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The federal deficit ballooned at start of new fiscal year, up 77 percent from a year before


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Conservatives my ass.......

The federal deficit ballooned at start of new fiscal year, up 77 percent from a year before

Source: The Washington Post

By Damian Paletta March 5 at 2:57 PM 

The federal budget deficit ballooned rapidly in the first four months of the fiscal year amid falling tax revenue and higher spending, the Treasury Department said Tuesday, posing a new challenge for the White House and Congress and they prepare for a number of budget battles. 

The deficit grew 77 percent in the first four months of fiscal year 2019 compared with the same period one year before, Treasury said. The total deficit for the four month period was $310 billion, Treasury said, up from $176 billion for the same period one year earlier. 

“It’s big tax cuts combined with big increases in spending when they already had big deficits,” said former Senate Budget Committee Chairman Kent Conrad (D-N.D.). “So guess what, it’s craziness!” 

When Republicans seized control of the House of Representatives during the Obama administration, lawmakers and White House officials embarked on a number of strained negotiations to try and reduce the gap between spending and tax revenue. During the Trump administration, there have not been any similar discussions, and Trump has largely pushed for an agenda of tax cuts and spending increases that had grown the deficit markedly.

Read more: https://www.washingtonpost.com/business/economy/the-federal-deficit-ballooned-at-start-of-new-fiscal-year-up-77-percent-from-a-year-before/2019/03/05/ff8d31f6-3f75-11e9-9361-301ffb5bd5e6_story.html
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The Wall Street journal recently had an article that stated the tax cuts unleashed the economy. Now I read that warren buffet is no longer concerned about rising deficits. How many times do the experts need to be wrong before someone notices that they’re not experts at all?

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Jesus-Fucking-Christ! Some people have been bitching about this for years but now that a Republican is in office MC gets his pussy grabbed!

Sweet fuck dude, you are a simple minded hack who shits his pants.

Oh and before you chime in with your dumper bullshit, fuck you as well toolkit!

:fuckyou:

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5 minutes ago, Mainecat said:

Yeah the stock market...blah fuckin blah. Only 32% of Americans have a 401k plan. That’s nothing. 

You going to blame trump for that as well?

:lmao: 

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19 minutes ago, Kivalo said:

Jesus-Fucking-Christ! Some people have been bitching about this for years but now that a Republican is in office MC gets his pussy grabbed!

Sweet fuck dude, you are a simple minded hack who shits his pants.

Oh and before you chime in with your dumper bullshit, fuck you as well toolkit!

:fuckyou:

There were many right on this site bitching constantly about debt and deficit,  that ended once Trump was elected.

And as an aside the US is not fighting 2 wars now. At least not that have 100,000 Troops involved.

 

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21 minutes ago, 1jkw said:

There were many right on this site bitching constantly about debt and deficit,  that ended once Trump was elected.

And as an aside the US is not fighting 2 wars now. At least not that have 100,000 Troops involved.

 

That's absolutely true, many in the right have clammed right up about the deficit. Fucking hypocrites, the whole damn lot of them!

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7 minutes ago, Kivalo said:

That's absolutely true, many in the right have clammed right up about the deficit. Fucking hypocrites, the whole damn lot of them!

And your pussy clams up when it comes time to speak up :lmao: 

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2 hours ago, ActionfigureJoe said:

The Wall Street journal recently had an article that stated the tax cuts unleashed the economy. Now I read that warren buffet is no longer concerned about rising deficits. How many times do the experts need to be wrong before someone notices that they’re not experts at all?

You need to stick your neck out and show them all how its done.

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3 hours ago, Mainecat said:

Conservatives my ass.......

The federal deficit ballooned at start of new fiscal year, up 77 percent from a year before

Source: The Washington Post

By Damian Paletta March 5 at 2:57 PM 

The federal budget deficit ballooned rapidly in the first four months of the fiscal year amid falling tax revenue and higher spending, the Treasury Department said Tuesday, posing a new challenge for the White House and Congress and they prepare for a number of budget battles. 

The deficit grew 77 percent in the first four months of fiscal year 2019 compared with the same period one year before, Treasury said. The total deficit for the four month period was $310 billion, Treasury said, up from $176 billion for the same period one year earlier. 

“It’s big tax cuts combined with big increases in spending when they already had big deficits,” said former Senate Budget Committee Chairman Kent Conrad (D-N.D.). “So guess what, it’s craziness!” 

When Republicans seized control of the House of Representatives during the Obama administration, lawmakers and White House officials embarked on a number of strained negotiations to try and reduce the gap between spending and tax revenue. During the Trump administration, there have not been any similar discussions, and Trump has largely pushed for an agenda of tax cuts and spending increases that had grown the deficit markedly.

Read more: https://www.washingtonpost.com/business/economy/the-federal-deficit-ballooned-at-start-of-new-fiscal-year-up-77-percent-from-a-year-before/2019/03/05/ff8d31f6-3f75-11e9-9361-301ffb5bd5e6_story.html

Concern about deficit????? That’s so 2016. 

It is weird that our drama teacher is reducing our deficit and the “successful Businessman” to our South has increase yours. 

What’s Trump spending it all on?  He defeated ISIS in 30 days didn’t he?  He had a healthcare plan that was going to cover everyone at a fraction of the cost. That should have helped the economy. 

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