Posted on Jul 17, 2019
Budget office: U.S. federal deficit will top record $1 trillion
752
10
15
2
2
0
Posted 5 y ago
Responses: 4
The irony is the more the government spends, the stronger the GNP will be despite the deficit. It is a shame that we have interest payments of close to $500/year.
(3)
(0)
SFC Melvin Brandenburg
One reason for the growth of GNP is GNP is a calculation of private sector spending and government spending, and an important element of Keynesian policy.
(0)
(0)
SSG (Join to see)
You also have to look at how they are calculating said deficit. Example under Obama, if you use the time frame from when he took office to when he left office he added 9 trillion to the deficit, if you took the actual budgets enacted during his 8 years he added 6.8 trillion, if you only look at his policies that he enacted you are looking at 980 billion, it all depends on what you are looking at, plus congress controls the purse strings not anyone president.
(0)
(0)
I wonder if the deficit was shrinking under Obama why then did the federal debt double?
(3)
(0)
SFC Melvin Brandenburg
MSgt Steve Sweeney you may be right but the point is the deficit didn't shrink under Obama in any relevant way due to an increased debt. I think if we reset the government to the original intent of the founders we will be better off and our debt could then be addressed. But that won't happen because as soon as someone's pet project is threatened we will see a parade of tragedies.
(1)
(0)
MSgt Steve Sweeney
SFC Melvin Brandenburg - Truth in that statement, but what do you feel was "the original intent of the founders"? I realize that might take some unpacking, but in doing so I think you may find that not everyone will agree on what the "original intent" was. Remember, the founders never envisioned or desired a standing military.
(0)
(0)
SFC Melvin Brandenburg
MSgt Steve Sweeney the original intent can be found written into the Constitution.
(0)
(0)
MSgt Steve Sweeney
SFC Melvin Brandenburg - Great. Care to elaborate? What specific intent is written into the constitution that is not being adhered to today?
(0)
(0)
I dispute your claim that it was shrinking under Obama... I think you made that up
(1)
(0)
MSgt Steve Sweeney
Of course you do. I am sure it is a product of the bad information which you have been fed and not a failure on your part to check the information fed to you.
(0)
(0)
(0)
(0)
Cpl Benjamin Long
and I don't need to check any information when it is your job to check it before you present it.. or... I slam the denial door in your face.
(0)
(0)
Read This Next