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#MAGA: Federal Deficit Jumps 32 Percent, Hits $895 Billion for Fiscal 2018!

The economy might be humming but when are we going to have to, you know, pay for the party already?

Georgetown Book StoreGeorgetown Book StoreNever let it be said that Donald Trump and congressional Republicans don't know how to spend money. According to the Congressional Budget Office (CBO), these guys have been slapping down government plastic like the bill is never, ever going to come due:

The federal deficit hit $895 billion in the first 11 months of fiscal 2018, an increase of $222 billion, or 32 percent, over the same period the previous year, according to the Congressional Budget Office (CBO).

The nonpartisan CBO reported that the central drivers of the increasing deficit were the Republican tax law and the bipartisan agreement to increase spending. As a result, revenue only rose 1 percent, failing to keep up with a 7 percent surge in spending, it added.

Read more here.

Some of that increase was due to "timing effects," such as holidays that meant some outlays were made in August this year and September last year. But even when you account for all that, says CBO, the increase in spending still comes to 4.7 percent and the increase in the deficit is $154 billion. Remember, that's with a Republican Congress and president. Isn't the GOP supposed to be the party of fiscal discipline?

Spend, spend, spend has been the federal mantra for virtually all of the 21st century, whether the presidents and majorities were Republican or Democratic. True, there was a flattening of spending for a coupla-three years a while ago, but that was only after a major upchucking of funds at the very end of the Bush years and start of the Obama era (TARP, other bailouts, and stimulus plans weren't going to pay for themselves). The chart below shows total federal spending in nominal dollars and the trend line isn't a pretty picture if you believe that government spending is a major indicator of how much control the government wields over your life:

US Government SpendingUS Government Spending

Federal budgets of $2 trillion quickly gave way to ones spending more than $3 trillion and, well, why not just kick it up to $4 trillion? As Reason's Peter Suderman noted recently in The New York Times, neither party has even pretended to be serious about deficits and debt for a very long time, so runaway spending shouldn't be surprising.

But that doesn't mean the rest of us shouldn't be concerned. Over the course of this century, more and more of federal spending is deemed "mandatory," meaning that it's not subject to annual reviews or course corrections. On top of that, the single-largest "discretionary" outlay is defense spending, which always seems to go up, too. As the CBO notes in its latest monthly budget review, which covers the first 11 months of fiscal 2018, there's very little restraint.

CBOCBO

The return of trillion-dollar deficits is not a welcome development, especially given all the debt our government is already carrying. The federal government's total or gross debt—the amount it owes to the public and to itself—has been over 100 percent for the past seven years. Economists on both the right and the left agree that long periods of such high levels of debt depresses economic growth, sometimes for decades. It's good news that economic growth in the last quarter clocked in at over 4 percent in annualized terms, but there's every reason to believe that spending more and more money that you do not have doesn't end well, for individuals or for nations.

The CBO projects economic growth over the next decade to average just 1.9 percent a year over the next decade, which compares incredibly poorly to average annual rates of about 3 percent for much of the period between the end of World War II and the start of the new century. Pushing for fiscal discipline, regardless of which party is in power, isn't something you do for style points; it's one of the underpinnings of strong, long-term economic growth that improves living standards.

Related: "Why We Need Less Debt, and Fast!"

Photo Credit: Georgetown Book Store

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  • Diane Reynolds (Paul.)||

    So Paul Krugman is finally getting the administration he always wanted?

  • SQRLSY One||

    Yes, let's try Krugman's proposal to mint trillion-dollar coins, and keep then in the treasury as security to guarantee our fed loans! We can then not only stay in Afghanistan for another 17 years, we can take over the rest of the solar system as well, for the next thousand years! Thousand-year Reich, here we come!

  • Scarecrow Repair & Chippering||

    Thousand-year Rich, here we come!

    FTFY

  • SQRLSY One||

    http://en.wikipedia.org/wiki/Trillion_dollar_coin

    You cannot make this shit up!!! And sad to say, you can't make Paul Krugland shut up, either!!!

  • Last of the Shitlords||

    A few years back Krugman made a bunch of personal attacks on Bill O'Reilly in his column. Tim Russert had them both on his Sunday show and Krugman looked afraid for his life, and even commented that he was afraid O'Reilly might beat the hell out of him.

    I would pay good money to see that happen.

  • David Nolan||

    For how much longer ill we have that good money? In what is now the Republicans New Deal.
    (Krugman for the win)

  • swampwiz||

    Uh, Krugman's trillion-dollar coin was a way to get around the ridiculous schema that Congress needs to increase the debt to pay for the spending it has authorized.

  • David Nolan||

    Not quite.

  • Chipper Morning Baculum||

    From that chart, it almost looks like spending did not increase much under Obama. Is that correct?

  • JesseAz||

    He included tarp and bailouts from 09 as part of the baseline budgeting from 10 and on. Those one time expenditures were included AS THE BASELINE in all future Obama budgets. So yes. Obama increased spending.

  • Nardz||

    During his 8 years, $9 trillion was added to the debt.

    That's an average of $1.125 trillion per year.

    But yea, Obama totally reduced the deficit.

    (As I explained to a D-leaning friend of mine who didn't know the difference between debt and deficit. If I have $10 in my wallet and spend $20 on lunch, I have a deficit of $10 and a debt of $10. The next day, I have $10 in my wallet again, but spend $19 on lunch. I have reduced my deficit from $10 to $9, but I have increased my debt to $19. I don't know if his voting habits changed, but he did pause and say he'd never realized that and would have to think about it. I'd wager he still votes D majority of the time, but will also now vote 3rd party, since the Rs - as Reason loves pointing out - aren't giving him much cause to swing their way out of fiscal considerations)

  • Sarah Palin's Buttplug||

    During his 8 years, $9 trillion was added to the debt.

    Because Obama inherited a deficit of over $1 trillion from the Bushpigs which he cut in half.

    Now the GOP has doubled the deficit again with the Con Man.

    Read the Fucking Article.

  • Last of the Shitlords||

    Cunt, you've been slapped around in this so many times now. Not even going to bother straightening you out again.

    You're just a stupid, nasty little bitch with nothing to contribute but willful ignorance and lies.

  • Wizard4169||

    Obama promised to cut the deficit in half. (Real bold, we're still driving towards the edge of the cliff, just a little slower.) He kept this promise, but mostly on a technicality. Handed a wildly inflated baseline, he managed to get back to where we were before. Plus, as long the President had a D after his name, Republican congresscritters managed to cling to some sliver of backbone on controlling spending. With a nominal R in the Oval Office, they wasted little time chucking any semblance of responsibility

  • David Nolan||

    During his 8 years, $9 trillion was added to the debt.

    Trump added more! In less than two years -- without tax increases and/or spending cuts in 8 years,

    But Hillary would have been worse.

    Trumpsters are correct. Adding debt through tax cuts us letting us keep more of our own money, Only those socialist Democrats increase debt by spending more of my money

    What? You're a damn fool. It is indeed my own money. Stop saying it's my kids' and grandkids' money. I am NOT a thief.

    ====

    Which is true?.
    a) MAGA
    b) Left - Right = Zero

  • Sarah Palin's Buttplug||

    Bush's TARP and the ARRA were one time supplemental bills that don't exist anymore and are not part of any "baseline", you dumbass.

    Forbes ran an article that pointed out that Obama increased spending less than any POTUS since Eisenhower.

    The chart is correct you ignorant redneck.

  • Last of the Shitlords||

    Kill yourself you lying cuntard .

  • DesigNate||

    You have been shown, with actual fucking cites, the year over year spending from 2008. The fact that you can't accept objective fucking reality (reality in the chart proving you dead fucking wrong), is astounding.

  • Ellis Wyatt||

    World comes to end.
    Trumptrolls claim another victory.
    MAGA! ONLY TRUMP COULD END GLOBAL WARMING!

    Pay attention turd brains.

    Obama inherited the 2nd worst recession since the 1930s. From Dubya.

    Trump inherited longest recovery EVER, for an incoming President. From Obama.

    The rest is nits and bullshit.

    Watch this very page, as Trumptrolls lie, evade and forget. Just like their Orange Jesus.
    While they debate angels on pinhead, Trump's New Deal has begun..
    Is he STILL a Democrat?

  • Sarah Palin's Buttplug||

    In the four years since 2009, the final budget year under President George W. Bush, federal spending has fallen by $63 billion, or 0.45%. It's the first decline in federal spending over a four-year presidential term since Harry Truman sat in the Oval Office just after World War II.

    Obama cut spending over a four year term (slightly)

    For you morons.

  • Mickey Rat||

    By not getting any of his high spending budgets passed for the majority of his administration.

  • DarrenM||

    Spending seems to be minimized (less terrible) with different parties in control of Congress and the Presidency.

  • Ellis Wyatt||

    So how did Trump ALREADY create the most new 8-year debt EVER?
    8-year forecast, unless tax hikes or spending cuts/

    Democrats fuck us on spending.
    Republicans fuck us on taxes.

    BUSH created $1.2 Trillion of "Obama's" debt
    Medicare Prescriptions were "paid for" by looting the INCOME TAX.
    $330 billon (est) this year alone ... over 20% of the personal income tax ... BORROWED, NOT DEDUCTED FROM THE TRUST FUND. Republicans.

    Left -Right = Zero

  • Bubba Jones||

    The 2009 spending included the Obama stimulus passed in early 2009. It wasn't W's budget.

    W's TARP bailout was actually paid back.

  • Bubba Jones||

    Fun fact. They took the stimulus passed in spring 2009 by Obama and pretended it was Bush's spending from the 2008 budget cycle.

  • Ellis Wyatt||

    Question for an actual Bubba:

    How did Trump "manage" to ALREADY add more debt than Obama?
    (If no tax hikes or spending cuts for the next 6-1/3 years)

    Trump did promise to pay off the debt in 8 years,
    Only $31 Trillion to go!
    MAGA!!

  • sharmota4zeb||

    The nonpartisan CBO reported that the central drivers of the increasing deficit were the Republican tax law and the bipartisan agreement to increase spending. As a result, revenue only rose 1 percent, failing to keep up with a 7 percent surge in spending, it added.

    Revenue is up. The problem is spending.

    Fun fact: when your local drug "addict" checks into a hospital for a checkup from the neck up, the hospital can bill medicare over $2,000 per day and keep him there for a couple of weeks easily.

    Perhaps we could save money if we allow medicare and medicaid to cover up to $100 in stripper costs for anyone diagnosed with depression who is willing to try that alternative treatment. A shrink charges about $200 per month for evaluations, and the medication cost at least $300 per month. Now that it's common for the shrink to prescribe multiple pills, the medication bill can easily climb to over $1,000 per month. It's time to seriously consider the cost benefit trade off of certifying strip clubs as valid alternative cures for clinical depression.

  • Diane Reynolds (Paul.)||

    That's why the insurance industry embraced "alternative medicine". It's a lot cheaper to send you to acupuncture for a $20 visit where you benefit from the placebo effect than it is to give you real healthcare.

  • SQRLSY One||

    Sugar pills (placebos) are even cheaper yet! They work for some patients even if they KNOW that they are just sugar pills!!! (They've known about that one for a while now). Now, above and beyond that, brain scans are starting to be able to tell WHICH patients can benefit from knowingly taking sugar pills!

    http://www.sciencedaily.com/re.....133542.htm

    Sugar pills relieve pain for chronic pain patients
    Placebo benefits can be predicted by brain anatomy and psychological traits

  • Cynical Asshole||

    It's time to seriously consider the cost benefit trade off of certifying strip clubs as valid alternative cures for clinical depression.

    Legalizing weed and prostitution wouldn't hurt either. Libertarian Moment, FTW!

  • Nardz||

    Word

  • sharmota4zeb||

    :)

  • Francisco d'Anconia||

    But I still have checks left

  • Horny Lizard||

    Awkward.

  • Bronze Khopesh||

    The economy is doing fine. Nobody is on the hook for any of this. As long as there's no or little inflation and your taxes don't go up what do you care about this "deficit" or this "debt." Also, regardless of what you may have heard, the US federal government cannot go bankrupt.

    People have been going about the "debt" problem since WW2 at least and it's not been an impediment to anything people want to do in this country. The same with deficits. When was the last time the deficit caused you a problem? If it doesn't cause inflation then that's just extra money circulating in the economy and that means more spending power for individuals.

    There are legitimate arguments about what the money is being spent on, but the spending of money by the federal government into the economy is not a concern.

    The debt isn't really debt at all. It's a bunch of savings accounts that pay a bit of interest. The government hasn't borrowed that money as it doesn't need to borrow. It incentivizes people to park their money there to draw money out of the economy. It's an anti-inflation tactic.

    And a little bit of the "debt" is paid off all the time as interest is paid and mature Ts get paid off. And they're paid off by the creation of new money, not tax money and not borrowed money.

  • Bronze Khopesh||

    No one reading this, in fact, no one person anywhere pays for that. The money is created as needed and issued into the proper accounts.

    The federal government creates all the money it needs. Why would it need to borrow? If you could create your own money at will and people accepted it would you ever go through the hassle of borrowing it back from people? No, you would just enter a few keystrokes on your computer and have the exact amount you wanted to spend.

    And money created by the US government will always be accepted by people within the physical domain of the US government as they need it to pay taxes and they have to accept it under the legal tender law. And, as said above, you can get a bit of interest by putting it into the safest savings vehicle in the world. So there will always be demand for the US dollar.
    And that's why the US government cannot go bankrupt. It can always create the money it needs to pay it's bills and that money will always be accepted. And once the money is accepted the bill is paid and thus bankruptcy is averted!

    Now all of the above is a thoroughly statist point-of-view. And this is a libertarian site dedicated to the reduction or elimination of government. I get that. The thing is nations or states or nation-states have been around a long time and they're not going anywhere. So I look at what is, not at what won't be.

  • Bronze Khopesh||

    I'm a statist not because I like the idea, in fact I'm appalled a lot of the time by the behavior of our supposed employees, but because the reality is that states exist and will continue to exist and it's best to deal with that as reality and make the best of it.

    And that means not fretting over spending as such but trying to control what the money is being spent on. So don't worry about non-issues like the debt or the deficit. Instead concentrate on making sure the money gets spent on things that are at least useful and add to the stock of wealth in this country, even if these things were not produced in the most efficient way. And try to stop things that degrade the country like the drug war and sending police agencies military equipment or bailing out industries that needed to collapse.

    If you're an anarchist then none of this applies to you of course. But if you believe in having a government, regardless of how small you want it to be, then this does apply to you because there will always be taxes, government bonds, spending, deficits and interference in markets thorough various mechanisms. That's just reality.

  • Bronze Khopesh||

    Lastly, I know that people like to bring up Weimar Germany and Zimbabwe and recently Venezuela as examples of hyper-inflation as a result of money creation but these were all caused by things other than money creation. Namely the artificially constrained supply of goods. Supply went down due to government interference in markets and thus prices went up and money was created to catch up to the prices. That didn't work and things spiraled out of control.
    The US has never even flirted with hyper-inflation not even during the 70s (Though things got a bit dicey during the Civil War). And it's not going to start now, so relax. We are not going to turn into Weizibezuala.

  • SQRLSY One||

    Venezuela prints all the money as it needs, every microsecond as well. And they are fantabulously wealthy! On paper at least...

    "Supply went down due to government interference in markets and thus prices went up and money was created to catch up to the prices. That didn't work and things spiraled out of control."

    And Der TrumpfenFuhrer's trade wars do not qualify as "government interference in markets", nor do endless blank checks for more and more spending, more and more fed debt, coupled with tax cuts... 'Cause reasons!!!!

  • Nardz||

    Says the guy arguing for an expansion of EPA regulations.

  • SQRLSY One||

    Yeah that's me!!!! http://reason.com/archives/201.....ions/print

    Whole Foods' John Mackey on Veganism, Gary Johnson, and How Regulation Is Stunting Innovation

    MACKEY: We're dealing with a toxic waste issue...disposal of multiple vitamins that have selenium in them. They have a little few micrograms and that's been classified by the EPA as a toxic waste.

    reason: What is selenium?

    MACKEY: Selenium is a trace mineral that we need nutritionally but only in very small little amounts. So when we're...what do we do when multiple vitamins are returned to us for some reason they're dissatisfied. We take it back. Well, because it has selenium in it we can't just throw that in the landfill of which of course we did. We just throw it in the trash. That now has to be disposed of as a toxic waste. Well, I mean that sets up a whole toxic waste disposal system for vitamins that people are eating, okay? I would say that seems like kind of a nonsensical regulation. But there's all types of employment regulations. Very...it's increasingly difficult in the United States to be able to terminate anyone, particularly anyone that's in a protected class. The amount of paperwork that you have to track and even then you're probably still going to get sued and very likely you'll either lose you'll have to settle.

    SQRLSY comment:
    We need more EPA enforcement like this!!!

  • SQRLSY One||

    Shorter Bronze Khopesh:

    Weimar Germany, Zimbabwe, and recently Venezuela were / are just wusses and tiny little limp-dicks. USA is too big to fail, so we can get away with what they could not get away with!

  • Ellis Wyatt||

    SATIRE OF THE CENTURY

    Bronze Khopesh can't fool ME. It's a sock puppet of Monty Python!

    Doing his impression of a Trumptroll.
    In the same vein as The Department of Silly Walks.

    I'm selling tickets.

  • swampwiz||

    Of course, if the USD were to collapse, it would fix the problem of the Trumpist blue-collar folks being underbid by the factory workers in JINA.

  • David Nolan||

    How so?

  • Sarah Palin's Buttplug||

    The federal government creates all the money it needs.

    That is what the Modern Monetary Theory (MMT) lunatics claim.

  • David Nolan||

    They confuse easily,

  • DarrenM||

    and people accepted

    And when they don't because they realize the money they accept today will be worth less tomorrow and even less the day after tomorrow?

  • David Nolan||

    That's been true for roughly a century.

  • BestUsedCarSales||

    The money is created as needed and issued into the proper accounts.

    The federal government creates all the money it needs. Why would it need to borrow? If you could create your own money at will and people accepted it would you ever go through the hassle of borrowing it back from people? No, you would just enter a few keystrokes on your computer and have the exact amount you wanted to spend.

    And money created by the US government will always be accepted by people within the physical domain of the US government as they need it to pay taxes and they have to accept it under the legal tender law. And, as said above, you can get a bit of interest by putting it into the safest savings vehicle in the world. So there will always be demand for the US dollar.
    And that's why the US government cannot go bankrupt. It can always create the money it needs to pay it's bills and that money will always be accepted. And once the money is accepted the bill is paid and thus bankruptcy is averted!

    Now all of the above is a thoroughly statist point-of-view. And this is a libertarian site dedicated to the reduction or elimination of government. I get that. The thing is nations or states or nation-states have been around a long time and they're not going anywhere. So I look at what is, not at what won't be. Therefore we're stuck with coercive governments just as we have been for the last 5000+ years and that's not going to change in any of our lifetimes.

  • BestUsedCarSales||

    So, when I loaded this page on my phone, all this text was in my comment box already. So I posted it, and now see this was someone else's post that was not yet posted when I came to the page.

    What the hell is going on with the Reason servers?

  • BYODB||

    In Soviet Reason, comment posts you!

  • BestUsedCarSales||

    He was 34 characters over the limit, and the box on my page informed me of this. So somehow he posted, it failed, and got kicked back to my client, error message and all.

  • BYODB||

    Don't forget that it also posted the comment even though it was over the ostensible size limit. Imagine if Ken was given that power...

  • SQRLSY One||

    Venezuela prints all the money as it needs, every microsecond as well. And they are fantabulously wealthy! On paper at least...

  • Chipper Morning Baculum||

    Comment inflation!

  • Bronze Khopesh||

    This site has some of the wonkiest problems with posting comments I've ever encountered.

  • BYODB||

    Remember that time John forgot to close his italic tag in one of his posts, and it caused the whole comment section past that to be italicized?

  • Michael S. Langston||

    Yes I do - server squirrels:)

  • Chipper Morning Baculum||

    That wasn't John. That was Gilmore.

  • BYODB||

    In which libertarians make the case for higher taxes.

  • NotAnotherSkippy||

    Well it's needed for the UBI which will totally be cheaper than the existing welfare state and won't grow without bounds, 'cause reasons.

  • BYODB||

    But is that before or after we make everyone on planet Earth a citizen eligible for the UBI via open borders?

  • BestUsedCarSales||

    I think Emojis break that as we.

  • NotAnotherSkippy||

    Silly rabbit, everyone on planet Earth is already eligible before they become a citizen. What part of inalienable right do you not understand?

  • BYODB||

    Shit, you got me there Skippy...

  • DarrenM||

    By that time, everyone on Earth will automatically be considered a citizen.

  • swampwiz||

    I'd like to see one of the SociDems come out with this argument that we need to limit immigration so as to make Guaranteed Income less expensive.

  • NotAnotherSkippy||

    On top of that, the single-largest "discretionary" outlay is defense spending, which always seems to go up, too.

    Yes, it just always goes up. Oh wait, it doesn't and hasn't. In fact it has fallen to half of what it was 50 years ago. But we play the NOMINAL dollar game and then magically it goes up! Back to the dishonest hackery that is Reason's supposed fiscal conservatism but is really just fiscal convenience.

  • BYODB||

    Let us just ignore the fact that the value of the dollar has changed such that it looks like we spend more today than we did then until you adjust. That seems healthy.

  • NotAnotherSkippy||

    On top of that, the single-largest "discretionary" outlay is defense spending, which always seems to go up, too.

    Yes, it just always goes up. Oh wait, it doesn't and hasn't. In fact it has fallen to half of what it was 50 years ago. But we play the NOMINAL dollar game and then magically it goes up! Back to the dishonest hackery that is Reason's supposed fiscal conservatism but is really just fiscal convenience.

  • BestUsedCarSales||

    What happened in 2010?

  • NotAnotherSkippy||

    What happened in 2011?

  • Eman||

    We made contact!

  • Sarah Palin's Buttplug||

    The CBO projects economic growth over the next decade to average just 1.9 percent a year

    But the Trump sycophants claim GDP will surpass 4%!

    #MAGAMOTHERFUCKER

  • NotAnotherSkippy||

    Revenue from individual and payroll taxes was up some $105 billion, or 4 percent, while corporate taxes fell $71 billion, or 30 percent.

    Let's see: 105-71=34.

    But cutting taxes ALWAYS reduces revenue.

    #hopeandchange
    #butmuhsimpsonbowles

  • Sarah Palin's Buttplug||

    The trillion dollar GOP deficits are future taxes levied.

    Obama had cut the deficit in half after a withering financial collapse. The Dotard truly is the King of Debt as he claims. That may be his only true statement.

  • SQRLSY One||

    Yes, and Der TrumpfenFuhrer has proposed partial repudiation of the fed-guv's debts. Wait to see what happens to "full faith and credit" in USA bonds after that happens!!!

    http://www.washingtonpost.com/.....a8e4a47784

  • JesseAz||

    Obama didn't cut shit dumbass. He continued forward the one time spending measures from FY09, which he signed, as part of his baseline budget under Reid. The only reason Congress spent less was because of the tea party caucus. Every Obama budget request would have been over a 1 trillion deficit. My god you're ignorant.

  • Sarah Palin's Buttplug||

    You're a fucking idiot. The Budget Control Act of 2011 was the largest spending cut in history.

  • TrickyVic (old school)||

    "" The Budget Control Act of 2011 was the largest spending cut in history."'

    I think the republicans help both houses of Congress then.

  • TrickyVic (old school)||

    help = held

  • DesigNate||

    They did. And buoyed by Tea Party success they passed the sequester, which shithead here spent two years complaining about because his fucking messiah couldn't spend as much as he wanted to.

  • loveconstitution1789||

    No citation, so lies as usual for buttplugger.

  • Gaear Grimsrud||

    Government debt will continue to rise until the empire implodes. Magazine articles on the subject are a waste of pixels that could better be used for HD porn.

  • SQRLSY One||

    Amen!!!

  • Don't look at me.||

    We have a porn deficit.

  • LeaveTrumpAloneLiberal-tarian||

    Fuck you... cut taxes on rich people and corporations, then blame Democrats for the deficit.

  • JesseAz||

    It's the spending dumbass. Tax revenues are up. Why can't you fucktards figure out that when government spending grows faster than gdp growth, it's a bad thing.

  • Sarah Palin's Buttplug||

    Why can't your precious GOP cut spending?

    Just once? With control of government?

    Idiot.

  • DesigNate||

    You're confused, yet again, about who we actually support you mendacious piece of human garbage.

  • loveconstitution1789||

    Dont want to be accused of pushing old ladies in wheelchairs off cliffs right before the election.

  • LeaveTrumpAloneLiberal-tarian||

    Fuck you, cut taxes for rich people and corporations, then blame deficits on liberals.

  • Len Bias||

    About 8 years ago I was told it was racist to be concerned with deficit spending and the growing debt. Is that still the case?

  • SQRLSY One||

    Yes!

    The reason why is, all 50 states are going to split off of the union, and repudiate their part of the fed-debt... Leaving only Washington, DC., saddled with all of that debt.

    Since DC is at least slightly disproportionately BLACK, you are RACIST!!!

    (If you were NOT bitching about the debt, this scenario would NOT happen! It's going to be YOUR fault, you racist you!!!!)

  • LeaveTrumpAloneLiberal-tarian||

    No, it's just interesting that you guys were pounding on the table about it 8 years ago and now you're reaction is a little diff'rent.

  • TrickyVic (old school)||

    It that like the anti-war protestors that went away in 2008? They sure had a lot to say before then.

    Partisan politics 101. Only complain when it's the other team.

  • DesigNate||

    No body here is saying deficits are suddenly good.

    We're saying people keeping more of THEIR fucking money isn't the cause of the deficits.

    Fuck you, cut spending.

  • Fred G. Sanford||

    It is when those same people want their Medicare and a big wall.

  • JesseAz||

    (TARP, other bailouts, and stimulus plans weren't going to pay for themselves).

    Umm... TARP did pay for itself. But Obama counted the expenditures in 08 and 09 against Bush then took credit for the paybacks in 10 and 11 while baseline budgeting the spending of tarp from 09 into the budget.

  • TxJack 112||

    DC is the master of making promises about how much will be saved over the next 10 years when they know that every two years, the House changes members and since they are in charge of budgeting, all the previous promises are ignored. Congress is supposed to have a budget annually but we have not accomplished this task more than twice in the past 10 years. From the time Harry Reid became majority leader until Obama left office, Congress actually passed one budget. The rest of the time the government ran using CRs which is why the deficits continued to grow as well as our national debt. The anemic Obama economy only compounded the problem. If Democrats take back the House, this problem will only grow by leaps and bounds because Democrats are incapable of controlling spending and they will focus only on repealing the tax cuts which will bring economic growth to a halt.

  • loveconstitution1789||

    I am assuming that the House and the Senate voted for this by a 2/3 majority or more, which overrides any Trump veto.

    Trump shouldnt sign thr budget but he knows congress will override his veto and the media will blame republicans for pushing old people in wheel chairs off cliffs.

    Trump would rather use his political capital on winners.

  • Oli||

    Only 71 comments and almost no delusional Trumpists?

  • Oli||

    Only 71 comments and almost no delusional Trumpists?

  • maddarter||

    The Tea Party will rise up. That's what they were about—fiscal discipline, right??

  • Hank Phillips||

    Banning abortion, deporting messkins, jailing hippies and blacks, but yes, fiscal discipline with whatever's left over fer shoor.

  • loveconstitution1789||

    73 comments and delusional Lefites like you are here.

  • Hank Phillips||

    Ya gotta hand it to the Republican Party. They sure knew how to Make America Grovel Again!

  • Tony||

    Hey guys, being a libertarian might be less trouble if you didn't spend all your time defending Republicans against their lies that they are the fiscally responsible party. Just let it go. It has nothing to do with you. Why is almost every comment here a pathetic attempt to excuse their reckless spending?

  • Fred G. Sanford||

    Because Trumpers aren't Libertarians, they just like to hang out with Libertarians.

  • TxJack 112||

    /Do people not remember that the President was forced to sign a budget that increased spending because Democrats refused to negotiate in good faith? Do people not remember that the excessive spending is exactly why voters turned against the establishment GOP who had become nothing more than big government progressives who like to spend on the military as well? Do people not remember that people like McCain, Graham, Corker, King, McConnell, Ryan, and a host of others are responsible and the revolt is why many establishment GOP members are leaving Congress? The deficit is a reality until we demand entitlement reform. Entitlements consume more than 60% of the budget with our payments on the national debt consuming another 25%. Until we end the war in Afghanistan and stop giving money to countries fighting against us, the deficits and in turn the national debt will continue to grow.

  • Bob Meyer||

    The reason that spending slowed slightly from 2011 to 2014 was the much hated "sequester". It wasn't Obama who slowed spending, it was a game of chicken between the Republicans who wanted desperately to spend more on defense and the Democrats who desperately wanted to spend more on social programs. Paul Ryan, the ultimate Republican, crawled over to Patti Murray, and broke the sequester starting the massive spending increases.

    What little recovery the economy saw during that time was entirely due to the sequester. Had Ryan not been a spineless, lying, steaming pile of Republicanism a real recovery could have begun.

  • DarrenM||

    Remember, that's with a Republican Congress and president. Isn't the GOP supposed to be the party of fiscal discipline?

    You're obviously a little behind the times.

  • David Nolan||

    Trump's debt now worse than Obama's. Already.

    Without major changes, like tax increases and/or spending cuts, Trump will have added more debt in 8 years than Obama in his 8. And Trump did in less than 2 years, what took Obama 8 years. Trump's Presidency is like his life. Born on 3rd base and thinks he hit a triple!

    This is even more irresponsible when we realize Trump inherited the 2nd worst recession since the 1930s, and handed Trump the longest recovery for an incoming President EVER. bama paid for the bailouts and a failed stimulus, Trump paid for ... Trump SAID he'd pay off the entire debt im 8 years, so he missed that promise by a mere $31 Trillion!

    In a way that's good. China owns so high a share of our debt that they could destroy the dollar and our economy, lose trillions of dollars in debt holdings and be the largest and healthiest economy in the world. After those yuge losses, China's government would still have a net positive asset value.

    Trump and his cult are, of course, claiming yet another victory. I heard one sneering, "Surpluses? As if we were goddamn COMMUNISTS?" And, "Don't forget,Hillary would have been even worse!"

    I now call them the New Deal Republicans, under a President who'd been a Democrat for the vast majority of his life. Now we know what he meant by "draining the swamp"

    I've now enrolled in learning to speak Chinese.
    If I can just ignore the spelling !

    Oh yeah. Left - Right = Zero

  • swampwiz||

    But Trump-Pence will only get 4 years. It will fall on #46 (or #47) - I'm hoping for Seth Moulton - in 2021 to fix the mess.

  • David Nolan||

    I'm hoping for Seth Moulton - in 2021 to fix the mess.

    I checked his web site.
    Left - Right = Zero

  • swampwiz||

    Clearly, what needs to be done is to raise income taxes, which only the wealthier folks can afford.

  • David Nolan||

    The rich are already subsidizing half the entire income tax for the core middle class ($40k-99lk)
    Also subsidizing the middle-class entitlement, Medicare -- nearly half of all Medicare spending is now subsidized by the income tax (which the middle class barely pays) And you want even MORE!.

    Should Bill Gates wash your car? Subsidize your housing costs? Drive you to the grocery store? Why not just kill him and seize his assets?

  • Flinch||

    No surprise: Ryan has been phoning it in since he took the gavel. The last budget being a cut & paste job, the upward spending trend remains unaltered. Interest on public debt is the elephant in the room, and as it grows... so does Chinese leverage.

  • tlapp||

    Chinese leverage is increasing because of their own deficit spending, not ours. We are really just determining which currency is the least bad.

  • tlapp||

    Yet the rest of the world buys our bonds as a "safe" haven because the Euro, Yuan and others are even less secure. Our rates stay low and the borrowing continues. Will the others get their act together and make the dollar weaker? Unlikely they have the same or worse borrowing. Will someone make a currency backed by precious metals? If so, watch out, the bad money will be replaced by the good.

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