XPost: alt.fan.rush-limbaugh, alt.home.repair, sac.politics   
   XPost: talk.politics.guns   
   From: yak@inbox.com   
      
   On 6/20/2024 2:07 PM, 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.   
      
   Not only yes, but hell yes.   
      
   >>>   
   >>>   
   >>> President Trump has Signed $4.7 Trillion   
   >>> of Debt into Law   
   >>> JAN 8, 2020   
   >>>   
   >>> Our US Budget Watch 2020 project analyzes,   
   >>> estimates, and explains the fiscal   
   >>> implications of proposals introduced   
   >>> during the presidential campaigns. These   
   >>> proposals offer important insights on each   
   >>> candidate’s fiscal priorities. So too do   
   >>> their past records, especially the record   
   >>> of the candidate who has already served   
   >>> as President for three years – President   
   >>> Donald Trump.   
   >>>   
   >>> During the 2016 campaign, we estimated   
   >>> then-candidate Trump’s campaign plans   
   >>> would add $5.3 trillion to the debt from   
   >>> 2017 to 2026 (assuming policies were   
   >>> enacted immediately). In this analysis,   
   >>> we show that President Trump has already   
   >>> signed into law $4.2 trillion of debt   
   >>> over a comparable budget window and $4.7   
   >>> trillion from 2017 through 2029.   
   >>> https://tinyurl.com/3faxd428   
   >>>   
   >>>   
   >>>   
   >>>   
   >>> "I’m the king of debt. I’m great with debt.   
   >>> Nobody knows debt better than me. I’ve made   
   >>> a fortune by using debt, and if things don’t   
   >>> work out I renegotiate the debt. I mean,   
   >>> that’s a smart thing, not a stupid thing."   
   >>> Donald Trump, June 2016   
   >>> https://tinyurl.com/2bsnx66t   
   >   
   >   
   >   
      
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