Apparently Republicans no longer care about the deficit.

By |2019-03-06T11:07:57-08:00March 7th, 2019|Categories: News|Tags: , , , |10 Comments

(At least not until the Democrats are back in the White House of course.) 

Courtesy of WaPo:

The federal budget deficit ballooned rapidly in the first four months of the fiscal year amid falling tax revenue and higher spending, the Treasury Department said Tuesday, posing a new challenge for the White House and Congress as they prepare for a number of budget battles.

The deficit grew 77 percent in the first four months of fiscal 2019 compared with the same period one year before, Treasury said.

The total deficit for the four-month period was $310 billion, Treasury said, up from $176 billion for the same period one year earlier.

“It’s big tax cuts combined with big increases in spending when they already had big deficits,” said former Senate Budget Committee chairman Kent Conrad (D-N.D.). “So guess what, it’s craziness!”

Tax revenue for October 2018 through January 2019 fell $19 billion, or 2 percent, Treasury said. It noted a major reduction in corporate tax payments over the first four months of the fiscal year, falling close to 25 percent, or $17 billion.

As part of the 2017 tax cut law, the tax rate paid by corporations was lowered from 35 percent to 21 percent.

Spending, meanwhile, increased 9 percent over the same period.

You know I am old enough to remember when the Republicans were constantly attacking President Obama over the deficit, saying that he was going to “bankrupt the country.”

Of course when Obama was spending it was to save the economy and provide health care for more Americans. 

This time the reason is that Trump wanted to give a tax break to his friends and increase military spending to placate his base. 

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10 Comments

  1. Anonymous March 7, 2019 at 7:09 am

    There’s a Simpson episode where Lisa Simpson dressed alot like Hillary Clinton comes in after Trump’s term to clean up his mess. They say that the Simpsons sometimes predicts real life things like Trump coming down the elevator to announce his candidacy. If so, we should expect the next president to do this right? It better be a democrat too because it seems that that’s been the pattern. Another four years of Trump will break this country economically. But it would set his so called base on their heels because realistically they are the ones who will feel the crunch in their pockets. But those folks have been spoiling for a fight for a long time. Time for them to see a fight never won things. Only loss can be predicted but hey sometimes people don’t learn and they have to feel it through their pockets. Let the games begin.

  2. Beaglemom March 7, 2019 at 7:35 am

    Paul Ryan even said so during the 2016 campaign. The debt, deficit and all other negatives are only important to Republicans when Democrats are in charge. The the GOP has control, everything’s on sale because they have never been able to run the country successfully. The Democrats get called in to save the day and then, when things are going well, they get thrown out. This cycle has repeated itself again and again. The electorate does not ever hold Republicans responsible for the messes they create for more than a year, two at the most.

  3. $BM March 7, 2019 at 7:40 am

    “Pelosi tried to defuse the situation Wednesday at the caucus meeting by telling members they have “some internal issues” and that she was trying to increase communication so everyone feels like they’re on the same page.

    But she also told members that the the best advice she had ever received in CONgress was to not question the motivations of your colleagues.
    “You can disagree wholeheartedly, but do not question their patriotism or their loyalty to our country in any way. And that holds for the Republicans as well,” <REALLY?
    Pelosi said, according to prepared remarks obtained by HuffPost."

    https://www.huffpost.com/entry/democrats-ilhan-omar-vote_n_5c80434be4b0e62f69e98d7f

  4. anonymous March 7, 2019 at 8:01 am

    Watch & Hear This>
    2018 Nobel Laureate in Economics Paul Romer discusses the U.S./China trade war, the future of the global economy, and the work that won him the Nobel.

    https://www.cnn.com/videos/tv/2019/03/06/amanpour-paul-romer.cnn

  5. Trump is a pos March 7, 2019 at 9:40 am

    Best rule of life. Never write anything you would want a person you’re talking about to see or that you’d want your kids to see.

    I feel like trump could’ve used this lesson. Lol

    Example. Bristol ended up being able to read all Sunny’s private Facebook messages and was vindicated I’m having distrust and protecting her son from the nastymouthed lying blonde.

    • Beaglemom March 7, 2019 at 11:46 am

      “I’m having distrust” – can no one under the age of 30 speak or write the English language anymore?

      • Anonymous March 7, 2019 at 1:24 pm

        can no one under the age of 30 speak or write the English language anymore?
        ====================================
        I wouldn’t judge all those under 30 by the example set by the bristol troll.

        is this the stalker that bristol has put the bounty on?

        • Let's go hunting bitches March 7, 2019 at 5:52 pm

          Bounty? That’s premeditated murder bitch. Sound of a gun loading. Here kitty kitty.

Comments are closed.