Economy 53,076 Posted October 30, 2017 Share Posted October 30, 2017 https://www.google.ca/amp/s/www.cnbc.com/amp/2017/10/27/the-only-thing-growing-faster-than-the-economy-is-our-deficit.html Even with an alright Economy and even without a recession, US deficits are projected to hit $1 Trillion annually again in as little as 3-4 years The main Culprit is rising social security costs and medicare costs as a result of aging population as well as higher Military spending The tax cuts Trump proposes would further hurt the situation Link to post Share on other sites More sharing options...
DeleteMyAccount 11,881 Posted October 30, 2017 Share Posted October 30, 2017 Good thing Trump is here to save us all. Link to post Share on other sites More sharing options...
JazzGa 14,654 Posted October 30, 2017 Share Posted October 30, 2017 You can't keep cutting funding to everything and then complain that the government's programs don't work right It's so obvious that the only goal of Trump and his administration is to find a way for Trump and his friends to get more $$$ for their own bank accounts, regardless of what that does to the American people. Democrats who support successful government programs should hate these proposals. Republicans who want to lessen the national debt should hate these proposals. My old cat is a tough man, but i cant deny the way he bites my hand and he stabs me, he grabs me by my heart <3 Link to post Share on other sites More sharing options...
Eighteen 5,430 Posted October 30, 2017 Share Posted October 30, 2017 the hypocrisy of the republican party shines again with this one. fiscal conservatives during the obama years, cutting taxes and raising spending under trump, a complete 180 Link to post Share on other sites More sharing options...
Envi 765 Posted October 30, 2017 Share Posted October 30, 2017 Isn't this normal (or not) with every country, rising deficits? and how much of these are inflated? ♫ ♫ ♫ ♫ ♫ ♫ Link to post Share on other sites More sharing options...
DeanWinchester 41,390 Posted October 30, 2017 Share Posted October 30, 2017 By "returning" i thought returning as revenue. Boy was i so wrong Flyin' like a 1000 Doves Link to post Share on other sites More sharing options...
Economy 53,076 Posted October 30, 2017 Author Share Posted October 30, 2017 55 minutes ago, Envi said: Isn't this normal (or not) with every country, rising deficits? and how much of these are inflated? Depends. Some Nations like In Europe after crisis have shrunk deficits a lot Here in Canada our Surpluses ended in 2009 after recession but have shrunk since then to less than 1% of GDP Link to post Share on other sites More sharing options...
Economy 53,076 Posted October 30, 2017 Author Share Posted October 30, 2017 1 hour ago, Eighteen said: the hypocrisy of the republican party shines again with this one. fiscal conservatives during the obama years, cutting taxes and raising spending under trump, a complete 180 Thats Politics for u tho Here in Canada the Liberals roasted the Conservatives so bad in 2008/2009 for ending the budget Surpluses and starting to run Deficits to stimulate economy Now that the Liberals are in Power, the Liberals increased the deficit on purpose when the economy is doing much better. The deficit is still small below 1% of GDp, but they deliberately increased the deficit from almost balanced to $20 Billion! So now its the Conservatives who complain about the same thing that the Liberals complained about then Both doing it while in Power, both complained while in opposition Link to post Share on other sites More sharing options...
Eighteen 5,430 Posted October 30, 2017 Share Posted October 30, 2017 21 minutes ago, Economy said: Thats Politics for u tho Here in Canada the Liberals roasted the Conservatives so bad in 2008/2009 for ending the budget Surpluses and starting to run Deficits to stimulate economy Now that the Liberals are in Power, the Liberals increased the deficit on purpose when the economy is doing much better. The deficit is still small below 1% of GDp, but they deliberately increased the deficit from almost balanced to $20 Billion! So now its the Conservatives who complain about the same thing that the Liberals complained about then Both doing it while in Power, both complained while in opposition republicans in the US are on a much lower level considering during a dire economic emergency (2008/9) they did everything in their power to foil plans to stimulate a crumbling US economy. not to mention what's going on now (for example in puerto rico) where conservatives literally leave their own people to die Link to post Share on other sites More sharing options...
Envi 765 Posted October 30, 2017 Share Posted October 30, 2017 38 minutes ago, Economy said: Depends. Some Nations like In Europe after crisis have shrunk deficits a lot Here in Canada our Surpluses ended in 2009 after recession but have shrunk since then to less than 1% of GDP Many European countries have smaller population size compare to U.S.. and U.S. gets relatively higher revenue so high expenses are expected ♫ ♫ ♫ ♫ ♫ ♫ Link to post Share on other sites More sharing options...
Economy 53,076 Posted October 30, 2017 Author Share Posted October 30, 2017 20 minutes ago, Envi said: Many European countries have smaller population size compare to U.S.. and U.S. gets relatively higher revenue so high expenses are expected I was talking about the fact that they were shrinking. Not how high the were in total also many if these Nations have gotten their deficits below 3% of GDP which the US struggling to do Link to post Share on other sites More sharing options...
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