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Federal Spending Tops $3 Trillion Through May for First Time; Deficit Hits $738 Billion


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3 minutes ago, racer254 said:

Maybe once the dems finish with all the bullshit investigations, trump can concentrate on this.

The only person who will work on getting spending under control is someone who dosnt give a fuck about getting reelected.

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24 minutes ago, racer254 said:

Maybe once the dems finish with all the bullshit investigations, trump can concentrate on this.

Maybe pretend you are as outraged as you were when Obama was spending less?

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1 minute ago, spin_dry said:

They simply sit back and watch trump and the republicans spin the debt up. They don’t need to lift a finger. 

And to what end?

1 minute ago, Anler said:

They aren't buying any treasury notes like they used to. 

Why not?

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Just now, Zambroski said:

And to what end?

 

Allow me to simplify. It’s like sitting back and watching a neighbor spend money that he doesn’t have. Usually the loud mouth on the block. Everyone knows how it’s going to end except for him. 

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Just now, spin_dry said:

Allow me to simplify. It’s like sitting back and watching a neighbor spend money that he doesn’t have. Usually the loud mouth on the block. Everyone knows how it’s going to end except for him. 

That’s not what I asked and that’s not an answer.

Bye, then.  Dummy.

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Economy 
GOP leader concedes tax cuts may not pay for themselves as 2019 deficit grows 

By Heather Long, Economics correspondent 
June 11 at 4:57 PM 

Rep. Kevin Brady (R-Tex.), a lead architect of the GOP tax bill, suggested Tuesday the tax cuts may not fully pay for themselves, contradicting a promise Republicans made repeatedly while pushing the law in late 2017. 

Pressed about what portion of the tax cuts were fully paid for, Brady said it was “hard to know." 

“We will know in year 8, 9 or 10 what revenues it brought in to the government over time. So it’s way too early to tell,” said Brady at the Peterson Foundation’s annual Fiscal Summit in Washington D.C. 

The federal government’s deficit typically shrinks during strong economic times, but the deficit is up nearly 40 percent so far this fiscal year, according to the latest Congressional Budget Office reportreleased Friday. 

[Trump vowed to eliminate the debt in 8 years. He’s on track to leave it at least 50 percent higher.] 
.... 

Heather Long is an economics correspondent. Before joining The Washington Post, she was a senior economics reporter at CNN and a columnist and deputy editor at the Patriot-News in Harrisburg, Pa. She also worked at an investment firm in London. Follow https://twitter.com/byHeatherLong

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4 minutes ago, Mainecat said:

Economy 
GOP leader concedes tax cuts may not pay for themselves as 2019 deficit grows 

By Heather Long, Economics correspondent 
June 11 at 4:57 PM 

Rep. Kevin Brady (R-Tex.), a lead architect of the GOP tax bill, suggested Tuesday the tax cuts may not fully pay for themselves, contradicting a promise Republicans made repeatedly while pushing the law in late 2017. 

Pressed about what portion of the tax cuts were fully paid for, Brady said it was “hard to know." 

“We will know in year 8, 9 or 10 what revenues it brought in to the government over time. So it’s way too early to tell,” said Brady at the Peterson Foundation’s annual Fiscal Summit in Washington D.C. 

The federal government’s deficit typically shrinks during strong economic times, but the deficit is up nearly 40 percent so far this fiscal year, according to the latest Congressional Budget Office reportreleased Friday. 

[Trump vowed to eliminate the debt in 8 years. He’s on track to leave it at least 50 percent higher.] 
.... 

Heather Long is an economics correspondent. Before joining The Washington Post, she was a senior economics reporter at CNN and a columnist and deputy editor at the Patriot-News in Harrisburg, Pa. She also worked at an investment firm in London. Follow https://twitter.com/byHeatherLong

“...may not fully pay for themselves.”

:lol:

....or they may?  Or partially? Or not at all?

RIPPED FROM THE HEADLINES!!!!!!!

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