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Trump Domestic Policy - Budgets, etc


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You know, there is no reason for 'conservatives' to point the finger at 'big spending liberals' because those who call themselves conservative in Congress and the WH (falsely I add) have

out spent and have increased the deficit to record levels.   Trumps budget of high spending, cutting  taxes are doing wonders for our economy:sarcasm

 

 

https://www.cnsnews.com/news/article/terence-p-jeffrey/3727014000000-federal-spending-sets-record-through-july-treasury-runs

Quote

 

The federal government spent a record $3,727,014,000,000 in the first ten months of fiscal 2019 (October through July), according to the Monthly Treasury Statement released today.

While spending that record $3,727,014,000,000, the government ran a deficit of $866,812,000,000.

Before this year, the most that the federal government had ever spent in the first ten months of a fiscal year was in fiscal 2009, when the Treasury spent $3,576,745,930,000 (in constant June 2019 dollars, adjusted using the Bureau of Labor Statistics inflation calculator).

 

https://finance.yahoo.com/news/u-budget-deficit-already-exceeds-180000048.html

The GOP trots out their same old line in bold below.  

Quote

 

The U.S. fiscal deficit has already exceeded the full-year figure for last year, as spending growth outpaces revenue.

The gap grew to $866.8 billion in the first 10 months of the fiscal year, up 27% from the same period a year earlier, the Treasury Department said in its monthly budget report on Monday. That’s wider than last fiscal year’s shortfall of $779 billion -- which was the largest federal deficit since 2012.

So far in the fiscal year that began Oct. 1, a revenue increase of 3% hasn’t kept pace with a 8% rise in spending. While still a modest source of income, tariffs imposed by the Trump administration helped almost double customs duties to $57 billion in the period.

Republican tax cuts, increased federal spending and an aging population have contributed to the fiscal strains, though the GOP says tax reform enacted last year will spur economic growth and lift government revenue. Corporate income-tax receipts rose 3% between October and July, while individual income taxes gained 1%, according to Treasury data.

The annual budget deficit is expected to exceed $1 trillion starting in 2022, the Congressional Budget Office has said. The non-partisan agency is scheduled to update its latest 10-year budget and economic forecasts on Aug. 21.

 

 

Meanwhile recession clouds are on the horizon

https://www.cnbc.com/2019/08/13/investors-flock-into-bonds-as-recession-fears-rise.html

Quote

 

Bond popularity is at financial crisis levels among professional investors as they brace for slowing growth ahead and interest rate cuts from central banks.

A net 43% of market pros see lower short-term rates over the next 12 months, compared to just a net 9% that saw higher long-term rates, according to the Bank of America Merrill Lynch Fund Manager Survey for August.

 

Taken together, that’s the most bullish outlook on fixed income since November 2008, as lower yields mean higher prices and capital appreciation for bondholders.

 

 

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1 hour ago, TGHusker said:

You know, there is no reason for 'conservatives' to point the finger at 'big spending liberals' because those who call themselves conservative in Congress and the WH (falsely I add) have

out spent and have increased the deficit to record levels.   Trumps budget of high spending, cutting  taxes are doing wonders for our economy:sarcasm

 

 

https://www.cnsnews.com/news/article/terence-p-jeffrey/3727014000000-federal-spending-sets-record-through-july-treasury-runs

https://finance.yahoo.com/news/u-budget-deficit-already-exceeds-180000048.html

The GOP trots out their same old line in bold below.  

 

Meanwhile recession clouds are on the horizon

https://www.cnbc.com/2019/08/13/investors-flock-into-bonds-as-recession-fears-rise.html

 

The financial sector is also aware of Bernie "So what?" Sanders potentially plans to do if he were to win.

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On 8/21/2019 at 8:40 PM, commando said:

2nd tweet.....he want's to change the constitution with an executive order.   it doesn't work that way orange skull

 

Since the vast, vast majority of Americans gained their citizenship by right of being born in America, would this mean only the immigrants not born in America who have gotten their citizenship be the only remaining American citizens?

 

And Trump would no longer be a citizen and could no longer be President, right?

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7 hours ago, RedDenver said:

Since the vast, vast majority of Americans gained their citizenship by right of being born in America, would this mean only the immigrants not born in America who have gotten their citizenship be the only remaining American citizens?

 

And Trump would no longer be a citizen and could no longer be President, right?

I’m a 4th or 5th generation American on both sides. One couple left Denmark for Canada. After a short time, they walked across the border and started farming in Illinois. 

 

I guess I might lose my citizenship. 

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