The federal government is on track to borrow nearly $1 trillion this fiscal year — Trump's first full year in charge of the budget.

That's almost double what the government borrowed in fiscal 2017.

Here are the exact figures: The U.S. Treasury expects to borrow $955 billion this fiscal year, according todocuments released Wednesday. It's the highest amount of borrowing in six years, and a big jump from the $519 billion the federal government borrowed last year.


The uptick in borrowing is yet another complication in the heated debates in Congress over whether to spend more money on infrastructure, the military, disaster relief and other domestic programs. The deficit is already up significantly, even before Congress allots more money to any of these areas.

“We're addicted to debt,” says Marc Goldwein, senior policy director at Committee for a Responsible Federal Budget. He blames both parties for the situation.

What's particularly jarring is this is the first time borrowing has jumped this much (as a share of GDP) in a non-recession time since Ronald Reagan was president, says Ernie Tedeschi, a former senior adviser to the U.S. Treasury who is now head of fiscal analysis at Evercore ISI. Under Reagan, borrowing spiked because of a buildup in the military, something Trump is advocating again.

Let me sum it up -- Steve Minuchin and Paul Ryan fucked up the math.

Because of the new tax bill, tax receipts are WAY DOWN…. But spending hasn't changed…

Less money, same expenses + interest on debt…. oh, shit!

THUS - we are running out of money…. really fast…. The United States is going broke and won't be able to pay their bills. Or the interest on their debt.

Then… hyperinflation… Major depression…. 2019….


Trump will be the first President in the History of the U.S. to run up a Trillion dollar 1-year deficit.



Let's see how Fox covers this one….

Trump will be the first President in the History of the U.S. to run up a Trillion dollar 1-year deficit.

Except for Obama in 2009...2010...2011...2012

Let me be clearer, first POTUS to add "run up" a trillion dollar tab.

2009 was fallout from recession, bailouts, recovery. Outlier year as Bush had singed several emergency policies before Obama took office. Even with all the emergency spending deficit did not go up + 1 trillion.

2010 could still be considered fallout, but if we let Obama own it, then he dropped two billion off the tab.

2011 stayed about even

2012 dropped 3 billion

2013 -- deficit down to 6billion -- so 3 years, Obama turned the worst collapse of the U.S. economy in U.S. history around…

2014 -- deficit was what W. had in 2008. 4 years!


Right now 2018 is estimated to be 4 billion and change….

That estimate was made before the huge tax revenue shortfall in the wake of the tax bill.


Look, I'm for making balanced budget a law. Printing money to pay off interest on loans (not principle) is insane, wouldn't you agree?

I'm also for not giving Pentagon MORE than they ask for just so ship builders in some district get to work. Too Keynesian for me. Let's not overpay for ships we don't need so a congressman can get reelected.

People who scream bloody murder about entitlements and welfare, usually don't even know what an entitlement is or which states get the most federal dollars while contributing the least. Hint. with the exception of New Mexico, they're all red states.

You do understand that the Gov does not make our monetary policy, right?
You do realize that the Government cannot just print money, right?

 

[buckeye45_73]

After that new super great Tax bill, things must all be falling into place right.

No problem. Lower taxes. More growth. Better for everyone…. Yea! Donny!

And if old Steve Minuchin fucked up the math, he'd tell us, right? He would never try to do something quietly behind our backs, right….??


The U.S. government is set to borrow nearly $1 trillion this year, an 84 percent jump from last year

What
The
FUCK??

84% increase in U.S. borrowing to pay our bills……… 1 year.

It was another crazy news week, so it's understandable if you missed a small but important announcement from the Treasury Department: The federal government is on track to borrow nearly $1 trillion this fiscal year — Trump's first full year in charge of the budget.

That's almost double what the government borrowed in fiscal 2017.

Here are the exact figures: The U.S. Treasury expects to borrow $955 billion this fiscal year, according todocuments released Wednesday. It's the highest amount of borrowing in six years, and a big jump from the $519 billion the federal government borrowed last year.


The uptick in borrowing is yet another complication in the heated debates in Congress over whether to spend more money on infrastructure, the military, disaster relief and other domestic programs. The deficit is already up significantly, even before Congress allots more money to any of these areas.

“We're addicted to debt,” says Marc Goldwein, senior policy director at Committee for a Responsible Federal Budget. He blames both parties for the situation.

What's particularly jarring is this is the first time borrowing has jumped this much (as a share of GDP) in a non-recession time since Ronald Reagan was president, says Ernie Tedeschi, a former senior adviser to the U.S. Treasury who is now head of fiscal analysis at Evercore ISI. Under Reagan, borrowing spiked because of a buildup in the military, something Trump is advocating again.

Let me sum it up -- Steve Minuchin and Paul Ryan fucked up the math.

Because of the new tax bill, tax receipts are WAY DOWN…. But spending hasn't changed…

Less money, same expenses + interest on debt…. oh, shit!

THUS - we are running out of money…. really fast…. The United States is going broke and won't be able to pay their bills. Or the interest on their debt.

Then… hyperinflation… Major depression…. 2019….


Trump will be the first President in the History of the U.S. to run up a Trillion dollar 1-year deficit.



Let's see how Fox covers this one….

Where did you post that about Obama?
Oh and tax revenues go down the first year you dumbfuck......apparently you don't know how growth works.

 

[Toddsterpatriot]

After that new super great Tax bill, things must all be falling into place right.

No problem. Lower taxes. More growth. Better for everyone…. Yea! Donny!

And if old Steve Minuchin fucked up the math, he'd tell us, right? He would never try to do something quietly behind our backs, right….??


The U.S. government is set to borrow nearly $1 trillion this year, an 84 percent jump from last year

What
The
FUCK??

84% increase in U.S. borrowing to pay our bills……… 1 year.

It was another crazy news week, so it's understandable if you missed a small but important announcement from the Treasury Department: The federal government is on track to borrow nearly $1 trillion this fiscal year — Trump's first full year in charge of the budget.

That's almost double what the government borrowed in fiscal 2017.

Here are the exact figures: The U.S. Treasury expects to borrow $955 billion this fiscal year, according todocuments released Wednesday. It's the highest amount of borrowing in six years, and a big jump from the $519 billion the federal government borrowed last year.


The uptick in borrowing is yet another complication in the heated debates in Congress over whether to spend more money on infrastructure, the military, disaster relief and other domestic programs. The deficit is already up significantly, even before Congress allots more money to any of these areas.

“We're addicted to debt,” says Marc Goldwein, senior policy director at Committee for a Responsible Federal Budget. He blames both parties for the situation.

What's particularly jarring is this is the first time borrowing has jumped this much (as a share of GDP) in a non-recession time since Ronald Reagan was president, says Ernie Tedeschi, a former senior adviser to the U.S. Treasury who is now head of fiscal analysis at Evercore ISI. Under Reagan, borrowing spiked because of a buildup in the military, something Trump is advocating again.

Let me sum it up -- Steve Minuchin and Paul Ryan fucked up the math.

Because of the new tax bill, tax receipts are WAY DOWN…. But spending hasn't changed…

Less money, same expenses + interest on debt…. oh, shit!

THUS - we are running out of money…. really fast…. The United States is going broke and won't be able to pay their bills. Or the interest on their debt.

Then… hyperinflation… Major depression…. 2019….


Trump will be the first President in the History of the U.S. to run up a Trillion dollar 1-year deficit.



Let's see how Fox covers this one….

Trump will be the first President in the History of the U.S. to run up a Trillion dollar 1-year deficit.

Except for Obama in 2009...2010...2011...2012

Let me be clearer, first POTUS to add "run up" a trillion dollar tab.

2009 was fallout from recession, bailouts, recovery. Outlier year as Bush had singed several emergency policies before Obama took office. Even with all the emergency spending deficit did not go up + 1 trillion.

2010 could still be considered fallout, but if we let Obama own it, then he dropped two billion off the tab.

2011 stayed about even

2012 dropped 3 billion

2013 -- deficit down to 6billion -- so 3 years, Obama turned the worst collapse of the U.S. economy in U.S. history around…

2014 -- deficit was what W. had in 2008. 4 years!


Right now 2018 is estimated to be 4 billion and change….

That estimate was made before the huge tax revenue shortfall in the wake of the tax bill.


Look, I'm for making balanced budget a law. Printing money to pay off interest on loans (not principle) is insane, wouldn't you agree?

I'm also for not giving Pentagon MORE than they ask for just so ship builders in some district get to work. Too Keynesian for me. Let's not overpay for ships we don't need so a congressman can get reelected.

People who scream bloody murder about entitlements and welfare, usually don't even know what an entitlement is or which states get the most federal dollars while contributing the least. Hint. with the exception of New Mexico, they're all red states.

but if we let Obama own it, then he dropped two billion off the tab.

What are you talking about?

2012 dropped 3 billion

What are you talking about?

so 3 years, Obama turned the worst collapse of the U.S. economy in U.S. history around…

The recession ended in June 2009, what did he do to end it?
And the Great Depression was much worse.

Right now 2018 is estimated to be 4 billion and change….

What is $4 billion?

That estimate was made before the huge tax revenue shortfall in the wake of the tax bill.

Sounds serious. How huge is the revenue shortfall?
​

Printing money to pay off interest on loans (not principle) is insane, wouldn't you agree?​

Who is recommending we do that?​