{"id":137127,"date":"2018-09-11T15:40:54","date_gmt":"2018-09-11T21:40:54","guid":{"rendered":"http:\/\/hill-kleerup.org\/blog\/2018\/09\/11\/another-really-great-high-economic-number-for-donald-trump-and-the-gop.html"},"modified":"2018-09-12T07:10:40","modified_gmt":"2018-09-12T13:10:40","slug":"another-really-great-high-economic-number-for-donald-trump-and-the-gop","status":"publish","type":"post","link":"https:\/\/hill-kleerup.org\/blog\/2018\/09\/11\/another-really-great-high-economic-number-for-donald-trump-and-the-gop.html","title":{"rendered":"Another really great high economic number for Donald Trump and the GOP!"},"content":{"rendered":"

Oh, wait. They don’t seem to be touting how incredibly cool it is that the deficit grew 32% to $895 billion, even during such “incredible” economic times. (Emphasis mine).<\/p>\n

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 from individual and payroll taxes was up some $105 billion, or 4 percent, while corporate taxes fell $71 billion, or 30 percent.<\/b><\/p><\/blockquote>\n

Part of that “bipartisan” budget was an additional $94 billion in Pentagon spending (reaching over $700 billion).<\/p>\n

It’s amazing — knowingly spend more more than you bring in and your debt skyrockets. The Republican party once seemed to know that, and even campaigned on it (even if Reagan did much the same thing in his day).<\/p>\n


\n
\n<\/a>
\nFederal deficit soars 32 percent to $895B<\/a><\/span>
\nThe 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,<\/p><\/blockquote>\n

Original Post<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Oh, wait. They don’t seem to be touting how incredibly cool it is that the deficit grew 32% to $895 billion, even during such “incredible” economic times. (Emphasis mine). 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 … Continue reading “Another really great high economic number for Donald Trump and the GOP!”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":137139,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[106,77,358,376,1071],"tags":[1725,125,1724],"class_list":["post-137127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-plusposts","category-economy","category-poor-citizenship","category-taxing-spending","category-trump","tag-deficit","tag-gop","tag-taxcutspend"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/hill-kleerup.org\/blog\/wp\/wp-content\/uploads\/2018\/09\/cbo.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":23772,"url":"https:\/\/hill-kleerup.org\/blog\/2011\/11\/15\/as-if-you-thought-wed-be-bound-to-some-deal-we-agreed-to.html","url_meta":{"origin":137127,"position":0},"title":"As if you thought we'd be bound to some "deal" we agreed to","author":"***Dave","date":"Tue 15-Nov-11 11:03pm","format":false,"excerpt":"Remember the whole grand compromise kick-the-can super-committee that the GOP agreed to with the Dems on how to deal with the deficit (why we're bothering with the deficit when the problem is jobs remains a mystery) thing? Where the super-committee would either come up with a way to cut the\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137335,"url":"https:\/\/hill-kleerup.org\/blog\/2018\/10\/17\/a-vote-for-the-gop-is-a-vote-for-cutting-social-security-medicare-and-medicaid.html","url_meta":{"origin":137127,"position":1},"title":"A vote for the GOP is a vote for cutting Social Security, Medicare, and Medicaid","author":"***Dave","date":"Wed 17-Oct-18 10:25am","format":false,"excerpt":"Having massively ratcheted up the federal budget deficit by passing a tax cut with $1 trillion in revenue reductions over the next decade, and then jacking up military spending by a significant amount at the same time, Senate Majority Leader McConnell makes it clear that, nope, the real cause of\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20610,"url":"https:\/\/hill-kleerup.org\/blog\/2011\/04\/01\/the-budget-of-procrustes.html","url_meta":{"origin":137127,"position":2},"title":"The Budget of Procrustes","author":"***Dave","date":"Fri 1-Apr-11 6:43am","format":false,"excerpt":"Procrustes was a mythic bad guy in the Greek myths (eventually done in by Theseus).\u00a0 He'd capture travelers and put them on his special-made bed.\u00a0 If they were too small, he'd stretch their bodies on the rack until they fit. If they were too long for the bed, though, he'd\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/hill-kleerup.org\/blog\/category\/economy"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137322,"url":"https:\/\/hill-kleerup.org\/blog\/2018\/10\/15\/the-trump-deficit.html","url_meta":{"origin":137127,"position":3},"title":"The Trump Deficit","author":"***Dave","date":"Mon 15-Oct-18 1:18pm","format":false,"excerpt":"Amazing: slash taxes on companies and the wealthy, jack up military spending, and, hey presto, deficits go up.The message back from the Administration (from multiple resources):1. \"Even though all that cutting tax rates will boost productivity will increase tax revenue stuff hasn't kicked in yet, we're sure it will next\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":30669,"url":"https:\/\/hill-kleerup.org\/blog\/2012\/10\/17\/the-new-improved-romney-tax-plan.html","url_meta":{"origin":137127,"position":4},"title":"The New, Improved, Romney Tax Plan","author":"***Dave","date":"Wed 17-Oct-12 10:17pm","format":false,"excerpt":"If you take what he said last night as canon -- cut income taxes 20%, cap deductions at $20K. \u00a0Result (avoiding any discussion of social or economic costs of deductions thus invalidated):\u00a0'Romney is $257 billion short, and the rest of his plan (eliminating the estate tax, eliminating investment taxes for\u2026","rel":"","context":"In "~PlusPosts"","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1170,"url":"https:\/\/hill-kleerup.org\/blog\/2001\/10\/05\/do_the_math_not.html","url_meta":{"origin":137127,"position":5},"title":"Do the math … not.","author":"***Dave","date":"Fri 5-Oct-01 7:22am","format":false,"excerpt":"Okay, I haven't found the source for this, but I am sure that yesterday on the radio I heard that, on top of all the increased military spending, all the...","rel":"","context":"In "Politics & Law"","block_context":{"text":"Politics & Law","link":"https:\/\/hill-kleerup.org\/blog\/category\/politics-law"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts\/137127","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/comments?post=137127"}],"version-history":[{"count":2,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts\/137127\/revisions"}],"predecessor-version":[{"id":137141,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts\/137127\/revisions\/137141"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/media\/137139"}],"wp:attachment":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/media?parent=137127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/categories?post=137127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/tags?post=137127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}