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Thread: Deficit surpasses $1 trillion: CBO

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    Deficit surpasses $1 trillion: CBO

    Deficit surpasses $1 trillion: CBO

    We need to stop voting for dems and repubs. They are spending way too much money. Someday we will pay for it. And most will suffer greatly.

    The federal deficit surpassed $1 trillion in the first 11 months of fiscal 2019, the Congressional Budget Office (CBO) said Monday.


    The deficit presently stands at $1.068 trillion, though it is likely to be reduced in September as quarterly tax payments are paid.
    Read the rest of the article at the link.
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    ofthecross's Avatar Junior Member
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    From my understanding...deficits don't matter..?

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    DGUtley's Avatar tPF Moderator
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    They matter. This is crazy. We will eventually crash.
    Any time you give a man something he doesn't earn, you cheapen him. Our kids earn what they get, and that includes respect. -- Woody Hayes​

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    zachroidott's Avatar Senior Member
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    Quote Originally Posted by DGUtley View Post
    They matter. This is crazy. We will eventually crash.
    We’ll default. It’s why we spend on military. Won’t help the plebes(me).

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    Dr. Strangelove's Avatar Senior Member
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    Quote Originally Posted by ofthecross View Post
    From my understanding...deficits don't matter..?

    That's what the so called fiscal conservatives say now!
    It only matters to them when Dems rule!
    As democracy is perfected, the office of president represents, more and more closely, the inner soul of the people. On some great and glorious day the plain folks of the land will reach their heart's desire at last and the White House will be adorned by a downright moron. --H.L. Mencken,

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    Quote Originally Posted by Dr. Strangelove View Post

    That's what the so called fiscal conservatives say now!
    It only matters to them when Dems rule!
    Incorrect.
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  7. The Following User Says Thank You to Peter1469 For This Useful Post:

    Captdon (09-15-2019)

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    donttread's Avatar Senior Member
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    Quote Originally Posted by Peter1469 View Post
    Deficit surpasses $1 trillion: CBO

    We need to stop voting for dems and repubs. They are spending way too much money. Someday we will pay for it. And most will suffer greatly.



    Read the rest of the article at the link.
    I have long pointed out to the big government repubs and trumpkins but it's excuses just like the big government dems.

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    Tahuyaman's Avatar Senior Member
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    Quote Originally Posted by Dr. Strangelove View Post

    That's what the so called fiscal conservatives say now!
    It only matters to them when Dems rule!
    These's not one single fiscal conservative who says deficits don't matter. Just once in a while you would be well served if you demonstrated that knew what you were talking about.

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    Captdon (09-15-2019),Peter1469 (09-15-2019)

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