WH projects $1 trillion deficit for 2019

[Pete F.]

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
‏
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

[wdmso]

His supporters can turn any water into wine... just wait and see...
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[Got Stripers]

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.

[JohnR]

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

[Jim in CT]

Originally Posted by JohnR

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

funny how that goes.
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[The Dad Fisherman]

Originally Posted by JohnR

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

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

[Got Stripers]

Originally Posted by The Dad Fisherman

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

Short sighted thinking and I’m not saying addressing climate change is easy or that we in the USA can tackle it on our own. The bill your children and their children’s children will pay will be far bigger than if we address it incrementally over the next decade. The predictions for sea level rise, heat induced droughts, wildfires and impact on agricultural are really startling if they hold true. I’m a big believer in science and not political spin on how that gets interpreted. So you can pay me now or pay me three fold later, both parties and most importantly other countries better figure it out. We should be leading in this effort and this administration doesn’t even believe the science. Since we are celebrating putting a man on the moon, maybe the science that made that possible then and predicts weather changes in the future has more merit than this administration is giving it.
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[PaulS]

Originally Posted by JohnR

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

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?

[Jim in CT]

Originally Posted by PaulS

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?

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.

[The Dad Fisherman]

Originally Posted by PaulS

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?

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

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

[Jim in CT]

Originally Posted by PaulS

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?

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.

[Jim in CT]

Originally Posted by Got Stripers

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.

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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[Jim in CT]

Originally Posted by wdmso

His supporters can turn any water into wine... just wait and see...
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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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[Nebe]

It takes a lot of spending to drain the swamp.
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[Pete F.]

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.

[The Dad Fisherman]

and Obama promised to close Guatanamo Bay.

[Jim in CT]

Originally Posted by The Dad Fisherman

and Obama promised to close Guatanamo Bay.

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

[Pete F.]

Originally Posted by Jim in CT

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

So did Trump

[Pete F.]

Originally Posted by The Dad Fisherman

and Obama promised to close Guatanamo Bay.

And Trump promised to restart waterboarding and a lot worse.

[wdmso]

Originally Posted by The Dad Fisherman

and Obama promised to close Guatanamo Bay.

Who stopped him... oh Republicans never saw that comming
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[The Dad Fisherman]

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

[Sea Dangles]

Recess at the school of hard knocks is in full effect.
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[Sea Dangles]

To be fair, I feel Wayne has more insight than he is able to articulate with words and junk and stuff.
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[The Dad Fisherman]

Should we get him a Chalk Board app or something?

[Sea Dangles]

Are these the same scientist that predict the current weather? How is that working out?
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[Got Stripers]

Keep your head in the sand buddy and if your think the pretty weather girl on your local channel is what I’m referring to, that explains your view of the scientific community☔️☔️☔️
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[Sea Dangles]

It’s a large sample of what the science of weather has to offer on a daily basis.You must be in direct contact with the real experts. But put your faith where you feel safe and roll the dice. Barry Burbank here I come!
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[RIROCKHOUND]

Originally Posted by Sea Dangles

It’s a large sample of what the science of weather has to offer on a daily basis.You must be in direct contact with the real experts. But put your faith where you feel safe and roll the dice. Barry Burbank here I come!
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1. Weather and climate are very different things.
2. I do have direct contact with the ‘real experts’. It isn’t faith it is based on science. Faith belongs in a church.
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[Jim in CT]

Originally Posted by RIROCKHOUND

1. Weather and climate are very different things.
2. I do have direct contact with the ‘real experts’. It isn’t faith it is based on science. Faith belongs in a church.
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it’s based on models. those models rely very heavily, on assumptions
about things like the atmospheres ability to absorb pollution, effect of ocean currents, etc. the more the
model relies on assumptions, the more speculative it is. which explains why their predictions have been so inaccurate. i’m not saying we don’t have a problem to deal with, but let’s be honest about how exact the science is.

you want a model that tells
you how many 65 year olds will
live to age 80, or how many times a
coin will
land on heads if you flip
it 10,000
times, that model is based on hard science. climate change models? not nearly as much hard science.
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[RIROCKHOUND]

Originally Posted by Jim in CT

it’s based on models. those models rely very heavily, on assumptions
about things like the atmospheres ability to absorb pollution, effect of ocean currents, etc. the more the
model relies on assumptions, the more speculative it is. which explains why their predictions have been so inaccurate. i’m not saying we don’t have a problem to deal with, but let’s be honest about how exact the science is.
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No.
A large portion of our understanding is based on direct measurements compared against the instrumental record and against the geological record, including things like ice cores. I am a field scientist, I am inherently skeptical of models, but when models have the ability to align well with observations (see Stephan rahmasdorf’s 2007 paper on sea level rise) using data not used to make the model, I take notice.

This (below) is a nice explanation of how climate models work, particularly about how the point of the models is to show the trends and not make a prediction of a date/time/magnitude. But you know all this, we have been around and around on this before. The whole political forum is a circle jerk of the two sides just aiming at each other same #^&#^&#^&#^&. Boring.....

https://youtu.be/3v9aRQpumPA
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