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Will_I_Wynn

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Reply with quote  #1 
The June 2017 report from the CBO shows the ten year projected numbers prior to any tax bill being passed.  It will be interesting to see how the numbers change if a tax reform bill is ultimately signed into law.  The ten year added debt as of June 2017 is a little over ten trillion.

The 2017 numbers are now final at $3.32 trillion revenue and $3.98 trillion spending.  Deficit equaled $666 Billion in 2017.

https://www.cbo.gov/system/files/115th-congress-2017-2018/reports/52801-june2017outlook.pdf

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#CheckThePresidency 

The best thing President Trump has done to date is anger Sen McCain into voting thumbs down on the repeal of Obamacare. 


 Trump should be honest with the American people.


spazsdad

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Reply with quote  #2 
Sounds like a mere fraction of the debt Obama racked up. You know, more than all other Presidents COMBINED.
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Fresh

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Reply with quote  #3 
You're comparing it to Obama? I thought he was a failure. trump said a balanced budget would be easy. Evidently not for at least 10 years it won't. Why keep falling for the carnival barker. He is pure evil.
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The hard right is certainly passionate and emotional about their causes. But in the end, devoid of factual evidence, they are, as President Obama so wisely and succinctly put it, just saying stuff. 
Will_I_Wynn

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Reply with quote  #4 
Quote:
Originally Posted by Will_I_Wynn
https://treasurydirect.gov/NP/debt/current

President Bush's first budget he signed began 11/1/01 when our debt was $5.8 Trillion.  President Obama's first budget began 11/1/09 when our debt was $11.9 Trillion.  To be fair, Obama's stimulus earlier in 2009 added about 700 billion to debt so Bush's final debt should read $11.2 Trillion.  That's a 93% increase in debt which is barely under double.



Bush added $5.4 Trillion growing our debt by 93%.  Obama added $11.2 Trillion which is 82% increase.  Trump could add another $10 Trillion.  If Obama had not inherited a recession, with little Federal revenue, the increased debt wouldn't have been as bad.  If we follow Conservative thought, they controlled the Congress the last six years so they must be responsible for 75% of this added debt.  Why did they allow it to grow so high?  Don't answer, I know the revenue wasn't there and tax increases were not allowed by the GOP.

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#CheckThePresidency 

The best thing President Trump has done to date is anger Sen McCain into voting thumbs down on the repeal of Obamacare. 


 Trump should be honest with the American people.


Fresh

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Reply with quote  #5 
Obama inherited the worst financial crisis since the depression. There is absolutely no, intellectually honest, way to compare the two. trump inherited 6 years of continued growth. Be honest.
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The hard right is certainly passionate and emotional about their causes. But in the end, devoid of factual evidence, they are, as President Obama so wisely and succinctly put it, just saying stuff. 
TheNarrator

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Reply with quote  #6 
Trump inherited a record low work force participation rate and the worst 8 years of GDP growth in history.

Bush had 9/11 and international terrorism to stamp out. Obama bailed out failing businesses and saw the rise of the JV.

No comparison.
spazsdad

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Reply with quote  #7 
If you are bragging about 1% GDP growth for Obama then have at it. Wave those Pom Poms honey
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RIP Mark Campbell
Truly one of the best there was
Victory USA. OC BatBusters. Pacifica HS
Will_I_Wynn

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Reply with quote  #8 
Feds spent $3.98 Trillion in 2017 and the CBO is showing another $96 billion in increased spending for 2018 (Trump budget submitted in May matches with his $4.09 Trillion in spending).  My guess is Trump won't get the big spending cuts in State and other agencies which will drive his spending even higher.

What I find interesting is how a GOP controlled Government budget shows higher spending than the prior year.  Shows how all the rhetoric about cutting spending in the past was just that.  A near impossibility when inflation and population growth are considered.

__________________
#CheckThePresidency 

The best thing President Trump has done to date is anger Sen McCain into voting thumbs down on the repeal of Obamacare. 


 Trump should be honest with the American people.


Will_I_Wynn

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Reply with quote  #9 
GDP growth in 2014, 2015, and 2016 was 2.6%, 2.9% and 1.5% respectively.  Last I heard 2017 is expected to be about 2.6%.
__________________
#CheckThePresidency 

The best thing President Trump has done to date is anger Sen McCain into voting thumbs down on the repeal of Obamacare. 


 Trump should be honest with the American people.


TheNarrator

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Reply with quote  #10 
2.6 isn’t good but would be a huge increase from 1.5 and the record stagnation caused by the obama administration
spazsdad

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Reply with quote  #11 
Quote:
Originally Posted by Will_I_Wynn
GDP growth in 2014, 2015, and 2016 was 2.6%, 2.9% and 1.5% respectively.  Last I heard 2017 is expected to be about 2.6%.

Hmmmmm Obama years. Just checking.
As pointed out to your closed mind, every President had 3% growth EXCEPT OBAMA. Your crush, your love, your shining 🌟.
Own it.
How can anyone be content in their heart knowing they lie all the time to prove their point

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RIP Mark Campbell
Truly one of the best there was
Victory USA. OC BatBusters. Pacifica HS
Fresh

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Reply with quote  #12 
Soooooooo..............Record stock market. 
Record growth.
Record profits.
Record this.
Record that.

Best estimate...........1 trillion in additional debt over the next 10 years. 

Anybody have a problem with that?

Don't worry, the fat cats are going to be just fine though. 

__________________
The hard right is certainly passionate and emotional about their causes. But in the end, devoid of factual evidence, they are, as President Obama so wisely and succinctly put it, just saying stuff. 
uwApoligist

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Reply with quote  #13 
It would take 0% growth to hit those levels of debt.  2.9% growth and we get zero debt.

Even before tax cuts we are growing at 3.3%, which would have been 4.0% without the hurricanes.

You would naturally expect gdb growth to increase after tax cuts. 

Why you no want people to have their own money?

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"Tonight, we renew our resolve that America will never be a socialist country.   We are born free and we will stay free. "

Fresh

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Reply with quote  #14 
I don't want the debt to increase. I want the liar in chief to do what he says. Neither are remotely possible.
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The hard right is certainly passionate and emotional about their causes. But in the end, devoid of factual evidence, they are, as President Obama so wisely and succinctly put it, just saying stuff. 
pabar61

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Reply with quote  #15 
Quote:
Originally Posted by Fresh
I don't want the debt to increase. I want the liar in chief to do what he says. Neither are remotely possible.


But you didn't care about this when your love Obama was in office.

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Will I Wynn is a poster who used to go by the name of Dewey.  He used to criticize people who did that.

"Once you open your eyes, it's impossible to be a Democrat." - CJ Pearson
Fresh

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Reply with quote  #16 
Quote:
Originally Posted by pabar61


But you didn't care about this when your love Obama was in office.


If true(it isn't), how does it apply to our current situation? Address what I said.

__________________
The hard right is certainly passionate and emotional about their causes. But in the end, devoid of factual evidence, they are, as President Obama so wisely and succinctly put it, just saying stuff. 
uwApoligist

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Reply with quote  #17 
Quote:
Originally Posted by Fresh
I don't want the debt to increase. I want the liar in chief to do what he says. Neither are remotely possible.

hahhahhaa.   More debt than all other presidents combined.  but but but muh debt.

Debt will likely go down based on growth. 

You really cared about debt you would back spending cuts, cost cutting measures in healthcare, cost cutting measures in entitlements. 

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"Tonight, we renew our resolve that America will never be a socialist country.   We are born free and we will stay free. "

Fresh

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Reply with quote  #18 
Your opinion. Best accounting shows the debt increasing 1 trillion over 10 years. Wishful thin king shows the debt staying the same. CBO is n ot the assessment I'm referring to. Here's a few charts to simplify the debt situation.

https://www.google.com/search?rlz=1C1CHBF_enUS722US722&tbm=isch&sa=1&ei=US8kWtSAKuPGjwSO8YWADg&q=tax+plan+debt+increase&oq=tax+plan+debt+increase&gs_l=psy-ab.3...171113.179705.0.180521.22.19.0.2.2.0.485.2351.1j4j3j0j2.10.0....0...1c.1.64.psy-ab..10.8.1450...0j0i67k1j0i5i30k1j0i24k1.0.PLMbTJsc_3w

__________________
The hard right is certainly passionate and emotional about their causes. But in the end, devoid of factual evidence, they are, as President Obama so wisely and succinctly put it, just saying stuff. 
Will_I_Wynn

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Reply with quote  #19 
Sen Paul introduced an amendment cutting spending.  The Republicans voted it down.

http://www.washingtonexaminer.com/senate-votes-down-rand-pauls-budget-amendments-to-cut-spending-repeal-obamacare/article/2638118

__________________
#CheckThePresidency 

The best thing President Trump has done to date is anger Sen McCain into voting thumbs down on the repeal of Obamacare. 


 Trump should be honest with the American people.


EarlyGrayce

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Reply with quote  #20 
Dewey why are you hiding and pretending you are willie wynn?   
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RIP Mark Campbell
Truly one of the best there was
Victory USA. OC BatBusters. Pacifica HS 
Fresh

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Reply with quote  #21 
Why did republicans vote down the Rand Paul amendment?
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The hard right is certainly passionate and emotional about their causes. But in the end, devoid of factual evidence, they are, as President Obama so wisely and succinctly put it, just saying stuff. 
keepinitreal

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Reply with quote  #22 
Quote:
Originally Posted by Fresh
Why did republicans vote down the Rand Paul amendment?


Don't look on the internet, come to the circle for all your answers.  What a tool

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Shut up doofus. Not talking to you. 
 
TheNarrator

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Reply with quote  #23 
Quote:
Originally Posted by Fresh
Why did republicans vote down the Rand Paul amendment?


Because the Republicans in Washington are just as bad as Democrats when it comes to spending. Need to vote them all out.
Will_I_Wynn

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Reply with quote  #24 
Quote:
Originally Posted by Conservative
Republicans also support welfare for needy children. 


Individuals have to make a choice.  You can write a donation check to Children's Hospital or you can choose not to.  We can spend tax money on the needy or we can choose not to.  It's not good or bad, it's a choice.

I'll agree with one thing.  Americans, for the most part, clearly hate their politicians.  Madonna would have won in 2016 if she had run.  Trump mowed down every politician he came up against except the last one.  Then he was saved by the electoral college.  The Democrats may have to run a celebrity in 2020.

__________________
#CheckThePresidency 

The best thing President Trump has done to date is anger Sen McCain into voting thumbs down on the repeal of Obamacare. 


 Trump should be honest with the American people.


EarlyGrayce

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Posts: 7,468
Reply with quote  #25 
Quote:
Originally Posted by EarlyGrayce
Dewey why are you hiding and pretending you are willie wynn?   

__________________
RIP Mark Campbell
Truly one of the best there was
Victory USA. OC BatBusters. Pacifica HS 
spazsdad

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Reply with quote  #26 
Quote:
Originally Posted by Will_I_Wynn
Then he was saved by the electoral college.

Oh snap. There is that old pesky Constitution again. If only.......

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RIP Mark Campbell
Truly one of the best there was
Victory USA. OC BatBusters. Pacifica HS
Fresh

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Reply with quote  #27 
Quote:
Originally Posted by spazsdad
Oh snap. There is that old pesky Constitution again. If only.......


Stealing my lines again. So little content, so much response. Go figger.

__________________
The hard right is certainly passionate and emotional about their causes. But in the end, devoid of factual evidence, they are, as President Obama so wisely and succinctly put it, just saying stuff. 
Will_I_Wynn

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Posts: 6,558
Reply with quote  #28 
Spending for 2017 ended at $3.98 Trillion.  Looks like 2018 will be at $4.094 Trillion.  I expect 2019 and 2020 will each increase spending by a percentage as well.  If I'm correct, what will Republicans say in 2020 when spending goes up each year under the Trump Administration?  Will there be outrage or will there be a better understanding regarding spending?

Some say spending will be cut when we fix entitlements.  Are we to assume this means Republicans want to reduce the SS the retired are receiving today?  Or their Medicare benefits?  How could we reduce spending on entitlements without cutting these entitlements? 

I will agree we can fix entitlements with an increase in payroll taxes and changing the retirement age for future citizens.  However, this only addresses the revenue side of the ledger, not a reduction in spending, at least as today is concerned.  So the question remains, what if spending doesn't go down during the next four years?  What will the response be from the Right?

__________________
#CheckThePresidency 

The best thing President Trump has done to date is anger Sen McCain into voting thumbs down on the repeal of Obamacare. 


 Trump should be honest with the American people.


EarlyGrayce

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Posts: 7,468
Reply with quote  #29 
Quote:
Originally Posted by EarlyGrayce
Dewey why are you hiding and pretending you are willie wynn?   

__________________
RIP Mark Campbell
Truly one of the best there was
Victory USA. OC BatBusters. Pacifica HS 
spazsdad

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Posts: 9,184
Reply with quote  #30 
Quote:
Originally Posted by Fresh


Stealing my lines again. So little content, so much response. Go figger.

Don't know what you are referring to but your post fits your ramblings to a T.

__________________
RIP Mark Campbell
Truly one of the best there was
Victory USA. OC BatBusters. Pacifica HS
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