Spending like drunken, conservative sailors

imaginethat

Forum Staff
Oct 2010
63,168
24,681
Colorado
#1
The party of fiscal responsibility. Of family values. Of the Moral Majority. Of conservatism. For a balanced budget.......

Years of red ink ahead for the federal budget thanks to GOP tax law

A decade of red ink is on the way for the federal budget, in large part because of the GOP tax law enacted in the first year of the Trump presidency, a congressional scorekeeper forecast Monday

The Congressional Budget Office estimates that the U.S. federal budget deficit will blow past $1 trillion within two years, hitting that mark for the first since time since 2012.

Legislation passed by the GOP-led Congress — including last month’s mammoth spending bill — will push up the cumulative deficit over a decade by $1.6 trillion compared with the CBO’s last estimate in June 2017.

The nonpartisan CBO estimates that the GOP tax law alone will add $1.852 trillion to the deficit over a decade, after accounting for the expected short-term boost to the economy.

The U.S. is now projected to hit the $1 trillion deficit mark two years ahead of previous estimates.

The CBO had projected in June that the federal deficit wouldn’t cross that threshold until fiscal 2022.
 
Likes: 1 person
Dec 2012
19,423
8,312
California
#3
An "Omnibus bill" is a joke. It underlines the uselessness of this Congress. Laziness, cowardice, and corruption are at the forefront. This is the result of the permanent political class that has only one objective, and that objective is power.
 
Likes: 1 person
Jun 2013
28,648
15,219
Ohio
#5
Is that the group the Liberals were calling every degrading thing they could think of to marginalize them? They got marginalized. The Liberals got what they wanted. How do you like the results?
How pathetic. Republicans control the White House, Senate and House. Yet you place the blame on Democrats. So much for that “personal responsibility” thingy. That has gone by the wayside like tha “Party of family values” thingy. The right wing is a totally phony proposition.....LOL
 
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Nov 2012
5,269
3,162
Kekistan
#6
I agree that Trump should have let the government shut down and the Republicans should have held fast in the Senate. They did not. But, as you know, or apparently many do not know, you can not budget with a simple majority. Therefore both parties are to blame

The reality is that each year Congress is supposed to pass 12 separate spending bills, not one big "omnibus" bill, that provide funding to specific agencies and programs within the limits set by the annual budget resolution. Each of those 12 bills is supposed to get a hearing, then a subcommittee markup where the bill can be amended line by line, and then a full committee markup before it finally comes before the House or Senate, where it can then be amended again. That is called"regular order," and it is months long process that allows everyone time to read, understand, and get a vote on changes they want made to each bill.

The House did that. The Senate on the other hand did not. It takes 60 votes in the Senate. The Republicans have a slight majority with 51. The bottom line is that both parties in the Senate failed the American people. That is why we ended up with this pork omnibus bill that President Trump vowed (we will see) to never sign again.
http://defendingthetruth.com/current-events/65362-new-balanced-budget-amendment.html#post1155069
 
Jun 2013
28,648
15,219
Ohio
#7
I agree that Trump should have let the government shut down and the Republicans should have held fast in the Senate. They did not. But, as you know, or apparently many do not know, you can not budget with a simple majority. Therefore both parties are to blame



http://defendingthetruth.com/current-events/65362-new-balanced-budget-amendment.html#post1155069
The government is run by the Republican Party. They control the budgeting process. They decided to drop a 2200 page omnibus bill on members the night before the vote. They merely pay lip service to a balance budget amendment. They always spend like drunken sailors when they are in charge. Only suckers ignorant of history fall for their crap.
 
Apr 2013
33,773
22,903
Left coast
#9
The government is run by the Republican Party. They control the budgeting process. They decided to drop a 2200 page omnibus bill on members the night before the vote. They merely pay lip service to a balance budget amendment. They always spend like drunken sailors when they are in charge. Only suckers ignorant of history fall for their crap.
The party of free enterprise, small government and laissez faire, so we get tariffs and now they are resurrecting the subsidizing of coal and nuke plants in the midwest.

Total hypocrites.
 
Likes: 1 person
Nov 2012
5,269
3,162
Kekistan
#10
The government is run by the Republican Party. They control the budgeting process. They decided to drop a 2200 page omnibus bill on members the night before the vote. They merely pay lip service to a balance budget amendment. They always spend like drunken sailors when they are in charge. Only suckers ignorant of history fall for their crap.
The party of free enterprise, small government and laissez faire, so we get tariffs and now they are resurrecting the subsidizing of coal and nuke plants in the midwest.

Total hypocrites.
I cant help it you both are to ignorant to understand basic US Civics
 
Likes: 1 person