XPost: alt.fan.rush-limbaugh, alt.home.repair, sac.politics   
   XPost: talk.politics.guns   
   From: invalide@invalid.invalid   
      
   Scout wrote:   
   >   
   >   
   > "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.   
      
   Ding Ding Ding! Why haven't republicans   
   actually tried that? #FelonDon didn't...   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)