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The current time is Fri Oct 19 09:05:50 2018

Utopia Talk / Politics / Spending deal reached
Im better then you
2012 UP Football Champ
Thu Feb 08 17:11:17
This and the tax cuts will destroy the budget and this won't even include the parade. Unless the parade is so huge that it pays for itself.



Highlights of the budget deal
— Total cost of the package, including disaster aid and tax provisions, approaches $500 billion


— Raises spending levels by $300 billion over two years. The Pentagon would see a $80 billion boost for fiscal 2018, and another $85 billion in fiscal 2019. Domestic funding would increase $63 billion in fiscal 2018, and $68 billion in fiscal 2019.

— Raises the debt limit through March 2019, through the midterm elections.

— Provides $89.3 billion in disaster recovery mostly targeted at Texas, Florida, Puerto Rico and the Virgin Islands. The package also includes billions for other disasters, including wildfires and droughts, going back four years.

— Extends funding for the Children’s Health Insurance Program (CHIP) for an additional four years. The program will now be funded through 2028.

— Revives a bloc of three-dozen tax “extenders,” largely related to energy. Most are retroactive for one year.
ADVERTISING



— Restores eight tax breaks known as “Medicare extenders,” including eliminating the Medicare funding cap on physical therapy, a long-sought health policy priority.

— Includes stopgap spending to avert a government shutdown before a midnight Thursday deadline.
CrownRoyal
Member
Thu Feb 08 17:30:34
"The combined impact on the deficit of the Republican tax cuts and the spending deal over the next two years will likely exceed the $580 billion President Barack Obama’s economic stimulus added in 2009 and 2010 during the depths of the recession."

http://www...sks-intensifying-market-frenzy



The Tea Party is taking it to the streets any time now.
jergul
large member
Thu Feb 08 18:06:37
12.5 by 2020.
Sam Adams
Member
Thu Feb 08 18:23:51
Not looking so good huh jergul. Your so behind you need a nuclear war or alien invasion. Its hail mary for jergul time.
Hot Rod
Revved Up
Thu Feb 08 21:05:18

Ibty, You can thank Obama for all of that.

And before you scream and whine, give it some thought.

Dukhat
Member
Fri Feb 09 00:00:47
Probably with inflation we're looking at about 18% in nominal terms.

But that's assuming only a mild recession. A fiscal shock like a land-war in Korea would explode the deficit and debt to unsustainable levels and lead to significantly more inflation.

If anyone can fuck this country up that much, it'll be TRump.
jergul
large member
Fri Feb 09 02:46:16
Sammy
I actually just need a sharp revaluation of the USD.
yankeessuck123
Member
Fri Feb 09 06:45:30
Massive increase to military spending.

And those tax cuts.

How about those fiscally responsible Republicans!
Hrothgar
Member
Fri Feb 09 09:34:54
Maybe Mexico and Canada will pay for the parade because the US Army protects their independence automatically.
Hot Rod
Revved Up
Fri Feb 09 09:50:01

How about those Militarily responsible Republicans!



Three Cheers!!!

Hip, Hip, Hooray!

Hip, Hip, Hooray!

Hip, Hip, Hooray!


They gave Trump more than he asked for.



If we can't protect ourselves and our allies what are we good for?

Rugian
Member
Fri Feb 09 10:15:23
$500 billion a year isn't enough to protect us and our allies?
tumbleweed
the wanderer
Fri Feb 09 10:28:31
If we can't conquer the world what are we good for?
tumbleweed
the wanderer
Fri Feb 09 10:37:54
TRUMP:
"
Just signed Bill. Our Military will now be stronger than ever before. We love and need our Military and gave them everything — and more. First time this has happened in a long time. Also means JOBS, JOBS, JOBS!

Without more Republicans in Congress, we were forced to increase spending on things we do not like or want in order to finally, after many years of depletion, take care of our Military. Sadly, we needed some Dem votes for passage. Must elect more Republicans in 2018 Election!

Costs on non-military lines will never come down if we do not elect more Republicans in the 2018 Election, and beyond. This Bill is a BIG VICTORY for our Military, but much waste in order to get Dem votes. Fortunately, DACA not included in this Bill, negotiations to start now!
"

apparently spending on Military is all he cares about... as well as squashing any influence from people who don't agree with him

...nothing to worry about
hood
Member
Fri Feb 09 13:09:55
Trump is literally white Rocketman.
yankeessuck123
Member
Sun Feb 11 11:14:54
Rod, what's it like being a complete and total toadie?
hood
Member
Sun Feb 11 11:18:33
Please rephrase; hot rod doesn't understand.
Hot Rod
Revved Up
Sun Feb 11 16:40:19

What is it like to not understand that a bull market will, sooner or later, have a correction?

You do realize that there is nothing wrong with the market and it is as solid as ever?


Don't you?



Im better then you
2012 UP Football Champ
Sun Feb 11 22:50:34
You do relize that corps were making shitload money before the tax cut?
hood
Member
Sun Feb 11 23:02:24
Wasn't it just days ago that you were trying to blame Obama for it, Rod?
yankeessuck123
Member
Mon Feb 12 03:01:14
This is not a thread about the stock market, but about the fiscal irresponsibility of the Republicans in Congress and the Trump administration. My post was in regards to how you fawningly praise all things done by the POTUS.
jergul
large member
Mon Feb 12 03:38:46
ys
Its only irresponsible if there is a price. That remains unclear.

12.5 by 2020.
yankeessuck123
Member
Mon Feb 12 04:25:52
But if nothing else, there's some wild hypocrisy in play here.
jergul
large member
Mon Feb 12 04:31:08
ys
But of course.
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