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Old 09-12-2019, 03:43 PM  
Donger Donger is online now
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The US deficit topped $1 trillion

https://www.cnn.com/2019/09/12/busin...ust/index.html

Washington (CNN Business)The US budget deficit widened to $1.067 trillion for the first 11 months of the fiscal year, an increase of 19% over this time last year, the Treasury Department reported Thursday.

The current shortfall exceeds the full-year deficit for fiscal 2018, which was $898 billion.

President Donald Trump, who promised during the 2016 campaign to eliminate the federal debt, has instead overseen a dramatic increase in deficits.

The White House's Office of Management and Budget has predicted that the deficit will exceed $1 trillion for the entire fiscal year, which ends on September 30. On Monday, the nonpartisan Congressional Budget Office said the federal deficit had surpassed $1 trillion in the first 11 months of fiscal 2019, according to its budget review.
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Old 09-13-2019, 12:50 PM   #121
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The MIC has always been a behemoth and diversifying their locales (which you don’t really prove in your post) isn’t it. They have unlimited funds and resources to lobby Congressmen and that’s why they get the butter. There are millions of veterans and millions of current servicemen for a “built in base” no industry has. And who doesn’t know a military family?



SocSec is a defined benefit program. It’s parameters can be tweaked here or there but it’s in zero danger (literally zero) of every going bust. By that reason alone, it’s not a Pyramid.
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Old 09-13-2019, 01:03 PM   #122
RaiderH8r RaiderH8r is offline
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Quote:
Originally Posted by Prison Bitch View Post
The MIC has always been a behemoth and diversifying their locales (which you donít really prove in your post) isnít it. They have unlimited funds and resources to lobby Congressmen and thatís why they get the butter. There are millions of veterans and millions of current servicemen for a ďbuilt in baseĒ no industry has. And who doesnít know a military family?



SocSec is a defined benefit program. Itís parameters can be tweaked here or there but itís in zero danger (literally zero) of every going bust. By that reason alone, itís not a Pyramid.
If that were the case, they wouldn't have to tinker with benefits, payments, or qualifying age. Adjusting those variables staves off insolvency. And perhaps the size of the millennial cohort relative to the gen x cohort brings it closer to solvency without adjustments to benefits, payments, or age.
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Old 09-13-2019, 05:49 PM   #123
stevieray stevieray is offline
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I love how people never talk about how much of our debt is interest owed.

The bottom line is Bush trainwrecked this economy and should go down as the worst president in history.

There will be a reckoning. Don't know when. Big economies can stretch things out more.
Clinton caused 57k factories to shut down.

Everybody's hands are dirty.
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