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

#23

(01-30-2019, 06:08 PM)TJBender Wrote:
(01-30-2019, 05:43 PM)B2hibry Wrote: It’s called spending more than the revenue being brought in. Those tax cuts did in fact increase revenues but the federal budget is outpacing. Doubling Medicare/Medicaid in less than 10 years doesn’t help. The Dems control the house so we’ll see how spending goes. Hint...it isn’t going down!

The days of "liberal" and "conservative" being tied to spending habits are long gone. Republicans will spend a dollar just as quickly as the Democrats, they just won't spend it on the same thing. The language is adorable. They (all) "save" $X billion on one thing, "freeing up" $Y billion for another when neither of those billions was ever really there in the first place. Healthcare and defense spending are two of the most common places to hear about legislators not spending money they don't have on one thing so they can spend that same money on something else, and at the end of the day, we're still one collections call away from planting a Chinese flag in the White House lawn.
I completely get that. It was moreso a rub towards those that latch debt solely to the POTUS and not Congress.

FYI, the China thing is a giant fallacy. Their economy banks on us having a stronger dollar. Calling in all debt at once would hurt them as much if not more than us. The world economy wouldn’t survive an economic collapse of both the US and China.
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RE: Deficit to hit $897 Billion this year, Debt headed towards highest level since WWII - by B2hibry - 01-30-2019, 07:03 PM



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