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Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII

#15

(01-30-2019, 01:12 PM)B2hibry Wrote:
(01-30-2019, 01:06 PM)StroudCrowd1 Wrote: At the end of the day, I don't think the Federal Government is really interested in eliminating hundreds of thousands of jobs, and you also have to imagine there is serious lobbying going on from tax preparation firms as well. 

I look at this the same way if there was a cure for cancer discovered. Would it actually be allowed to see the light of day? Think of the amount of jobs lost and the impact on big pharm. 

Government is scary.

Yeah that is huge. We all know government will always spend more, never less. Heck, before I retired, the end of the fiscal year brought about panic and useless spending just so we could show that we would always need more, not less. "Quick, you have $1.5M and 24 hours!" It was happening before me and I'm sure it is still happening. Rediculous.

I can confirm that this is a thing among government contractors. My wife worked at a research facility that received a number of grants from the federal government, and the rules were practically written to encourage waste. If there was one penny left in the grant, they had to do a complete accounting of where every dollar went. If the grant was fully spent, no audit was needed.

That facility got itself a new coffee maker and a boatload of chairs every 6 months or so.
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RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by TJBender - 01-30-2019, 02:35 PM



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