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Its past time to start addressing the $22T Debt.
Wow 1 trillion in one year...and guess what a lot of that will be taxed....hence people do better, we get jobs AND we get more taxes........especially in the next couple of years. Who knew?God has truly blessed us with President Trump who's doing an incredible job well done. We owe him our gratitude for making America great again.
It's Official: US is First Country in World History to Increase GDP by More than $1 Trillion in a Year!
Number 1 is so important.......Stop mandating increases in spending.Its past time to start addressing the $22T Debt.
1. Prohibit automatic COLAs in any year the budget is not balanced.
2. Grow the economy to shrink the percentage of debt.
Well, I guess that looks better than pointing out that 2.2% figure.
Oh, and Federal Spending Hits Highest Level Since Bank Bailout and Obama Stimulus
Economic growth slowed in the fourth quarter, leaving GDP short of Trump's goalWell, I guess that looks better than pointing out that 2.2% figure.
Oh, and Federal Spending Hits Highest Level Since Bank Bailout and Obama Stimulus
That's the "projection" for next year.....has nothing to do with the current one, which was % 3.0
And lets hold off on projections, although a 2.2% would still be better than most years of Obama, they tend to be notoriously wrong.
Unfortunately, the mass being mandatory spending.Well, I guess that looks better than pointing out that 2.2% figure.
Oh, and Federal Spending Hits Highest Level Since Bank Bailout and Obama Stimulus
Economic growth slowed in the fourth quarter, leaving GDP short of Trump's goalWell, I guess that looks better than pointing out that 2.2% figure.
Oh, and Federal Spending Hits Highest Level Since Bank Bailout and Obama Stimulus
That's the "projection" for next year.....has nothing to do with the current one, which was % 3.0
And lets hold off on projections, although a 2.2% would still be better than most years of Obama, they tend to be notoriously wrong.
.
Donald Trump Says U.S. Never Hit 3% GDP Growth Under Obama — But It's MisleadingEconomic growth slowed in the fourth quarter, leaving GDP short of Trump's goalWell, I guess that looks better than pointing out that 2.2% figure.
Oh, and Federal Spending Hits Highest Level Since Bank Bailout and Obama Stimulus
That's the "projection" for next year.....has nothing to do with the current one, which was % 3.0
And lets hold off on projections, although a 2.2% would still be better than most years of Obama, they tend to be notoriously wrong.
.
Donald Trump Says U.S. Never Hit 3% GDP Growth Under Obama — But It's MisleadingEconomic growth slowed in the fourth quarter, leaving GDP short of Trump's goalWell, I guess that looks better than pointing out that 2.2% figure.
Oh, and Federal Spending Hits Highest Level Since Bank Bailout and Obama Stimulus
That's the "projection" for next year.....has nothing to do with the current one, which was % 3.0
And lets hold off on projections, although a 2.2% would still be better than most years of Obama, they tend to be notoriously wrong.
.
While its possible for President Trump to reach a 3% annual growth rate for 2017, most forecasters see GDP growth remaining modest over the next three years. Economists surveyed by Bloomberg expect GDP growth the hit 2.1% this year, 2.3% in 2018, and 2.1% in 2019.
Projections are just pulled out of their asses, it's why I laugh when they use these, especially the 10 and 20 year projections on budget items.....it's a joke.....it assumes we live in a vaccum and nothing changes.
As for 3%, it was that way I guess unless they revise Q4 down to 1.8%, which I think is unlikely
Number 1 is so important.......Stop mandating increases in spending.Its past time to start addressing the $22T Debt.
1. Prohibit automatic COLAs in any year the budget is not balanced.
2. Grow the economy to shrink the percentage of debt.
I'm not for raising taxes, been done......have to cut spendingNumber 1 is so important.......Stop mandating increases in spending.Its past time to start addressing the $22T Debt.
1. Prohibit automatic COLAs in any year the budget is not balanced.
2. Grow the economy to shrink the percentage of debt.
The real solution to the Debt is cut spending, which the coxuckers never do, and/or raise taxes to cover the spending:
Cut Spending: [CUT $625b]
1. Cut defense to 2017 levels $600b until the Debt is reduced, saving $150b
2. Cut foreign aid $55b (until Debt is paid we can't borrow to give money away)
3. Cut Welfare $200b & Medicaid $200 (about half)
4. Cut education $20b (state responsibility)
US Government Defense Spending History with Charts - a www.usgovernmentspending.com briefing
Current US Defense Spending
Year Military Veterans Foreign Aid Total Defense
2017 $598.70 billion $178.00 billion $46.30 billion $823.00 billion Say $600b + veterans & no foreign aid
2018 $631.20 billion $180.40 billion $49.00 billion $860.50 billion
2019 $684.60 billion $202.10 billion $54.30 billion $941.00 billion
2020 $737.90 billion $219.20 billion $53.10 billion $1.00 trillion
Raise Taxes: [Raise $900b new revenue]
To cover the $900b budget deficit the following taxes need to be raised:
1. The top tax rate raised about 7% above 2016 levels +$400b
2. Implement a new 3% Fed sales tax +$400b
3. Implement a new transaction tax on all stocks & bonds Impose a Tax on Financial Transactions | Congressional Budget Office +$100b
4. Implement a new remittances tax/fee on all money sent out of the US https://www.americanthinker.com/articles/2018/05/tax_remittances_can_build_the_wall.html 2% of $140b is +$3b a year
If the above recommendations are implemented the $22T Debt would be reduced by about $600b a year. Which would reduce the "interest payment on the Debt", then after 10-years new infrastructure would be affordable.
Trump said no cutting soc sec and medicare benefits and defense spending must rise. And growth IS SLOWING despite the OP misusing statistics.I'm not for raising taxes, been done......have to cut spendingNumber 1 is so important.......Stop mandating increases in spending.Its past time to start addressing the $22T Debt.
1. Prohibit automatic COLAs in any year the budget is not balanced.
2. Grow the economy to shrink the percentage of debt.
The real solution to the Debt is cut spending, which the coxuckers never do, and/or raise taxes to cover the spending:
Cut Spending: [CUT $625b]
1. Cut defense to 2017 levels $600b until the Debt is reduced, saving $150b
2. Cut foreign aid $55b (until Debt is paid we can't borrow to give money away)
3. Cut Welfare $200b & Medicaid $200 (about half)
4. Cut education $20b (state responsibility)
US Government Defense Spending History with Charts - a www.usgovernmentspending.com briefing
Current US Defense Spending
Year Military Veterans Foreign Aid Total Defense
2017 $598.70 billion $178.00 billion $46.30 billion $823.00 billion Say $600b + veterans & no foreign aid
2018 $631.20 billion $180.40 billion $49.00 billion $860.50 billion
2019 $684.60 billion $202.10 billion $54.30 billion $941.00 billion
2020 $737.90 billion $219.20 billion $53.10 billion $1.00 trillion
Raise Taxes: [Raise $900b new revenue]
To cover the $900b budget deficit the following taxes need to be raised:
1. The top tax rate raised about 7% above 2016 levels +$400b
2. Implement a new 3% Fed sales tax +$400b
3. Implement a new transaction tax on all stocks & bonds Impose a Tax on Financial Transactions | Congressional Budget Office +$100b
4. Implement a new remittances tax/fee on all money sent out of the US https://www.americanthinker.com/articles/2018/05/tax_remittances_can_build_the_wall.html 2% of $140b is +$3b a year
If the above recommendations are implemented the $22T Debt would be reduced by about $600b a year. Which would reduce the "interest payment on the Debt", then after 10-years new infrastructure would be affordable.
Stop baseline budgeting and start over every quarter/year......and actually reduce the spending from one year to the next....but in order to balance the budget we would need to cut entitlements......
Donald Trump Says U.S. Never Hit 3% GDP Growth Under Obama — But It's Misleading
Yeah, I dont get that....he was right or not.....it's funny how the left never has that kind of contextDonald Trump Says U.S. Never Hit 3% GDP Growth Under Obama — But It's Misleading
"Technically, the President of the United States was correct."
