Credit-Card Republicans Dig A $900 Billion Hole

[turbinetree]

Last edited Thu Sep 13, 2018, 01:58 PM - Edit history (1)

Trump’s Deficit Chickens Now Coming Home To Roost
By Stan Collender, The Budget Guy

The first of two official government reports that will be released this month showing that the federal budget deficit is soaring was issued on Monday when the Congressional Budget Office published it’s Monthly Budget Review for August.

According to CBO, the deficit through the first 11 months of fiscal 2018 was $895 billion, a $222 billion (32.8%) increase over the same period in 2017.

Some of the increase was the result of timing shifts, that is, spending that was made at the end of August because the first two days of September were on weekend. The deficit for the 11-month period would have been only $154 billion larger than 2017 had it not been for that.

The federal government typically runs a budget surplus in September so the final deficit for 2018 may be somewhat lower than the results through August. CBO said that the total deficit for the year will be close to the $793 billion estimate it made in its analysis of the Trump 2019 budget that it updated last month. That would make the year-over-year increase only 19.3%.

https://www.dcreport.org/2018/09/12/credit-card-republicans-dig-a-900-billion-hole/


Just a reminder, that since the wealthy 1% to 8% don't much pay much of anything in taxes and got "pass through taxes", and corporations now don't pay from 0% to 10% if the country is lucky..................and the best hedge fund managers and banks just attacking the entire world, for more greed...................your /our Social Security and Medicare , Education, and etc...................will be used to supplement this short fall in outright, whats a good word..................(mine) is irresponsibility ?

And the two Santa Claus theory will be applied.......................

[Wellstone ruled]

1. Yupper,we are a winning are we not.

By the end of October that number should blow the Trillion Dollar make out of the water. Notice Ryan and Company just kicked the Budget deal down the road till December.

Going to get mother Friggin Ugly by years end. Not liking the present trend,bust ville looks more and more about to happen by New Years.

[turbinetree]

2. Since "ayn rand" will be voted out and replaced by Randy Byrce ( I hope) and "ayn rand" moves over

to some lobbying firm, that doesn't pay there taxes and he will find ways to not pay his......................he will be able to go to his new digs, call his mother up and say: Mom, what do you think of your son now, I just screwed 61 million people on Social Security and Medicare, and it was good thing that I got dads social security when I did ---------------huh, because I just love you so much, it was all about you and me huh mom..........you taught me well, think of only myself and never say thank you, but thanks mom for the "ayn rand" book, dad would be so proud of me............................because I got mine and to hell with everyone else........

[Wellstone ruled]

3. As someone who Grew up in Wisconny and

struggled my way through the State Educational System,both Secondary as well as Post Secondary. I personally find the likes of Paul Ryan and his Ilk,extremely offensive to that Educational system.

How times have changed,from the most Progressive Educational System to one of the most Regressive System of Public Governance.

So many Public enhancement Programs came out of Wisconsin in the late forties and up and through the Sixties,now to be dismantled or out right killed off,only to please the Corporate Moneyed Class .

The Heritage Foundation has brain washed so many citizens against their own interests and now the damage is in full view of the world.

[turbinetree]

4. I loved going to school in the 50's and 60's and part of the 70's

because they funded to educate, and everyone had to pay.................and I agree the "ayn rands" and the Heritage Foundation really is something else. Just the name of both makes my stomach turn....................

[awesomerwb1]

5. "Credit card republicans"

I like it. I'll use it in my social media along with republican culture of corruption.