XPost: alt.fan.rush-limbaugh, alt.home.repair, sac.politics   
   XPost: talk.politics.guns   
   From: j_carlson@gmx.com   
      
   On 6/20/2024 6:22 PM, Mitchell Holman wrote:   
   > pothead  wrote in   
   > news:v52ak3$2op7r$8@dont-email.me:   
   >   
   >> On 2024-06-20, Dave Wainwright  wrote:   
   >>> On 6/19/2024 6:53 AM, Yak wrote:   
   >>>> On 6/19/2024 9:23 AM, Mitchell Holman wrote:   
   >>>>> Thank Joe Biden Democrats  wrote in   
   >>>>> news:5af043f071b0068d25570d415a641a89@dizum.com:   
   >>>>>   
   >>>>>> The United States is on a pace to add trillions of dollars to its   
   >>>>>> national debt over the next decade, borrowing money more quickly   
   >>>>>> than previously expected, at a time when big legislative fights   
   >>>>>> loom over taxes and spending.   
   >>>>>>   
   >>>>>> The Congressional Budget Office said on Tuesday that the U.S.   
   >>>>>> national debt is poised to top $56 trillion by 2034, as rising   
   >>>>>> spending and interest expenses outpace tax revenues. The mounting   
   >>>>>> costs of Social Security and Medicare continue to weigh on the   
   >>>>>> nation’s finances, along with rising interest rates, which have   
   >>>>>> made it more costly for the federal government to borrow huge sums   
   >>>>>> of money.   
   >>>>>>   
   >>>>>> As a result, the United States is expected to continue running   
   >>>>>> large budget deficits, which are the gap between what America   
   >>>>>> spends and what it receives through taxes and other revenue. The   
   >>>>>> budget deficit in 2024 is projected to be $1.9 trillion, up from a   
   >>>>>> forecast earlier this year of $1.6 trillion. Over the next 10   
   >>>>>> years, the annual deficit is projected to swell to $2.9 trillion.   
   >>>>>> As a share of the economy, debt held by the public in 2034 will be   
   >>>>>> 122 percent of gross domestic product, up from 99 percent in 2024.   
   >>>>>   
   >>>>>   
   >>>>>        And the cure for that is more tax cuts,   
   >>>>> more borrowing, and less enforcement of tax   
   >>>>> laws. Right.   
   >>>>   
   >>>> Here's a radical thought...now, just hear me out. How about cut   
   >>>> spending?   
   >>>   
   >>> And when spending, only for Americans, not everyone else.   
   >>   
   >> Ding! Ding!   
   >> We have a winner!   
   >>   
   >>   
   >>   
   >   
   >        Will you tell Israel or shall I?   
      
   *Good one*!   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)