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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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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.
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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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.
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.

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Quote:
Originally Posted by Fresh
The truth is, you WANT Bill to have raped her, so you believe it.
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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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.

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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%.
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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
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Quote:
Originally Posted by Fresh
The truth is, you WANT Bill to have raped her, so you believe it.
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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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. 
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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I'm more getting a sense that willie wynn is dewey is a F'n loser. 
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.
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.
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.
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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I'm more getting a sense that willie wynn is dewey is a F'n loser. 
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
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

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A gullible nation is a vulnerable nation.  Challenge what you read on the internet.  Our nation's security is in our hands.  Don't be duped by misinformation.

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EarlyGrayce

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Reply with quote  #20 
Dewey why are you hiding and pretending you are willie wynn?   
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"Dewy cites anomalies because he is an anomaly, he's an outlier in a sea of testosterone." 
Fresh

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Reply with quote  #21 
Why did republicans vote down the Rand Paul amendment?
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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"I like to establish the parameters of my own thoughts and don't think I need a director."

"This is not debate class. And this is not about politeness. We're talking about the damn future of our country"

"It is not just simply yelling out a name and yelling down dissenters........................... and I'll defend your right to even insult me" 
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.

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Quote:
Originally Posted by Fresh
The truth is, you WANT Bill to have raped her, so you believe it.
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.

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A gullible nation is a vulnerable nation.  Challenge what you read on the internet.  Our nation's security is in our hands.  Don't be duped by misinformation.

The Right in here are quoting posts and changing words.  Please search for original post if accurate information is desired.




EarlyGrayce

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

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"Dewy cites anomalies because he is an anomaly, he's an outlier in a sea of testosterone." 
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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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.
Will_I_Wynn

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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?

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A gullible nation is a vulnerable nation.  Challenge what you read on the internet.  Our nation's security is in our hands.  Don't be duped by misinformation.

The Right in here are quoting posts and changing words.  Please search for original post if accurate information is desired.




EarlyGrayce

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

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"Dewy cites anomalies because he is an anomaly, he's an outlier in a sea of testosterone." 
spazsdad

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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.

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