Mileage Psycho Posted March 12, 2019 Share Posted March 12, 2019 We saw it happen under Reagan and now we see a repeat under Trump. Quote Trump broke his promise to fix the debt. He'll blame Congress in 2020. WASHINGTON — President Donald Trump's budget is the confession of a broken promise. As a candidate, Trump famously vowed to eliminate the national debt in eight years. But under the spending blueprint he released Monday — which has "promises kept" in its title — the federal government wouldn't start paying down debt for 15 years. Until then, even under the rosy projections of Trump's budget-writers, Washington would run annual deficits adding to a red-ink total that already stands at more than $22 trillion. Of course, Trump's initial promise was fantastical. But his tax cuts and defense buildup ushered in a new era of trillion-dollar annual deficits. His own budget projects that next year's deficit will weigh in at $1.1 trillion. That's despite calling for massive cuts to entitlement programs, headlined by a plan to force recipients of Medicaid, food stamps and federal housing subsidies to work or otherwise engage in their communities. There was no way, given the state of the national debt or of his preferred policies, that Trump could begin to entertain the idea that he would be able to campaign in 2020 on having kept the promise that he would eliminate the national debt. Instead, what he's setting up to do with this budget is fight with — and blame — members of Congress as he frames his re-election message. The fiscal failure is their fault because they didn't follow his lead, his allies say. "Congress just hasn't been willing to play ball," Russ Vought, the deputy director of the Office of Management and Budget, said Monday at a White House press conference. The deficits in Trump's early years in office were necessary, Vought said, "to get the economy going," which was essentially the reasoning for the deficit-financed Obama stimulus plan a decade ago. Now, administration officials and Trump allies say, it's time for Congress to make trade-offs that reflect Trump's priorities. Democrats say he's asking them to harm the poor and the middle-class to maintain low tax rates for individuals and corporations and to continue building up the Pentagon at the expense of non-defense agencies, which would see a 5 percent cut in discretionary spending. "The cruel and shortsighted cuts in President Trump's budget request are a roadmap to a sicker, weaker America," Speaker Nancy Pelosi, D-Calif., said in a statement. "House Democrats will reject this toxic, destructive budget request which would hollow out our national strength and fail to meet the needs of the American people." Trump "is committed" to cutting deficits and eliminating the debt, said Michael Caputo, who worked on his 2016 campaign. "I think he's now accustomed to the unfortunate reality of the situation, which is neither side has any interest in proper stewardship of the taxpayers' money." That means hammering lawmakers on both sides of the aisle for blocking his proposals to eliminate federal programs and even spending requests — like the $8.6 billion he wants for a wall along the U.S. border with Mexico — that would add to the expenditure side of the ledger. Already, he's getting pushback from members of his own party on specific provisions. For example, Sen. Rob Portman, R-Ohio, dashed out a press release vowing to fight Trump's proposal to slash funding for the Great Lakes Restoration Initiative by 90 percent. On a more global level, lawmakers are also sure to refuse his calls to make massive cuts to entitlement programs, including Medicare and Medicaid, where his budget envisions reaping savings from kicking the poor and elderly off social insurance programs if those aid recipients don't work. And Democrats say his request for more wall money — in the midst of a fight with Congress over whether he can shift previously appropriated money around for that purpose — is a non-starter. Moreover, they say he's pinching the poor and middle class through programmatic cuts for what Rep. Seth Moulton, D-Mass., the vice chairman of the House Budget Committee and a possible 2020 presidential candidate, called "narrow personal political priorities" like tax cuts for the wealthiest Americans and the border wall. "The president's budget is a chance to challenge the country to think big," said Rep. Seth Moulton, D-Mass., the vice chairman of the House Budget Committee and a potential 2020 presidential candidate. "President Trump just delivered a budget that challenges America to look backwards to a 1970s economic vision and a 5th century national security vision with a silly wall." Even if Congress enacted every line of Trump's budget — and make no mistake, it's actually headed straight for a waste bin in Pelosi's Capitol office — he would start next year's campaign stretch run having added trillions of dollars to the debt he promised to eliminate. More than that, he has now shown he has no plan for the budget being balanced in any single year until he's been out of office for at least a decade. He can blame Congress all he wants. But the numbers — even the optimistic figures pumped out by his budget office — don't lie. Trump didn't just break his promise to eliminate debt; he reversed it. https://www.msn.com/en-us/news/politics/trump-broke-his-promise-to-fix-the-debt-hell-blame-congress-in-2020/ar-BBUE2v7#image=1 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted March 12, 2019 Share Posted March 12, 2019 Cutting Medicare to support a fuckin fake wall. Trump needs to be gone. Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 12, 2019 Share Posted March 12, 2019 Fuck republicans Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted March 12, 2019 Share Posted March 12, 2019 His budget has cuts to social security. Let’s see how the aging evangelical’s Jesus likes that? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 12, 2019 Platinum Contributing Member Share Posted March 12, 2019 Honestly what are the options that congress would agree to? Quote Link to comment Share on other sites More sharing options...
Mainecat Posted March 12, 2019 Share Posted March 12, 2019 Another lie. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted March 12, 2019 Platinum Contributing Member Share Posted March 12, 2019 21 minutes ago, Highmark said: Honestly what are the options that congress would agree to? What happened to the Repug sequester? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 12, 2019 Platinum Contributing Member Share Posted March 12, 2019 Obama's last budget to congress. The Obama administration's proposed budget for 2017 proposed spending $4.2 trillion and raising $3.6 trillion in tax revenue Trumps first budget to congress. The OMB estimated FY2018 would involve outlays of $4.094 trillion and revenues of $3.654 trillion, a $440 billion deficit. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted March 12, 2019 Platinum Contributing Member Share Posted March 12, 2019 Just now, Highmark said: Obama's last budget to congress. The Obama administration's proposed budget for 2017 proposed spending $4.2 trillion and raising $3.6 trillion in tax revenue Trumps first budget to congress. The OMB estimated FY2018 would involve outlays of $4.094 trillion and revenues of $3.654 trillion, a $440 billion deficit. Total lie. His budget debt proved to greatly exceeded the forecast based on his rosey economic projections Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 12, 2019 Platinum Contributing Member Share Posted March 12, 2019 (edited) 8 minutes ago, SnowRider said: Total lie. His budget debt proved to greatly exceeded the forecast based on his rosey economic projections CBO projections on both....not the WH's. None of the CBO predictions are accurate. You think they were for Obama's budgets? The Feds Borrow More Than The "Deficit" People naturally assume that the annual Deficit is the total that the Federal government borrows each year. Actually this is not so. The Deficit is simply the difference between Federal Outlays and Federal Receipts. Usually, the Feds borrow a lot more than the official Deficit. Like below, in $ billion: Year Gross Debt Debt Increase Federal Deficit Other Borrow 2000 5629 24 -236 259 2005 7905 551 318 232 2010 13529 1653 1294 359 2011 14764 1235 1300 -64 2012 16051 1287 1087 200 2013 16719 669 680 -11 2014 17795 1075 485 590 2015 18120 326 438 -113 2016 19537 1417 587 830 We have provided the difference between the Debt increase and the Deficit for each year under "Other Borrowings" on the Spending Details page. To Recap: Other Borrowings = (Increase in Federal Debt) - (Official Deficit) Edited March 12, 2019 by Highmark Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted March 12, 2019 Platinum Contributing Member Share Posted March 12, 2019 42 minutes ago, Highmark said: Obama's last budget to congress. The Obama administration's proposed budget for 2017 proposed spending $4.2 trillion and raising $3.6 trillion in tax revenue Trumps first budget to congress. The OMB estimated FY2018 would involve outlays of $4.094 trillion and revenues of $3.654 trillion, a $440 billion deficit. And like it is he should not sign it. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted March 12, 2019 Platinum Contributing Member Share Posted March 12, 2019 20 minutes ago, steve from amherst said: And like it is he should not sign it. I agree but a govt shutdown as much as I like them are not necessarily smart politically. Quote Link to comment Share on other sites More sharing options...
Momorider Posted March 12, 2019 Share Posted March 12, 2019 Congress allocated all the money every fucking dime but its Trumps fault Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 12, 2019 Share Posted March 12, 2019 7 minutes ago, Momorider said: Congress allocated all the money every fucking dime but its Trumps fault Why was he promising balanced budgets if he intended to sign massive spending increases. Stupid ass cock eater. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted March 12, 2019 Platinum Contributing Member Share Posted March 12, 2019 Well was it only the one guy who voted for him because they believed he would balance the budget, or was there a second guy too? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted March 12, 2019 Platinum Contributing Member Share Posted March 12, 2019 Where dis all the FSCE fiscal conservatives go? Quote Link to comment Share on other sites More sharing options...
Momorider Posted March 12, 2019 Share Posted March 12, 2019 41 minutes ago, f7ben said: Why was he promising balanced budgets if he intended to sign massive spending increases. Stupid ass cock eater. Expecting Congress to do the right thing was his only mistake you Bipolarhooknose low IQ Homosexual Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted March 12, 2019 Platinum Contributing Member Share Posted March 12, 2019 Just now, Momorider said: Expecting Congress to do the right thing was his only mistake you Bipolarhooknose low IQ Homosexual Veto? Quote Link to comment Share on other sites More sharing options...
Anler Posted March 12, 2019 Share Posted March 12, 2019 4 hours ago, f7ben said: Fuck republicans Seriously, they are fucking lying bags of shit. They are only fiscally responsible when a democrat is president. Then when they have unobstructed power to actually do something they increase spending. We simply cant vote for these lying R and D bags of lying fucking shit anymore. When are we going to learn our lesson for fucks sake? 1 Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 12, 2019 Share Posted March 12, 2019 2 hours ago, Anler said: Seriously, they are fucking lying bags of shit. They are only fiscally responsible when a democrat is president. Then when they have unobstructed power to actually do something they increase spending. We simply cant vote for these lying R and D bags of lying fucking shit anymore. When are we going to learn our lesson for fucks sake? Too many momo dumb Americans Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted March 12, 2019 Platinum Contributing Member Share Posted March 12, 2019 Quote Link to comment Share on other sites More sharing options...
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