XPost: alt.fan.rush-limbaugh, alt.home.repair, sac.politics   
   XPost: talk.politics.guns   
   From: j_carlson@gmx.com   
      
   On 6/27/2024 8:47 PM, Gronk wrote:   
   > 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...   
      
   Correct...specifically, when Republiscums/QAnon controlled both the presidency   
   and Congress? They just don't have an answer.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)