It's Official, Trump Is Now Part Of The Swamp

[Adonia]

President Trump just reached an agreement with the Democrats concerning the raising of spending caps. For the next two years we are locked in and deficit spending will continue on unabated. It will be a 1 trillion spending deficit this year, another trillion next year, and another the following year. Gone is the claim that he would never sign another massive spending bill that increases the deficit. I had such high hopes for him, but he is just another big spender in the mold of Obama.

I don't know how much longer it will take, but we are going down as a nation at some point. We will have been done in by BOTH political parties.

 

[Revmitchell]

He's not part of the swamp. Good grief

 

[HankD]

True he is not - QUESTION - will backdoor earnings overtake front door spending? - only time will tell.

BESIDES we can always - CRANK UP THE TREASURY PRINTING PRESSES.

Because what counts on the international market place is the value of the US dollar PERIOD , DISCUSSION ENDED.

 

[Adonia]

Because what counts on the international market place is the value of the US dollar PERIOD

Of what value is the dollar when it is backed by ever increasing fiscal irresponsibility and debt? This is ridiculous. President Trump said he would do no more bad fiscal deals with the Dems, he lied. I'm sorry, but at this point he is wallowing in the slime with them.

 

[HankD]

Of what value is the dollar when it is backed by ever increasing fiscal irresponsibility and debt? This is ridiculous. President Trump said he would do no more bad fiscal deals with the Dems, he lied. I'm sorry, but at this point he is wallowing in the slime with them.

So what, he is in there to drain it.

 

[HankD]

IMO anybody with a credit card is part of the deficit spending economy.

 

[KenH]

IMO anybody with a credit card is part of the deficit spending economy.

Even those of us who pay off off our balance every month?

 

[Earth Wind and Fire]

Even those of us who pay off off our balance every month?

Wow... is there someone fiscally conservative these days? Go bless you!

 

[KenH]

Wow... is there someone fiscally conservative these days? Go bless you!

When one is retired and on a fixed income, debt is not something to be trifled with.

 

[GoodTidings]

President Trump just reached an agreement with the Democrats concerning the raising of spending caps. For the next two years we are locked in and deficit spending will continue on unabated. It will be a 1 trillion spending deficit this year, another trillion next year, and another the following year. Gone is the claim that he would never sign another massive spending bill that increases the deficit. I had such high hopes for him, but he is just another big spender in the mold of Obama.

I don't know how much longer it will take, but we are going down as a nation at some point. We will have been done in by BOTH political parties.

That doesn't make him part of the swamp. It is not as easy we think it is. Not only that, we don't want another shut down looming this close to an election. Lot's people go up DC with high ideals only to have reality hit them in the face.

I can imagine that up there in the DC beltway, you have to make uncomfortable compromises and even this president is no exception. It's not a matter of being part of the swamp, but they often face bad options. It's not a case of a good option vs. a bad option; rather, it is bad options vs. another bad or even worse option.

 

[Salty]

As I have been saying for years - Every Congressman wants to cut the budge -
EXCEPT for his District.

Did Trump agree to raise the limit - yes
But remember what happened in the past- the Govt was shut down
Sometimes you have to play the game..

I see part of the situation is due to the number of Republicans who oppose Trump.

My recommendation:

When Trump runs for re-election, he should say
that he is going to run on a limited federal budget (with many cuts)
and that those who vote for him should also vote for Congressmen
who will stand behind him -- and that starting with the FY 21 budget
which begins on 1 Oct 20) he will veto any budget that does not call
for needed cuts.
2) The budget should be passed in order of priority of the dept

#1 - Military
#2 - State
#3-Justice
ect , ect

Last one - CONGRESS!

 

[HankD]

Even those of us who pay off off our balance every month?

IMO Yes probably - howbeit not a full commitment to be sure.

Welcome to the club.

 

[KenH]

IMO Yes probably - howbeit not a full commitment to be sure.

We have differing opinions about that, then.

 

[HankD]

We have differing opinions about that, then.

Shred your card and remove all doubt.

 

[KenH]

Shred your card and remove all doubt.

The card is a matter of convenience for me in making payments, especially online. For me it is not an instrument of debt.

 

[InTheLight]

It's concerning that both parties continue to spend like lottery winners in Vegas. Other than Reagan's half-hearted attempt in his first two years there has been no real spending discipline by government in my lifetime. I can only conclude that: a) it doesn't matter how bad our debt gets because we are the world's largest economy, or, b) politicians don't care about the debt, or a combination of the two.

Here's what the new budget deal does to the built-in constraints of the Budget Control Act of 2011, where Congress agreed to budget caps on defense and non-defense spending.

The black line is the original trajectory of spending before the Budget Control Act.
The blue bars are the original budget caps as agreed to in the BCA.
The red bars are how far above the caps Congress has spent, or will spend now that the deal is done.




You can tell when Trump became President. The spending increases in fiscal 2018 (which runs from Oct 2017 to Sep 2018). He just doesn't care about the debt. In fact, his constant harping on the Federal Reserve to lower interest rates is probably tied to his desire to spend $1 Trillion on infrastructure. He wants to lower the cost of borrowing money. Trump is no stranger to borrowing money, that's for sure.

Here's what he said during the campaign regarding his $1 Trillion infrastructure spending program:

 

[GoodTidings]

Congress and previous administrations have allowed problems to sit and get bigger and bigger and bigger. They have always kicked the can down the road and pretty much left it someone else to fix.

Those problems are now very expensive to fix. If infrastructure had been addressed 15-20 years ago, it would have been cheaper to address down the road. You fix problems when they are small and manageable. Now things our country really needs have gotten out of control and it takes a lot of money to fix them.

If you notice a crack in your home's foundation when it is small it will be cheaper to fix than if you let it wait for a year or so and suddenly, you are having cracks in your walls.

The reason Trump needs something like a $1 Trillion for infrastructure now, is because our government has let it get so bad for so long, there is no less expensive fix.

 

[KenH]

The reason Trump needs something like a $1 Trillion for infrastructure now, is because our government has let it get so bad for so long, there is no less expensive fix.

True. Now before the money is spent, either taxes need to be raised or other spending reduced, or a combination of the two, in order to not make our horrible national debt situation even worse.

 

[HankD]

So it has been from the beginning - deficit spending has been the bedrock of our economy even when gold and silver were the international king and queen from our start in 1776 (and before).

In fact i am convinced that the Mueller kangaroo court is simply a smoke screen deflection of the fact that we have spent 1 trillion dollars (Much of which we don't have) still wet coming off the presses for 2020 and a bit beyond,

My Question: SO WHAT?

Internationally the world (including China) is indeed joyful.
Except and apart perhaps from the defense spending (3/4 of a trillion) which has caused not a little discomfort to the uneasy alliance of China, Russia and the nations of the Euphrates.

The most troubling thorn in the flesh IMO to the comrade Vladimir is that he does not know for sure what nasty war toys and their horrifying power that we have in our repertoire inventory of national defense.

yesterday the world beheld the budget of a nation which gave the largest amount of treasure TO DEFENSE and WAR ever seen in history.

Kind of like the PAX ROMANUS - PAX AMERICANUS - DON'T TREAD ON ME!!



not aggressive until provoked (well usually).

 

[KenH]

My Question: SO WHAT?

If the Lord grants you enough time on this earth, you’ll have you’re answer.