XPost: alt.fan.rush-limbaugh, alt.home.repair, sac.politics   
   XPost: talk.politics.guns   
   From: yak@inbox.com   
      
   On 6/26/2024 9:50 PM, Mitchell Holman wrote:   
   > "Scout"  wrote in   
   > news:v5hp6i$29muh$5@dont-email.me:   
   >   
   >>   
   >>   
   >> "Yak"  wrote in message   
   >> news:v4unt8$20goi$1@dont-email.me...   
   >>> 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?   
   >>   
   >> Ding! Ding! Ding!   
   >>   
   >> We have a winner.   
   >>   
   >> Spending less than revenue is the means by which debt is eliminated.   
   >>   
   >   
   >      Who can we trust to do that?   
   >   
   >   
   >   
   >   
   > Year     Fed spending in billions   
   >   
   > 2017..........3,981.6	   
   > 2018..........4,109.0	   
   > 2019..........4,447.0	   
   > 2020..........6,550.4   
   >   
   > https://tinyurl.com/bdff9uv7   
      
   Looks like we can't trust any of them. Thanks for shooting yourself in   
   the foot.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)