It was another crazy news week, so it's understandable if you missed a small but important announcement from the Treasury Department: The federal government is on track to borrow nearly $1 trillion this fiscal year — Trump's first full year in charge of the budget.
That's almost double what the government borrowed in fiscal year 2017.
Here are the exact figures: The U.S. Treasury expects to borrow $955 billion this fiscal year, according to a documents released Wednesday. It's the highest amount of borrowing in six years, and a big jump from the $519 billion the federal government borrowed last year.
Treasury mainly attributed the increase to the “fiscal outlook.” The Congressional Budget Office was more blunt. In a report this week, the CBO said tax receipts are going to be lower because of the new tax law.
In other words Obama's debt was the result of Republican mismanaging of the economy, and now so is Donald Trump's.
You know when the Tea Party was first formed one of its main attack points was the national debt, I can hardly wait to hear how silent they will remain about this.
his~tory:
ReplyDelete"Dow suffered its biggest one day drop in history."
http://www.politicususa.com/2018/02/05/trump-dow-suffers-biggest-drop-history.html
https://www.rawstory.com/2018/02/us-stocks-plummet-trump-goes-silent-role-markets/
Delete'Former Obama press secretary Jay Carney on Monday tweeted, “Good time to recall that in the previous administration, we NEVER boasted about the stock market — even though the Dow more than doubled on Obama’s watch — because we knew two things: 1) the stock market is not the economy; and 2) if you claim the rise, you own the fall.”'
I don't hear stockmarket don taking credit for the fall ,is it Obama's fault?
Delete2:09: LOVE this!!!
Delete@3:47 In 2015 he did say it. Dow Joans.
DeleteNot one cent for the terrorist in our white house. In protest of that ugly lying shithole I will not check the box on my tax return to donate to the presidential blah blah until that asshole is arrested and gone. He must be silenced and removed. The FEC has failed America.
ReplyDeletelol.
DeleteOh look, the "lol" guy. Great
DeleteAlways so funny and insightful.
I so agree with you, 1:46 PM! The lard ass needs to be impeached before he annihilates our country and the American people!
DeleteHe makes me hope (you pick the word) comes to him soon in order to save us all!
'lol' ninny^. It's a giggly little thing. The giggles just bounce about its empty noggin.
DeleteIn my 44 years of paying taxes, I have never checked that box and never will.
DeleteHey thanks for the complement 2:28!
DeleteThat fund is for ANY presidential candidate and if they take the money they have a lot of restrictions regarding fund raising, so most don’t use it. Neither Hillary nor Trump used it.
DeleteBreaking News.
ReplyDeleteMichele Bachmann Says She Hasn’t Received Sign From God, Won’t Run for Senate.
Clearly Sky Guy had better things to do.
Actually she did.
Deletehttps://mobile.twitter.com/TheGoodGodAbove
GeorgiaPeach
HAH! Of course He did. More like straw polls ranked her in the highly unfavorable.
Deletehttps://www.rawstory.com/2018/02/disgraceful-bill-kristol-slams-buffoonish-trump-treason-comment-demands-gop-denounce/
ReplyDeleteTrump is the most corrupt and despicable person ever to be President ... by orders of magnitude. He really is a lump of shit.
ReplyDeleteThe Nunes Memo Fail Distracted From Trump’s Open Defiance Of Congress
ReplyDelete...With Trump’s refusal to name Russian bad guys; he is openly defying Congress and part of the Congress is fighting for him more than facts will bear.
So here we are. A president who is breaking the law, who believes he is above the law and that Congress’ purpose is to clean up his messes and rubber stamp his decrees.
http://www.politicususa.com/2018/02/05/opinion-the-nunes-fail-burger-distracted-from-trumps-open-defiance-of-congress.html
OT?
ReplyDeletehttps://www.thelondoneconomic.com/news/centre-brexit-studies-statement-completely-debunks-governments-position-customs-union/05/02/
Trump telling staff today's stock market dip "totally Obama's fault" and that "the next one will be too."
ReplyDeletehttps://twitter.com/RogueSNRadvisor/status/960650606116446208
-1000~Dow 'Joans' <WTF? 2/25/15
DeleteHe wouldn't dare!!! I didn't hear him say that.
DeleteIs anyone but me tired of asking, "are you that effing stupid" to uneducated people who believe that tripe?
Delete666pence in Alaska
ReplyDeletehttps://www.adn.com/alaska-news/military/2018/02/05/vp-mike-pence-to-stop-in-anchorage-on-monday-on-his-way-to-the-olympics/
Oh. That's why I felt ill. Evil. Yuk.
DeleteA friend of a friend of a friend,...indicated he got paid to write code to change names....no not more info.,
ReplyDeleteOmg the russians did fix our election.
Does anyone besides me think the jerk is trying to bankrupt our country? Then he can handle all of us more easily in a dictatorial way!
ReplyDeleteDoes anyone besides you think that Trump himself actually DOES anything?
DeleteIt's not him making any decisions, it's all his players behind the scenes doing the dirty work. Trump golfs, tweets and eats cheeseburgers in bed; he is too stupid to act as a basic human, much less as a dictator.
The stock market is russian money moving. They will not stop now.
ReplyDeleteDidnt dotard release memo telling how our fisa process works, all things are going to russia.
Nope. It's corporate stock holders getting a little nervous that the interest rate will be rising, sure, some of them could be Russian but there's a whole lot of us plain old American investors that moved from stocks to the safer bond market on Friday and today.
Deleteyou mean like the 1929 crash?
Deletewake up. they have BEEN here.
Get intell is what military teaches you.
ReplyDeleteA thing of great beauty.
ReplyDeletehttps://mobile.twitter.com/TrueFactsStated/status/960641708437528578
GeorgiaPeach
Lov it, Lov GeorgiaPeaches.
Delete'Our first “Impeachment Now” is now up! Just north of Richmond, VA!''Apparently it’s just South of Richmond. Oops. Mile 71 marker.'
https://apnews.com/3048a315fe8c4537814574126aaadab6/Markets-waited-a-while-for-a-pullback.-Then,-pow!
ReplyDelete"rump has frequently commented on gains by the market during his first year in office. He has stayed silent in the face of market gyrations over the past week."
BOB MUELLER’S INVESTIGATION IS LARGER—AND FURTHER ALONG—THAN YOU THINK
ReplyDeletehttps://www.wired.com/story/bob-muellers-investigation-is-largerand-further-alongthan-you-think
Thank God for small favors!
DeleteJust take a ruler and extend that line straight up for the next four years and you’ll see how far Trump will put us in debt.
ReplyDeleteLook at how far Obama lowered that line. He almost had it down to before Bush took over. Trump will blow up the debt so high it will take the Democrats 16 years to get it back down. And the Republicans will NEVER take responsibility for putting this spendthrift buffoon in office, protecting and supporting him and enabling him. But their supporters will turn a deaf ear and blind eye and swallow every lie and excuse the Republicans use to blame the Democrats.
I almost shat my pants when I heard that people who are making less than eight dollars lose their tips to their employers under the new tax plan. The employer can use the tips given to his minions and do what he wants with the tips.
ReplyDeleteIsn't that exactly how you'd imagine a slavery country? We are a banana republic. Thanks for nothing asshole Republicans. MAGA does not mean make America great for all just for one class, the rich class. By the time Trump is done with his four years his voters will feel it.
But they will NEVER admit they were duped.
DeleteOur neighbors, who complained throughout President Obama's two terms in office about the national debt, voted for Trump because, of course, Republicans are more "fiscally responsible" than Democrats. I wonder how they feel now. Will they go back to the whining about Democrats and spending if, and when, Democrats are in power again?
ReplyDeleteBeaglemom
This fed mess...
ReplyDeletehttps://m.huffpost.com/us/entry/us_5a78c467e4b00f94fe9408a1?ncid=inblnkushpmg00000009