The Pardu

The Pardu
Watchful eyes and ears feed the brain, thus nourishing the brain cells.
Showing posts with label 17% Deficit Increase. Show all posts
Showing posts with label 17% Deficit Increase. Show all posts

Wednesday, October 17, 2018

US Deficit Increased By 17% Over 2017



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Yesterday we posted a short piece about the White House and the CBO's recent revelations of a 17% increase in the US deficit. That is a 17% increase over last year's Deficit increase. the nation went from $666 billion deficit in 2017 to a $770 billion deficit in FY 2018.


Here is what perspective looks like. From Obama to Trump and a hefty tax cut for the nations wealthy.

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Of course, you recall the many on-camera appearances of Paul Ryan, Trump and McConnell as well as other GOP politicos speaking about how the wealthy American tax cut would not increase the Deficit. Did you actually believe them?

Since you are reading this post vs speaking with a person, it is OK, to honestly consider your faith in (pre-tax cut) GOP rhetoric as the party works to legislate for its constituency (not me and you).  

Well, Democrat Chuck Schumer's Twitter page addresses the rhetoric of which you may have bought into.  
Is there any veracity at the inner core of the GOP?  

The question is rhetorical.

And, the ultimate Trump/Ryan/McConnell victims?  The poor according to Forbes.

On another front, it appears we have another permanent ward of the state who fought to force you to work past age 70.


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YOUR GOP!

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Tuesday, October 16, 2018

As Trump 's World Turns: 17% US Deficit Increase From The Fiscally Conservative GOP





Thanks To The Trump Economic Team


The US Deficit hit the $779 billion mark at the end of last month; the end of 2018 Fiscal Year. The 2018 deficit is the largest deficit in the past six years. The increase represents a 17% jump of last year's deficit of $666 billion.

The New York Times
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There is an interesting set of trends lines associated with the chart. When did Barack Obama serve as US President and when did he leave office?  The questions are rhetorical.

The Committee for Responsible Federal Budget

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A deeper historical review of the US Deficit.

US Federal Deficit by Year - plus charts and analysis - US Government ...\



A point made and reinforced. Any perception you may have held about the GOP and fiscal conservatism is as ridiculous as the GOP claiming it isn't the party of growing US Nazism and white supremacy. 

Should we expect the deficit under Trump and his economic cabal to reach $1 trillion in 2019 or 2020? Before you take a guess to know that the both the White House and the Congressional Budget Office says, "yes" we; we are looking at a trillion dollar deficit.  

NPR also published a piece on Trump's Deficit spending in relation to his and Paul Ryan's Tax cuts for the wealthy.

MSNBC's Ali Velshi also broadcast a segment on Trump's Deficit.

The real horror in the Deficit report is based on economic trends. The Deficit has a history of shrinking during economic booms.  Barack Obama left Trump a vibrant economy which Trump and his team haven't yet managed to collapse. The GOP tax cut for the wealthy is playing havoc on the Deficit while we, as citizens, are scurrying around with Trump's daily lies. silliness and outright baby-like behavior.

As you consider the reality of the US Deficit blowing up like a hydrogen bomb the Senate leader has the gall to point to government spending without any acknowledgment of their wealthy Americans tax cut. These people really do consider US citizens suckers.

McConnell and the Washington Post
McConnell calls deficit ‘very disturbing,’ blames federal spending, dismisses criticism of tax cut

No, the GOP isn't the purveyor of fiscal conservatism. If you continue to believe it is such you are maybe blind, suffer from chronic hearing disease and, or you are a Fox News viewer.
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