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Re: Budget deficit smashes $1 trillion mark

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@CriticalThinking wrote:

Same question. Remember when Republicans stood for smaller government and reducing the deficit.? Today, the Republican Members of Congress are so terrified of criticizing Trump, they completely reversed long time, core positions on the budget.


I would add the majority would, 'Kiss The Ring,' to get as many Judges appointed as they could. At one time you may have disagreed with Republicans and still had respect for them. I respected people like John McCain. As a Democrat, I would like to see a return of the old Republicans, who understood working across the aisle and who would put Country above Party.   

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Budget deficit smashes $1 trillion mark

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Message 12 of 18

Same question. Remember when Republicans stood for smaller government and reducing the deficit.? Today, the Republican Members of Congress are so terrified of criticizing Trump, they completely reversed long time, core positions on the budget.

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Treasured Social Butterfly
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Re: Budget deficit smashes $1 trillion mark

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Message 13 of 18

Deficit Donald

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Re: Budget deficit smashes $1 trillion mark

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Message 14 of 18

@Olderscout66 wrote:

 


@retiredtraveler wrote:

No one cares. It's fiat currency (no backing). It's just bits and bytes on a computer. No worries. There is no shortage of electrons.


Seens that way, but not even close to reality.

 

Neither the Debt nor the Deficit matter UNTIL people refuse to buy the securities we sell to finance both.

 

After 8 years of impecable honesty and fantastic Statesmanship, President Obama handed ToadPOTUS a situation where the USA paid 1.8% on the bonds we sold to pay for the Republican Debt. ToadPOTUS has mismanaged everything he touched so investor confidence evaporated and we now pay 3.9%, a DOUBLING of the cost of servicing the Republican Debt due entirely to the World's view of the nincompoop tRump.


*********************

What else can we expect from man who has bankrupted more businesses than he has succeeded with?  For those who don't have a life preserver, maybe holding your nose with one hand and treading water with the other hand will do the trick as we ride the Trump Titantic.  

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Re: Budget deficit smashes $1 trillion mark

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Message 15 of 18

 


@retiredtraveler wrote:

No one cares. It's fiat currency (no backing). It's just bits and bytes on a computer. No worries. There is no shortage of electrons.


Seens that way, but not even close to reality.

 

Neither the Debt nor the Deficit matter UNTIL people refuse to buy the securities we sell to finance both.

 

After 8 years of impecable honesty and fantastic Statesmanship, President Obama handed ToadPOTUS a situation where the USA paid 1.8% on the bonds we sold to pay for the Republican Debt. ToadPOTUS has mismanaged everything he touched so investor confidence evaporated and we now pay 3.9%, a DOUBLING of the cost of servicing the Republican Debt due entirely to the World's view of the nincompoop tRump.

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Budget deficit smashes $1 trillion mark

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Message 16 of 18

Remember when Republicans stood for smaller government and reducing the deficit?

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Re: Budget deficit smashes $1 trillion mark

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Message 17 of 18

No one cares. It's fiat currency (no backing). It's just bits and bytes on a computer. No worries. There is no shortage of electrons.


"...Why is everyone a victim? Take personal responsibility for your life..."
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Budget deficit smashes $1 trillion mark

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Budget deficit smashes $1 trillion mark, the highest in seven years

 

The U.S. government’s red ink for fiscal 2019 swelled past the $1 trillion mark in August, the first time that level has been eclipsed in seven years, the Treasury Department reported Thursday.

 

The total shortfall rose to nearly $1.07 trillion, thanks to a difference between revenue and expenses of more than $214.1 billion in August.

 

https://www.cnbc.com/2019/09/12/budget-deficit-smashes-1-trillion-mark-the-highest-in-seven-years.ht...

 

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