GOP loves to spend $$$

[church mouse guy]

The GOP has shown their true colors and just another bunch of big spenders. They are making no effort to reduce spending but actually are increasing it, relying on deficit spending until the end of time.

Please, Republicans, stop the pretense that you are going to do something about debt and spending. It is your Achilles heel, and it will bring you down.

'It’s a disgrace.

'The worst part? The Republican party pretends to care about fiscal responsibility but when given the power of the purse strings, they just take taxpayer money and send it in their favored direction.'

Can We All End the Charade That Republicans Care About the Debt/Deficit?

 

[FollowTheWay]

The GOP has shown their true colors and just another bunch of big spenders. They are making no effort to reduce spending but actually are increasing it, relying on deficit spending until the end of time.

Please, Republicans, stop the pretense that you are going to do something about debt and spending. It is your Achilles heel, and it will bring you down.

'It’s a disgrace.

'The worst part? The Republican party pretends to care about fiscal responsibility but when given the power of the purse strings, they just take taxpayer money and send it in their favored direction.'

Can We All End the Charade That Republicans Care About the Debt/Deficit?

Sadly, though they only want to spend money and create large future deficits to fund the bloated military which already can't account for trillions of dollars allocated to them and to give large tax breaks to the rich. They do not want to spend to provide food and medical care for the needy and senior citizens.

 

[InTheLight]

They kept their campaign promise and defunded Planned Parenthood, right?

Right?

Oh...I see.

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[InTheLight]

Federal budget deficit had been brought down to $430 billion over the Obama years largely through Republican attempts to lower spending. And through the automatic cuts via the spending sequester. The deficit was supposed to be $690 billion this year.

The new budget passed yesterday will balloon the deficit back up to $1 trillion+ a year and that's not even counting the upcoming infrastructure bill and the unknown end results of the tax cuts.

The military got more money than Trump had called for. (Yes, I know they desperately needed to upgrade many systems, and should have gotten some increased funding.) We all know that giving the military more money than they know what to do with is a recipe for waste.

The Obama stimulus program, which was decried by all Republicans as wasteful spending was over $800 billion spread out over 10 years. No Republicans in the House voted for it and only three Republicans in the Senate were in favor (the usual suspects.)

Under this bill domestic spending gets $600 billion A YEAR for the next two years. The military gets $700 billion A YEAR for the next two years.

This is what happens when politicians horse trade for their preferred projects. I call it waste. They call it bipartisanship.


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[FollowTheWay]

They kept their campaign promise and defunded Planned Parenthood, right?

Right?

Oh...I see.

Sent from my Nexus 7 using Tapatalk

They also passed a tax cut package for the rich which will result in increasing the deficit by $1.5T. But they are fiscally conservative. Right? Wrong.

 

[InTheLight]

They also passed a tax cut package for the rich which will result in increasing the deficit by $1.5T. But they are fiscally conservative. Right? Wrong.

The results of the tax cuts are unknown. The $1.5T number is by leftists with no calculation for increased tax revenues due to growth.

Hilarious that leftists are suddenly concerned with deficits...

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[FollowTheWay]

The results of the tax cuts are unknown. The $1.5T number is by leftists with no calculation for increased tax revenues due to growth.

Hilarious that leftists are suddenly concerned with deficits...

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Trickle down economics never has worked and never will work. It's a lie told to taxpayers.

 

[InTheLight]

Trickle down economics never has worked and never will work. It's a lie told to taxpayers.

We've already been over this a couple of times. Tax revenues increase with tax cuts. You're blinded by your bias.

Sent from my Pixel 2 XL

 

[777]

This new budget is a pratfall of bipartisanship and Trump's solution? Elect more Republicans, and that would only work if you cloned Rand Paul. The GOP didn't even try to defund PP, they're getting half a billion dollars out of this thing.

Obama was never all that on this issue: How Much Did Obama Add to the Nation's Debt?

but I think this boiled down to the old guns (military) and butter (social) thing, and both sides got a lot of guns and a ton of butter. It's really in their best interests to do so, addressing the public debt rarely wins a vote, it is a loser issue to want to cut ANY federal program for austerity reasons. There is just too much incentive for Congress to overspend, Article V may to kick in, this is unsustainable and they all lack foresight.

 

[church mouse guy]

Another problem is that the GOP does not want to go to majority rule in the Senate on budget matters so that they don't have to appease the Democrats on social issues. We have been running deficits since 1932, so how likely is it that the federal debt can ever be paid off? The GOP is now ruled by big spenders. Aren't we headed into inflation now?

 

[InTheLight]

how likely is it that the federal debt can ever be paid off? The GOP is now ruled by big spenders.

The debt doesn't need to be paid off. It needs to be tamed and gotten under control. The United States is a going concern, it's not like a there is an expiration date on the collecting of taxes to pay for it. Paying down the debt will require running budget surpluses for a good percentage of upcoming years. That's not going to happen in the next two years with this budget.

Aren't we headed into inflation now?

Pretty much. Wages will inevitably increase as the labor market tightens and theoretical full employment is reached. Good workers are going to be valuable because every company will be looking for them. People will be able to move to other jobs and get hefty raises or stay where they are at and demand nice raises.

It certainly doesn't help that the new budget will have the government throwing money around either. Let's hope the Fed knows what they are doing with interest rates. They will be going up. It's a tough balancing act for the Fed and their record isn't the greatest. Plus there is a rookie as the Fed chairman.

 

[church mouse guy]

The GOP is stupid. They have a crooked Democrat investigation of Trump on their hands and Trump will be impeached if the Democrats win the House in November. Meanwhile crooked Obama and Clinton go free.

So what does McConnell do? He refuses to put the budget on majority rule and squanders 131 billion dollars on Democrat domestic waste. What evidence is there that the Democrats care about either morals or fiscal matters? Who wants to live like a big-city Democrat in rat-infested squalor and high crime?