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US deficit hits $2.8 trillion, second largest in history

Discussion in 'News & Current Events (Articles Required)' started by rockytopva, Oct 23, 2021.

  1. rockytopva

    rockytopva Love to pray! :) Supporter

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    The Treasury Department said Friday that the federal deficit reached $2.8 trillion in fiscal 2021, the second largest deficit in history. This was, however, smaller than the $3.1 trillion set last year.

    US deficit hits $2.8 trillion, second largest in history

    Democrats are moving quickly to pass a multi-trillion-dollar spending bill via budget reconciliation…

    Opinion | What Is in the $3.5 Trillion Reconciliation Bill?

    Trillions and trillion of dollars! I can’t help but to worry that all of this fiscal irresponsibility is going to catch up with us in my lifetime!
     
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  2. Goonie

    Goonie Not so Mystic Mog. Supporter

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    It's is even more irresponsible to leave your infrastructure to go to pot, and fail to deal with the changing climate.
     
  3. MorkandMindy

    MorkandMindy Not Left not Right but Forward Supporter

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    2.8 Trillion dollars is less than it first looks like once it has been distributed among the multi-millionaires and multi-billionaires.

    Then it goes out of the country and buys investments elsewhere.
     
  4. rambot

    rambot Senior Member

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    Should roll back Trump 1.7yrillion tax cuts
     
  5. MorkandMindy

    MorkandMindy Not Left not Right but Forward Supporter

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    Both parties work for the rich; they've been bought.

    Although imperfect, Andrew Yang was the only fair candidate, but the rich also own the media, so they gave him the media blackout and he got zero delegates in the D Party primaries, and the public was largely unaware.
     
  6. rambot

    rambot Senior Member

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    Your governments are letting your infrastructure fall apart and have been for decades. I've seen pictures of bridges that could stand beside thr relics of Soviet Russia.

    But a segment of your population seems lost in a fog of anger.
     
  7. MorkandMindy

    MorkandMindy Not Left not Right but Forward Supporter

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    It certainly is a fog. All the terminology has been messed around so it is impossible to express anything meaningful.

    To get any sense it is necessary to listen to Noam Chomsky or Joe Rogan or Russell Brand or indeed anyone who has the whole picture.
     
  8. Brian Mcnamee

    Brian Mcnamee Well-Known Member

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    HI book of Lev ch 26 and Duet 28 have the laws of blessing and cursing established for the nation of Israel and on the cursing side of the ledger for gross sin and on the path towards ultimate destruction is the idea of being the tail and not the head which clearly states you will be the borrower and not the lender. The US is the largest debtor in the history of money. Now is our debt something like a fatal cancer or is it something that can be rectified.

    I think it is too late and that is what we are seeing in inflation that does not seem to have a ceiling. Now rev 6 shows global conditions reaching a point where peace is taken from the earth and men will kill one another when a days wage is down to a quart of wheat globally. Is this random or is this intentional?

    If you have never heard of the Cloward Pivens strategy this will blow your mind. This is a plan to bring in global socialism and it was conceived in 1966 and we are now seeing the end game of over 50 years of intentional destruction of what used to be free market capitalism and now it is corporate monopolies. The final consolidation of power is about to take place and in between is Rev 6 and out of the Rev we get to chapter 13 where the beast has dominion over every tribe tongue kindred and nation for exactly 42 months.

    The Cloward-Piven Strategy: Orchestrating A Crisis So Government Can “Solve” It | Conduit for Action
     
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  9. essentialsaltes

    essentialsaltes Stranger in a Strange Land

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    TRUMP IS STILL #1! WOOOOO!

    Take that, liberals!
     
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  10. FenderTL5

    FenderTL5 864511320 Supporter

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    I agree, the current Administration was able to lower the deficit in year one. That's something the previous administration was unable to accomplish in any of their four years.
    Bravo.
     
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  11. dqhall

    dqhall Well-Known Member Supporter

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    The increasing money supply increases inflation risk.
     
  12. RestoreTheJoy

    RestoreTheJoy Well-Known Member Supporter

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    Maybe they could actually spend the money they are extracting by the billions on infrastructure, instead of spending millions and billions on pork and nonsense.
     
  13. Hank77

    Hank77 Well-Known Member Supporter

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    ? Can you be more specific, please?
     
  14. RestoreTheJoy

    RestoreTheJoy Well-Known Member Supporter

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    From 2020:
    "Politicians just passed a stunning $2.3 trillion catch-all spending bill, including $900 billion in COVID relief which they claimed was intended to help individual Americans and shore up small businesses.

    But it also contains hundreds of millions of dollars in pork-barrel spending. So now your tax dollars will be given to foreign countries and spent on items like helping remind Americans not to store gasoline near an open flame, and gender diversity for statues.

    Here's a small list of the pork that was added to the COVID relief bill's more than 5,000 pages:

    • Water resources in Tibet. $1 million allocated for the next four years, $8 million per year for the next four years for Tibetan refugees, along with $4 million for the Tibetan government.
    • Gender programs in Pakistan - $10 million allocated.
    • Funding to address "gender inequality" among statutes.
    • $193 million for HIV/AIDS workers so they can buy official vehicles and pay the insurance on those vehicles.
    • Climate change is mentioned throughout the bill, which calls for the creation of a "Climate Security Advisory Council."
    • Invasive Species. Congress allocated $130,000,000 for species assessment, mitigation and reductions.
    The bill also creates a commission to educate "consumers about the dangers associated with using or storing portable fuel containers for flammable liquids near an open flame."

    From the current multi trillion dollar monstrosity Biden is trying to pass: https://spectator.org/infrastructure-bill-poison-pill/


    "The Infrastructure Investment and Jobs Act passed in the United States Senate on Tuesday morning with a vote of 69-30. The $1.2 trillion spending package is a bipartisan alternative to President Joe Biden’s initial $2.7 trillion American Jobs Plan, and 19 Republicans in the Senate, including Senate Minority Leader Mitch McConnell, voted in favor of it.

    The infrastructure bill does contain several hundred billion dollars worth of funding for the nation’s decaying roads, bridges, and railways, but it also contains frivolous regulations on pet projects of the American bureaucracy, leverages additional taxes on the American people, and pushes policies that undermine national sovereignty.

    Politicians, primarily Democrats, at the national level have redefined ‘infrastructure’ as anything that serves as a means to an end

    The legislation stipulates on page 1,066 that “to ensure the prevention of alcohol-impaired driving fatalities, advanced drunk and impaired driving prevention technology must be standard equipment in all new passenger motor vehicles.”

    The bill says on page 2,434 that “any person who (for consideration) is responsible for regularly providing any service effectuating transfers of digital assets on behalf of another person” is to report information about cryptocurrency transactions and file taxes as brokers on these assets.

    There are provisions for pilot programs for taxing drivers PER MILE (meaning everyone will be tracked to ensure that he is paying his money per mile).

    "Tree equity":
    Agriculture Committee earmarked $3 billion to plant trees — but not just anywhere. Instead, the program promises “a priority for projects that increase tree equity.”

    ... the concept “identifies the cities that can gain the most significant health, economic and climate benefits by increasing tree canopy in places of high need.”

    Bias training in health care (sorry, this is not infrastructure either): $25 million for “anti-discrimination and bias training” in health care

    79 Billion for tax enforcement - also not infrastructure.

    We need STANDALONE bills in Congress such as are required by many states.

    There is a lot more that has zero to do with "infrastructure":
    • To qualify for $39.6 billion in federal grants, a government school system must submit “a local facilities master plan to address the health, safety, education equity, enrollment diversity, environmental sustainability and climate resiliency of the public-school facilities operated by such agency.” (Page 55)
    • This bill earmarks “Tuition assistance for Alaska native-serving institutions, Asian-American and Native-American Pacific Islander-serving institutions, Native American-serving nontribal institutions, native Hawaiian-serving institutions, and predominantly black institutions.” (Page 127) Irish need not apply.
    • The $1 billion “Electric Vehicle Charging Equity Program” would “give priority to projects that . . . utilize or involve locally owned small and disadvantaged businesses, including women and minority-owned businesses.” (Page 465)

    • BBBA mandates “promoting equity” in Medicaid’s home- and community-based services. (Page 575)
    • $1 billion, in part to employ “faculty from racial and ethnic groups who are underrepresented among the medical and other health professions.” (Page 676)
    • $175 million for maternal-health facilities that display “racial and ethnic disparities,” even if unrelated to racism. (Page 696)
    • $100 million for “cybersecurity workforce development and education” at “minority-serving institutions and community colleges.” (Page 897)
    • $750 million for research on family- and medical-leave benefits and disparities involving “race, color, ethnicity, religion, sex, sexual orientation, gender identity, disability, age, national origin, family composition, or living arrangements.” (Page 1,288)
    • Pursuant to federal decree, employers must provide, “to the extent available,” information on the races, sexes, sexual orientations, gender identities, and other characteristics of paid-leave beneficiaries “for the purposes of promoting equity.” (Page 1,310)
    ALL NOT INFRASTRUCTURE -

    And the final one is horrifying. It is NONE of the government's business to know anything about personal characteristics of employees.




     
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  15. NxNW

    NxNW Well-Known Member

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    Remember, Ronald Reagan proved that deficits don't matter. - Dick Cheney, 2002
     
  16. Desk trauma

    Desk trauma Chronic political homeless Supporter

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    *if a republican is in the White House, otherwise it's the death of the republic!
     
  17. rockytopva

    rockytopva Love to pray! :) Supporter

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    If taxes do not pay these trillions of dollars (along with all the interest) the US Treasury will have to. Which will result in inflation. Taking the family out to eat may soon cost hundreds of dollars!
     
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  18. rockytopva

    rockytopva Love to pray! :) Supporter

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  19. Desk trauma

    Desk trauma Chronic political homeless Supporter

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    At one station cashing in on its remoteness.
     
  20. ThatRobGuy

    ThatRobGuy Part of the IT crowd Supporter

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    Not to worry, we can just print more money whenever we need it.

    It's not like hyper-inflation has ever ruined any nations' economies before.

    We can just blame the "Bourgeoisie" for all the ills of the nation and claim it's because they're not paying enough in taxes.

    If there's one thing we know for certain, it's that it's not not the fault of entitlement programs done in the name of covid relief that paid people to stay home. The worker shortages have to be from something else.
     
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