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Alarm bells are ringing on the federal debt
The Hill ^ | 02/09/18 | Thomas Binion

Posted on 02/13/2018 5:54:30 AM PST by Cheerio



If you’re reading The Hill, chances are you’ve heard the scary statistics or doomsday predictions about government spending. Or you’re heard it from the Congressional Budget office or Congressional Research Service or CBS, or you’ve 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 you’re like me, each time you’ve heard those, you’ve wondered, “How is that possible?” or “How did we get here?” or “If that were true, Congress wouldn’t be getting away with it.”

Well, it’s true. Congress is bankrupting the country and robbing future generations of Americans to pay for it. It’s 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 it’s 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 they’re getting away with it.

(Excerpt) Read more at thehill.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Government
KEYWORDS: 115th; congress; debt; federalspending; obamalegacy; ryan; taxandspend; trumpbudget
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GOP Presidents seem to have a problem locating their VETO pen.
1 posted on 02/13/2018 5:54:31 AM PST by Cheerio
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To: Cheerio

Hard to find something when you’re not looking for it.


2 posted on 02/13/2018 5:56:18 AM PST by Wolfie
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To: Cheerio
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.

3 posted on 02/13/2018 5:57:20 AM PST by jpl ("You are fake news.")
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To: Cheerio

Obama had trillion dollar deficit

My newspaper today said that Trump MIGHT get a trillion dollar deficit.

Big difference.


4 posted on 02/13/2018 6:00:10 AM PST by AppyPappy (Don't mistake your dorm political discussions with the desires of the nation)
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To: jpl
I love how all of a sudden all these slimebags in the mainstream media have suddenly discovered we have a debt problem!

I love how all of a sudden the GOP deficit hawks decided that red ink wasn't so bad after all.

5 posted on 02/13/2018 6:00:48 AM PST by DoodleDawg
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To: jpl

Not to worry, it’s balanced out by the conservatives who suddenly no longer care about the debt. It’s a tidy system.


6 posted on 02/13/2018 6:03:38 AM PST by Wolfie
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To: DoodleDawg

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.


7 posted on 02/13/2018 6:06:37 AM PST by jpl ("You are fake news.")
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To: Cheerio
The should have been ringing long ago. JMHO!
8 posted on 02/13/2018 6:10:05 AM PST by Phlap (REDNECK@LIBARTS.EDU)
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To: jpl
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.

9 posted on 02/13/2018 6:22:01 AM PST by DoodleDawg
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To: jpl; Cheerio

>
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


10 posted on 02/13/2018 6:49:05 AM PST by i_robot73 ("A man chooses. A slave obeys." - Andrew Ryan)
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To: Cheerio

They are? Sure can’t tell from where I sit.


11 posted on 02/13/2018 7:37:02 AM PST by Buckeye McFrog
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To: DoodleDawg

President Trump’s new budget cuts spending, doesn’t it? Why don’t you tell your senator and congressman to SUPPORT that?


12 posted on 02/13/2018 7:41:28 AM PST by pfony1
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To: Cheerio

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.


13 posted on 02/13/2018 7:45:14 AM PST by GTM01
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To: pfony1
President Trump’s new budget cuts spending, doesn’t it? Why don’t you tell your senator and congressman to SUPPORT that?

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.

14 posted on 02/13/2018 7:47:31 AM PST by DoodleDawg
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To: DoodleDawg

Will the President fight for those cuts? No. He didn’t the last time and there is no reason to believe he will now.


Yet he is reducing the size of many depts and eliminating departments. Eliminating regs.

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!


15 posted on 02/13/2018 7:52:48 AM PST by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: Cheerio

Main Street: The American People; Wall Street:Politians...


16 posted on 02/13/2018 7:56:45 AM PST by HarleyLady27 ( "The Force Awakens!!!"...Trump and Pence: MAKE AMERICA GREAT AGAIN!!!)
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To: GTM01
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.

Won't happen. Today - in 2018 - ILLEGAL ALIENS are much more important to the UNIPARTY in the District of Corruption than the American citizens they are sent to DC to represent. The Unipaty could care less about the debt they are imposing on our children, grandchildren, and great grandchildren. This became very very obvious last week with the passage of the "Further Extension of Continuing Appropriations Act, 2018

DC is broken beyond repair and I call for the 2nd Revolution, which I mistakenly thought had commenced in 2009 with the Taxed Enough Already movement. The media arm of the RAT party apparently has succeeded in stamping that movement down.
17 posted on 02/13/2018 8:01:16 AM PST by Cheerio (#44, The unknown President)
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To: DoodleDawg

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.....


18 posted on 02/13/2018 8:01:30 AM PST by pfony1
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To: Cheerio

Obama doubled the national debt, and suddenly, just now, the media makes an issue of federal debt??? Amazing.


19 posted on 02/13/2018 8:18:26 AM PST by Wuli
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To: PeterPrinciple
Yet he is reducing the size of many depts and eliminating departments. Eliminating regs.

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.

20 posted on 02/13/2018 8:28:22 AM PST by DoodleDawg
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