U.S. cruises toward record-breaking debt on Trump's watch

The nation’s fiscal outlook looks ever bleaker, thanks in part to deficit spending during President Donald Trump’s first term, Congress’ nonpartisan budget scorekeeper projected Tuesday.

 

Within 16 years, the federal deficit is expected to be the largest in history, outpacing even the fiscal shortfalls that followed World War II, according to Congressional Budget Office estimates.

 

Debt is projected to reach 78 percent of gross domestic product by the end of this year — the highest level since about 1950.

 

At this rate, that debt would actually exceed the size of the economy within a decade, breaking the historic record of 106 percent by 2034.


Source

 

Lol, There are about as many Republicans that are fiscal conservatives out in the wild as there are Yeti. 

Edited on Jun 26, 2018 3:49pm

And you think allowing anyone and everyone into our country on “our dime” is reasonable!

And your daddy Obeyme had nothing to do with this, right? Still looking for things to complain about - without any suggested solutions, as usual.

Originally posted by: rdwoodpecker

And you think allowing anyone and everyone into our country on “our dime” is reasonable!


In case you missed it in the news today ICE is out of money.  They don't have the money to jail these immigrants and their families. The number I saw today was $420 a day to house each individual migrant member in the family housing. Ice doesn't have the money to build the facilities or pay for the care. It is much less expensive to let these people go to work and pay their own expenses.  


It would be less expensive to refuse them entry into the United States. Since you have a problem with that, why don't YOU volunteer to house some of these illegals at your home. Then you can get a real picture of their cost. Well? 

Why would I need to? They can get a job and pay their own expenses as 99% of them want to do. 

Edited on Jun 26, 2018 6:36pm

CBO estimates are historically incorrect...and I doubt they factor in the increased revenue to the treasury via taxes generated by the current strong ecomony. Liberals will never understand that the more you tax an activity (business), the less it will occur.

 

As to the costs of housing illegal immigrants, JUST BUILD THE WALL!

It should come as no surprise to any thinking person that large tax cuts don't lead to increased revenue.  The CBO is factoring in the actual shortfall in revenue the tax cuts are causing in its calculations.  The article, headline and the quotes are word for word from conservative-leaning Politico. 

Edited on Jun 26, 2018 6:59pm
Originally posted by: Mark

It should come as no surprise to any thinking person that large tax cuts don't lead to increased revenue.  The CBO is factoring in the actual shortfall in revenue the tax cuts are causing in its calculations.  The article, headline and the quotes are word for word from conservative-leaning Politico. 


Conservative-leaning Politico? LOL! You are so far left you can't ever see center!

 

The tax income to the treasury doubled under Reagan. Doubling is an increase. A substantial increase.

 

Liberal socialists don't, and never will, understand economics.

Many do WANT TO WORK and many more just want the government freebies thrown upon them. Can you not understand, their is a RIGHT and WRONG way to enter this country. Not sure why you struggle so hard with this?

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