WH projects $1 trillion deficit for 2019
 

He beat Obama again!

His next tweet could be NOBODY grows deficits in a booming economy like I do.

The White House projects that the federal deficit will surpass $1 trillion this year, the only time in the nation's history the deficit has exceeded that level, excluding the four-year period following the Great Recession.

"The 2019 deficit has been revised to a projected $1.0 trillion," the White House Office of Management and Budget (OMB) wrote in its midyear review.

As a candidate, President Trump promised to wipe out not only the deficit but the entire federal debt, which has now surpassed $22 trillion.

As usual there's a tweet or two for that...........

Donald J. Trump
‏
Our $17T national debt and $1T yearly budget deficits are a national security risk of the highest order.

11:12 AM - 13 Nov 2012
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GDP growth during the four quarters of 2018 was the fastest since 2005. This Administration is the first on record to have experienced economic growth that meets or exceeds its own forecasts in each of its first two years in office. GROWTH is beating MARKET EXPECTATIONS!

9:00 AM - 18 Mar 2019

His supporters can turn any water into wine... just wait and see...
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Hey 27,000, best president ever, unless your one of the over 50% of working Americans who don't have a dime invested in the market, or are one of a fair percentage of those who our president just suggested you take it on back to where you came from.

Wish y'all actually cared about this going back 15 years

a trillion dollar deficit is bad. it was bad when obama did it, it’s bad when trump does it. did you or wdmso comain
when obama did it every year? i
missed that.

record stock markets help everyone, even those not in the market. because the wealthy people who are in the market, pay capital gains taxes. that’s good. because when states have more tax revenue, they can help more people. hope i’m not going too fast for you.

orangemanbad
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do higher stock market returns help fund your pension, yes or no? think carefully about where the money comes from that funds your pension.
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funny how that goes.
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Spent a lot of time worrying about the planet our kids will inherit, but not about the bill.

at least we've done away with that scurge of the sea, the plastic straw

So your saying the Dems. didn't care about it in the past (even though Bush left us with the worse economy since the great recession and most economist say you need deficit spending to get the econ. rolling) but the Reps did? So what party is showing the hypocrisy?

Wasn't another of Trump's promises that he would wipe out the deficit and the debt?

When do we get tired of winning?

It takes a lot of spending to drain the swamp. :rolleyes:
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No, he's saying that on this issue, there's almost nothing but partisan hypocrisy, as those who like the sitting POTUS say nothing about massive deficits, while those in the opposing party say the deficits will kill us all. Then when a POTUS from the other party gets elected, everyone says the opposite.

I didn't see you, WDMSO, or GS worry about deficits when Obama racked them up. But they sure matter now. John R worried about deficits then, and he does now. So do I. If you thought annual trillion dollar deficits were bad under Obama, I missed that concern.

Sorry but that is a lie. During a recession, you need spending to get the economy rolling. I don't think either of them posted much if at all when Obama was Pres. Plus Trump told us he was going to wipe out the debt and deficit.

the ability to quote things that were never said is uncanny.

simple math 2019 - 15 = 2004 (Bush's 2nd term)

Please tell me what Bush did, to cause that crash?

That crash was caused because BOTH PARTIES repealed Glass Seagal, which allowed banks to engage in investments. It occurred because banks were willing to make stupid loans, because consumers were willing to take on those stupid loans of their own free will, and because those loans were bundled into fishy derivitives that no one understands.

When the market crashed, Bush was POTUS, and the democrats controlled both chambers of Congress, right? But it's all Bush's fault.

There are times when deficit spending works but then the piper must be paid. But you can't keep borrowing and spending forever.

As a result, today, our kids & GKids are inheriting 22 Trillion in debt (and probably another 100T+ in obligations)

BOTH PARTIES - both sides, see that Wayne ; ) - got us here

The $750B "stimulus" bill, which was supposed to create god knows how many shovel-ready jobs, wasn't optional? That was mandatory?

The bailout was expensive, but most was paid back with interest I believe.

Obama believed in quantitative easing, which is expensive but eventually worked. He also inherited the wars which are insanely expensive.

Some of his spending was inherited and necessary. Some was absolutely at his discretion.

No lies, no sir. I don't need to, because my goal isn't to blindly defend one ideology and attack the other. I have no problem with facing whatever the truth is, I'm not Pete or Spence.

Still trying to fix stupid?
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The national debt passed $22 trillion earlier this year, which is the largest amount ever.

During his 2016 campaign, President Trump promised to eliminate the nation’s debt.

and Obama promised to close Guatanamo Bay.

And to pass immigration reform. How'd that promise work out?

And Trump promised to restart waterboarding and a lot worse.

So did Trump

In case you haven't noticed a pattern, politicians promise a lot, rarely deliver. It's nothing new

Recess at the school of hard knocks is in full effect.
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says the dumbest person here who never adds anything other childlike insults.

I know that Thanks

I agree you can't continue borrowing and spending. That is why Clinton and Obama both raised taxes - to bring in more revenue. Subsequent to that, the def. went down. If you want to say the Dems. always increase taxes, I'd agree with you.

Your correct you and others were crying about deficts. And now your not. Again turning wine into water ...
Its a predictable pattern
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Who stopped him... oh Republicans never saw that comming
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Yep everything equal keep convincing yourself its that simple
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woooo boy, your superior intellect sure showed us. You better take a break. That hamster must be plum tuckered out from spinning that wheel at that RPM