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Thread: Trump's $4.4 trillion budget moves deficit sharply higher

  1. #1

    Default Trump's $4.4 trillion budget moves deficit sharply higher

    President Donald Trump unveiled a $4.4 trillion budget for next year that heralds an era of $1 trillion-plus federal deficits and — unlike the plan he released last year — never comes close to promising a balanced ledger even after 10 years.
    The budget submitted Monday shows the growing deficits despite major cuts for domestic programs, largely because of last year's tax overhaul, which is projected to cause federal tax revenue to drop. This budget does not yet reflect last week's two-year bipartisan $300 billion pact that wholly rejects Trump's plans to slash domestic agencies.

    http://www.chicagotribune.com/news/n...212-story.html
    Throwback Signature: Before They Were Trumpkins Edition

    Quote Originally Posted by dannno View Post
    Sorry that your candidate is a fascist and you can't even see it.
    Quote Originally Posted by dannno View Post
    I heard he called for 30k troops in Syria in the debate this evening. /Deal breaker.



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  3. #2

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    Who cares at this point?

    Nobody.

    $#@! it, run up three trillion, four trillion, five trillion more every year.

    Hookers and blow for everybody.

    Just make sure you got a bailout plan when this whole rotten $#@!ing house of cards comes crashing down.

  4. #3

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    Quote Originally Posted by Anti Federalist View Post
    Who cares at this point?

    Nobody.
    At least a few people... Have you seen the sudden, desperate posting of threads announcing proposed cuts and the money that might be saved as a result? Threads which mysteriously do not mention total spending?

    Swordsmyth alone posted three separate threads on it within 30 minutes.
    Throwback Signature: Before They Were Trumpkins Edition

    Quote Originally Posted by dannno View Post
    Sorry that your candidate is a fascist and you can't even see it.
    Quote Originally Posted by dannno View Post
    I heard he called for 30k troops in Syria in the debate this evening. /Deal breaker.

  5. #4

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    Quote Originally Posted by TheCount View Post
    At least a few people... Have you seen the sudden, desperate posting of threads announcing proposed cuts and the money that might be saved as a result? Threads which mysteriously do not mention total spending?

    Swordsmyth alone posted three separate threads on it within 30 minutes.
    All posted without comment to provide facts for people to make up their own minds.

    I don't support Dump's budget and I have always called for massive spending cuts.
    Last edited by Swordsmyth; 02-12-2018 at 06:28 PM.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  6. #5

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    Shocking stuff.
    “The nationalist not only does not disapprove of atrocities committed by his own side, but he has a remarkable capacity for not even hearing about them.” --George Orwell

    Quote Originally Posted by AuH20 View Post
    In terms of a full spectrum candidate, Rand is leaps and bounds above Trump. I'm not disputing that.
    Who else in public life has called for a pre-emptive strike on North Korea?--Donald Trump

  7. #6

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    Quote Originally Posted by kcchiefs6465 View Post
    Shocking stuff.
    Freedom isn't free you know.
    "The Patriarch"

  8. #7

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    The Republicans believe in fiscal responsibility so much that they decided to give a 130 billion dollar funding increase to a department (the Department of Defense) that recently announced that they somehow "lost" 800 million dollars.

  9. #8

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    Quote Originally Posted by Brett85 View Post
    The Republicans believe in fiscal responsibility so much that they decided to give a 130 billion dollar funding increase to a department (the Department of Defense) that recently announced that they somehow "lost" 800 million dollars.
    Not to mention the Trillions that went missing.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  10. #9

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    As popular as it is to credit or blame Trump for everything that happens, McConnell and Ryan are the top people to blame. If they had delivered a reduced spending bill, or even better, multiple bills, Trump would sign that too. And the media would then be blaming him for not spending enough, and pushing Granny off a cliff.
    Twitter: B4Liberty@USAB4L
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul


    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  11. #10

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    Quote Originally Posted by Brian4Liberty View Post
    As popular as it is to credit or blame Trump for everything that happens, McConnell and Ryan are the top people to blame. If they had delivered a reduced spending bill, or even better, multiple bills, Trump would sign that too. And the media would then be blaming him for not spending enough, and pushing Granny off a cliff.
    I don't remember us being quite so selective during the Obama years. trump either signed it or he didn't.

    Partisan politics, misleading or emotional bill titles, and 4D chess theories are manifestations of the same lie—that the text of the Constitution, the text of legislation, and plain facts do not matter; what matters is what you want to believe. From this comes hypocrisy. And where hypocrisy thrives, virtue recedes. Without virtue, liberty dies. - Justin Amash, March 2018

  12. #11

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    Quote Originally Posted by undergroundrr View Post
    I don't remember us being quite so selective during the Obama years. trump either signed it or he didn't.
    Obviously its not entirely Trumps fault but he is complicit

  13. #12

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    Quote Originally Posted by undergroundrr View Post
    I don't remember us being quite so selective during the Obama years. trump either signed it or he didn't.
    I agree, even if an override is assured he should be vetoing it just to make a statement.

    Rand forced a shutdown even though it passed anyway.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  14. #13

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    Quote Originally Posted by undergroundrr View Post
    I don't remember us being quite so selective during the Obama years. trump either signed it or he didn't.
    ...
    Speaker Boehner would disagree.
    Twitter: B4Liberty@USAB4L
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul


    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  15. #14

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    Quote Originally Posted by undergroundrr View Post
    I don't remember us being quite so selective during the Obama years. trump either signed it or he didn't.

    This is a critical time with our closest ally Israel on the verge of an expansive war in Syria, now is not the time to put price tags on freedom. In case we needed to defend our freedoms in Syria, Yemen , Africa and beyond, military spending has to be spiked. Grand childrens debts can be sorted out in future decades.

    Breaking: Syrian forces down Israeli F-16 near occupied Golan Heights




    Alarm bells are ringing on the federal debt

    Thomas Binion 02/09/18
    The Bipartisan Budget Act is 652 pages long. The bill increases spending by $386 billion over two years and nearly $1.5 trillion over 10 years. It also suspends the debt ceiling until after the next election.

    This is a massive and sweeping increase in federal spending. The increase in domestic spending is three times larger than even the increase requested by President Obama in his last budget.

    It was first proposed in the form of actual legislative text after 10 o’clock on Wednesday night. It was done and dusted, signed into law by 9 o’clock Friday morning. It took only 35 hours for both chambers of Congress to read, process, debate, and pass the 652-page bill.



    U.S. Raises Longer-Term Debt Sales as Budget Deficit Worsens







    Related

    Did Ted Cruz do anything to stop enhanced deficit/enhanced debt?

  16. #15

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    Quote Originally Posted by Anti Federalist View Post
    Who cares at this point?

    Nobody.

    $#@! it, run up three trillion, four trillion, five trillion more every year.
    ...
    Actually conservatives and Tea Party deeply care.




  17. #16

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    Quote Originally Posted by enhanced_deficit View Post
    Actually conservatives and Tea Party deeply care.
    They don't care enough to do anything meaningful about it.

    Obviously, voting is a joke.

  18. #17

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    Quote Originally Posted by Anti Federalist View Post
    They don't care enough to do anything meaningful about it.

    Obviously, voting is a joke.
    Voting for Ron or Rand was something meaningful they could have done......THEY DIDN'T.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  19. #18

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    Quote Originally Posted by Swordsmyth View Post
    All posted without comment to provide facts for people to make up their own minds.

    I don't support Dump's budget and I have always called for massive sending cuts.
    "Sending cuts"- like reducing Trump's Twitter activity?
    Quote Originally Posted by NorthCarolinaLiberty View Post

    Half the crap I write here is just to entertain myself.
    I am Zippy and I approve of this post. But you don't have to.

  20. #19

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    Quote Originally Posted by Zippyjuan View Post
    "Sending cuts"- like reducing Trump's Twitter activity?
    LOL

    I fixed it now.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  21. #20

    Default

    Trump did promise to borrow more money once he was elected- he is afterall, the "King of Debt".

    https://www.cnbc.com/2018/02/12/trum...d-in-debt.html

    Trump's economic policy is rooted in debt

    One clear principle runs through President Donald Trump's emerging economic policy: Debt is good.

    When defending a tax plan or laying out his budget, the man who once called himself "the king of debt" is trying to persuade Americans there's no price to pay for running trillion dollar budget deficits over the next few years. Stronger economic growth will permanently follow the borrowing spree, officials argue, even as many economists and investors already warn about what could happen when the debt becomes due.

    The White House budget plan released Monday is the latest example of the Trump principle. The budget proposal not only envisions soaring deficits through 2020, but it also outlines an infrastructure plan that would encourage state and local government to borrow heavily. The result, the plan suggests, would be exceptional growth that would then cause deficits to fall. The proposal assumes economic growth will climb above 3 percent and eventually settle into a solid 2.8 percent groove.

    The plan amounts to a gamble that nothing can slow a high-flying U.S. economy and force a reckoning over the debt. Not higher interest rates. Not rising inflation. Not a foreign crisis. Not an aging U.S. population. Not even - based on the budget plan's own estimates - an increase in the unemployment rate. Should the economy stumble, the risk is that the gravitational pull of the debt would worsen as the government would likely borrow more to stop a downturn.

    "They're assuming that the expansion lasts forever, basically," said Jim O'Sullivan, chief U.S. economist at High Frequency Economics. "You have to ask what will ultimately happen when we do go into a recession."

    O'Sullivan expects that ratings agencies could downgrade the U.S. government's credit rating. He cites the $1.5 trillion higher debt after Trump signed tax cuts into law last year and the bipartisan deal reached last week to fund the government through 2019, which puts the U.S. on track to hit trillion-dollar deficits next year.

    Trump's willingness to embrace debt is in direct contradiction to years of Republican rhetoric on the dangers of deficits and breaks his campaign promises. As a candidate, Trump vowed not just to balance the budget but pay down the entire national debt, which is currently $20.5 trillion.

    But as a businessman, Trump was anything but debt averse. Several of his companies filed for bankruptcy protection after being unable to service debt, leaving investors and contractors with losses. Trump portrayed this experience during the campaign as proof of his financial shrewdness.

    "I'm the king of debt. I'm great with debt. Nobody knows debt better than me,
    " he told CBS News in 2016, adding if he was unable to fully honor any obligations that he would tell investors that "the economy just crashed" and renegotiate the terms. But Trump has cautioned that he likes debt for his companies but not the country, saying that the government was "sitting on a time bomb" with its yearly deficits.
    Quote Originally Posted by NorthCarolinaLiberty View Post

    Half the crap I write here is just to entertain myself.
    I am Zippy and I approve of this post. But you don't have to.

  22. #21

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    Quote Originally Posted by Swordsmyth View Post
    All posted without comment to provide facts for people to make up their own minds.

    I don't support Dump's budget and I have always called for massive spending cuts.
    Posting 4 threads on minor portions of the budget with no context so that people can "make up their own minds?"

    You're a paragon of opposition to Trump, as always.
    Throwback Signature: Before They Were Trumpkins Edition

    Quote Originally Posted by dannno View Post
    Sorry that your candidate is a fascist and you can't even see it.
    Quote Originally Posted by dannno View Post
    I heard he called for 30k troops in Syria in the debate this evening. /Deal breaker.

  23. #22

    Default

    Quote Originally Posted by Anti Federalist View Post
    Who cares at this point?

    Nobody.

    $#@! it, run up three trillion, four trillion, five trillion more every year.

    Hookers and blow for everybody.

    Just make sure you got a bailout plan when this whole rotten $#@!ing house of cards comes crashing down.
    Being that this is the Ron Paul Forum we already know what the bail out plan is...it is us. First will come a massive devaluation of currency destroying they value of all our savings. Then the government comes after everybody's assets. The collapse of a free capitalist country is the beginning of socialism.

    This is why I wanted to put a bullet through my TV last night. I'm watching "news" reporters carrying on about a random dude in the Whites House that beat up his ex-wives, hours on end. Nobody had a word to say about the congress passing a budget that will bankrupt the country and threaten the wealth of everybody.

  24. #23

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    Military Industrial Complex Strikes Again

    America’s war spending will bankrupt the nation. For that matter, America’s war spending has already bankrupted the nation to the tune of more than $20 trillion dollars.

    Now the Trump Administration is pushing for a $4.4 trillion budget for fiscal year 2019 that would add $7 trillion to the already unsustainable federal deficit in order to sustain America’s military empire abroad and dramatically expand the police state here at home. ... Trump may turn out to be ... “the biggest deficit- and debt-increasing president of all time.” ...

    the U.S. government is operating in the negative on every front ... to keep the government operating and keep funding its endless wars abroad. This is how military empires fall and fail ...

    Not content to merely police the globe, in recent decades, America has gradually transformed its homeland into a battlefield with militarized police and weapons better suited to a war zone. ... President Trump – much like his predecessors – has marched in lockstep with the military. Now Trump wants $716 billion to expand America’s military empire abroad and billions more to hire cops, build more prisons and wage more profit-driven war-on-drugs/war-on-terrorism/war-on-crime programs that eat away at the Fourth Amendment while failing to make the country any safer. ...

    No matter how your break it down, this is not a budget aimed at perfecting the Union, establishing justice, insuring domestic tranquility, providing for the common defense, promoting general welfare, or securing the blessings of liberty for the American people.
    No, this is a budget aimed at pandering to the powerful money interests that run the Deep State ... So much for Trump’s campaign promises to balance the budget and drain the swamps ...

    The glaring economic truth is that at the end of the day, it’s the military industrial complex ... that is pushing America towards bankruptcy. ... for more than 15 years now, the United States has been fighting terrorism with a credit card, ...

    The illicit merger of the armaments industry and the Pentagon ... has come to represent perhaps the greatest threat to the nation’s fragile infrastructure ... America’s expanding military empire is bleeding the country dry at a rate of more than $15 billion a month ... and that’s just what the government spends on foreign wars. That does not include the cost of maintaining and staffing the 1000-plus US military bases spread around the globe. America boasts almost 50% of the world's total military expenditure, ... In fact, the Pentagon spends more on war than all 50 states combined spend on health, education, welfare, and safety. ...

    Although the federal government obscures so much about its defense spending that accurate figures are difficult to procure, we do know that since 2001, the US government has spent more than $1.8 trillion in the wars in Afghanistan and Iraq (that’s $8.3 million per hour). That doesn’t include wars and military exercises waged around the globe ... Mind you, these ongoing wars – riddled by corruption, graft and bumbling incompetence – have done little to keep the country safe while enriching the military industrial complex ... at taxpayer expense. ... it costs American taxpayers $2.1 million per year for each soldier deployed in Afghanistan.

    The American military-industrial complex has erected an empire unsurpassed in history in its breadth and scope, one dedicated to conducting perpetual warfare throughout the earth. ... with American troops stationed in 177 countries (over 70% of the countries worldwide). ... billions have been spent erecting luxury military installations throughout the world. ...

    the US Embassy built in Iraq, dubbed “Fortress Baghdad,” covers 104 acres and boasts a “city within a city” that includes six apartment buildings, a Marine barracks, swimming pool, shops and 15-foot-thick walls. Camp Anaconda in Iraq, like many US military bases scattered across the globe, was structured to resemble a mini-city with pools, fast food restaurants, miniature golf courses and movie theaters.

    While most Americans can scarcely afford the cost of heating and cooling their own homes, the American government spends $20 billion annually just to provide air conditioning for military installations in Iraq and Afghanistan. ...

    the Government Accountability Office found that $70 billion worth of cost overruns by the Pentagon were caused by management failures. To put that in perspective, that equates to one and a half times the State Department’s entire $47 billion annual budget. Fraud is rampant. ... Boeing has been massively overcharging taxpayers for mundane parts, ... the American taxpayer paid:
    $71 for a metal pin that should cost just 4 cents; $644.75 for a small gear smaller than a dime that sells for $12.51: ... $1,678.61 for another tiny part, also smaller than a dime, that could have been bought within DoD for $7.71:... $71.01 for a straight, thin metal pin that DOD had on hand, unused by the tens of thousands, for 4 cents ...

    once all the expenses of delivering gas to troops in the field are factored in, we’re paying between $18-30 per gallon for gas in Iraq and Afghanistan. ...

    The rationale may keep changing for why American military forces are in Afghanistan, Iraq and elsewhere, but the one that remains constant is that those who run the government are feeding the appetite of the military industrial complex. ...

    Foreclosing the future of our country should not be confused with defending it.” ...

    a distorted American empire ... has its sights set on absolute domination. Eventually, however, all military empires fail. ... if the American empire falls and the American economy collapses – and with it the last vestiges of our constitutional republic – it will be the government and its trillion-dollar war budgets that are to blame. ...

    As Eisenhower recognized in a speech given ... on Apr. 16, 1953, the consequences of allowing the military-industrial complex to wage war, exhaust our resources and dictate our national priorities are beyond grave:
    “This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children. ... We pay for a single fighter plane with a half million bushels of wheat. We pay for a single destroyer with new homes that could have housed more than 8,000 people… This is not a way of life at all, in any true sense. Under the cloud of threatening war, it is humanity hanging from a cross of iron.”
    "Let it not be said that we did nothing." - Dr. Ron Paul. "Stand up for what you believe in, even if you are standing alone." - Sophie Magdalena Scholl
    "War is the health of the State." - Randolph Bourne "Freedom is the answer. ... Now, what's the question?" - Ernie Hancock.

  25. #24

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    Quote Originally Posted by dean.engelhardt View Post
    Being that this is the Ron Paul Forum we already know what the bail out plan is...it is us. First will come a massive devaluation of currency destroying they value of all our savings. Then the government comes after everybody's assets. The collapse of a free capitalist country is the beginning of socialism.

    This is why I wanted to put a bullet through my TV last night. I'm watching "news" reporters carrying on about a random dude in the Whites House that beat up his ex-wives, hours on end. Nobody had a word to say about the congress passing a budget that will bankrupt the country and threaten the wealth of everybody.
    Next time do yourself a favor, put a a bullet through it.
    "The Patriarch"

  26. #25

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    This clip is from an episode that is 20 years old.







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