Post New Article

No, Tax Cuts Aren’t Causing
the Latest Deficit Spike

Original Article

Posted By: RockyTCB, 6/13/2019 7:05:16 AM

The Treasury Department reported a $208 billion deficit for the month of May — which is $61 billion higher than May 2018. To put that in perspective, the deficit for the entire year of 2007 was $161 billion. In the first eight months of the current fiscal year, red ink has already reached $738 billion. Even adjusting for inflation, the total annual federal deficit has exceeded that only six times in the nation’s history (five of them under President Obama). Not surprisingly, the Republican tax cuts are taking the blame for this year’s extraordinary deficits. But wait a minute.

Post Reply

Reply 1 - Posted by: ARKfamily 6/13/2019 8:49:33 AM (No. 97330)
Maybe the spending should be curtailed?
2 people like this.

Reply 2 - Posted by: chance_232 6/13/2019 9:18:28 AM (No. 97352)
So long as democrats can fillibuster in the Senate, spending will never go down. Republicans arent much better. The difference is speed in which the spend up into bankruptcy. Democrats spend at warp speed, republicans spend at mach speed.
1 person likes this.

Reply 3 - Posted by: Mr. Know-It-All 6/13/2019 9:26:34 AM (No. 97359)
It's the spending, stupid.
1 person likes this.

Reply 4 - Posted by: Clinger 6/13/2019 9:33:12 AM (No. 97363)
Once again tax cuts resulted in more tax collections. Ask how deficits rose while tax collections set record high levels, not how deficits rose while taxes were cut.
1 person likes this.

Reply 5 - Posted by: anniebc 6/13/2019 10:46:18 AM (No. 97426)
It's stupid elected and unelected officials spending our money like it grows on trees. They should be glad we don't act like they would if they could get rid of us for preventing their agenda.
1 person likes this.

Reply 6 - Posted by: FL_Absentee_Voter 6/13/2019 11:45:59 AM (No. 97470)
Here's how really scary stuff: Spending by Health and Human Services - which runs Medicare and Medicaid - is up more than $100 billion so far this year. Social Security spending is up by $47 billion. VA spending is up $26 billion. Interest on the debt, up $36 billion. Medicare - boomers are hitting 65 in increasing numbers. Can't cut that entitlement. Medicaid - been out of control for years. Enter, ozerocare. Although illegals aren't eligible (yet), hospital ER's are reimbursed for costs incurred (billions) delivering anchor babies. Social security - boomers again, entitled to those golden eggs. VA - WWII vets are few in number these days but the Vietnam generation (3.5 million uniforms in 1968) is growing old and requiring more care. The debt - there simply is no fix. At some point it's going to collapse.
0 people like this.

Reply 7 - Posted by: hoosierblue 6/13/2019 12:06:18 PM (No. 97488)
How much have the spent on ridiculous investigations and hearings the last two years???
1 person likes this.

Below, you will find ...
Most Recent Articles posted by "RockyTCB"
and
Most Active Articles (last 48 hours)
Most Recent Articles posted by RockyTCB"
Question For Bernie: What
Happens To Those Who Don’t
Want To Join Your Commune?
13 replies
Posted by RockyTCB 6/14/2019 6:45:10 AM Post Reply
Much like Hillary Clinton feeling the need to reintroduce herself to voters multiple times, Bernie Sanders has decided to tell us again exactly what democratic socialism is. Maybe the need for so much explaining indicates that voters know what DemSoc is and want no part of it. Sanders, the nominally Democratic but realistically socialist senator from Vermont, made a speech Wednesday that the AP declared was “a strong defense of democratic socialism, the economic philosophy that has guided his political career.” It was “his most aggressive attempt yet to reframe the conversation about his political views.”
No, Tax Cuts Aren’t Causing
the Latest Deficit Spike
7 replies
Posted by RockyTCB 6/13/2019 7:05:16 AM Post Reply
The Treasury Department reported a $208 billion deficit for the month of May — which is $61 billion higher than May 2018. To put that in perspective, the deficit for the entire year of 2007 was $161 billion. In the first eight months of the current fiscal year, red ink has already reached $738 billion. Even adjusting for inflation, the total annual federal deficit has exceeded that only six times in the nation’s history (five of them under President Obama). Not surprisingly, the Republican tax cuts are taking the blame for this year’s extraordinary deficits. But wait a minute.
AOC Wants a Raise.
Here’s a Better Idea.
31 replies
Posted by RockyTCB 6/12/2019 5:55:17 AM Post Reply
Freshmen Rep. Alexandria Ocasio-Cortez wants Congress to give itself a $4,500 pay raise next year. That would boost her salary to $178,500. And that’s not counting the many perks members of Congress get, all courtesy of taxpayers. But even that isn’t enough for the self-described socialist. AOC scoffed that a 2.5% bump in pay was “not even like a raise.” Before that, she grumbled that her income was merely a “living wage.” She also complained in a tweet that if lawmakers don’t get a raise, it “makes campaign finance reform *harder.* ” And it “increases pressure on them to keep dark money loopholes open.” It makes one wonder if AOC understands
Breaking Up Big Tech
Companies Is A Big
Government, Not Free
Market, Response
6 replies
Posted by RockyTCB 6/11/2019 10:19:51 AM Post Reply
America’s tech giants have most certainly engaged in abusive practices. Demands that Washington break them up seem to grow by the day. Many of them are from brilliant people we respect and almost always agree with. That doesn’t make them right, though. Google, Facebook, Amazon, and others have just become too powerful, says the narrative. And it’s not just the political right, which is justified in being upset at Big Tech’s efforts to marginalize and silence it, that wants to use the nearly limitless power of the federal government to tame private businesses.
Great Lakes Reveal a Fatal
Flaw in Climate Change ‘Science’
25 replies
Posted by RockyTCB 6/10/2019 5:05:07 AM Post Reply
Lake Erie and Lake Superior — two of the five that make up the Great Lakes — broke records for water levels this May. Lakes Michigan and Huron could follow suit. Naturally, climate change is getting the blame. “We are undoubtedly observing the effects of a warming climate in the Great Lakes,” says Richard Rood, a University of Michigan climate scientist. But just a few years ago, climate scientists were insisting that a warming climate would cause water levels to decline. In 2008, Science Daily reported on a study that attributed the decline in Great Lakes water levels to global warming.
Trump Breaks the News Cycle
— and Politics as Usual —
With His Own Created Crisis
5 replies
Posted by RockyTCB 6/9/2019 9:11:47 AM Post Reply
President Donald Trump’s latest win — using threats of escalating tariffs to stop the nation of Mexico from doubling as an express lane for illegal immigrants — takes me back to a political coup I participated in as a PR consultant in Austria. My client was the Alpine Republic’s environment minister, an up-and-coming member of the People’s (Conservative) Party, then junior partner to the Social Democrats in a grand coalition. The minister was in full-blown crisis when her implementation of a recycling mandate — requiring the separation of a stunning range of waste categories — produced overflowing bins in major cities.
Trump’s Citizenship
Question Is Racist? What
About Clinton's and Obama's
7 replies
Posted by RockyTCB 6/7/2019 7:40:09 AM Post Reply
The debate over the Trump Administration’s proposed citizenship question on the 2020 Census is heating up again. A federal judge in New York held a hearing on this question this week, and the U.S. Supreme Court will rule on this matter by month’s end. The Right seems tongue-tied on this issue amid the Left’s predictable and vile claims that this question is fueled by — what else? — racism. Kristen Clarke, president of the Lawyers’ Committee for Civil Rights Under Law, said the citizenship question is “nothing more than a pretext to carry out the Trump Administration’s racist agenda.”
Walmart’s CEO Caves to
Socialist Bernie Sanders
12 replies
Posted by RockyTCB 6/7/2019 5:53:47 AM Post Reply
When Bernie Sanders crashed Walmart’s shareholder meeting Wednesday and lectured executives on how they should run their business, CEO Doug McMillon should have laughed him out of the room for his ill-informed claims and for pushing a minimum wage hike that would hurt the very people it’s supposed to help. Instead, McMillon waved the white flag. He told the company’s owners that the current federal minimum wage is “too low” and that “it’s time for Congress to put a thoughtful plan in place to increase the minimum wage.” Let’s look at what Sanders claimed in his remarks.
Venezuela: There’s No Disaster
Quite Like The Collapse Of Socialism
8 replies
Posted by RockyTCB 6/6/2019 7:06:36 AM Post Reply
Even while surrounded by military dictatorships and poverty, Venezuela at one time prospered with a strong economy and stable society. Today, three Latin American nations produce more oil than Venezuela, though it has the world’s largest proven reserves of crude, and just getting sick is nearly the same as death for some children. It has rightly been called the “biggest economic disaster in modern history.” “Hospital shortages,” says the headline of an Agence France-Presse story posted on Yahoo News in late May, are “a death sentence for Venezuelan children.” Half of the children who aren’t dying can’t get enough to eat.
Recycling: America’s False Religion 16 replies
Posted by RockyTCB 6/5/2019 8:00:05 AM Post Reply
Before climate change became a belief system in which humans are expected to perform penance for their sins against Gaia, recycling was the religion of many in the modern world. Those who didn’t reduce, reuse, and recycle were, and still are, considered heretics. Nearly a quarter century ago, John Tierney wrote in the New York Times Magazine that “Recycling Is Garbage.” In an article that produced the greatest volume of hate mail in the magazine’s history, Tierney said that rather than recycling, “the simplest and cheapest option is usually to bury garbage in an environmentally safe landfill.” With the exception of a few items — aluminum cans, cardboard, office paper
$586 Billion Later, Health
Care Is Worse Than Before
Obamacare — Thanks Obama
12 replies
Posted by RockyTCB 6/5/2019 7:00:47 AM Post Reply
"I am not the first President to take up this cause, but I am determined to be the last.” That was how then-President Barack Obama pitched Obamacare to a joint session of Congress on Sept. 9, 2009. He described a health care system in crisis and promised that his reforms would “provide more security and stability to those who have health insurance. It will provide insurance for those who don’t. And it will slow the growth of health care costs for our families, our businesses, and our government.” Nearly a decade after having his vision realized, how have his promises worked out?
Animal Rights Extremist
Attacks Kamala Harris,
Moderator Blames Trump
7 replies
Posted by RockyTCB 6/4/2019 5:50:42 AM Post Reply
A scruffy, hippie-ish animal rights demonstrator with long beard, long hair in a bun, and blue jeans leapt onto the stage and grabbed the mike from Democratic presidential candidate Kamala Harris during MoveOn.org’s “Big Ideas Forum” in San Francisco on Saturday, before being shuffled away by security. If you were the left-wing Democratic Party operative moderating the event, you think, “too bad it wasn’t a right winger wearing a MAGA hat. We could blame it on Trump!” Right? Wrong. It’s still Trump’s fault!
Most Active Articles (last 48 hours)
Oberlin College hit with maximum
(capped at $22 million by law) in Gibson’s Bakery case
42 replies
Posted by shalimar 6/13/2019 3:27:19 PM Post Reply
The jury just rendered its verdict on punitive damages in the Gibson’s Bakery v. Oberlin College case. Daniel McGraw, our reporter in the courtroom, reports that in addition to the $11.2 million compensatory damages awarded last Friday, the jury awarded a total of $22 million. That brings the total damages to $33 million. We will have the breakdown soon. The jury also awarded attorney’s fees, to be determined by the judge. In closing argument, Gibson’s lawyer Lee Plakas argued: “Why is the country watching you. Because the country agrees that what happened to the Gibsons should not happen to anyone, but could happen to everyone.”
Biden tells Iowans: ‘Probably a lot of
you don’t know where Delaware is’
41 replies
Posted by earlybird 6/14/2019 11:30:55 AM Post Reply
An East Coast liberal running for president dropped in on the bumpkins in Iowa today and insulted their intelligence. Joe Biden campaigned at Clinton Community College this morning and was touting Obamacare, and attempted to connect with the gun-toting, pickup-driving, Bible-reading rubes. (Video)“Delaware has a lot of small towns like y’all do,” he said, getting folksy with the country simpletons. “I know y’all think of Delaware as being this east— first of all, probably a lot of you don’t know where Delaware is, but anyway…” “‘I know Delaware, Rhode Island, I’ve been there,'” he said, apparently mimicking an Iowa yokel. He went on to tell a story about one of his staffers
Mitt Romney slams Trump for saying
he would accept 'foreign dirt' on rivals: 'Simply unthinkable'
41 replies
Posted by tisHimself 6/13/2019 10:58:00 PM Post Reply
Senator Mitt Romney has slammed Donald Trump for saying that he would accept dirt on a political opponent from a foreign government, saying the president’s remarks are “simply unthinkable.” Mr Romney, who was the 2012 Republican nominee for president before winning his Senate seat last year, said during an impromptu interview with reporters that he would contact the FBI immediately if a foreign government approached him in that way.
Give Congressmen a Pay Raise?
Pelosi: 'It's Not a Pay Raise,
It's a COLA Increase'
37 replies
6/13/2019 2:39:35 PM Post Reply
At her weekly news conference, House Speaker Nancy Pelosi (D-Calif.) was asked whether it's appropriate at this time for Congress to give itself a pay raise."It's not a pay raise, it's a COLA increase," Pelosi responded. "And whether that comes to be, I don't know. It would have to be a bipartisan initiative."In this case, Congress could allow itself a COLA (Cost of Living Adjustment) that would raise lawmakers' pay by $4,500 to $178,500, up from the current $174,000. (According to the Congressional Research Service, members of both the House and Senate are paid a salary of $174,000. The House and Senate majority and minority leaders are paid $193,400; and
Special Counsel recommends firing
Kellyanne Conway over alleged
Hatch Act violations
37 replies
Posted by Harlowe 6/13/2019 1:22:33 PM Post Reply
The Office of Special Counsel recommended Thursday that Kellyanne Conway be fired from the federal government for violating the Hatch Act on “numerous occasions.” The Hatch Act is a federal law that limits certain political activities of federal employees. The OSC, which is separate from the office with a similar name previously run by Robert Mueller, said in a scathing report released Thursday that White House Counselor Conway violated the Hatch Act by “disparaging Democratic presidential candidates while speaking in her official capacity during television interviews and on social media.
Bernie: ‘A Lot Of People In The
Country Would Be Delighted To
Pay More In Taxes’
34 replies
6/13/2019 6:33:47 AM Post Reply
Democrat presidential candidate Sen. Bernie Sanders (I-VT) said on Wednesday night during a CNN interview that "a lot of people" would love to pay more in taxes if it meant that they got government-run health care. (Video) "But as you know, the taxes in many of those countries are much higher than they are in individual and personal tax are much higher than they are in the United States," CNN's Anderson Cooper said."Yeah, but I suspect that a lot of people in the country would be delighted to pay more in taxes if they had comprehensive health care as a human right," Sanders responded.
'I think I’d take it': In exclusive interview,
Trump says he would listen if foreigners
offered dirt on opponents
32 replies
Posted by M2 6/13/2019 8:04:55 AM Post Reply
President Donald Trump may not alert the FBI if foreign governments offered damaging information against his 2020 rivals during the upcoming presidential race, he said, despite the deluge of investigations stemming from his campaign's interactions with Russians during the 2016 campaign. Asked by ABC News Chief Anchor George Stephanopoulos in the Oval Office on Wednesday whether his campaign would accept such information from foreigners -- such as China or Russia -- or hand it over the FBI, Trump said, "I think maybe you do both." "I think you might want to listen, there isn't anything wrong with listening," Trump continued. "If somebody called from a country,
'Thank you for letting me fend for
myself': High school valedictorian blasts
'alcoholic' teacher and 'unavailable' counselor
in shocking graduation speech
30 replies
6/13/2019 2:35:32 PM Post Reply
A California valedictorian took to the podium and slammed a teacher for being 'regularly intoxicated' and her counselor for leaving her to 'fend for herself' during her graduation speech.Nataly Buhr, a senior at San Ysidro High School in San Diego, opened her speech thanking the school, her parents, and a few teachers for being 'invested in the students' education and well being' on Thursday June 6. But then her address took a sharp turn when she called out the school's administrators and teachers for being negligent and failing to do their jobs. 'To the teacher that was regularly intoxicated during class this year,
House panel to hold hearing on
reparations for slavery next week
28 replies
Posted by NorthernDog 6/13/2019 11:25:57 PM Post Reply
Washington - A House panel will hold a hearing next week on the topic of reparations for slavery. The House Judiciary Committee's subcommittee on the Constitution, Civil Rights, and Civil Liberties is set to hold a hearing June 19 on legislation that would establish a commission to study the consequences and impacts of slavery and make recommendations for reparations proposals. The hearing is titled "H.R. 40 and the Path to Restorative Justice." (Snip) "While we have focused on the social effects of slavery and segregation, its continuing economic implications remain largely ignored by mainstream analysis," Jackson Lee said, adding, "These economic
Oberlin College pleads poverty to
jury deciding on punitive damages
28 replies
Posted by Magnante 6/13/2019 9:00:19 AM Post Reply
Yesterday saw the president (salary: over half a million dollars) of Oberlin College (with an endowment of $887.4 million) plead poverty to a jury in Lorrain County, Ohio (median household income: $54,932), urging them not add punitive damages of up to $22 million to the $11 million already awarded to Gibson’s Bakery. (snip) Gibson’s lawyers spent considerable time going over Oberlin College’s IRS Form 990, showing over $1 billion in assets and numerous employees earning over $100,000
Rep. Ocasio-Cortez: ‘Unspeakable Horrors
Have Been Executed by the U.S.
in the Name of Citizenship’
27 replies
Posted by M2 6/14/2019 10:02:03 AM Post Reply
Including a citizenship question in the U.S. Census would be a horror as unspeakable as the Dred Scott decision or the internment of Japanese-Americans during World War II, Rep. Alexandria Ocasio-Cortez (D-N.Y.) told a House hearing Wednesday. “Citizenship” is “an acknowledge of power” and comes from being “a person in our democracy,” and not from a Supreme Court decision, Ocasio-Cortez said, alluding to the high court’s anticipated ruling on the constitutionality of adding a citizenship question to the Census: “Unspeakable horrors have been executed by the United States in the name of citizenship. In the name of determining who is a citizen.
New York City to unveil largest
rainbow pride flag in city’s history
26 replies
Posted by Ribicon 6/13/2019 11:45:26 AM Post Reply
Let your freak flag fly, New York! New York is coming out in a larger-than-life way this Pride Month, unveiling the biggest pride flag in the city’s history on Friday. But it won’t be a traditional cloth flag. Instead, the normally gray, concrete steps at Roosevelt Island’s Four Freedoms Park will be painted to resemble the iconic rainbow symbol for the gay rights movement. The fitting hashtag: #AscendWithPride. The location of the massive 12-foot-by-100-foot display of equality is no coincidence either. Four Freedoms State Park was established as a memorial to Franklin D. Roosevelt
Post New Article