XPost: alt.fan.rush-limbaugh, talk.politics.guns
From: governor.swill@gmail.com
On Fri, 28 Jun 2024 07:08:15 -0400, Yak wrote:
>On 6/27/2024 9:36 PM, Mitchell Holman wrote:
>> Yak wrote in news:v5kalt$2r645$3@dont-email.me:
>>
>>> On 6/27/2024 1:50 PM, Governor Swill wrote:
>>>> 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.
>>>
>>> Pick any year since 1957 - the debt has gone up. So, doesn't really
>>> matter who your candidate is. Cherry-picking the Trump years isn't the
>>> flex that you think it is.
>>>
>>>> Swill
>>>
>>>
>>
>> Trump said he would eliminate the
>> entire national debt.
>>
>> So why didn't he?
>
>Because he and congress, like every president and congress since 1957
>spent more than revenues received. See, this isn't hard.
But he PROMISED!
Swill
NP: Matchbox Twenty - Hand Me Down
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