As budget deficit balloons, few in Washington seem to care

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  • one old man MSC, UT
    March 11, 2019 9:32 a.m.

    The Great Helmsman - Salt Lake City, UT
    March 10, 2019 10:04 p.m.
    @3grand:

    Why lie? Obama in eight years increased the deficit by $8.6T, not $10T.

    ======

    While that is correct, Helmsman, you failed to point out that about 80% of debt under Obama came as a direct result of policies that were handed to him by Bush/Cheney --- MOST of it from putting three wars on the national credit card.

    What is completely ignored by trump's followers is the fact that under Obama the RATE of increase of our national debt was even lower than it had been under Clinton -- who was the only president since Reagan who reduced the debt and balanced the budget.

    So thank you for pointing out the truth about trump's wild spending spree. But there is more to the story. A LOT more . . . .

  • Fullypresent Salt Lake City, UT
    March 10, 2019 11:13 p.m.

    One of the problems with our economy besides a massive national debt and the interest payments on it is the ever-increasing gap between the haves and the have nots. For the wealthy, this isn't a problem but for everyone else it is. Our policies in Washington, including our tax policies, are slowly destroying the middle class.

    In 2016, for instance, the top 1% of families owned 40% of all household wealth, with the next 9% of families holding an additional 39%. That leaves 21% of the country’s net worth for the remaining 90% of American families. This is not in the long-term best interest of our country. We do not need full blown socialism but the opposite problem we have is not good either.

  • The Great Helmsman Salt Lake City, UT
    March 10, 2019 10:04 p.m.

    @3grand:

    Why lie? Obama in eight years increased the deficit by $8.6T, not $10T. In the little over two years Dear Leader has been in office his budgets would increase the deficit by $4.8T. At the rate Dear Leader is going he will add to the deficit in four years what it took Obama 8 years to do (plus leading us out of a recession.)

  • Frozen Fractals Salt Lake City, UT
    March 10, 2019 6:39 p.m.

    @JD Tractor
    "Please liberals please don’t forget the main program that skyrocketed the national debt was the passing of Obamacare"

    That's false. The ACA went into full effect during a time of falling deficits and many of the GOP repeal bills were scored as increasing the deficits because the ACA paid for itself with new taxes and the mandate penalty. Speaking of which, the ACA is less fiscally solvent now because Trump got rid of the mandate.

  • one vote Salt Lake City, UT
    March 10, 2019 6:14 p.m.

    The swamp is getting larger under the Donald.

  • unrepentant progressive Bozeman, MT
    March 10, 2019 5:41 p.m.

    3grandslams

    Please explain to all of us how "Obamacare" cost the American taxpayer in its original form. Details please and numbers.

    Now, the bill known as Obamacare may cost us now as the GOP ditched some of the mechanisms put into place to pay for it. Democrats have generally had a policy of finding revenue to pay for new programs. It is policy now in the House of Representatives controlled by Democrats. The GOP doesn't believe in paying your way. Only tax cuts with no expenditure cuts to pay for it.

  • JD Tractor Eagle Mountain, UT
    March 10, 2019 5:03 p.m.

    Democrats please stop blaming one party. Both are so guilty. Please liberals please don’t forget the main program that skyrocketed the national debt was the passing of Obamacare, especially when Pelosi said we have to pass a law to find out what’s in it. There was no pay as you go mentality from her then.

    Let’s please be honest and unite against partisan politics, if one party is wrong, don’t accept it when the other party also does the same thing.

    I’ll take the arguments seriously from the left when they decry Obamacare.

  • 3grandslams Eagle Mountain, UT
    March 10, 2019 4:56 p.m.

    I wonder why there was no media outcry when Obama increased the Natl Debt by almost 10 trillion? Any democrat who is fiscally concerned now are playing partisan politics in a very ironic hypocritical way.

    So if people are really concerned, let’s eliminate Obama care , turn the medical system back to a competitive market, get the government out of healthcare, banking, and other markets. Suddenly there would be trillions of dollars our taxes wouldn’t be spent on.

  • unrepentant progressive Bozeman, MT
    March 10, 2019 3:27 p.m.

    Trump was the King of Debt (my his own admission) throughout much of his real estate development career. Things changed when banks would not longer loan him money, and questionable sources of cash emerged to expand his leveraged empire. However, Trump was and remains someone who uses other people's money for his own "empire".

    Trump, now in charge of the government seems intent on pursuing this same course of action. Specifically using other people's money to leverage government spending. In many instances, he is using our own money to leverage ourselves! The Republican party, now a subsidiary of Trump Inc, has developed spinelessness, and acquiesce to Trump's every desire.

    And the very best excuse these so-called fiscal conservatives, nee Republicans have now? Well the Democrats did it too. That is weak tea, folks. And the what-about'ism is the last line of defense for the indefensible.

  • Hutterite American Fork, UT
    March 10, 2019 1:01 p.m.

    In the most recent iteration of 'Mexico will pay' we were told that all this extra money would flow into the treasury as a result of the USMCA.

    So, where is it? He wants us to pay for the wall and the millions to justify Ivanka's security clearance and space force...where is all this extra cash?

    It doesn't exist, and it never will. It's just an insulting shell game at this point. Trump wants what he wants, the money will have to be borrowed and his base will not care. The tea party is putting it all on the credit card.

  • Frozen Fractals Salt Lake City, UT
    March 10, 2019 12:03 p.m.

    Pelosi and Dems reinstituted pay-go rules in the House. That's an action one takes when they care about the deficit.

  • Shaun Sandy, UT
    March 10, 2019 10:56 a.m.

    This deficit issue is solvable but neither party is interested.

  • Happy Valley Heretic Orem, UT
    March 10, 2019 8:45 a.m.

    ...and the poor sucker Dem's will have to clean up the mess ...Again.

    And they'll have to do it while the GOP is screaming "the Dems caused it," pathetic, but loyalists to the GOP don't seem to notice, they really haven't changed their playbook for a while.

  • ECR Burke, VA
    March 10, 2019 6:45 a.m.

    And just to bolster what Imperial7 had to say, just check the facts and you'll find that since 1980, the only two presidents who have lowered the deficit each year of their administration were Clinton and Obama. And yes, all the right wing devotees will point to the ballooning of the national debt under Obama but that is because of the massive tax cut passed by the previous administration, but the deficits during those years were lowered each year. Check it out. And to say, "No one in Washington cares" is just not true. It's only the ones who've said for decades that they care whose actions say otherwise.

  • Jim Chee Lahaina, HI
    March 10, 2019 12:15 a.m.

    Wasn't Donald Trump going to reduce the deficit, eliminate the debt, bring manufacturing jobs back, make coal the major energy source, and build a 30 foot concrete wall from the Pacific to the Gulf of Mexico and have Mexico pay for it? I may be missing something here, but he has done very little of what he promised.

    Yes, I will give you the two uber-conservative Supreme Court justices he promised the evangelicals in payment for overlooking his character and moral deficiencies. He's such a hero to them that they get him to sign their bibles while insisting their own children don't try to emulate him. He's not very good as a role model in their faith. Yet, morality may be changing with them.

    But, hey, we always knew that Republicans were only interested in decreasing the costs of government when Democrats were in charge. And they have to make good to their big money donors by giving them ever-increasing tax cuts which only grows the debt. At least its not Democrats in the seat of power, they would say.

    We've yet to see all those conservative deficit hawks in these threads say anything about the issue most important to them when Barack Obama was in office. Now they are silent.

  • Fabulous Jen Eagle Mountain, UT
    March 9, 2019 9:00 p.m.

    Tea Party was founded in 2009-2010 based on extreme agitation about the rising deficit, which effectively masked their main concern, a new president they did not like.

    Tea Party also failed to note at the time the rising deficit was largely caused by George W. Bush paying for two wars on the government credit card.

    Tea Party is now the Freedom Caucus, also known as the Trump Cheerleading Team. They no longer care about the deficit, their original rally cry.

    Trump wants to give $100,000,000 taxpayer dollars to daughter Ivanka so she can start some kind of woman's group.

    Freedom Caucus totally OK with this idea. Woo hoo. High fives. Trump is owning the libs.

  • LOU Montana Pueblo, CO
    March 9, 2019 6:53 p.m.

    For those of you who didn't hear it,
    one old man - MSC, UT said,

    "Since Reagan, deficits and total debt have ballooned under the GOP.

    And gone down under Democrats.

    Why and how can anyone completely ignore the truth?

    But we know the answer to that question.

    They are loyal Republicans."

    FelisConcolor - Layton, UT;
    "Neither party has cared for 50 years ...."

    Simply amazing how some people can hear the truth and still ignore it.

  • one old man MSC, UT
    March 9, 2019 6:12 p.m.

    Look at history.

    Since Reagan, deficits and total debt have ballooned under the GOP.

    And gone down under Democrats.

    Why and how can anyone completely ignore the truth?

    But we know the answer to that question.

    They are loyal Republicans.

  • Impartial7 DRAPER, UT
    March 9, 2019 6:09 p.m.

    Funny. Debt and deficits shrink when Democrats are in leadership. But, when "fiscal conservatives" balloon our debt, as Dick Cheney was caught saying- "Deficits don't matter". Hypocrites.

  • FelisConcolor Layton, UT
    March 9, 2019 5:49 p.m.

    "Neither party has cared for 50 years ...."

    Well, it's nice to see that at least the Media care again, after ignoring the issue for the past decade.

  • Fullypresent Salt Lake City, UT
    March 9, 2019 4:57 p.m.

    We need to throw them all out for people who are fiscally responsible but can still address the major concerns and needs of our country. This continuing ballooning of the national debt and interest payments that go with it will end up being the downfall of our country.

    The current interest alone on the debt is $364 billion. That's from the federal budget for fiscal year 2019 (October 1, 2018, through September 30, 2019).

    You can't keep just living on the credit card and not think that is going to blow up in your face. Look at the needs we could address in our country with just what is being spent on the interest alone.

    The great Republican tax cat we went through just added to all fiscal concerns and hasn't done what he said it would do. Other than to make wealthier people more wealthy. But, even these people should be worried about the national debt, interest costs, and the economic damage it can and will do.

  • scrappy do DRAPER, UT
    March 9, 2019 4:43 p.m.

    Neither party has cared for 50 years ....