Utopia Talk / Politics / Deficit Balloons to $779 Billion

Dukhat rank	Wed Oct 31 17:58:57 2018 http://www...ion-highest-since-2012-2018-10 The US budget deficit ballooned to $779 billion this year, the highest since 2012, driven by Trump's tax law and the massive budget deal The US federal budget deficit jumped to $779 billion in fiscal year 2018, the highest level since 2012, according to the Treasury Department. As the GOP tax bill and massive spending agreement took hold, the deficit for fiscal year 2018, which ran from October 2017 through September 2018, was 17% wider than 2017's and totaled 3.9% of GDP. According to the Treasury, revenue grew by just 0.4% as spending grew by 3.2%. The increase in the deficit contradicts Trump and other officials promise that the GOP tax bill would "pay for itself." ... ___________________________________________ The next recession is going to be so bad; we won't have any fiscal room to use any kind of stimulus whether it be tax cuts or a surge in spending. And the lower middle-class (i.e. the cuckservatives) will suffer the most but blame Dems for it because Dems will probably be in charge when the chickens come home to roost.
murder rank	Wed Oct 31 18:00:59 2018 Don't worry, after the midterms Republicans will attack Social Security and Medicare.
Sam Adams rank	Wed Oct 31 18:56:38 2018 Lol cuckhat your welfare is getting reduced.
Hrothgar rank	Fri Nov 02 15:47:44 2018 You'd think the mocking here would be reserved for the GOP, who just absolutely could not stop freaking the hell out about the deficit for the entire 8 Obama years - and now sit on their throne somehow finding a way to actually grow the deficit during a good economy. Utter, absolute, complete hypocrites, every one. The GOP voters should be outraged. But here the rank and file just prove they treat their favorite political party as a religion, not anything logical.
Hot Rod rank	Fri Nov 02 15:56:27 2018 And next years will be considerably less. This year's budget still has the funds in it to rebuild the Military.
Hot Rod rank	Fri Nov 02 16:10:31 2018 I don't recall any Democrats wanting to string up Obama.
patom rank	Fri Nov 02 16:13:12 2018 Hot Rod, our military budget is bigger than the top ten other countries combined. Do you think our health care system could use that money a little more?
werewolf dictator rank	Fri Nov 02 19:18:00 2018 *average gdp growth obama last 6 quarters.. 1.62% *average gdp growth trump first 6 quarters.. 3.00% [3.13% last 4q] http://www.bea.gov/system/files/2018-10/gdp3q18_adv.xlsx [table 1] in near $20 trillion economy.. growing economy by extra 1.38% is equivalent to adding extra ~$275 billion to gdp meanwhile deficit increases by $113b.. from $666b fy 2017 to $779b fy 2018 if one is *only* aiming to reduce the debt-to-gdp ratio.. then the benefits of increasing gdp by $275b is greater than the disadvantages of increasing deficit by $113b at any time the debt-to-gdp ratio was already set to be over 0.411 [and it was going to be waaaaay waaaay over that]
Forwyn rank	Fri Nov 02 21:27:09 2018 "rebuild the Military." Rebuild from what? Buy some more useless F-35s?
kargen rank	Fri Nov 02 21:37:11 2018 "Do you think our health care system could use that money a little more?" The US government spends more than double what the next highest country spends on healthcare. Doesn't seem to be getting us much in return compared to other countries. Both should spend less by doing away with wasteful spending, mismanagement and fraud.
Hot Rod rank	Sat Nov 03 11:43:36 2018 patom - Hot Rod, our military budget is bigger than the top ten other countries combined. Do you think our health care system could use that money a little more? The left is always whining about the Third World countries. Who would come to their rescue during natural disasters if not for the US Navy, Besides, do you want Russia and/or China running the world?
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