Discussion: Era Of Trillion-Dollar Budget Deficits Is Making A Comeback

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“Republicans for years have made all of these bold promises to rein in spending,” said Brian Riedl, a budget analyst at the conservative Manhattan Institute. “And they’re doing the opposite.”

Just what is new, REPUG have always done the opposite of their rhetoric.

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House Budget Committee Chairman Steve Womack, R-Ark., told reporters at a GOP retreat that he is considering abandoning the chamber’s traditional pursuit of a budget resolution this year. […] Womack said he might instead focus his efforts on unspecified changes to Washington’s budget process.

Great!

What could possibly go wrong?

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Repubs were against deficit spending before they were for it.

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These are the same BORROW AND SPEND RED INK Republicans who whine about Tax and Spend Democrats.

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You had Red Ink Ronnie triple the National Debt, Old Man Bush doubled it, Dumbya outdid both of them in the Red Ink.

Clinton balanced the budget, and Rush Limbaugh roasted him for doing that saying that he was taking too much money away from working people.

Obama cut the red ink down yet all you heard from FAUX AND FIENDS were lies that he ran out of control deficits.

I got a feeling the rest of the world is getting sick and tired of our irresponsibility and they will show it by dumping the dollar as the world’s reserve currency, dumping American stocks and Treasury notes.

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I cannot tell you how glad I am that the party of fiscal responsibility has control of all 3 branches of government.

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This current crop of Republicans is the most hypocritical and disingenuous Congress in U.S. history.

Their good old “fiscal responsibility” ship has wrecked on the Trump rocks just like their “moral majority” myth.

They used those very lies to gather in their voting majority in the first place. Yet as soon as they rule wholly, they abandon their old premises and adopt the very policies they once vociferously condemned.

It really has come to an historic head.

How can so many Republican rank and file be so ignorant of the reality surrounding them? I still blame FOX.

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Back in 2008-2009 my brother, the staunch Republican, used to beat me to death with “trillion dollar deficits as far as the eye could see.” He better not talk to me about deficits ever again.

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The increase in military spending is a must. After all we have to be prepared for the next unnecessary war.

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That is because they serve two masters with polar opposite interests.

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No surprise here - this is what happens every time the GOP is in power. And then when the pendulum swings to the Dems, the GOP bludgeons them with the high deficit.

I’d say the above was a brilliant, if devious, scheme, except that the trump era has shown the GOP to be anything but brilliant.

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The Republican way.

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…and why is THAT? Could it be because the Cons are in charge and they truly don’t give 5 shts about what they said BEFORE? They are so convinced their ‘base’ will believe whatever is said in the last 5 minutes that nothing else matters.

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It’s an AP story. So nothing in it about how social spending, y’know, saves and improves the lives of US citizens while military spending does nothing of the sort. Or even a quick aside that maybe that $1.5 trillion tax cut might not have been such a good idea.

There’s even some whining about how the process has to be bipartisan, without any explanation that the GOP blew their reconciliation chances on other attempts to tear down the country.

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I’ve always liked Ike:

“Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children. The cost of one modern heavy bomber is this: a modern brick school in more than 30 cities. It is two electric power plants, each serving a town of 60,000 population. It is two fine, fully equipped hospitals. It is some fifty miles of concrete pavement. We pay for a single fighter plane with a half million bushels of wheat. We pay for a single destroyer with new homes that could have housed more than 8,000 people. This is, I repeat, the best way of life to be found on the road the world has been taking. This is not a way of life at all, in any true sense. Under the cloud of threatening war, it is humanity hanging from a cross of iron. […] Is there no other way the world may live?”

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This is going to be a mess. It is going to be way worse than the mess George Bush the Dumber left us with. The only folks who are going to be laughing their way to the bank are the kleptocrats, robber barons and the vulture capitalists. Why aren’t the Democrats talking about deficits?

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They are only against it when there is a Democrat in the White House. Silly, IOKIYAAR always applies!

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One of the causes of the falling stock market is concern over rising interest rates. Guess what, one of the biggest reasons for rising interest rates is “trillion dollar deficits as far as the eye can see.” We can truly say that the Obama era has ended and we are now into the wild and wacky economy of Donald J. Trump. Buckle up, this could be a bumpy ride.

Next we are going to hear Paul Ryan say we have to cut social security and medicare payments to balance the budget.

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Unfortunately here in East TN that seems to be the standard line. I hear everyday how well The Dumpster is doing and how pleased they are that they voted for him.

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