Budget Deficit to Top $1 Trillion a Year for Next Decade
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the Tea Party was never "foaming at the mouth".
The federal deficit is a dangerously huge problem. But the dems own the House. they create the budget. They control the purse strings.
and far too many reps have kicked the can down the road...
I think what you mean is that, constitutionally, appropriations bills first originate in the House - which is true. But, the Senate has the power to amend or reject said bills, and send them to committee to settle out the differences. Plus, both houses of Congress need to sigh off on spending bills, plus a signature from the President/veto override, in order to become law. So, overspending and growth of the federal deficit is a Congressional and Presidential problem, not just a House problem.
And, as an interesting aside to your House arguments: since 1995, Democrats have had a majority in the House only from 2007-2011, and 2019 to present. The GOP has had the majority in the House for 20 out of the last 25 years. In the same 25 year time frame, Democrats have had the majority in both houses of Congress and the Presidency for 4 years; GOP had 6.
...eight years of obaMao commie inflating our debt, and we couldn't get ONE dem to talk about the concern.
The facts are, neither party is interested in reigning in the federal debt, no matter who's got the majority in Congress or who has the presidency. The key difference is, while the Democrats have been consistent about expanding the federal government - and, by extension, the federal deficit, the Republicans have been doing the exact same thing while putting on the appearance of being concerned about the deficit. They used the Tea Party to get in office and did nothing to help slow down or alleviate the federal debt either. Both parties are guilty.
...You can bet it would go down if Trump had the LINE ITEM VETO...
I highly doubt that, since he's increased the federal deficit at a faster pace than even Obama did during his presidency. Plus, you have to remember that a Republican will not always be President, and that a Democrat will be in office again in the future. Do you really want to give future Democratic presidents the power of a line item veto?
The facts are, neither party is interested in reigning in the federal debt, no matter who's got the majority in Congress or who has the presidency. The key difference is, while the Democrats have been consistent about expanding the federal government - and, by extension, the federal deficit, the Republicans have been doing the exact same thing while putting on the appearance of being concerned about the deficit. They used the Tea Party to get in office and did nothing to help slow down or alleviate the federal debt either. Both parties are guilty.
granted, true that. Between having to upgrade our military after "jimmy carters" trashed that spending, etc...and having to allow more and more social welfare spending, etc etc.
It's an endless round train that never stops.
I highly doubt that, since he's increased the federal deficit at a faster pace than even Obama did during his presidency. Plus, you have to remember that a Republican will not always be President, and that a Democrat will be in office again in the future. Do you really want to give future Democratic presidents the power of a line item veto?
only because he doesn't have line item veto. and you are right - I don't ever want the socialist Real America hating anti-Constitution/Bill of Rights sombeitches to ever have line item veto.
It is complicated. But allowing illegals to flood in here by the millions, and give them SS, welfare, housing, health care will doom us all. And that is far, far, far greater than our expenditures on military readiness in wasteful spending....
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...At least with Trump we got a great economy for the tax cuts while with Obama we had the worst economic recovery after a recession since WW2 while still running up the debt
The deficit is rising despite healthy economic growth: The economy is in its 11th year of expansion, and CBO expects gross domestic product to grow by 2.2% this year, up 0.1 percentage point from its August estimate (but shy of the Trump administration’s 3% annual target). While deficits typically shrink during periods of prolonged economic growth, the budget shortfall has surged as the result of the 2017 Republican tax law and a series of spending increases passed by Congress and signed by President Trump. And CBO expects economic growth to slow to an average annual rate of 1.7% from 2021 through 2030.
Great economies don't mean jack shit if your spending continues to outpace economic growth.
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well you gotta spend money to make money...
kicking the can is fun
obamas TARP (that doubled as his budget that his senate blindly approved for years) and QE's ad infinitum
not enuf?
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well you gotta spend money to make money...
kicking the can is fun
obamas TARP (that doubled as his budget that his senate blindly approved for years) and QE's ad infinitum
not enuf?
not enuf?
Well, since Trump is set to exceed the deficits that occured during the Obama administration, you tell me.
Forbes: Trump’s Budget Deficits Could Almost Double Obama’s
"The first thing you notice when looking at the federal deficits from fiscal 2008 (the US government fiscal year ends in September) is that it increased by almost $1 trillion from fiscal 2008 (before Obama was elected) to fiscal 2009 (which was based on Bush’s last budget). It remained over $1 trillion per year for four years and got below Bush’s last years deficit in fiscal 2015. It continued to decrease until Obama’s last year and increased again in Trump’s first year in office."
- Fiscal 2007: $161 billion (next to last year of Bush’s second term)
- Fiscal 2008: $459 billion (beginning impact from the Great Recession)
- Fiscal 2009: $1.4 trillion (Obama’s first year, Bush’s budget and in the teeth of the Recession)
- Fiscal 2010: $1.3 trillion
- Fiscal 2011: $1.3 trillion
- Fiscal 2012: $1.1 trillion
- Fiscal 2013: $680 billion
- Fiscal 2014: $485 billion
- Fiscal 2015: $438 billion
- Fiscal 2016: $587 billion
Comparing Trump’s deficits to Obama’s
Similar to comparing Trump’s job growth during his 29 months in office to Obama’s last 29 months where Trump’s Presidency has generated almost one million fewer jobs, Trump’s federal deficits are projected to zoom past Obama’s when you combine the last four years of Obama’s Presidency to Trump’s first four years. In fact Trump’s could approach doubling Obama’s.
There are a few timeframes that are useful to analyze given that a new President doesn’t really have control the fiscal year they are elected and inaugurated and may have minimal impact the first full year. To account for the time lags, below are three rolling four year timeframes for Obama’s last four years in office and Trump’s first four years.
Cumulative rolling four years of deficits under Obama:
- 2012-2015: $2,191 billion (last four years of Obama’s Presidency)
- 2013-2016: $2,171 billion (last three years and first year of Trump’s)
- 2014-2017: $2,471 billion (last two years and first two years of Trump’s)
Under Trump:
- 2017-2020: $3.330 billion (first four years of Trump’s Presidency, one year of increased spending)
- 2018-2021: $3,757 billion (second to fourth year of Trump’s Presidency, first year after and two years of increased spending)
- 2019-2022: $4,228 billion (last two years and first two years of next term)
As you can see the timeframes that use the actual last four years of Obama to Trump’s first four is actually the most favorable for Trump as his cumulative budget deficit is only $1,139 billion more. As time goes by Trump’s are worse by $1,586 billion and then $1,757 billion, respectively.
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The bottom line is we have a spending problem and neither party will address it because who wants to do any sacrifice as long as we can spend on a credit card. The republicans do better at talking about reducing the debt when they are out of power but they have shown they cannot follow through with reducing the debt when in power. It seems obvious to me that nothing will be done until we hit crisis stage and then are forced by necessity to make painful cuts. We really should be making less painful cuts now but it looks like that is not going to happen.
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not enuf?
Well, since Trump is set to exceed the deficits that occured during the Obama administration, you tell me.
Forbes: Trump’s Budget Deficits Could Almost Double Obama’s
"The first thing you notice when looking at the federal deficits from fiscal 2008 (the US government fiscal year ends in September) is that it increased by almost $1 trillion from fiscal 2008 (before Obama was elected) to fiscal 2009 (which was based on Bush’s last budget). It remained over $1 trillion per year for four years and got below Bush’s last years deficit in fiscal 2015. It continued to decrease until Obama’s last year and increased again in Trump’s first year in office."
- Fiscal 2007: $161 billion (next to last year of Bush’s second term)
- Fiscal 2008: $459 billion (beginning impact from the Great Recession)
- Fiscal 2009: $1.4 trillion (Obama’s first year, Bush’s budget and in the teeth of the Recession)
- Fiscal 2010: $1.3 trillion
- Fiscal 2011: $1.3 trillion
- Fiscal 2012: $1.1 trillion
- Fiscal 2013: $680 billion
- Fiscal 2014: $485 billion
- Fiscal 2015: $438 billion
- Fiscal 2016: $587 billion
Comparing Trump’s deficits to Obama’s
Similar to comparing Trump’s job growth during his 29 months in office to Obama’s last 29 months where Trump’s Presidency has generated almost one million fewer jobs, Trump’s federal deficits are projected to zoom past Obama’s when you combine the last four years of Obama’s Presidency to Trump’s first four years. In fact Trump’s could approach doubling Obama’s.
There are a few timeframes that are useful to analyze given that a new President doesn’t really have control the fiscal year they are elected and inaugurated and may have minimal impact the first full year. To account for the time lags, below are three rolling four year timeframes for Obama’s last four years in office and Trump’s first four years.
Cumulative rolling four years of deficits under Obama:
- 2012-2015: $2,191 billion (last four years of Obama’s Presidency)
- 2013-2016: $2,171 billion (last three years and first year of Trump’s)
- 2014-2017: $2,471 billion (last two years and first two years of Trump’s)
Under Trump:
- 2017-2020: $3.330 billion (first four years of Trump’s Presidency, one year of increased spending)
- 2018-2021: $3,757 billion (second to fourth year of Trump’s Presidency, first year after and two years of increased spending)
- 2019-2022: $4,228 billion (last two years and first two years of next term)
As you can see the timeframes that use the actual last four years of Obama to Trump’s first four is actually the most favorable for Trump as his cumulative budget deficit is only $1,139 billion more. As time goes by Trump’s are worse by $1,586 billion and then $1,757 billion, respectively.
Well, since Trump is set to exceed the deficits that occured during the Obama administration, you tell me.
Forbes: Trump’s Budget Deficits Could Almost Double Obama’s
"The first thing you notice when looking at the federal deficits from fiscal 2008 (the US government fiscal year ends in September) is that it increased by almost $1 trillion from fiscal 2008 (before Obama was elected) to fiscal 2009 (which was based on Bush’s last budget). It remained over $1 trillion per year for four years and got below Bush’s last years deficit in fiscal 2015. It continued to decrease until Obama’s last year and increased again in Trump’s first year in office."
- Fiscal 2007: $161 billion (next to last year of Bush’s second term)
- Fiscal 2008: $459 billion (beginning impact from the Great Recession)
- Fiscal 2009: $1.4 trillion (Obama’s first year, Bush’s budget and in the teeth of the Recession)
- Fiscal 2010: $1.3 trillion
- Fiscal 2011: $1.3 trillion
- Fiscal 2012: $1.1 trillion
- Fiscal 2013: $680 billion
- Fiscal 2014: $485 billion
- Fiscal 2015: $438 billion
- Fiscal 2016: $587 billion
Comparing Trump’s deficits to Obama’s
Similar to comparing Trump’s job growth during his 29 months in office to Obama’s last 29 months where Trump’s Presidency has generated almost one million fewer jobs, Trump’s federal deficits are projected to zoom past Obama’s when you combine the last four years of Obama’s Presidency to Trump’s first four years. In fact Trump’s could approach doubling Obama’s.
There are a few timeframes that are useful to analyze given that a new President doesn’t really have control the fiscal year they are elected and inaugurated and may have minimal impact the first full year. To account for the time lags, below are three rolling four year timeframes for Obama’s last four years in office and Trump’s first four years.
Cumulative rolling four years of deficits under Obama:
- 2012-2015: $2,191 billion (last four years of Obama’s Presidency)
- 2013-2016: $2,171 billion (last three years and first year of Trump’s)
- 2014-2017: $2,471 billion (last two years and first two years of Trump’s)
Under Trump:
- 2017-2020: $3.330 billion (first four years of Trump’s Presidency, one year of increased spending)
- 2018-2021: $3,757 billion (second to fourth year of Trump’s Presidency, first year after and two years of increased spending)
- 2019-2022: $4,228 billion (last two years and first two years of next term)
As you can see the timeframes that use the actual last four years of Obama to Trump’s first four is actually the most favorable for Trump as his cumulative budget deficit is only $1,139 billion more. As time goes by Trump’s are worse by $1,586 billion and then $1,757 billion, respectively.
Let's not bury our head in the sand.
What platform are ALL the Dem Presidential hopefuls running on?
I'll help you out with that...freebies.
Fauxcahontas is promising to erase trillions of dollars of college debt, while promising free healthcare for EVERYONE.
I don't think you have to be an accounting major to figure out how that's going to impact the national debt.
So yes, you're right that both Dems & Repubs have a hand at deepening the debt, but the Libs are actually bribing voters.
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Well, since Trump is set to exceed the deficits that occured during the Obama administration, you tell me.
Forbes: Trump’s Budget Deficits Could Almost Double Obama’s
"The first thing you notice when looking at the federal deficits from fiscal 2008 (the US government fiscal year ends in September) is that it increased by almost $1 trillion from fiscal 2008 (before Obama was elected) to fiscal 2009 (which was based on Bush’s last budget). It remained over $1 trillion per year for four years and got below Bush’s last years deficit in fiscal 2015. It continued to decrease until Obama’s last year and increased again in Trump’s first year in office."
- Fiscal 2007: $161 billion (next to last year of Bush’s second term)
- Fiscal 2008: $459 billion (beginning impact from the Great Recession)
- Fiscal 2009: $1.4 trillion (Obama’s first year, Bush’s budget and in the teeth of the Recession)
- Fiscal 2010: $1.3 trillion
- Fiscal 2011: $1.3 trillion
- Fiscal 2012: $1.1 trillion
- Fiscal 2013: $680 billion
- Fiscal 2014: $485 billion
- Fiscal 2015: $438 billion
- Fiscal 2016: $587 billion
Comparing Trump’s deficits to Obama’s
Similar to comparing Trump’s job growth during his 29 months in office to Obama’s last 29 months where Trump’s Presidency has generated almost one million fewer jobs, Trump’s federal deficits are projected to zoom past Obama’s when you combine the last four years of Obama’s Presidency to Trump’s first four years. In fact Trump’s could approach doubling Obama’s.
There are a few timeframes that are useful to analyze given that a new President doesn’t really have control the fiscal year they are elected and inaugurated and may have minimal impact the first full year. To account for the time lags, below are three rolling four year timeframes for Obama’s last four years in office and Trump’s first four years.
Cumulative rolling four years of deficits under Obama:
- 2012-2015: $2,191 billion (last four years of Obama’s Presidency)
- 2013-2016: $2,171 billion (last three years and first year of Trump’s)
- 2014-2017: $2,471 billion (last two years and first two years of Trump’s)
Under Trump:
- 2017-2020: $3.330 billion (first four years of Trump’s Presidency, one year of increased spending)
- 2018-2021: $3,757 billion (second to fourth year of Trump’s Presidency, first year after and two years of increased spending)
- 2019-2022: $4,228 billion (last two years and first two years of next term)
As you can see the timeframes that use the actual last four years of Obama to Trump’s first four is actually the most favorable for Trump as his cumulative budget deficit is only $1,139 billion more. As time goes by Trump’s are worse by $1,586 billion and then $1,757 billion, respectively.
Let's not bury our head in the sand.
What platform are ALL the Dem Presidential hopefuls running on?
I'll help you out with that...freebies.
Fauxcahontas is promising to erase trillions of dollars of college debt, while promising free healthcare for EVERYONE.
I don't think you have to be an accounting major to figure out how that's going to impact the national debt.
So yes, you're right that both Dems & Repubs have a hand at deepening the debt, but the Libs are actually bribing voters.
but the Libs are actually bribing voters.
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but the Libs are actually bribing voters.
the dishonest inference is, that paying people on the leftwing side to protest, show up, etc... is the same as cash giveaways to communities, I think. Not the same thing.
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but the Libs are actually bribing voters.
I think you're confusing private donations with taxpayer funds,.
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Losing weight is a combination of the calories you intake and the calories you burn
A lot on here a going on about Dems wanting to eat much, and how we'll gain weight. But they're also proposing exercising more.
Trump has gained weight. Sure, he isn't eating any more, but he's working out less. Same effect.
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I think you're confusing private donations with taxpayer funds,.
I think you're confusing private donations with taxpayer funds,.
No, I'm not. You said bribe. Bribes can be offered with private funds. Last I checked, the mob sure as hell doesn't bother with the public treasury.
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Losing weight is a combination of the calories you intake and the calories you burn
A lot on here a going on about Dems wanting to eat much, and how we'll gain weight. But they're also proposing exercising more.
Trump has gained weight. Sure, he isn't eating any more, but he's working out less. Same effect.
Losing weight is a combination of the calories you intake and the calories you burn
A lot on here a going on about Dems wanting to eat much, and how we'll gain weight. But they're also proposing exercising more.
Trump has gained weight. Sure, he isn't eating any more, but he's working out less. Same effect.

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Well, since Trump is set to exceed the deficits that occured during the Obama administration, you tell me.
Forbes: Trump’s Budget Deficits Could Almost Double Obama’s
"The first thing you notice when looking at the federal deficits from fiscal 2008 (the US government fiscal year ends in September) is that it increased by almost $1 trillion from fiscal 2008 (before Obama was elected) to fiscal 2009 (which was based on Bush’s last budget). It remained over $1 trillion per year for four years and got below Bush’s last years deficit in fiscal 2015. It continued to decrease until Obama’s last year and increased again in Trump’s first year in office."
- Fiscal 2007: $161 billion (next to last year of Bush’s second term)
- Fiscal 2008: $459 billion (beginning impact from the Great Recession)
- Fiscal 2009: $1.4 trillion (Obama’s first year, Bush’s budget and in the teeth of the Recession)
- Fiscal 2010: $1.3 trillion
- Fiscal 2011: $1.3 trillion
- Fiscal 2012: $1.1 trillion
- Fiscal 2013: $680 billion
- Fiscal 2014: $485 billion
- Fiscal 2015: $438 billion
- Fiscal 2016: $587 billion
Comparing Trump’s deficits to Obama’s
Similar to comparing Trump’s job growth during his 29 months in office to Obama’s last 29 months where Trump’s Presidency has generated almost one million fewer jobs, Trump’s federal deficits are projected to zoom past Obama’s when you combine the last four years of Obama’s Presidency to Trump’s first four years. In fact Trump’s could approach doubling Obama’s.
There are a few timeframes that are useful to analyze given that a new President doesn’t really have control the fiscal year they are elected and inaugurated and may have minimal impact the first full year. To account for the time lags, below are three rolling four year timeframes for Obama’s last four years in office and Trump’s first four years.
Cumulative rolling four years of deficits under Obama:
- 2012-2015: $2,191 billion (last four years of Obama’s Presidency)
- 2013-2016: $2,171 billion (last three years and first year of Trump’s)
- 2014-2017: $2,471 billion (last two years and first two years of Trump’s)
Under Trump:
- 2017-2020: $3.330 billion (first four years of Trump’s Presidency, one year of increased spending)
- 2018-2021: $3,757 billion (second to fourth year of Trump’s Presidency, first year after and two years of increased spending)
- 2019-2022: $4,228 billion (last two years and first two years of next term)
As you can see the timeframes that use the actual last four years of Obama to Trump’s first four is actually the most favorable for Trump as his cumulative budget deficit is only $1,139 billion more. As time goes by Trump’s are worse by $1,586 billion and then $1,757 billion, respectively.
Let's not bury our head in the sand.
What platform are ALL the Dem Presidential hopefuls running on?
I'll help you out with that...freebies.
Fauxcahontas is promising to erase trillions of dollars of college debt, while promising free healthcare for EVERYONE.
I don't think you have to be an accounting major to figure out how that's going to impact the national debt.
So yes, you're right that both Dems & Repubs have a hand at deepening the debt, but the Libs are actually bribing voters.
Fauxcahontas is promising to erase trillions of dollars of college debt, while promising free healthcare for EVERYONE.
I don't think you have to be an accounting major to figure out how that's going to impact the national debt.
So yes, you're right that both Dems & Repubs have a hand at deepening the debt, but the Libs are actually bribing voters.
No, I'm not. You said bribe. Bribes can be offered with private funds. Last I checked, the mob sure as hell doesn't bother with the public treasury.
You probably have trouble differentiating between the NRA and Planned Parenthood.
The NRA is a private entity that makes donations to DC politicians (that includes Dems too).
PP is funded by taxpayers and will make a $50 million donation to a Democratic nominee.
Most liberals can’t tell the difference.
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Fauxcahontas is promising to erase trillions of dollars of college debt, while promising free healthcare for EVERYONE.
I don't think you have to be an accounting major to figure out how that's going to impact the national debt.
So yes, you're right that both Dems & Repubs have a hand at deepening the debt, but the Libs are actually bribing voters.
No, I'm not. You said bribe. Bribes can be offered with private funds. Last I checked, the mob sure as hell doesn't bother with the public treasury.
You probably have trouble differentiating between the NRA and Planned Parenthood.
The NRA is a private entity that makes donations to DC politicians (that includes Dems too).
PP is funded by taxpayers and will make a $50 million donation to a Democratic nominee.
Most liberals can’t tell the difference.
You probably have trouble differentiating between the NRA and Planned Parenthood.
The NRA is a private entity that makes donations to DC politicians (that includes Dems too).
PP is funded by taxpayers and will make a $50 million donation to a Democratic nominee.
Most liberals can’t tell the difference.
This was the best you could come up with? Actually PP is a non-profit organization, that falls under a private-public adherence (no, they are not mutually exclusive terms at times)
They are not "funded" by taxpayers in the mindset that they have yearly budget allocated right out of public treasury. I had to look at a few sites to make sure I was getting unbias figures but the bulk of their operating revenue, almost 75% it looks like, is from private donations and government reimbursment for billed health care services like any other private practice. I actually didn't know any of that until I started looking up the info.
So your over simplified "explanation" borders on outright being wrong. Let alone compounded with the fact your comparison is a logical fallacy you won't own too.
A bribe is a bribe. And to believe that either major party is more or somehow less willing and capable to do such a thing is naive on a level I can't personally comprehend.
As for the donations to candidates - they aren't donations, they're investments. Like any other investor, putting money into a product to reap profit. It's wrong and shouldn't be allowed at such levels.
Given your responses thus far, I can't imagine your rebuttal will be anymore intelligent than the last. So I'll take my leave here and bid you a good day, sir.
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One thing that I believe has been documented is that liberals generally speaking are way more generous doling out tax payer dollars than they are with their own money where they are more tight fisted.
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You probably have trouble differentiating between the NRA and Planned Parenthood.
The NRA is a private entity that makes donations to DC politicians (that includes Dems too).
PP is funded by taxpayers and will make a $50 million donation to a Democratic nominee.
Most liberals can’t tell the difference.
This was the best you could come up with? Actually PP is a non-profit organization, that falls under a private-public adherence (no, they are not mutually exclusive terms at times)
They are not "funded" by taxpayers in the mindset that they have yearly budget allocated right out of public treasury. I had to look at a few sites to make sure I was getting unbias figures but the bulk of their operating revenue, almost 75% it looks like, is from private donations and government reimbursment for billed health care services like any other private practice. I actually didn't know any of that until I started looking up the info.
So your over simplified "explanation" borders on outright being wrong. Let alone compounded with the fact your comparison is a logical fallacy you won't own too.
A bribe is a bribe. And to believe that either major party is more or somehow less willing and capable to do such a thing is naive on a level I can't personally comprehend.
As for the donations to candidates - they aren't donations, they're investments. Like any other investor, putting money into a product to reap profit. It's wrong and shouldn't be allowed at such levels.
Given your responses thus far, I can't imagine your rebuttal will be anymore intelligent than the last. So I'll take my leave here and bid you a good day, sir.
This was the best you could come up with? Actually PP is a non-profit organization, that falls under a private-public adherence (no, they are not mutually exclusive terms at times)
They are not "funded" by taxpayers in the mindset that they have yearly budget allocated right out of public treasury. I had to look at a few sites to make sure I was getting unbias figures but the bulk of their operating revenue, almost 75% it looks like, is from private donations and government reimbursment for billed health care services like any other private practice. I actually didn't know any of that until I started looking up the info.
So your over simplified "explanation" borders on outright being wrong. Let alone compounded with the fact your comparison is a logical fallacy you won't own too.
A bribe is a bribe. And to believe that either major party is more or somehow less willing and capable to do such a thing is naive on a level I can't personally comprehend.
As for the donations to candidates - they aren't donations, they're investments. Like any other investor, putting money into a product to reap profit. It's wrong and shouldn't be allowed at such levels.
Given your responses thus far, I can't imagine your rebuttal will be anymore intelligent than the last. So I'll take my leave here and bid you a good day, sir.
yeah. no link, no source. Just make believe garbage to be twisted around like a pink fairy dust licorice stick.
I hate to think they make political funds out of being reimbursed for the murder of born and unborn children.
"Planned Parenthood Reveals How Much More Taxpayers Gave Them In 2018 Taxpayers contributed to an over $20 million increase in federal funds allocated to Planned Parenthood in 2018, according to the abortion organization’s annual report. "
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Here's another link for ya, Tiam:
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Wait, Tia...
You wanted more information
You looked for an unbiased source
And you learned something new???
I think you're doing it wrong. Just post a Heritage link and move on
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