jbluhm86 Posted July 18, 2018 Report Share Posted July 18, 2018 The Hill: White House budget projects $1 trillion deficit in 2019 The White House’s midyear budget projections see federal deficits surpassing $1 trillion in 2019. In an annual budget review, the White House’s Office of Management and Budget (OMB) estimated that new legislation enacted since the release of its February budget — alongside new projections on other spending and receipts — would add $101 billion more to the 2019 deficit, pushing it above $1 trillion. That figure would amount to 5.1 percent of the United States's gross domestic product, the nation’s total economic output. The midyear budget review was released quietly on Friday. Estimates from the nonpartisan Congressional Budget Office had forecast the deficit to near $1 trillion in 2019, but not pass it until 2020. Budget watchdogs said that deficits had doubled in recent years as a result of bipartisan spending agreements and the GOP tax-cut law passed in December. "This is a striking acknowledgement following almost two years of claims that economic growth unleashed by these policies will wipe deficits away,” said Maya MacGuineas, president of the Committee for a Responsible Federal Budget. The budget outlook maintained the rosy economic projections the Trump White House has used in previous forecasts, but seemed to indicate a slight retreat from an earlier promise. Trump officials have regularly argued that the administration’s policies would lead to sustained economic growth of 3 percent over 10 years, well above mainstream projections. In its updated budget outlook, OMB’s average growth rate dropped under 3 percent over the decade, dipping below the target as of 2025. The White House also projected that corporate profits would grow 13 percent over a decade, while employee compensation would surge 68 percent. The Bureau of Labor Statistics estimated that hourly wages have grown just 2.7 percent in the past year, though once inflation was taken into account the number fell to zero. Link to comment Share on other sites More sharing options...
calfoxwc Posted July 18, 2018 Report Share Posted July 18, 2018 your implication that it's Trump's fault is nonsense, except for the fact that he had to go along with the budget, the increases being the dems' fault. Democrats won big in the new budget agreement. | The New Republic https://newrepublic.com/minutes/142406/democrats-won-big-new-budget-agreement Despite Trump's demands, the new budget will give no money to his signature ... But the country was spared the draconian spending cuts that many had feared ... “All countries are doing this, but we've elevated this to a higher degree, and we've ... These scandals at the company, The Information claims, might have sent the ... Budget talks progress, as Senate Dems drop Dreamer demand - Politico https://www.politico.com/.../democrats-drop-dreamer-demand-with-budget-deal-in-re... Jan 24, 2018 - But House Democrats may not support a spending deal that lacks relief for young ... Action for Childhood Arrivals program that President Donald Trump is ending. ... That huge increase, much more than the White House's most recent budget request, would .... No actions will be taken for the Dreamers. Democrats Outline Demands as Threat of Shutdown Looms - The New ... https://www.nytimes.com/.../senate-democrats-government-shutdown-immigration.html Jan 2, 2018 - Democrats are pushing for funding for children's health care and protection for ... and Speaker Paul D. Ryan, as well as Mr. Trump's budget director, Mick ... the military to blackmail the government to spend more money domestically. .... in the United States, Canada and the Americas, delivered to your inbox. Democrats must push aside absurd demand for 'parity' budget spending thehill.com/.../364313-democrats-must-push-aside-absurd-demand-for-parity-budget-... Dec 13, 2017 - Trump seeks upper hand on civility — to chagrin of Dems ... But this is what the Democrats are demanding in the latest budget negotiations. ... in defense spending, they want an extra dollar spent on non-defense programs. ... Instead of giving these programs more money for parity's sake, Congress should .. Trump signs spending bill to end government shutdown - New York Post https://nypost.com/2018/01/.../trump-signs-spending-bill-ending-government-shutdo... Jan 22, 2018 - President Donald Trump signed a bill reopening the government ... Shutdown may not last long as Senate passes budget deal in ... Under the agreement, Democrats provided enough votes to pass the stopgap spending ... passed the final bill by the same 81-18 vote, sending it to the House, ... More Stories ... Link to comment Share on other sites More sharing options...
jbluhm86 Posted July 18, 2018 Author Report Share Posted July 18, 2018 3 minutes ago, calfoxwc said: your implication that it's Trump's fault is nonsense, except for the fact that he had to go along with the budget, the increases being the dems' fault... Really? I could've sworn the Constitution gives the president a power called a "veto" or something like that he could use if he didn't agree with a particular bill from Congress; say, for example, a budget bill from Congress that provided tax cuts that would inflate the federal defict by a trillion dollars in one year. After all, isn't the GOP the party the party of fiscal responsibility? It must be those pesky Democrats in Congress' fault. Thankfully, the GOP has a filibuster-proof majority in Congress, and wouldn't allow any Democrats' chicanery to reach Trump's desk... Link to comment Share on other sites More sharing options...
calfoxwc Posted July 18, 2018 Report Share Posted July 18, 2018 except it's close enough, your hero dirty john mccain, and a few others, are rino's, and as I POSTED, they wanted to avoid a gov shutdown, which dems wanted, so they could do a redo of blaming the republicans, and you dems buy it. Link to comment Share on other sites More sharing options...
MLD Woody Posted July 18, 2018 Report Share Posted July 18, 2018 Something good happen while your guy us president? He's responsible Something bad happen haloen while your guy is president? It's not his fault! It's that damn other party getting in his way!!! Link to comment Share on other sites More sharing options...
calfoxwc Posted July 18, 2018 Report Share Posted July 18, 2018 Link to comment Share on other sites More sharing options...
Canton Dawg Posted July 18, 2018 Report Share Posted July 18, 2018 "One trillion added to the deficit?. . .AMATUER"!! - Barack Obama Link to comment Share on other sites More sharing options...
Westside Steve Posted July 18, 2018 Report Share Posted July 18, 2018 12 hours ago, MLD Woody said: Something good happen while your guy us president? He's responsible Something bad happen haloen while your guy is president? It's not his fault! It's that damn other party getting in his way!!! Or something good happens while your guy is president but it's actually the policies of our guy in the previous administration that made it all happen. WSS Link to comment Share on other sites More sharing options...
MLD Woody Posted July 18, 2018 Report Share Posted July 18, 2018 25 minutes ago, Westside Steve said: Or something good happens while your guy is president but it's actually the policies of our guy in the previous administration that made it all happen. WSS In that case you never admit it and continue to claim it was your guy that made the difference Link to comment Share on other sites More sharing options...
MLD Woody Posted July 18, 2018 Report Share Posted July 18, 2018 35 minutes ago, Canton Dawg said: "One trillion added to the deficit?. . .AMATUER"!! - Barack Obama $1 trillion added to the debt. Deficit is different. Obama at least moved it in the right direction while in office. We'll see how it continues to move now Link to comment Share on other sites More sharing options...
Canton Dawg Posted July 18, 2018 Report Share Posted July 18, 2018 11 minutes ago, MLD Woody said: $1 trillion added to the debt. Deficit is different. Obama at least moved it in the right direction while in office. We'll see how it continues to move now I KNOW the difference, take a peek at the sea of red below. . . Link to comment Share on other sites More sharing options...
Westside Steve Posted July 18, 2018 Report Share Posted July 18, 2018 It just underscores the futility of voting in the first place. Republicans could have approach this from an austerity angle and really tightened up the US economy debt and deficit. But they compromised. Now it stinks worse than it did before but not as bad as will stink a few years from now. WSS Link to comment Share on other sites More sharing options...
LogicIsForSquares Posted July 18, 2018 Report Share Posted July 18, 2018 1 hour ago, Canton Dawg said: "One trillion added to the deficit?. . .AMATUER"!! - Barack Obama Has Trump done anything wrong ever? No reply about Hillary or Obama. They sucked too. Link to comment Share on other sites More sharing options...
LogicIsForSquares Posted July 18, 2018 Report Share Posted July 18, 2018 3 minutes ago, Westside Steve said: It just underscores the futility of voting in the first place. Republicans could have approach this from an austerity angle and really tightened up the US economy debt and deficit. But they compromised. Now it stinks worse than it did before but not as bad as will stink a few years from now. WSS Neither team wants to address the problem because they are cowards. They will drive till the wheels fall off then try to blame the other guy. That mentality has passed on to the people who are deeply invested in the team politics. Link to comment Share on other sites More sharing options...
MLD Woody Posted July 18, 2018 Report Share Posted July 18, 2018 19 minutes ago, Canton Dawg said: I KNOW the difference, take a peek at the sea of red below. . . 1) Why pictures and no links? 2) You say you know the difference but you fooled me in your initial post. Because $1T was not "added to the deficit". Link to comment Share on other sites More sharing options...
calfoxwc Posted July 18, 2018 Report Share Posted July 18, 2018 Link to comment Share on other sites More sharing options...
Canton Dawg Posted July 18, 2018 Report Share Posted July 18, 2018 4 hours ago, LogicIsForSquares said: Has Trump done anything wrong ever? No reply about Hillary or Obama. They sucked too. Trump has done plenty wrong, but when the Obama groupies want to Bitch about the deficit...nobody can hold a candle to Barry. Link to comment Share on other sites More sharing options...
Canton Dawg Posted July 18, 2018 Report Share Posted July 18, 2018 4 hours ago, MLD Woody said: 1) Why pictures and no links? 2) You say you know the difference but you fooled me in your initial post. Because $1T was not "added to the deficit". 1) Why provide a link when you’ll just dismiss it anyway? 2) $1 trillion was sarcasm, it doesn’t carry across in a post very well. Link to comment Share on other sites More sharing options...
MLD Woody Posted July 18, 2018 Report Share Posted July 18, 2018 23 minutes ago, Canton Dawg said: 1) Why provide a link when you’ll just dismiss it anyway? 2) $1 trillion was sarcasm, it doesn’t carry across in a post very well. 1) You seem to be very defensive about your source... 2) Based on the context of the thread before your post, and the phrasing in your post, it really doesn't sound like sarcasm. But if you say so, then ok Link to comment Share on other sites More sharing options...
calfoxwc Posted July 18, 2018 Report Share Posted July 18, 2018 woodpecker rarely gets the meaning of any post. seriously. Link to comment Share on other sites More sharing options...
LogicIsForSquares Posted July 19, 2018 Report Share Posted July 19, 2018 4 hours ago, Canton Dawg said: Trump has done plenty wrong, but when the Obama groupies want to Bitch about the deficit...nobody can hold a candle to Barry. So Obama talk again? Already established he sucks. Link to comment Share on other sites More sharing options...
calfoxwc Posted July 19, 2018 Report Share Posted July 19, 2018 yeah, but obaMao was a commie-mentored, socialist professor favoring, radical leftwing racist sombeitch who wanted to undermine who we are as a free country. Trump is not perfect, but he wants to MAGA. Link to comment Share on other sites More sharing options...
MLD Woody Posted July 19, 2018 Report Share Posted July 19, 2018 18 minutes ago, calfoxwc said: Trump is not perfect, but he wants to MAGA. Ew. I mean, we all do. But he can do that in private. I don't need to know about it. Link to comment Share on other sites More sharing options...
calfoxwc Posted July 19, 2018 Report Share Posted July 19, 2018 learn something woodypeckerhead. Link to comment Share on other sites More sharing options...
LogicIsForSquares Posted July 19, 2018 Report Share Posted July 19, 2018 1 hour ago, calfoxwc said: Trump is not perfect, but he wants to MAGA. Every president has probably thought they were making things better. I doubt any of them go into it thinking they are gonna screw things up. I have a load of doubts about Trump. He is pro 2A which is one of the few things I can align with the guy on. Everything else is a circus. I can’t stand a thin skinned cry baby. Link to comment Share on other sites More sharing options...
Canton Dawg Posted July 19, 2018 Report Share Posted July 19, 2018 12 hours ago, LogicIsForSquares said: So Obama talk again? Already established he sucks. Well when you're referring to fiscal incompetence, Obama IS the benchmark. Establishing a president that sucks has been pretty much the norm during my lifetime. There were a couple that were worse than Obama that come to mind, like Jimmy Carter, and Gerald Ford. Link to comment Share on other sites More sharing options...
Westside Steve Posted July 19, 2018 Report Share Posted July 19, 2018 21 hours ago, LogicIsForSquares said: Has Trump done anything wrong ever? No reply about Hillary or Obama. They sucked too. Actually policy-wise I don't see much problem. If the Republicans could hold together like the Democrats I think we'd be further along. On the other hand he is something of an a-hole. Of course no matter what he says, does or proposes it's going to go through the Beltline of the mainstream media and come out smelling like shite. Which of the policies or policy proposals do you find to be troubling? Tax cuts? Deregulation? Crackdown on illegal immigration? Support of the Second Amendment? Personally I don't like the budget compromise but imagine that he'd held firm and we close down the government. Imagine The Wailing and gnashing of teeth then. WSS Link to comment Share on other sites More sharing options...
LogicIsForSquares Posted July 19, 2018 Report Share Posted July 19, 2018 42 minutes ago, Westside Steve said: Actually policy-wise I don't see much problem. If the Republicans could hold together like the Democrats I think we'd be further along. On the other hand he is something of an a-hole. Of course no matter what he says, does or proposes it's going to go through the Beltline of the mainstream media and come out smelling like shite. Which of the policies or policy proposals do you find to be troubling? Tax cuts? Deregulation? Crackdown on illegal immigration? Support of the Second Amendment? Personally I don't like the budget compromise but imagine that he'd held firm and we close down the government. Imagine The Wailing and gnashing of teeth then. WSS No president is going to do what needs to be done on the budget so they are all guilty in that regard. He talked a big game but just cut taxes and didn’t do anything to try and tighten the belt. So less money is coming in and the money going out stayed the same. Tax cuts personally are nice for the short term but I am in my 30s. At some point, my generation will get left holding the bag of dog Sheet. The border wall has been one giant joke. Trump lacks any sense so he blabbed that horse crap about the Mexicans being the one who will pay for it because he knew the price tag would be absurd. Well, there was no chance of Mexico paying for that. Sell the idea of the tax payer funded wall. Don’t tell Paul Bunyan tall tales to try and get the public to be on board. This cowering in front of Putin then trying to squirm out of having done it is just the latest gripe I have with the guy. Before the usual suspects go “buh buh Hillary/Obama”, they were awful too. The American public got two garbage candidates to choose from. Everyone should have had to hold their nose. That doesn’t mean the least stinky dumpster all of a sudden became something other than a stinky dumpster. That last part isn’t directed at you, Steve. You are generally pretty pragmatic. I just hate the current cult mentality that American politics is going through. Link to comment Share on other sites More sharing options...
LogicIsForSquares Posted July 19, 2018 Report Share Posted July 19, 2018 1 hour ago, Canton Dawg said: Well when you're referring to fiscal incompetence, Obama IS the benchmark. Establishing a president that sucks has been pretty much the norm during my lifetime. There were a couple that were worse than Obama that come to mind, like Jimmy Carter, and Gerald Ford. That doesn’t absolve the current President from taking shots because another President did a terrible job. Accountability shouldn’t take a day off. Link to comment Share on other sites More sharing options...
Westside Steve Posted July 19, 2018 Report Share Posted July 19, 2018 10 minutes ago, LogicIsForSquares said: No president is going to do what needs to be done on the budget so they are all guilty in that regard. He talked a big game but just cut taxes and didn’t do anything to try and tighten the belt. So less money is coming in and the money going out stayed the same. Tax cuts personally are nice for the short term but I am in my 30s. At some point, my generation will get left holding the bag of dog Sheet. that's a fact and I said as much. More than him though I blame the Republican Congress who could have held firm and forced necessary change at the beginning of the administration. By then the Democrats and the lefties would have had a long time to bitch and their message would have evaporated The border wall has been one giant joke. Trump lacks any sense so he blabbed that horse crap about the Mexicans being the one who will pay for it because he knew the price tag would be absurd. Well, there was no chance of Mexico paying for that. Sell the idea of the tax payer funded wall. Don’t tell Paul Bunyan tall tales to try and get the public to be on board. I've said before I think the border wall is a stupid idea but I've also said that I believe it's a chip to be played rather than something somebody really believes in. Kind of like the Star Wars program forcing the rusty to build up their defenses against something we never really thought it was going to work. This cowering in front of Putin then trying to squirm out of having done it is just the latest gripe I have with the guy. and I don't think there was any cowering in front of Putin. As I've said before when Trump is bombastic people bitch. When he's not bombastic now people bitch. I've stated my opinion on the so-called Russian meddling. We have been harsher toward the Russians that any previous administration at people are mad because Trump didn't flipp Putin the bird. Before the usual suspects go “buh buh Hillary/Obama”, they were awful too. The American public got two garbage candidates to choose from. Everyone should have had to hold their nose. That doesn’t mean the least stinky dumpster all of a sudden became something other than a stinky dumpster. yes of course everybody does it but that's the reason I'm pissed about the budget. They had a chance and they blew it. there will probably never be a three-point power play again. That last part isn’t directed at you, Steve. You are generally pretty pragmatic. I just hate the current cult mentality that American politics is going through. unfortunately I wouldn't predict it was going to get any better in the future. The sides hate each other, to an extent not seen since the Nixon Administration. WSS Link to comment Share on other sites More sharing options...
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