XPost: alt.fan.rush-limbaugh, talk.politics.guns
From: governor.swill@gmail.com
On Thu, 27 Jun 2024 07:50:42 -0400, Yak wrote:
>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.
Why do you say that? Holman's candidate wasn't president in those years.
Swill
--- SoupGate-Win32 v1.05
* Origin: you cannot sedate... all the things you hate (1:229/2)
|
