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US Budget

U.S. Federal Debt to exceed size of Economy….

February 11, 2021 By jamesb Leave a Comment

The US Government rarely has a balanced budget... (It is unique in that the government prints the money) But as long as your dollar buys you what we all agree is a dollars worth of products or services and the government pays its bills? Things are fine... Joe Biden is … [Read more...] about U.S. Federal Debt to exceed size of Economy….

Filed Under: Government, Other Things, Politics, the Economy Tagged With: Balanced Budget, CBO/Congressional Budget Office, Congress, Politics, The US Economy, US Budget, US Debt, US GDP, US Spending, virus

US Budget deficit climbs to almost the last recession level….

October 25, 2019 By jamesb

President Obama left with the deficit and the countries debt around $500 Billion..... With Trump0 and the Republicans cutting income thru the 2017 tax cut and two years of budget increases with their then majority congress the gap in spending vs revenue has widen by almost … [Read more...] about US Budget deficit climbs to almost the last recession level….

Filed Under: Government, Politics, the Economy Tagged With: Budget deficit, Congress, Politics, Recession, tax cut of 2017, The economy, Trump/Republicans, US Budget

The American Government spends almost a Trillion Dollars MORE than it takes in….

October 8, 2019 By jamesb

Actually? It's a $984 Billions... Anybody out there have a check book THAT unbalanced? And Trump and Republicans have hinted at a another possible tax cut? The government ran a budget deficit of just under $1 trillion in the just-closed fiscal year, the Congressional … [Read more...] about The American Government spends almost a Trillion Dollars MORE than it takes in….

Filed Under: Government, Law, Politics, the Economy Tagged With: Congress, Politics, Trump, US Budget, US/American Deficit

U.S. deficit to expand by about $800 billion more than previously expected….

August 21, 2019 By jamesb

The money US over spend's just keeps growing and GROWING...... America’s federal deficit will expand by about $800 billion more than previously expected over 10 years due primarily to two legislative packages approved this year, pushing the nation further into levels of debt … [Read more...] about U.S. deficit to expand by about $800 billion more than previously expected….

Filed Under: Government, Politics, the Economy Tagged With: Politics, US Budget, US Budget deficit, US Economy, US Govt. spending

A 2 year US budget deal appears to be close …..

July 22, 2019 By jamesb

There does not appear to be any taste for a government,ent shutdown by the Donald Trump who , in the deal, has to deal with House Democrats led by Nancy Pelosi... The days of Republicans's doing their 'own thing' are over.... Democrat have also had to compromise.... It's … [Read more...] about A 2 year US budget deal appears to be close …..

Filed Under: Government, Law, Politics, the Economy Tagged With: Debt Limit, Mnuchin, Pelosi, Politics, Trump, US Budget

With their House Majority gone?…Republicans fight among themselves over the next budget…

July 5, 2019 By jamesb

House Democrats led by House Speaker Nancy Pelosi are NOT going to rubber stamp the HIUGE money increases for the military or give money for a Trump border wall.... They ARE going to hold out for more spending on domestic programs, something Republican do NOT like to … [Read more...] about With their House Majority gone?…Republicans fight among themselves over the next budget…

Filed Under: Government, Law, Politics Tagged With: Congress, Defense spending, House Democrats, Politics, Republicans, Trump admin spending, US Budget, US Economy slows

Republicans worried about possible government default under Trump….

June 16, 2019 By jamesb

Huge tax cuts.... Trade Wars.... Increased budget spending.... Mushy Economy.... Donald Trump....The guy who loves debt..... America ..... The GOP dysfunction — coupled with a new House Democratic majority with its own priorities — leaves the sides much farther … [Read more...] about Republicans worried about possible government default under Trump….

Filed Under: Government, Law, Politics, the Economy Tagged With: McConnell, Pelosi, Politics, The economy, Trump Admin, US Budget, US Default, US Spending caps

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