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  1. #21
    Senior Member Judy's Avatar
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    Quote Originally Posted by stoptheinvaders View Post
    Simple answer, I believe most 3rd graders could understand.....
    They spent more than they took in
    No, the United States Congress spent more than it took in. What I'm asking you which I have to assume at this point, you don't know, is what did Republicans in Congress do to cause that? To my knowledge, Republicans passed tax cuts and STILL took in more revenue than before the tax cuts. So if Republicans through the Republicans-only tax cuts took in more than DemoQuacks had in previous administrations before the tax cuts, what did Republicans do to cause Congress to spend more than it took in?

    If you don't know, it's okay. Don't worry about it.
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  2. #22
    Senior Member stoptheinvaders's Avatar
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    Quote Originally Posted by Judy View Post
    No, the United States Congress spent more than it took in. What I'm asking you which I have to assume at this point, you don't know, is what did Republicans in Congress do to cause that? To my knowledge, Republicans passed tax cuts and STILL took in more revenue than before the tax cuts. So if Republicans through the Republicans-only tax cuts took in more than DemoQuacks had in previous administrations before the tax cuts, what did Republicans do to cause Congress to spend more than it took in?

    If you don't know, it's okay. Don't worry about it.
    Yes, the Congress spent more than it took in, and the R's had the majority in the Senate and the House.


    The Republicans caused it because they voted to spend, spend, spend---spend more than they took in.
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  3. #23
    Senior Member Judy's Avatar
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    Oh I see, so you think because Republicans had the majority that they voted to spend, spend, spend. Well, actually that is wrong, but I'm not going to waste my time explaining Congressional appropriation processes and voting math to you. Instead I prefer you just enjoy your election victory and all it brings to you and yours. We have elections for a reason.
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  4. #24
    MW
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    Trump goes silent on national debt while racking up $1 trillion in 14 months



    President Trump at this time last year was crowing over the debt, which stood at $19.947 trillion and quickly dipped after his inauguration. He took to Twitter to demand credit. (Associated Press) more >


    By Stephen Dinan - The Washington Times - Thursday, March 15, 2018

    President Trump has now amassed his first $1 trillion in debt, crossing that ignominious mark late last week — and analysts said it’s just a taste of what’s to come after the tax-cuts and spending spree of recent months.

    Indeed, his next $1 trillion could come within a year, and one analyst said he could soon be staring at $3 trillion annual deficits if things go particularly badly in interest rates.

    It’s a major reversal for a president who during the campaign had said given eight years he could eliminate the debt entirely, but is instead looking at setting records for red ink.

    “We are in for a rude awakening,” said Maya MacGuineas, president of the Committee for a Responsible Federal Budget.

    Her organization calculated that with December’s tax cuts and January’s budget-busting spending deal, Mr. Trump has already signed legislation that will add at least $2.4 trillion to the debt in the next decade and, should Congress make those policies permanent, could add as much as $6 trillion.

    At that rate, the government will be paying $1 trillion a year in interest payments alone.

    Mr. Trump at this time last year was crowing over the debt, which stood at $19.947 trillion and quickly dipped after his inauguration. He took to Twitter to demand credit.

    “The media has not reported that the National Debt in my first month went down by $12 billion vs a $200 billion increase in Obama first mo.,” he wrote.

    But the tally hit $20.957 late last week and stood at $20.958 trillion as of Wednesday — the latest numbers available from the Treasury Department.

    He’s not the fastest to add his first $1 trillion. That would be President Obama, who did it in little more than six months, after inheriting a recession and the Wall Street bailout from his predecessor.

    But Mr. Trump’s nearly 14-month span is worse than Presidents Clinton, George W. Bush, and all who came before them.

    After touting his early successes Mr. Trump has gone silent this year.

    He’s mentioned the debt just once, in passing and in relation to the country’s trade deficits, in his public appearances.

    The White House budget office also didn’t respond to requests for comment Thursday about the increase or the worrying trajectory.

    Analysts said presidents inherit the economy and policies of their predecessors — in Mr. Obama’s case, a recession and the ongoing Wall Street bailout — so the early debt figures don’t necessarily reflect the new administration.

    But they also said Mr. Trump’s comments last year leave him open to the examination.

    “The fact that we have now hit $1 trillion in additions to the total debt isn’t something he should be entirely accountable for, but it is a standard he put out there,” Ms. MacGuineas said.

    What the president will have to answer for, she and other analysts said, is December’s tax cuts and January’s budget deal, which will combine for a hole trillions of dollars deeper than it would have been otherwise.

    Brian Riedl, a senior fellow at the Manhattan Institute for Policy Research, said the tax and spending bills will add about $3 trillion to the debt, in addition to $10 trillion already baked in from previous government spending patterns.

    “I project the budget deficit will top $1 trillion by next year, and reach $2 trillion within a decade – or even approach a staggering $3 trillion if interest rates rise back to 1990s levels,” he said.

    There’s little sense that anything will change.

    Mr. Trump’s budget director has said the president won’t consider changes to Social Security or Medicare. And when House Speaker Paul D. Ryan suggested in December that the GOP would use the fast-track budget process to attempt those changes, his idea was quickly batted down by Senate Majority Leader Mitch McConnell.

    Yet the consequences of inaction could be serious.

    In an open Senate hearing last month about the security challenges facing the U.S., Director of National Intelligence Dan Coats called exploding red ink a “dire threat” to the country. That put it on par with problems such as international terrorism and cyber warfare.

    The Congressional Budget Office regularly issues warning to Congress that debt will eventually begin to crowd out private investment and there could come a point at which others become reluctant to purchase U.S. government debt.

    But new Federal Reserve Chairman Jerome Powell told Congress last month that’s “not this time, by a long shot.”

    “There could come a time where the public, the global debt buying public would come to the view that we either weren’t prepared to honor our debts or we couldn’t service them. But we’re a long way from that,” he said.


    https://www.washingtontimes.com/news/2018/mar/15/donald-trump-adds-1-trillion-national-debt-14-mont/
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  5. #25
    MW
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    National debt jumps $1.2 trillion in fiscal year 2018

    by Pete Kasperowicz
    October 01, 2018 04:22 PM





    The national debt rose more than $1.2 trillion in the fiscal year that just concluded on Sept. 30, according to a government website that tracks the debt.

    The total national debt was $20.245 trillion on the last business day of fiscal year 2017.

    On the last business day of fiscal year 2018, which was Friday, Sept. 28, the total debt had grown to $21.516 trillion. Friday was the first day in history the national debt rose above $21.5 trillion.

    The increase is just the latest sign that borrowing is on the rise.

    Last month, the Congressional Budget Office said federal borrowing through the first 11 months of fiscal year 2018 hit $895 billion, $222 billion higher than the first 11 months of the prior year.

    The budget deficit alone is set to soar above $1 trillion by 2020, as they did during President Obama's first term. But the federal borrowing also takes place outside its formal budget, including for various loan programs, and the pace of growth in the debt has already exceeded $1 trillion per year at times.

    In addition to the $1.2 trillion increase in the national debt in the last fiscal year, it took a little more than six months for the debt to rise from $20 trillion to $21 trillion.

    Conservatives in Congress have complained that spending remains unchecked, which will lead to only higher deficits in the years to come. But they could only watch in February when GOP leaders and President Trump reached a two-year spending deal that is set to boost federal spending by a total of $300 billion in fiscal years 2018 and 2019.

    Under current law, the government is allowed to borrow as much as it wants through March 1, 2019. After that, the debt ceiling will take effect again, and prevent the government from borrowing anything above the level of debt on that date.

    Congress in recent years has avoided this limit by suspending the debt ceiling again.

    https://www.washingtonexaminer.com/n...scal-year-2018



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  6. #26
    Senior Member stoptheinvaders's Avatar
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    Quote Originally Posted by MW View Post
    National debt jumps $1.2 trillion in fiscal year 2018
    The national debt rose more than $1.2 trillion in the fiscal year that just concluded on Sept. 30, according to a government website that tracks the debt.

    The total national debt was $20.245 trillion on the last business day of fiscal year 2017.

    On the last business day of fiscal year 2018, which was Friday, Sept. 28, the total debt had grown to $21.516 trillion. Friday was the first day in history the national debt rose above $21.5 trillion.


    Now, 21.8 trillion
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  7. #27
    Senior Member Judy's Avatar
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    But they could only watch in February when GOP leaders and President Trump reached a two-year spending deal that is set to boost federal spending by a total of $300 billion in fiscal years 2018 and 2019.
    That was the military spending deal that increased military spending to $700 billion for 20 18 and $716 billion in 2019 to upgrade and modernize our military equipment and give our soldiers and military personnel the first raise they've had in 10 years. The President had spending cuts in his budget to pay for it, but the DemoQuacks blocked the spending cuts. The DemoQuacks also demanded a $1 for $1 match so if Trump wanted $150 billion a year in new military spending, DemoQuacks refused to approve it without a matching $150 billion for their pet domestic projects. There's been no reporting on what the DemoQuacks are spending the $150 billion on, which together is the $300 billion a year increase in spending with no spending cuts like Trump wanted and that were in his Budget he presented to Congress to offset the increased military spending because DemoQuacks refused to allow them. Several years ago Congress passed this law about matching funds for military spending.

    The plan as I understand it is after the 2 years of high military spending for upgrades is up, then the DOD budget will go back to its normal levels possibly even be reduced a little through more efficiencies. Trump has asked Mattis for his 5% cut plan for 2020 like all departments have been asked to do.

    But I'm sure now with DemoQuacks in charge of the US House of Representatives where all appropriation bills originate, they'll do a fine job solving deficit spending and reducing our national debt. DemoQuacks have always been known to be good fiscal managers, right?! I'm sure that's one of the reasons they won the mid-terms so bigly.

    Happy Days for DemoQuacks Are Here Again! The American People have spoken. No more Republicans at the helm of the federal budget, because deficits matter!!
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  8. #28
    MW
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    How many immigration or border security bills passed the U.S. House of Representatives during the Trump administration with Republicans holding the majority?

    Yep, that's what I thought.
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  9. #29
    Senior Member Judy's Avatar
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    The US House of Representatives under the Trump Administration passed Kate's Law and the No Sanctuary for Criminals bills. There may be others, I just remember these two bills off the top of my head.

    On June 23, 2017, Representative Bob Goodlatte reintroduced two bills, Kate's Law (H.R. 3004) and No Sanctuary for Criminals, an anti-sanctuary city policy (H.R. 3003), into the House which passed on June 29 and proceeded to the Senate.[85][86]
    https://en.wikipedia.org/wiki/Shooti...e#Kate%27s_Law

    Both bills are in the Senate. You need 60 votes to pass them, and we only have 51. And while McCain was alive but in Arizona, we only had 50. No DemoQuacks will vote with us, not even on these 2 bills. Ryan who isn't an immigration hawk isn't going to waste House floor time on bills that have no chance of passing in the Senate because Republicans don't have the votes in the Senate to pass a bill.

    Republicans tried but they don't have the votes to do anything in Congress.

    Nancy Pelosi is rearing to go, she's got the votes, she's promised a HUUUGE immigration bill out soon after the first of the year. She's a woman of action and she'll get it passed and Schumer and Dems will start passing it through the Senate. We probably won't like it, so Republicans will probably block it, but maybe not.
    Last edited by Judy; 12-02-2018 at 03:52 AM.
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  10. #30
    MW
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    Quote Originally Posted by Judy View Post
    The US House of Representatives under the Trump Administration passed Kate's Law and the No Sanctuary for Criminals bills. There may be others, I just remember these two bills off the top of my head.



    https://en.wikipedia.org/wiki/Shooti...e#Kate%27s_Law

    Both bills are in the Senate. You need 60 votes to pass them, and we only have 51. And while McCain was alive but in Arizona, we only had 50. No DemoQuacks will vote with us, not even on these 2 bills. Ryan who isn't an immigration hawk isn't going to waste House floor time on bills that have no chance of passing in the Senate because Republicans don't have the votes in the Senate to pass a bill.

    Republicans tried but they don't have the votes to do anything in Congress.

    Nancy Pelosi is rearing to go, she's got the votes, she's promised a HUUUGE immigration bill out soon after the first of the year. She's a woman of action and she'll get it passed and Schumer and Dems will start passing it through the Senate. We probably won't like it, so Republicans will probably block it, but maybe not.
    Yep, and the Democrats don't have the votes either unless Republicans help them! That's something you seem to have lost track of. If a bill doesn't appear on Trump's desk for signature, it may as well not have existed.
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