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Economics Discuss U.S. expects to hit $1 trillion deficit earlier than planned at the Political Forums; Remember when this was the most important issue of our time back when Obama was in office? I'm sure any ... |
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![]() Remember when this was the most important issue of our time back when Obama was in office? I'm sure any minute that Tea Party crowd, the Republican fiscal conservatives, are going to hound on Trump over a pretty sharply rising deficit just as they did with Obama even though it was in decline under his tenure.
I guess Trump really is running the country like his businesses. Quote:
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![]() I will second that as I have basically stated the same. Until they quit acting like Democrats and get spending under control, deficits will continue to explode.
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Senate Democrats although a minority are able to block any spending cuts proposed and hold the Federal government funding hostage like good little Resistance zealots. Obama is gone but they insist on continuing the same spending orgy that added over $9 trillion to the public debt. ![]() That's not to say spineless Congressional Republicans are blameless for using the Democrats favorite continuing resolution scam and Trump for signing off on it. At least Trump offered a reasonable excuse, rebuilding our military, for endorsing the CR. I won just offered up elections have consequences. ![]()
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![]() It's not just the spending. It's also poor tax policy as well. There were zero good reasons to cut taxes at this time, when the economy and the job market were and the stock market were already growing steadily for years prior, and had no need for a temporary stimulus. Republicans for decades have horrendous at fiscal issues.
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Investors daily would disagree with you: Quote:
https://www.investors.com/politics/e...onomic-growth/ So tells how increasing the amount of money collected by the Fed Gov't is contributing to the deficit.
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![]() After the Obama administration added over $9 trillion to the debt including a $1 trillion stimulus sold as providing shovel ready jobs that were in Obama's words not so shovel ready. Obama and the Democrats keen grasp of fiscal responsibility demanded "clean" debt limit increases with no plan to manage or reduce the debt long term leading to the first ever downgrade of US debt quality rating. But don't worry, this prompted Obama to launch a Federal investigation of the credit rating agency. Shrewd fiscal management indeed. ![]() Although Trump's tax policy and deregulation has succeeded in boosting a torpid economy he has failed to cut Federal spending bloated by Obama's stimulus. Stimulus dollars added to a Federal bureau's budget become part of the new base for future budgets. Trump needs Congressional support to begin cutting back this bloat. ![]()
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![]() The tax cuts did not make the government tax receipts go backwards... ![]() Quote:
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