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Budget Office: US deficit will reach $1 trillion next year

Discussion in 'U.S. Politics' started by Walter, Aug 22, 2019.

  1. Walter

    Walter Administrator Staff Member

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    In 2019 the deficit is $960 billion. It would be even higher if not for lower-than-expected interest rates. The reasons are tax cuts, so I think combining tax cuts with increased spending (e.g. military) doesn't make much sense.

    Seems the fiscal responsibility, the Republicans asked for under Obamas, is no topic now.

    BTW, this reminds me of Trumps first budget (discussed here).
     
  2. dogtowner

    dogtowner Moderator Staff Member

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    No topic ?
    Dont know about that but clearly Congress has no appetite for it.
     
  3. PLC1

    PLC1 Moderator Staff Member

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    It's been a while since I've visited this forum. I see this thread is out of date now, as Congress just passed a $2.5 trillion stimulus package.

    Didn't the self described "conservatives," the same as are supporting this stimulus, decry the one passed in '09 as being too much big government or something? What has changed?
     
  4. Walter

    Walter Administrator Staff Member

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    Republicans are socialists now? :D
     
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  5. SantinoTheItalian

    SantinoTheItalian New Member

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    The U.S. economy will soon be in a position where the only way to boom the economy is through war.

    Sadly it will most likely be a war in the 2030's or 2040's .I foresee Hungary ,Italy ,Poland, Slovenia, Slovakia and Albania to have formed a anti-migration pro Nationalist alliance thus this will create a new Axis because by then the neo liberals in U.S. will have declared some form of sanctions against countries that do not wish to take in migrants . The head of the U.S. Army public relations even admitted the U.S. main goal is to work with the U.N. and make Europe more "diverse" . Even going as far to saying - "one day Europe will be brown ". As a brown skin Mediterranean Italian person ,even I am offended by Europe becoming brown.
     
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  6. PLC1

    PLC1 Moderator Staff Member

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    War is peace.
     
  7. Walter

    Walter Administrator Staff Member

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    Is it that time again?
     
  8. PLC1

    PLC1 Moderator Staff Member

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    Well, 1984 was 36 years ago, but the novel is still pertinent to today.
     
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