Another historic first for the Donald:
The U.S. posted its biggest monthly budget deficit on record last month, amid falling corporate and individual tax revenue and increasing federal spending.
The budget gap widened to $234 billion in February, compared with a fiscal gap of $215.2 billion a year earlier. That gap surpassed the previous monthly record of $231.7 billion set seven years ago, according to data compiled by Bloomberg.
February’s shortfall helped push the deficit for the first five months of the government’s fiscal year to $544.2 billion, up almost 40 percent from the same period the previous year, the Treasury Department said in its monthly budget report Friday.
https://www.bloomberg.com/news/articles/2019-03-22/u-s-posts-largest-monthly-budget-deficit-on-record-in-february
@no1marauder saidCut spending!
Another historic first for the Donald:
The U.S. posted its biggest monthly budget deficit on record last month, amid falling corporate and individual tax revenue and increasing federal spending.
The budget gap widened to $234 billion in February, compared with a fiscal gap of $215.2 billion a year earlier. That gap surpassed the previous monthly record of $231.7 bil ...[text shortened]... loomberg.com/news/articles/2019-03-22/u-s-posts-largest-monthly-budget-deficit-on-record-in-february
@no1marauder saidsure could use that 10 trillion obama set us back couldnt we?
Another historic first for the Donald:
The U.S. posted its biggest monthly budget deficit on record last month, amid falling corporate and individual tax revenue and increasing federal spending.
The budget gap widened to $234 billion in February, compared with a fiscal gap of $215.2 billion a year earlier. That gap surpassed the previous monthly record of $231.7 bil ...[text shortened]... loomberg.com/news/articles/2019-03-22/u-s-posts-largest-monthly-budget-deficit-on-record-in-february
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@mott-the-hoople saidOr even better the surplus that Clinton left us with!
sure could use that 10 trillion obama set us back couldnt we?
@athousandyoung saidare you sure you understand debt vs deficit?
Or even better the surplus that Clinton left us with!
@mott-the-hoople saidYes, and this thread is about deficit.
are you sure you understand debt vs deficit?
@athousandyoung saidyes, but you replied to my post which was about debt.
Yes, and this thread is about deficit.
@kazetnagorra saidEasy. I will just do entitlements for the moment. First identify the truly impoverished, and entitle them to the basic necessities. Then cut out all the other entitlements, including planned parenthood, food stamps, the works. Maybe spend a little bit of money pointing out where all the jobs are.
What spending should be cut in your opinion?
Then, do NOT pay for Guaranteed salaries, Family Leave, College education, Medical leave, free healthy food, guaranteed retirement, free healthcare, etc, free money, free house insurance, free movie tickets, all of which would cost over $92 Trillion over 10 years. Take that money, and, instead, Make America Great Again!
Also, do NOT do away with airplanes, cows, oil, and combustion engines. How we gonna move the economy, and tons and tons and tons of food without combustion engines? Yeah, that could really result in unintended consequences. Especially when Russians and Iranians are flying the skies while we are running around on the ground. C'mon.
@averagejoe1 saidHow will you pay for the government employees who will identify the truly impoverished?
Easy. I will just do entitlements for the moment. First identify the truly impoverished, and entitle them to the basic necessities. Then cut out all the other entitlements, including planned parenthood, food stamps, the works. Maybe spend a little bit of money pointing out where all the jobs are.
Then, do NOT pay for Guaranteed salaries, Family Leave, College educ ...[text shortened]... when Russians and Iranians are flying the skies while we are running around on the ground. C'mon.
@averagejoe1 saidIf it's so "easy" to eliminate the budget deficit, how come Trump hasn't submitted anywhere near a balanced budget?
Easy. I will just do entitlements for the moment. First identify the truly impoverished, and entitle them to the basic necessities. Then cut out all the other entitlements, including planned parenthood, food stamps, the works. Maybe spend a little bit of money pointing out where all the jobs are.
Then, do NOT pay for Guaranteed salaries, Family Leave, College educ ...[text shortened]... when Russians and Iranians are flying the skies while we are running around on the ground. C'mon.
@no1marauder saidWell, when the president ignores the deficit, that means it’s not important.
If it's so "easy" to eliminate the budget deficit, how come Trump hasn't submitted anywhere near a balanced budget?
@averagejoe1 saidAbolishing Medicare, Medicaid and Social Security would certainly yield some fiscal breathing room. What about the additional people dying, though?
Easy. I will just do entitlements for the moment. First identify the truly impoverished, and entitle them to the basic necessities. Then cut out all the other entitlements, including planned parenthood, food stamps, the works. Maybe spend a little bit of money pointing out where all the jobs are.
Then, do NOT pay for Guaranteed salaries, Family Leave, College educ ...[text shortened]... when Russians and Iranians are flying the skies while we are running around on the ground. C'mon.