Joe has released his "budget" for next year. despite some significant tax increases his budget is approximately 2 trillion dollars over the amount of revenue that the government takes in. This sort of spending is irresponsible and insane. Trump added 8 trillion to the debt in his 4 years, and it looks like Biden is shooting to beat him in that category. The very fact that Biden is releasing a "budget" that has absolutely zero possibility of NOT adding to the debt demonstrates that he has no idea of what benefits the country. This doesn't even take into account that billions that'll get sent to Ukraine (unaccountable), Gaza, and lord knows where else that'll add to the 2 trillion deficit that's built in.
Stop the madness. This isn't a partisan thing, it's a national survival thing. The knowingly add trillions to the debt that we're saddling out great, great, grandchildren with is unconscionable.
6 comments:
It appears it's always been thus. The list below shows spending under each president going back to Nixon, and it's clear that spending not only increased with each over the previous, but also it increased during the second term of each two-term president. It's truly one of the most bi-partisan issues.
Nixon $1,058,311,750,000
Ford $1,603,321,940,000
Carter $2,474,431,120,000
Reagan 1 $3,722,995,590,000
Reagan 2 $4,700,571,900,000
Bush 1 $5,923,870,180,000
Clinton 1 $6,878,484,720,000
Clinton 2 $7,762,743,260,000
Bush 2 $9,937,411,210,000
Bush 3 $13,161,467,110,000
Obama 1 $15,861,437,860,000
Obama 2 $16,749,841,820,000
Trump $24,162,968,835,053
Biden $31,174,682,860,122
My source for the above is from a policy study I've been studying with hopes of doing a blog post. The point of the study is a concept already in use by certain entities to reduce spending and the debt and do it rather quickly. For me it's somewhat of a slog and I want to understand it better before posting it. Thus far, I think it's a viable solution. One thing is certain regardless of any policy: it's absolutely moronic to suppose we can spend our way out of debt.
While that is True, and it's not partisan, I saw a graph yesterday that tracks this by time, and the rate of increase has gotten drastically faster over the last three or four administrations. I've been critical of Trump for his spending, but this "budget" by Biden makes Trump look like a miser.
That's exactly what was said by the person presenting the policy proposal to which I referenced. That is, the exponential increase in the rate of spending over the last four admins...not the Trump as a miser part...though that's true.
I'm thinking I might send you a link to this thing I'm studying so you can study it along side me. Then, see if you agree that it makes sense and is worth sending to all reps we can contact. Something has to change. Over the course of all these administrations listed, there's been very little which hasn't been more than variations on one or two themes, neither of which is getting it done.
I'll also send you the piece I referenced about Calvin Coolidge, or you can find it via my FB page until then. Between the two, I think we've got a winning strategy.
While this spending without regard to how it affects the future transcends party, I still hold any president who promises to reduce the deficit/debt and then does the opposite to the same standard. If the uniparty doesn't get their shit together on spending, then it's all over. The US as we've known it is simply finished. It'll make 1929 look like a picnic.
Which of them hasn't made such promises? Seems to be routine.
Well, Trump made some very specific promises to reduce spending to meet some very specific goals. The fact that Biden's budget is so explicitly a screw you to the notion of fiscal sanity, doesn't excuse Trump for breaking his promises.
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