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Old 11-14-2018, 11:32 AM #1
Motorcity Cobra Motorcity Cobra is offline
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Default Are House Republicans gonna attempt to fix this mess they caused before they leave?

Or are they gonna leave it then blame it on Democrats in 2020?

U.S. Budget Deficit Jumps to $100 Billion at Start of Fiscal Year

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The U.S. recorded a $100.5 billion budget deficit in October, an increase of about 60 percent from a year earlier, as spending grew twice as fast as revenue.

The deficit widened from $63.2 billion in the same month last year, the department said in an emailed statement on Tuesday. October marks the start of the U.S. fiscal year.

Receipts totaled $252.7 billion last month, up 7 percent from a year earlier, while outlays climbed 18 percent to $353.2 billion, according to the department.

A ballooning U.S. budget shortfall -- fueled by tax cuts, spending hikes and an aging population -- is driving the Treasury Department to raise its long-term debt issuance. Waning support for U.S. government debt from the Fed, combined with President Donald Trump’s deficit-boosting tax cuts, are weighing on the debt load that he inherited from Barack Obama.


In Trump’s first full fiscal year that ended in September, the budget gap grew to $779 billion, the highest level since 2012.
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Old 11-14-2018, 01:49 PM #2
Motorcity Cobra Motorcity Cobra is offline
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They've had the purse strings the past 8 years. Six under Obama & 2 under Trump.

I'm starting to think all this talk by Republicans about debt & deficit is just that. All talk
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Old 11-14-2018, 03:26 PM #3
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"We're (republicans) fiscally conservative...democrats want to give away free stuff, doe."
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Old 11-14-2018, 04:33 PM #4
48cantCstraight 48cantCstraight is offline
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Quote:
What happened: The U.S. spent $353 billion during the month while it only took in $253 billion.

The U.S. spent $84 billion on Social Security, $69 billion on defense, and $53 billion on Medicare.
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I agree OP we are spending way too much money on socialist programs. It's about time we rid this great country of socialism once and for all.
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Old 11-14-2018, 04:37 PM #5
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Originally Posted by 48cantCstraight View Post
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I agree OP we are spending way too much money on socialist programs. It's about time we rid this great country of socialism once and for all.
Thanks for the link
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Old 11-14-2018, 04:46 PM #6
48cantCstraight 48cantCstraight is offline
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Originally Posted by man down View Post
Thanks for the link
Trump's tax cuts doe. Lol at citing an article from a website founded by one of the biggest Democratic donors of all time. OP is a ******.
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Old 11-14-2018, 05:11 PM #7
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The Treasury Department said federal outlays rose 18% in the first month of the 2019 fiscal year compared with the same period a year earlier, in large part because of higher spending on Medicare, national defense and interest payments on the debt.

Those interest payments on a $20 TRILLION dollar debt left behind by the previous administration are a drain on our economy.
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Old 11-14-2018, 05:23 PM #8
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Old 11-14-2018, 05:47 PM #9
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Originally Posted by GhostofDempsey View Post
The Treasury Department said federal outlays rose 18% in the first month of the 2019 fiscal year compared with the same period a year earlier, in large part because of higher spending on Medicare, national defense and interest payments on the debt.

Those interest payments on a $20 TRILLION dollar debt left behind by the previous administration are a drain on our economy.
So our current government shouldn’t address deficits and trillion dollar debt loads because “Obama did it”?
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Old 11-14-2018, 06:15 PM #10
Motorcity Cobra Motorcity Cobra is offline
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Originally Posted by 48cantCstraight View Post
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I agree OP we are spending way too much money on socialist programs. It's about time we rid this great country of socialism once and for all.
To much money on entitlements we've paid into?
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