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Federal deficit rose to $984B in 2019, highest in 7 years

 
NDFarm

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10/08/2019 06:23 AM
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Federal deficit rose to $984B in 2019, highest in 7 years
And the spending binge continues. Both sides equally to blame.

[link to www.washingtonexaminer.com (secure)]

The federal deficit rose to $984 billion in fiscal year 2019, the Congressional Budget Office estimated on Monday, an increase of $205 billion.

The deficit was 4.7% of gross domestic product, the largest since 2012 and larger for the fourth year in a row. The annual shortfall is also roughly 50% larger than when President Trump took office.
Anonymous Coward
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10/08/2019 06:28 AM
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Re: Federal deficit rose to $984B in 2019, highest in 7 years
oh big deal its all paper and digits on screen who cares .. if it was gold then its a differnt story , if they were spending gold to wards welfare ect then it matters
Anonymous Coward
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10/08/2019 06:28 AM
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Re: Federal deficit rose to $984B in 2019, highest in 7 years
yikes collapse hiding
Anonymous Coward
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10/08/2019 06:30 AM
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Re: Federal deficit rose to $984B in 2019, highest in 7 years
Who is owed the "federal deficit"? The roschild federal reserve who just prints money out of thin air, then charges us interest to use it.

Trust me, we aren't "paying" fiat money back. They're shit out of luck.

US will print a "bill" and pay them back - no harm done to us.
Anonymous Coward
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10/08/2019 06:34 AM
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Re: Federal deficit rose to $984B in 2019, highest in 7 years
Fed keeps printing, so money is nearly worthless. Need more toilet paper to keep the machine moving along. Figures are just arbitrary now.
Anonymous Coward
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10/08/2019 06:38 AM
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Re: Federal deficit rose to $984B in 2019, highest in 7 years
Who is owed the "federal deficit"? The roschild federal reserve who just prints money out of thin air, then charges us interest to use it.

Trust me, we aren't "paying" fiat money back. They're shit out of luck.

US will print a "bill" and pay them back - no harm done to us.
 Quoting: Anonymous Coward 76140145


That's possible.

That scenario also make any cash or US stocks you may have, worthless.
Anonymous Coward
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10/08/2019 06:40 AM
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Re: Federal deficit rose to $984B in 2019, highest in 7 years
Is this what winning feels like?

If so I'm tired of all the winning! Cause it feels dangerously close to losing, bigly!

Know what I'm saying?
NDFarm  (OP)

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10/08/2019 06:44 AM
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Re: Federal deficit rose to $984B in 2019, highest in 7 years
Financial doomsday has been talked about for 30 years and nothing happens so nobody believes it any more. One day it will come if spending isn't brought under control.
Anonymous Coward
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10/08/2019 06:52 AM
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Re: Federal deficit rose to $984B in 2019, highest in 7 years
in a Q and A presser recently, Trump proudly stated that
he has given Two and a Half Trillion Dollars to the Military
since he took office.
DeplorableOldMan

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10/08/2019 06:55 AM
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Re: Federal deficit rose to $984B in 2019, highest in 7 years
And the spending binge continues. Both sides equally to blame.

[link to www.washingtonexaminer.com (secure)]

The federal deficit rose to $984 billion in fiscal year 2019, the Congressional Budget Office estimated on Monday, an increase of $205 billion.

The deficit was 4.7% of gross domestic product, the largest since 2012 and larger for the fourth year in a row. The annual shortfall is also roughly 50% larger than when President Trump took office.
 Quoting: NDFarm


Yup, crush the FED and declare the debt illegal.

Trumpclappa

Maga
DeplorableOldMan
DeplorableOldMan

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10/08/2019 06:57 AM
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Re: Federal deficit rose to $984B in 2019, highest in 7 years
yikes collapse hiding
 Quoting: Anonymous Coward 77159757


That's the plan.

Collapse the old petrodollar system and start a new gold-backed currency that is debt-free and printed by our own sovereign Nation.
DeplorableOldMan
Anonymous Coward
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10/08/2019 07:02 AM
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Re: Federal deficit rose to $984B in 2019, highest in 7 years
Drops in the bucket compared to Obama and trillions added to the national debt. More than all presidents combined actually look it up.
vVVv
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10/08/2019 07:03 AM
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Re: Federal deficit rose to $984B in 2019, highest in 7 years
It’s 180°- D chess where the strategy is to do the exact opposite as pledged

It’s called the PIED PIPER RINO strategy

This time instead of “LOCK HER UP”, this President is going to spend the next 1000 days after re-election pretending like it’s illegal DRAIN HIS CABINET!

I truly am starting to think the only reason the wall is even being built is to prevent us from escaping

TRUST THE PLAN!
vVVv
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10/08/2019 07:04 AM
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Re: Federal deficit rose to $984B in 2019, highest in 7 years
It’s 180°- D chess where the strategy is to do the exact opposite as pledged

It’s called the PIED PIPER RINO strategy

This time instead of “LOCK HER UP”, this President is going to spend the next 1000 days after re-election pretending like it’s illegal to DRAIN HIS CABINET!

I truly am starting to think the only reason the wall is even being built is to prevent us from escaping

TRUST THE PLAN!
Anonymous Coward
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10/08/2019 07:06 AM
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Re: Federal deficit rose to $984B in 2019, highest in 7 years
And the spending binge continues. Both sides equally to blame.

[link to www.washingtonexaminer.com (secure)]

The federal deficit rose to $984 billion in fiscal year 2019, the Congressional Budget Office estimated on Monday, an increase of $205 billion.

The deficit was 4.7% of gross domestic product, the largest since 2012 and larger for the fourth year in a row. The annual shortfall is also roughly 50% larger than when President Trump took office.
 Quoting: NDFarm


The reason the deficit continues to grow is because of the promises politicians make to crony capitalists that fund their campaign and bribe them with bags of money. The insurance and health industry is a big one. The military industrial complex is another. The finance sector is still another.

All these phony capitalists are ponying up to the government trough for contracts and special favors.
NDFarm  (OP)

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10/08/2019 07:07 AM
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Re: Federal deficit rose to $984B in 2019, highest in 7 years
Drops in the bucket compared to Obama and trillions added to the national debt. More than all presidents combined actually look it up.
 Quoting: Crystal palace


Trump will be catching up fast at this rate.
Anonymous Coward
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10/08/2019 07:08 AM
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Re: Federal deficit rose to $984B in 2019, highest in 7 years
oh big deal its all paper and digits on screen who cares .. if it was gold then its a differnt story , if they were spending gold to wards welfare ect then it matters
 Quoting: Anonymous Coward 74007826


Great, hand everyone 200,000 dollars in digital money to their bank account. No big deal.
Anonymous Coward
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10/08/2019 07:08 AM
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Re: Federal deficit rose to $984B in 2019, highest in 7 years
And the spending binge continues. Both sides equally to blame.

[link to www.washingtonexaminer.com (secure)]

The federal deficit rose to $984 billion in fiscal year 2019, the Congressional Budget Office estimated on Monday, an increase of $205 billion.

The deficit was 4.7% of gross domestic product, the largest since 2012 and larger for the fourth year in a row. The annual shortfall is also roughly 50% larger than when President Trump took office.
 Quoting: NDFarm



Trump is making America great again. Ignore this dribble.
Anonymous Coward
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10/08/2019 07:11 AM
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Re: Federal deficit rose to $984B in 2019, highest in 7 years
I guess no one needs to live within their means then since it is all binary digits. Just charge it on the card.
vVVv
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10/08/2019 07:20 AM
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Re: Federal deficit rose to $984B in 2019, highest in 7 years
oh big deal its all paper and digits on screen who cares .. if it was gold then its a differnt story , if they were spending gold to wards welfare ect then it matters
 Quoting: Anonymous Coward 74007826


Great, hand everyone 200,000 dollars in digital money to their bank account. No big deal.
 Quoting: Anonymous Coward 78045198


Meanwhile thousands of SANCTUARY CITIES are taking their FEDERAL GRANTS and subsidizing WELFARE and HOUSING and FREE HEALTHCARE for illegals while our own HOMELESS VETERANS are being hunted by the ESTABLISHMENT’S imported constituency of affirmative action Americans

Trust The Plan!
Anonymous Coward
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10/08/2019 07:21 AM
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Re: Federal deficit rose to $984B in 2019, highest in 7 years
yikes collapse hiding
 Quoting: Anonymous Coward 77159757


That's the plan.

Collapse the old petrodollar system and start a new gold-backed currency that is debt-free and printed by our own sovereign Nation.
 Quoting: DeplorableOldMan


Can you say J U B I L E E

About time ...
Anonymous Coward
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10/08/2019 07:22 AM
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Re: Federal deficit rose to $984B in 2019, highest in 7 years
oh big deal its all paper and digits on screen who cares .. if it was gold then its a differnt story , if they were spending gold to wards welfare ect then it matters
 Quoting: Anonymous Coward 74007826


Great, hand everyone 200,000 dollars in digital money to their bank account. No big deal.
 Quoting: Anonymous Coward 78045198


Meanwhile thousands of SANCTUARY CITIES are taking their FEDERAL GRANTS and subsidizing WELFARE and HOUSING and FREE HEALTHCARE for illegals while our own HOMELESS VETERANS are being hunted by the ESTABLISHMENT’S imported constituency of affirmative action Americans

Trust The Plan!
 Quoting: vVVv 76523594


No, the real money is going to special interests represented by lobbyists.
Anonymous Coward
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10/08/2019 07:32 AM
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Re: Federal deficit rose to $984B in 2019, highest in 7 years
It’s 180°- D chess where the strategy is to do the exact opposite as pledged

It’s called the PIED PIPER RINO strategy

This time instead of “LOCK HER UP”, this President is going to spend the next 1000 days after re-election pretending like it’s illegal to DRAIN HIS CABINET!

I truly am starting to think the only reason the wall is even being built is to prevent us from escaping

TRUST THE PLAN!
 Quoting: vVVv 75564780


Bingo, at this point, the wall is pointless. It was obvious South Africa 2.0 was coming 20 years ago, but this might be a little mix of Communist East Germany as well.
Anonymous Coward
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10/08/2019 07:36 AM
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Re: Federal deficit rose to $984B in 2019, highest in 7 years
Fake news
Matrix
User ID: 78060219
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10/08/2019 08:05 AM
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Re: Federal deficit rose to $984B in 2019, highest in 7 years
If you like your pensions, 401k and your superannuation funds you can keep em.....goodnewsohyeah
Anonymous Coward
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10/08/2019 08:31 AM
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Re: Federal deficit rose to $984B in 2019, highest in 7 years
Drops in the bucket compared to Obama and trillions added to the national debt. More than all presidents combined actually look it up.
 Quoting: Crystal palace


U don’t understand , each new president has to spend more then the previous or the economy goes under. Trump will outspend Obama
ANNONYMOUS
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United States
10/08/2019 09:32 AM
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Re: Federal deficit rose to $984B in 2019, highest in 7 years
5a Yep, your wonderful REPO TAX CUT at work. Giveaway to Corporations and the top 2% and that is what we get! "Starve the Beast" at work lookout for an attack on Social Security and Medicare coming shortly! The stupids bought it and now we will pay for it!
SyncAsFunk

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10/08/2019 09:35 AM
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Re: Federal deficit rose to $984B in 2019, highest in 7 years
Ah, the 100 kiloton Godzilla in the room.

The Simple Math ALWAYS wins in the end, and no, Virginia, there is no political Santa Claus that's going to deliver anyone the gift of permanent avoidance.



:)

Last Edited by SyncAsFunk on 10/08/2019 10:20 AM
Some Will. Some won't. So.......
ANNONYMOUS
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10/08/2019 09:46 AM
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Re: Federal deficit rose to $984B in 2019, highest in 7 years
bump
ANNONYMOUS
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10/08/2019 09:51 AM
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Re: Federal deficit rose to $984B in 2019, highest in 7 years
5a
bumpbump
Anonymous Coward
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10/08/2019 10:17 AM
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Re: Federal deficit rose to $984B in 2019, highest in 7 years
yikes collapse hiding
 Quoting: Anonymous Coward 77159757


That's the plan.

Collapse the old petrodollar system and start a new gold-backed currency that is debt-free and printed by our own sovereign Nation.
 Quoting: DeplorableOldMan


that would be a wonderful plan.

but that is not the plan.





GLP