Projection and lack of self-awareness. Not only are you a moron, but an unaware moron. The worst kind.
Deficit slashed in HALF by DARK BRANDON
- Thread starter Mr.Badguy
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Projection and lack of self-awareness. Not only are you a moron, but an unaware moron. The worst kind.
Geeko Sportivo
Verified User
I think the Treasury should be promoting the buying of Treasury Securities and Savings Bonds again.
I remember there was a program where we could purchase savings bonds in the classroom back when I was in school- A LONG TIME AGO.
Just something that I think would help!
We need to invest in our own government!
I almost hope the GOP take the house and Senate. They'll only drag is into the red further proving tax cuts for the rich benefits one group: The rich.
GOP'ers are so stupid.
Ask Liz Truss how those unfunded tax cuts worked out in the UK, bitch.
Looks like "Brandon" knows what he's doing, eh?
Those treasuries are in high demand again due to higher interest rates. The increased demand for the dollar has caused the value to increase the highest in 20 years.
If we sell more bonds it just means we are borrowing more money.
"The US dollar (USD) has strengthened against most other major currencies in recent months, reaching a 20-year high in mid-July." https://capital.com/usd-forecast
Geeko Sportivo
Verified User
Projection and lack of self-awareness. Not only are you a moron, but an unaware moron. The worst kind.
Are you coming to the JPP VEGAS meet-up?
Would you be willing to come?
evince
Truthmatters
Link
evince
Truthmatters
The 2022 fiscal year saw $4.896 trillion in revenue against $6.272 trillion in outlays. The outlays number represented about a $550 billion decline in spending but an $850 billion increase in revenue. The revenue total is by far the highest ever for the U.S. government.
evince
Truthmatters
Cool
Tell us all about who shows up
It will help tell who are actually people and not bots
It's liberal math. So, in October 2021, they pass the massive $1.9 trillion coronavirus relief bill called the American Rescue Plan. Then the Bipartisan infrastructure bill of $1.2 trillion. Then the scaled back Build Back Better plan of around $500 billion. Total; $3.6 trillion. This is future spending versus fiscal year spending. So even though we are being told that the 2021 deficit was $2.8 Trillion, and that figure will be HALF for 2022 or $1.4 Trillion, it is only because the actual outlays of these massive spending bills will occur in the following year or two.
Nothing has been cut in half. That's absurd and false.
Why would I do that?
Revenue increased as a result of the closures being lifted, you dumb shit. It wasn't an indicator of growth. But we outspent that amount by nearly $1.4 trillion with more to come in this coming fiscal year.
There is nothing "good" about trillion-dollar deficits by any stretch of imagination. Biden didn't "cut" anything. Democrats spent like drunken sailors this year and we will be feeling the effects for the next years to come with no discernable benefit.
You're really stupid and mentally handicapped.
cawacko
Well-known member
I believe the current deficit is $1.375 trillion. So by historical standards still massive but half of what is was last year.
The numbers are the numbers in that the deficit fell because the stimulus spending from the prior year expired. But you add in political partisanship and people are losing their minds here.
They weren't even implemented you fucking moron. You should do the world a favor and kill yourself. No one would care. No one would notice. The world's collective IQ would go up.
The definition of moron. 
You know the government did not cut spending or raise taxes by $1.7 trillion. There was a large increase in the deficit in 2020-2021 because of the pandemic. The deficit is just returning to its previous level.
https://www.politifact.com/factchec...houses-big-deficit-cut-and-why-it-merits-ast/
https://www.politifact.com/factchec...den-leaves-out-context-60-minutes-comment-de/