View Full Version : us-debt-payments-will-soon-exceed-military-spending
Luther
05-11-2019, 07:40 AM
Okay... when does the revenue from the Trump/GOP tax cuts kick in?
The U.S.’ debt is skyrocketing – and soon the country will spend more on servicing its debt than it will on national defense – and a little further out it will spend more on debt than on all nondefense discretionary programs combined.
While America’s debt has skyrocketed, low inflation and international demand for Treasury bonds has held down interest costs, but with the Federal Reserve hiking interest rates, this is expected to change.
As reported by The Wall Street Journal citing data from the Congressional Budget Office (CBO), the U.S. will spend more on interest than it spends on Medicaid in 2020, in 2023 interest spending will exceed national defense spending, and by 2025 it will spend more on interest than on all nondefense discretionary programs combined.
https://www.foxbusiness.com/economy/us-debt-payments-will-soon-exceed-military-spending
DGUtley
05-11-2019, 07:49 AM
I truly don't get it. I don't understand how it is anything other than an intentional attempt to destroy the country - or to economically enslave future generations.
Captdon
05-11-2019, 07:58 AM
Okay... when does the revenue from the Trump/GOP tax cuts kick in?
https://www.foxbusiness.com/economy/us-debt-payments-will-soon-exceed-military-spending
When they stop spending more than the cuts bring in. Revenues rose 3% but spending rose 13 %.
Don29palms
05-11-2019, 08:01 AM
Thank you Obummer and your demonrat minions.
DGUtley
05-11-2019, 08:04 AM
Thank you Obummer and your demonrat minions.
Oh, this is a full-fledged blamefest. R's, D's, us, them -- all of us. Our grandchildren have all of us to thank. I say: Put it on my generation's backs. Cut our social security. Refuse us healthcare. JUST SAVE THE COUNTRY
Luther
05-11-2019, 08:32 AM
When they stop spending more than the cuts bring in. Revenues rose 3% but spending rose 13 %.
When they stop spending more than the cuts bring in.
(LOL)
Have I got something to sell you Captain(LOL)
Currently, the interest on our debt is Drum Roll please........ : $389 billion in fiscal year 2019
2023(about 3 1/2 years away) Drum roll please..... it will be around that 700 BILLION mark
http://www.crfb.org/blogs/interest-spending-course-quadruple?gclid=EAIaIQobChMIya6HuMqT4gIVD9vACh2NWg ywEAAYASAAEgLD1PD_BwE
Keep the faith Captain
https://www.foxnews.com/politics/trump-signs-1-3-trillion-spending-bill-despite-earlier-threat-to-veto
DGUtley
05-11-2019, 08:49 AM
Nobody has the political will to be truthful to the American people. The Tea Party did and Mordor on the Potomac went after it with a vengeance when it messed with Mordor's money. I think that we need an austerity program. It is going to hurt. It is going to be very painful. I'm 56 - put it on my generation but lock box the fix. We can do it voluntarily and manage it or we can do it during a crash but it'll be done.
Luther
05-11-2019, 08:52 AM
Thank you Obummer and your demonrat minions.
(LOL)
Scapegoat alert!
Luther
05-11-2019, 08:54 AM
When they stop spending more than the cuts bring in. Revenues rose 3% but spending rose 13 %.
Revenues rose 3% but spending rose 13 %
You know what they say Captain, " The truth will set you free"
Trump signs $1.3 trillion spending bill, despite earlier threat to veto
https://www.foxnews.com/politics/trump-signs-1-3-trillion-spending-bill-despite-earlier-threat-to-veto
Captdon
05-11-2019, 08:58 AM
You know what they say Captain, " The truth will set you free"
https://www.foxnews.com/politics/trump-signs-1-3-trillion-spending-bill-despite-earlier-threat-to-veto
What I said was true. Thanks for knowing that.
Luther
05-11-2019, 09:02 AM
What I said was true. Thanks for knowing that.
What you said sir was in VAIN
So the Trump tax cuts(temporary) are just a bunch of BS?
Sergeant Gleed
05-11-2019, 10:00 AM
Thank you Obummer and your demonrat minions.
There's two bushes and a Rapist in between them, too.
Sergeant Gleed
05-11-2019, 10:08 AM
What you said sir was in VAIN
So the Trump tax cuts(temporary) are just a bunch of BS?
No. The tax cuts are necessary. They are needed to restart the economic engines the Rodents deliberately stalled and seek to deliberately shut-down again.
The tax rates have to be further reduced until they're fulfilling their purpose of generating maximum revenue as per the Laffer Curve. They're still way too high.
And now we have to cut all unconstitutional spending to restore our freedom.
Nothing can be simpler.
All we have to do is hang the Congress.
Luther
05-11-2019, 10:14 AM
No. The tax cuts are necessary. They are needed to restart the economic engines the Rodents deliberately stalled and seek to deliberately shut-down again.
The tax rates have to be further reduced until they're fulfilling their purpose of generating maximum revenue as per the Laffer Curve. They're still way too high.
And now we have to cut all unconstitutional spending to restore our freedom.
Nothing can be simpler.
All we have to do is hang the Congress.
The tax cuts are necessary. They are needed to restart the economic engines the Rodents deliberately stalled and seek to deliberately shut-down again.
Wrong... the economy was already coming back on it's own
I'm surprised you play Dims and pubs
Don29palms
05-11-2019, 10:56 AM
Oh, this is a full-fledged blamefest. R's, D's, us, them -- all of us. Our grandchildren have all of us to thank. I say: Put it on my generation's backs. Cut our social security. Refuse us healthcare. JUST SAVE THE COUNTRY
What was the debt when Obummer was elected and what was the debt when he left? Obummer and his minions doubled the national debt in 8 years.
Don29palms
05-11-2019, 11:00 AM
(LOL)
Scapegoat alert!
Reality alert for all the delusional lobby's out there. What other president in history doubled the debt of all other president before him in just 2 terms? The only answer is your beloved Obummer.
MisterVeritis
05-11-2019, 11:17 AM
Nobody has the political will to be truthful to the American people. The Tea Party did and Mordor on the Potomac went after it with a vengeance when it messed with Mordor's money. I think that we need an austerity program. It is going to hurt. It is going to be very painful. I'm 56 - put it on my generation but lock box the fix. We can do it voluntarily and manage it or we can do it during a crash but it'll be done.
The Republic can only be saved by a successful Article V convention of States to propose amendments.
Captdon
05-11-2019, 07:24 PM
(LOL)
Have I got something to sell you Captain(LOL)
Currently, the interest on our debt is Drum Roll please........ : $389 billion in fiscal year 2019
2023(about 3 1/2 years away) Drum roll please..... it will be around that 700 BILLION mark
http://www.crfb.org/blogs/interest-spending-course-quadruple?gclid=EAIaIQobChMIya6HuMqT4gIVD9vACh2NWg ywEAAYASAAEgLD1PD_BwE
Keep the faith Captain
https://www.foxnews.com/politics/trump-signs-1-3-trillion-spending-bill-despite-earlier-threat-to-veto
As usual. I don't know what you're talking about. Neither do you. I have said nothing about where our debt is headed. I know where, but I didn't say where. You know, just thinking someone said something doesn't make it real. Seek help.
Captdon
05-11-2019, 07:26 PM
You know what they say Captain, " The truth will set you free"
https://www.foxnews.com/politics/trump-signs-1-3-trillion-spending-bill-despite-earlier-threat-to-veto
Neither if us knows what you mean with this. Don't put off the help.
Captdon
05-11-2019, 07:31 PM
What you said sir was in VAIN
So the Trump tax cuts(temporary) are just a bunch of BS?
What I said was a fact. You don't understand that an increase of 3% and a decrease of 13% lowrs the total revenue. I guess math is another skill you don't have. Not only seek help but go back and start your education where you left of- third grade.
You are making a fool of yourself. Do better.
Captdon
05-11-2019, 07:32 PM
Wrong... the economy was already coming back on it's own
I'm surprised you play Dims and pubs
The Obama "comeback"was the weakest in history. You need a ghostwriter.
Luther
05-11-2019, 07:43 PM
The Republic can only be saved by a successful Article V convention of States to propose amendments.
No, that's only what you believe
I make more sense with citizenry reform
Luther
05-11-2019, 07:44 PM
The Obama "comeback"was the weakest in history. You need a ghostwriter.
Well, that's how it is when you come back from the greatest recession since the great depression(Rolling eyes)
Luther
05-11-2019, 07:50 PM
Reality alert for all the delusional lobby's out there. What other president in history doubled the debt of all other president before him in just 2 terms? The only answer is your beloved Obummer.
What other president in history doubled the debt of all other president before him in just 2 terms?
Just stop....
Before going forward: What President had the Great recession to contend with the most?
George W. Bush (https://www.thebalance.com/bush-administration-economic-policies-3305556): President Bush added $5.849 trillion, the second-greatest dollar amount
Under President Obama, the national debt (https://www.thebalance.com/national-debt-under-obama-3306293) grew the most dollar-wise. He added $8.588 trillion. This 74 percent increase was the fifth-largest.
https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296
donttread
05-11-2019, 07:56 PM
I truly don't get it. I don't understand how it is anything other than an intentional attempt to destroy the country - or to economically enslave future generations.
It's really pretty basic if you cut through all the talking heads and conflicting theories. Politicians lose votes for saying "you can't have that" more often than they lose votes for spending money they don't have."
Captdon
05-11-2019, 07:57 PM
Well, that's how it is when you come back from the greatest recession since the great depression(Rolling eyes)
No,it isn't.
Luther
05-11-2019, 07:59 PM
As usual. I don't know what you're talking about. Neither do you. I have said nothing about where our debt is headed. I know where, but I didn't say where. You know, just thinking someone said something doesn't make it real. Seek help.
I don't know what you're talking about. Neither do you.
You still don't know?
https://www.foxnews.com/politics/trump-signs-1-3-trillion-spending-bill-despite-earlier-threat-to-veto
Captdon
05-11-2019, 08:01 PM
Just stop....
Before going forward: What President had the Great recession to contend with the most?
https://www.thebalance.com/us-debt-by-president-by-dollar-and-percent-3306296
https://www.thoughtco.com/did-obama-double-the-national-debt-3322103
Luther
05-11-2019, 08:02 PM
No,it isn't.
Uh yes it is....
You see?
Here's 700 Billion guy
Here's another 787 BILLION guy
https://en.wikipedia.org/wiki/American_Recovery_and_Reinvestment_Act_of_2009
https://www.forbes.com/sites/mikecollins/2015/07/14/the-big-bank-bailout/#385ee6892d83
Captdon
05-11-2019, 08:04 PM
You still don't know?
https://www.foxnews.com/politics/trump-signs-1-3-trillion-spending-bill-despite-earlier-threat-to-veto
Post something in this thread that pertains to what you have posted about me. I repeat, neither of us knows what you are talking about. One of us,me, know it's bather.
Luther
05-11-2019, 08:08 PM
Post something in this thread that pertains to what you have posted about me. I repeat, neither of us knows what you are talking about. One of us,me, know it's bather.
Post something in this thread that pertains to what you have posted about me
You have poo pooed Trump signing a monstrosity Spending bill
Tahuyaman
05-11-2019, 08:19 PM
us-debt-payments-will-soon-exceed-military-spending
I thought we were there years ago
Luther
05-12-2019, 04:49 AM
us-debt-payments-will-soon-exceed-military-spending
I thought we were there years ago
Nope
Yep, just the service of our debt will be equivalent to the U.S.'s 2nd most chunk of the pie in the budget in 2023
Peter1469
05-12-2019, 04:54 AM
us-debt-payments-will-soon-exceed-military-spending
I thought we were there years ago
Not yet. If interest rates return to their historic average interest on the debt will become our largest expenditure in the discretionary budget.
Luther
05-12-2019, 04:57 AM
Nobody has the political will to be truthful to the American people. The Tea Party did and Mordor on the Potomac went after it with a vengeance when it messed with Mordor's money. I think that we need an austerity program. It is going to hurt. It is going to be very painful. I'm 56 - put it on my generation but lock box the fix. We can do it voluntarily and manage it or we can do it during a crash but it'll be done.
I think that we need an austerity program
Remember these guys?(LOL)
https://www.youtube.com/watch?v=pXXdOs1P3NM
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