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JoyinMudville

Trump Abandons Pledge to Eliminate Deficit

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President Trump on Monday will offer a budget plan that falls far short of eliminating the government’s deficit over 10 years, conceding that huge tax cuts and new spending increases make this goal unattainable, three people familiar with the proposal said.

Eliminating the budget deficit over 10 years has been a North Star for the Republican Party for several decades, and GOP lawmakers took the government to the brink of default in 2011 when they demanded a vote on a amendment to the Constitution that would prohibit the federal government from spending more than it takes in through revenues.

The government ran a deficit of $666 billion in 2017. The deficit in 2019 is expected to eclipse $1.1 trillion, in part because of measures put into place since Trump took office.

In June, the Congressional Budget Office projected the U.S. government would run deficits of roughly $10 trillion over the next decade. Since that report, Congress passed a tax cut law that is projected to add at least $1 trillion to the debt over 10 years, and last week Congress agreed on roughly $500 billion in new spending measures over the next two years.

https://www.washingtonpost.com/news/business/wp/2018/02/11/in-big-reversal-new-trump-budget-will-give-up-on-longtime-republican-goal-of-eliminating-deficit/?hpid=hp_no-name_no-name%3Apage%2Fbreaking-news-bar&utm_term=.1c10292afd7b

Remember when in April 2016, Trump said he would eliminate the debt in 8 years. Trump chumps suckered again.

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No surprise, I've posted on here a hundred times trump isn't a conservative......

Never has been, made his money as an urban democratic with tax breaks and government give aways ......

Infrastructure spend is a democrat dream.....

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15 minutes ago, soulflower said:

Crickets from the Tea Party Patriots

Honestly, they are so far down the road of hypocrisy what is there to say?  As long as he keeps blowing dog whistles and attacking immigrants and many dark minorities his support is solid.

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2 hours ago, Eastside Terp said:

No surprise, I've posted on here a hundred times trump isn't a conservative......

Never has been, made his money as an urban democratic with tax breaks and government give aways ......

Infrastructure spend is a democrat dream.....

The sad truth is our Congress is enabling Donny's impulses. Complete lack of fiscal responsibility. The logical conclusion is the U.S. government will be forced to renege on Social Security and Medicare. That is the beginning of the end. 

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4 hours ago, Eastside Terp said:

 

Infrastructure spend is a democrat dream.....

You don’t think we should repair and update an aging infrastructure?

parts of our power grid date back to 50s

we have water systems that are older and still have lead pipes

We have numerous bridges that are in critical states of disrepair

levees that are old and a hazard

the list goes on

 

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9 hours ago, Eastside Terp said:

No surprise, I've posted on here a hundred times trump isn't a conservative......

Never has been, made his money as an urban democratic with tax breaks and government give aways ......

Infrastructure spend is a democrat dream.....

And those that campaign as conservatives aren't conservative either.  They pretend a little when there's a Democrat in the WH.

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9 hours ago, Eastside Terp said:

No surprise, I've posted on here a hundred times trump isn't a conservative......

Never has been, made his money as an urban democratic with tax breaks and government give aways ......

Infrastructure spend is a democrat dream.....

trump isn't a Dem either... trump's only ideology is trump.... trump only cares about trump.. period

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4 hours ago, JoyinMudville said:

You don’t think we should repair and update an aging infrastructure?

parts of our power grid date back to 50s

we have water systems that are older and still have lead pipes

We have numerous bridges that are in critical states of disrepair

levees that are old and a hazard

the list goes on

 

oh whatever you bleeding heart you :lol: 

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9 hours ago, Eastside Terp said:

No surprise, I've posted on here a hundred times trump isn't a conservative......

Just look at all the so-called conservatives who voted for the budget-busting tax bill. Conservatives are fine with blowing up the deficit as long as it's done with their priorities (primarily tax cuts and defense spending).

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8 hours ago, FatBoy said:

The sad truth is our Congress is enabling Donny's impulses. Complete lack of fiscal responsibility. The logical conclusion is the U.S. government will be forced to renege on Social Security and Medicare. That is the beginning of the end. 

Yep, the phony repubs are worse them the dems .....

At least the dems don't pretend they care about controlling spending ....

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Only Republican legislator who voted against the tax reform bill because it would blow up the deficit: Walter Jones of North Carolina.

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A bunch of them voted against the recent spending deal though. Ryan needed Democrats to pass that.

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The Tea Party revolution started in February 2009 within one month of Obama's swearing in.  Numerous so called Patriots were elected to the Congress.  One year after Trump they have mostly been self neutered.  Now, like lemmings, their voices have been silenced.  Their votes have gone to hasten the fiscal destruction of the United States.

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20 hours ago, JoyinMudville said:

Hey but ......he is erasing the legacy of that black President.

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