US posts largest budget deficit on record in February

Discussion in 'United States' started by Jimbo11, Mar 22, 2019.

  1. ronv

    ronv Well-Known Member

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    Yeah, Who would have thought you could screw it up this bad this fast.
    Raise the debt
    Lower the revenue
    increase interest rates

    A trifecta!
     
  2. vman12

    vman12 Well-Known Member Past Donor

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  3. vman12

    vman12 Well-Known Member Past Donor

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    No, clicking them works just fine to get the link. If you can turn a computer on it should be pretty simple to figure out.

    One even has the source in the photo. Sounds hard figuring it out.

    Where did you copy/paste those last two paragraphs from?
     
  4. ronv

    ronv Well-Known Member

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    From the link. Honest people post links.
     
  5. vman12

    vman12 Well-Known Member Past Donor

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    Semi-intelligent people know how to get links from the photos.

    Semi-intelligent people can also see that your article deals in preliminary numbers and was written in Aug 2018.

    Fail and fail.
     
  6. ronv

    ronv Well-Known Member

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    How do you think I pointed you to quotes from the link to your picture?
    Did something change from the article, If so post it (with a link).
    The big drop will show up in the April report.
    When that happens we will have a full year of tax receipts and we can see just how bad it really is.
     
  7. Mac-7

    Mac-7 Banned

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    You try ot at 90-95% percent and see what happens under comrade cortez or bernie sanders
     
  8. fmw

    fmw Well-Known Member

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    Agreed. Spending has always been the problem.
     
  9. sec

    sec Well-Known Member

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    not sure why part of my post was edited

    My post stated

    Full Democrat control = increased debt
    Full GOP control = increased debt

    And we are all played like fiddles to pick sides when all of them are the same; they need our tax dollars to get rich
     
  10. ronv

    ronv Well-Known Member

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    You mean back when we built the interstate highway system and put a man on the moon?
    Before we were unable to repair those highways and pay Russia to use their rockets for space travel?

    [​IMG]
     
  11. Mac-7

    Mac-7 Banned

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    The first big tax cut occurred just after JFK was assissinated

    And it was a big success

    The stated goals of the tax cuts were to raise personal incomes, increase consumption, and increase capital investments. Evidence shows that these goals were exceeded by large degree with the combination of tax cuts and domestic spending programs President Johnson advocated, such as Medicare.[4]Unemployment fell from 5.2% in 1964 to 4.5% in 1965, and fell to 3.8% in 1966.[4][5] Initial estimates predicted a loss of revenue as a result of the tax cuts, however, tax revenue increased in 1964 and 1965.[4][6]

    https://en.m.wikipedia.org/wiki/Revenue_Act_of_1964
     
  12. danielpalos

    danielpalos Banned

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    The right wing only complains about social services for the Poor, not the fact that we cannot finance their non-free stuff forever.
     
  13. danielpalos

    danielpalos Banned

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    Balancing the budget or running massive surpluses is the Only criteria for success.
     
  14. Mac-7

    Mac-7 Banned

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    If liberals did not insist on wiping every nose through welare the budget could be balanced

    But now the debt is so large that interest on the debt may drive out everything else
     
  15. danielpalos

    danielpalos Banned

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    lol. only the right wing is that clueless and that Causeless. it is not welfare spending that is the problem. it is warfare spending that You refuse to acknowledge as being really really serious enough to pay really really serious wartime tax rates for; they should be abolished as right wing frivolity at the expense of the Poor.
     
  16. Mac-7

    Mac-7 Banned

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    The military budget hovers around 15% of the federal budget

    Unearned entitlement are much more than that
     
  17. Mac-7

    Mac-7 Banned

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    But, what would the world be like if the russians and chinese were undisputed masters instead of the United States standing in their way?
     
  18. danielpalos

    danielpalos Banned

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    so what; providing for the general welfare is in our Constitution; providing for the general warfare is not. And, why not use dollar amounts instead of percentages for military spending?
     
  19. danielpalos

    danielpalos Banned

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    lol. Only lousy capitalists who believe their Commerce Clause is useless, think that way.
     
  20. Mac-7

    Mac-7 Banned

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    Welfare for individuals is not providing for the general welare
     
  21. Mac-7

    Mac-7 Banned

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    The world was blessed with capitalism but cursed with socialism
     
  22. Giftedone

    Giftedone Well-Known Member Past Donor

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    If there was no loss in revenue - then there is even less of an excuse for the increased deficit. I don't get your logic here.
     
  23. Doug_yvr

    Doug_yvr Well-Known Member Past Donor

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    Yeah that will save you. Maybe take a look at your military spending?
     
  24. Mac-7

    Mac-7 Banned

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    My ilitsry spending?

    Are you one of those liberal Peeping Toms from a foreign country?
     
  25. Giftedone

    Giftedone Well-Known Member Past Donor

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    This kind of "black vs white" thinking is the cause of the problem - not the solution. There are good and bad things about both Socialism and Capitalism.

    This is also hypocrisy as there are many things that you like about socialism. Roads, clean drinking water, protection from harm (Police, Military) are not all bad.
     
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