SQUANDERING AMERICA ON THE BRINK - STAGGERING FEDERAL SPENDING DEBT - TRUMP SAYS I DON'T GIVE A FUCK!

Report: Trump Says He Doesn't Care About the National Debt Because the Crisis Will Hit After He's Gone

https://mexicanoccupation.blogspot.com/2018/12/secret-report-trump-vows-he-doesnt-give.html

 "Trump's alleged comment is maddening and disheartening,
but at least he's being straightforward about his indefensible
and self-serving neglect.  I'll leave you with this reminder of the scope of the problem, not that anyone in power is going to do a damn thing about it."

  

TRUMPERNOMICS:

THE SUPER RICH APPLAUD TWITTER’S TRUMP’S TAX CUTS FOR THE SUPER RICH!

http://mexicanoccupation.blogspot.com/2017/09/swamp-keeper-trumps-goldman-sachs.html

"The tax overhaul would mean an unprecedented windfall for the super-rich, on top

of the fact that virtually all income gains during the period of the supposed

recovery from the financial crash of 2008 have gone to the top 1 percent income

bracket."

$3,727,014,000,000: Federal Spending Sets Record Through July; Treasury Runs $866,812,000,000 Deficit

By Terence P. Jeffrey | August 12, 2019 | 4:33 PM EDT

(Getty Images/Alex Wong)

(CNSNews.com) - The federal government spent a record $3,727,014,000,000 in the first ten months of fiscal 2019 (October through July), according to the Monthly Treasury Statement released today.

While spending that record $3,727,014,000,000, the government ran a deficit of $866,812,000,000.

Before this year, the most that the federal government had ever spent in the first ten months of a fiscal year was in fiscal 2009, when the Treasury spent $3,576,745,930,000 (in constant June 2019 dollars, adjusted using the Bureau of Labor Statistics inflation calculator).

Federal spending was impacted in fiscal 2009 by the recession that was ongoing when that fiscal year began. At the beginning of fiscal 2009, President George W. Bush signed the Troubled Asset Relief Program to bailout failing banks. Later that fiscal year, President Barack Obama signed the American Recovery and Reinvestment Act, aimed at stimulating the economy.

Total federal revenues in the first ten months of fiscal 2019 equaled $2,860,202,000,000. That was less than the total revenues the federal government collected in the first ten months of fiscal 2017 ($2,866,978,570,000 in constant June 2019 dollars) and fiscal 2015 ($2,868,253,370,000 in constant June 2019 dollars).

Federal individual income tax revenues in the first ten months of fiscal 2019 equaled $1,428,904,000,000. That was less than the individual income taxes the federal government collected ($1,438,381,490,000 in constant June 2019 dollars) in the first ten months of fiscal 2018.

The difference between the $2,860,202,000,000 in total taxes the government collected and the $3,727,014,000,000 that it spent in the October through July period resulted in a deficit of $866,812,000,000.

According to Table 3 in the Monthly Treasury Statement, the Department of Health and Human Services spent the most of any federal agency in the first ten months of fiscal 2019 ($1,005,897,000,000), the Social Security Administration spent the second most ($915,775,000,000), and the Department of Defense-Military Programs spent the third most ($540,435,000,000).

The business and economic reporting of CNSNews.com is funded in part with a gift made in memory of Dr. Keith C. Wold.

Poll: Across Demographics, More than Half of Voters Say U.S. Deficit Problem Demands Immediate Action

By Craig Bannister | August 12, 2019 | 5:37 PM EDT

(Getty Images/Mark Wilson)

Slightly more than half of registered voters say that the U.S. can’t afford to wait any longer to address its deficit problem, results of a new Hill-HarrisX poll reveal.

In a survey of 1,001 respondents conducted August 3-4, 2019 and weighted to reflect a nationally-representative sample of registered voters, 52% said the nation’s deficit problem requires immediate attention.

At least 50% of respondents called the deficit problem is a top priority, regardless of sex or party affiliation, the survey found. Self-identified Independents were the most likely to say the deficit is a top priority (58%), compared to 50% of Democrats and 51% of Republicans.

“Is the U.S. deficit a problem that needs to be dealt with immediately, or are there other priorities that the government should deal with first?”

Deficit Should be Dealt with Immediately:

• Total: 52%
• Male: 55%
• Female: 50%
• Dems: 50%
• GOP: 51%
• Indep: 58%

On Monday, the U.S. Treasury Department released a statement disclosing that, through the first ten months of fiscal year 2019, the federal government ran a deficit of $866,812,000,000, CNSNews.com reports:

“The federal government spent a record $3,727,014,000,000 in the first ten months of fiscal 2019 (October through July), according to the Monthly Treasury Statement released today.

“While spending that record $3,727,014,000,000, the government ran a deficit of $866,812,000,000.

“Before this year, the most that the federal government had ever spent in the first ten months of a fiscal year was in fiscal 2009, when the Treasury spent $3,576,745,930,000 (in constant June 2019 dollars, adjusted using the Bureau of Labor Statistics inflation calculator).”

The Hill-HarrisX poll was conducted a week after President Donald Trump signed into law a new budget deal that threatens to increase the national debt by $2 trillion, The Hill reports:

“The new budget deal increases government spending by $320 billion and lifts the nation’s borrowing limit through July 2021.

…

“However, leading up to the bill’s passage, some conservatives expressed concern over the measure, which is projected to add nearly $2 trillion to the national debt over the next decade.”

Results of the Hill-HarrisX survey have a sampling margin of error of plus or minus 3.1 percentage points.