Skip to comments.Alarm bells are ringing on the federal debt
Posted on 02/13/2018 5:54:30 AM PST by Cheerio
If youre reading The Hill, chances are youve heard the scary statistics or doomsday predictions about government spending. Or youre heard it from the Congressional Budget office or Congressional Research Service or CBS, or youve heard it from House Speaker Paul Ryan or Office of Management and Budget Director Mick Mulvaney.
In short, there is no shortage of professionals sounding the alarm over spending. If youre like me, each time youve heard those, youve wondered, How is that possible? or How did we get here? or If that were true, Congress wouldnt be getting away with it.
Well, its true. Congress is bankrupting the country and robbing future generations of Americans to pay for it. Its dangerous. A debt crisis, and all the terrible economic effects of that, are looming. Both parties are guilty. Every single congressional leader is to blame.
Okay, so its true. But how did it happen, and how are they getting away with it? The events of this week perfectly illustrate how the one-way spending ratchet works, why Congress votes to pass it, and how theyre getting away with it.
(Excerpt) Read more at thehill.com ...
Hard to find something when you’re not looking for it.
During the eight years when Obama was in power I was periodically posting an Obama debt tracker, pointing out that he was adding on more than a trillion dollars a year. The whole time, almost the entire mainstream media looked the other way or told us that it wasn't really happening or that it was a non-issue.
Obama had trillion dollar deficit
My newspaper today said that Trump MIGHT get a trillion dollar deficit.
I love how all of a sudden the GOP deficit hawks decided that red ink wasn't so bad after all.
Not to worry, it’s balanced out by the conservatives who suddenly no longer care about the debt. It’s a tidy system.
I don’t support Paul Rino and Mitch McConnell. They’re complete frauds as far as I’m concerned. I consider myself a Rand Paul/Mike Lee republican.
Unfortunately it's the Paul Ryan/Mitch McConnell Republicans who dominate. And unless the President is willing to take a stand and use his veto pen then he's part of the problem as well.
I love how all of a sudden all these slimebags in the mainstream media have suddenly discovered we have a debt problem!
During the eight years when Obama was in power I was periodically posting an Obama debt tracker, pointing out that he was adding on more than a trillion dollars a year. The whole time, almost the entire mainstream media looked the other way or told us that it wasn’t really happening or that it was a non-issue.
Correct to point out the hypocrisy, but don’t make the point invalid.
Fact, I find it MORE hypocritical to give the President a ‘pass’, merely because of the (R) after his name.
IOW: We should be raising cain for all the illegality of debt by Fedzilla
They are? Sure can’t tell from where I sit.
President Trump’s new budget cuts spending, doesn’t it? Why don’t you tell your senator and congressman to SUPPORT that?
How about this. In stead of an open debate about having to make illegals legal, have an open debate on how to get rid of our national debt. How often do we have an issue where everyone is on the same page? Maybe both houses could finally find a way to agree on something.
Will the President fight for those cuts? No. He didn't the last time and there is no reason to believe he will now.
But even with those cuts we're still looking at a trillion dollar deficit so it's hard to believe the desire to balance the budget is there as well.
Will the President fight for those cuts? No. He didn’t the last time and there is no reason to believe he will now.
No he won’t follow the budget as passed. Sign it and get some real work done. There will be a surplus when he is done.
ALL THE EVIDENCE SUPPORTS THIS!
Main Street: The American People; Wall Street:Politians...
I guess that, for some, “sour grapes” is a good rationalization for NOT contacting their “representatives”. And NOT working to elect conservatives. And NOT educating “liberals”. And.....
Obama doubled the national debt, and suddenly, just now, the media makes an issue of federal debt??? Amazing.
Nobody is denying the progress the President is making in eliminating regulations or the benefits resulting from those. But that does not change the fact that none of the budget cuts he called for in his 2017 roadmap came to fruition and there is no reason to believe the cuts in his 2018 roadmap will as well, unless the President is willing to use his veto pen. And I don't believe that he will.