FY2019 Budget Review

[ALiberalModerate]

So youre saying a court knows what the writers of the constitution meant better than the actual person who wrote it and who then wrote an argument which says exactly the opposite of what the courts say? That seems logical to you?

I am saying it is American Civics 101 that the federal courts are the arbiters of what is and what is not constitution. For example, SCOTUS could rule that every American has a constitutional right to kick a Texan, and that would be a constitutional right of every American regardless of what you think was the original intention of the Founders.

 

[Greenbeard]

Its doubled since 2005.

Health care (including Medicare) spending growth has slowed down substantially since then, particularly in the ACA era.

And its only getting worse.

https://www.cbo.gov/system/files?file=2018-06/53919-2018ltbo.pdf

CBO has all their long-term budget projections on their website.

In 2009, they projected that by 2048 Medicare and Medicaid spending will be 11.9% of GDP.

This year, they projected that by 2048 Medicare, Medicaid, and ACA marketplace spending will be 9.2% of GDP.

That is, even taking into account a major coverage expansion not anticipated in the 2009 projections, we'll be spending nearly 3% of GDP less in the extended fiscal picture relative to how trends looked just a decade go. Again, because of the slowdown in health care cost growth. That's progress.

 

[Conservative]

Health care (including Medicare) spending growth has slowed down substantially since then, particularly in the ACA era.



CBO has all their long-term budget projections on their website.

In 2009, they projected that by 2048 Medicare and Medicaid spending will be 11.9% of GDP.

This year, they projected that by 2048 Medicare, Medicaid, and ACA marketplace spending will be 9.2% of GDP.

That is, even taking into account a major coverage expansion not anticipated in the 2009 projections, we'll be spending nearly 3% of GDP less in the extended fiscal picture relative to how trends looked just a decade go. Again, because of the slowdown in health care cost growth. That's progress.

The problem remains too many people put too much emphasis on CBO PROJECTIONS while ignoring the accuracy of those projections. Seems that everyone wants to place blame on the President but never accept responsibility for the massive Congressional spending on entitlements and other social programs. How can anyone blame the President for a deficit when not given a budget that he requested?

There is a very good analysis of the 2017 economic results showing that Trump had 1.1 trillion to spend in discretionary spending and spent 1.08 trillion of that. The rest was mandatory spending thus making most of the 2017 deficit due to social spending that you and others want to see increased. There will be another analysis of the 2018 budget as well but again Trump had no budget approved by Congress so when that analysis comes out let's check discretionary budget vs. actual before blaming the President.

https://www.thebalance.com/how-trump-amended-obama-budget-4128986

 

[Vern]

Why don't you post the treasury table and link like I have?

gee, I thought I posted in post 25 of this thread. anyhoo, here it is again.

Government - Historical Debt Outstanding - Annual 2000 - 2017

 

[jonny5]

Health care (including Medicare) spending growth has slowed down substantially since then, particularly in the ACA era.



CBO has all their long-term budget projections on their website.

In 2009, they projected that by 2048 Medicare and Medicaid spending will be 11.9% of GDP.

This year, they projected that by 2048 Medicare, Medicaid, and ACA marketplace spending will be 9.2% of GDP.

That is, even taking into account a major coverage expansion not anticipated in the 2009 projections, we'll be spending nearly 3% of GDP less in the extended fiscal picture relative to how trends looked just a decade go. Again, because of the slowdown in health care cost growth. That's progress.

9% of 2048 GDP is trillions more in spending (and thus my taxes). Assuming they could ever actually predict that far ahead. Democrat in the House just proposed 100bn in medicaid expansion, and have plans for expanding healthcare spending even more. Even if increasing in spending slow down, its still increasing at a massive rate. Which is why its doubling and going nowhere but up. Faster than GDP, faster than population growth. All the ACA was move some spending costs over to subsidies, such that nearly half of all citizens are now subsidized.

 

[Conservative]

gee, I thought I posted in post 25 of this thread. anyhoo, here it is again.

thanks, now get someone to teach you how to read it. Still waiting for you to explain how Bush is responsible for the 2009 deficit with no budget thus no spending authority and where the TARP repayment went after it was paid by the banks. That link confirms exactly what I have been saying and here is an even better one as it reports debt by day

Debt to the Penny (Daily History Search Application)

What is quite telling is your inability to understand that the link posts fiscal year and not calendar year as the fiscal year runs from October to September.

In September 2008 the debt was 10.4 trillion and in September 2016 it was 19.5 trillion showing 9.1 trillion dollars leaving out October-November-December for Bush's deficit and October, November, December 2016 for Obama's deficit. In addition 350 billion of the 2019 debt was spending by Bush on TARP and 100 billion spent by Obama so the debt when Obama was inaugurated was 10.6 trillion dollars of which 350 billion was TARP and that was REPAID in 2009.

You are a typical liberal who cannot admit when wrong

 

[Vern]

thanks, now get someone to teach you how to read it. Still waiting for you to explain how Bush is responsible for the 2009 deficit with no budget thus no spending authority and where the TARP repayment went after it was paid by the banks. That link confirms exactly what I have been saying and here is an even better one as it reports debt by day

Debt to the Penny (Daily History Search Application)

What is quite telling is your inability to understand that the link posts fiscal year and not calendar year as the fiscal year runs from October to September.

In September 2008 the debt was 10.4 trillion and in September 2016 it was 19.5 trillion showing 9.1 trillion dollars leaving out October-November-December for Bush's deficit and October, November, December 2016 for Obama's deficit. In addition 350 billion of the 2019 debt was spending by Bush on TARP and 100 billion spent by Obama so the debt when Obama was inaugurated was 10.6 trillion dollars of which 350 billion was TARP and that was REPAID in 2009.

You are a typical liberal who cannot admit when wrong

wow Con, you really are having a hard time reading the link you happily posted. Is that why you're always angry and asking questions. Here, let me post it for you

09/30/2009 11,909,829,003,511.75
09/30/2017 20,244,900,016,053.51

and Con, we've had this conversation before so I think your problems run deeper than just reading comprehension

Anyhoo, you're smart enough to not explain your "Obama added 9.3 trillion" narrative but you're not honest enough not to post it in the first place. How do you say "I'm tired and need a break" in Russian?

 

[Conservative]

wow Con, you really are having a hard time reading the link you happily posted. Is that why you're always angry and asking questions. Here, let me post it for you

09/30/2009 11,909,829,003,511.75
09/30/2017 20,244,900,016,053.51

and Con, we've had this conversation before so I think your problems run deeper than just reading comprehension

Vern, the problem is you have no credibility. President Bush didn't have the spending authority to create the 2009 deficit you want to blame him for as there was no BUSH BUDGET APPROVED and in fact 350 billion of that was TARP that was repaid. Seems quite telling how poorly educated you are on civics and the budget process. Post for me the approved signed Bush budget for 2009 and I will apologize profusely to you and even leave this forum.

We all know where your problems lie, Vern, but this is your opportunity. Show me the Bush budget for 2009 that was approved by Congress??????

 

[Vern]

Vern, the problem is you have no credibility. President Bush didn't have the spending authority to create the 2009 deficit you want to blame him for as there was no BUSH BUDGET APPROVED and in fact 350 billion of that was TARP that was repaid. Seems quite telling how poorly educated you are on civics and the budget process. Post for me the approved signed Bush budget for 2009 and I will apologize profusely to you and even leave this forum.

We all know where your problems lie, Vern, but this is your opportunity. Show me the Bush budget for 2009 that was approved by Congress??????

Poor Con, you seem to be trying to explain away the official Treasury Tables. If you didn't whine so much about "official Treasury Tables" your posts would be funny. But I find them sad.

 

[Conservative]

Poor Con, you seem to be trying to explain away the official Treasury Tables. If you didn't whine so much about "official Treasury Tables" your posts would be funny. But I find them sad.

No, Vern, the problem is you not the tables. Gave you an incentive to provide me the Approved Bush budget for 2009 and I would leave the forum. You haven't done that. Your problem is you believe Bush spent the money in 2009 without authority to do so therein lies your problem. Suggest a civics class for you

 

[Vern]

No, Vern, the problem is you not the tables. Gave you an incentive to provide me the Approved Bush budget for 2009 and I would leave the forum. You haven't done that. Your problem is you believe Bush spent the money in 2009 without authority to do so therein lies your problem. Suggest a civics class for you

I'm not seeing the connection between the treasury table proving your point about President Obama false and having to "provide you Bush's budget". The table is the table. And its a table you happily posted. and its even more confusing because all you do is whine about "treasury tables." Try to focus on the little things like your "total" for President Obama was false based on your own standard. Yea, you use the treasury table for totaling how much Clinton added to the debt but now have some complicated formula that requires some input from me to calculate how much debt was added during President Obama's term. Its almost as you are purposely lying and deflecting to avoid the truth.

 

[Conservative]

I'm not seeing the connection between the treasury table proving your point about President Obama false and having to "provide you Bush's budget". The table is the table. And its a table you happily posted. and its even more confusing because all you do is whine about "treasury tables." Try to focus on the little things like your "total" for President Obama was false based on your own standard. Yea, you use the treasury table for totaling how much Clinton added to the debt but now have some complicated formula that requires some input from me to calculate how much debt was added during President Obama's term. Its almost as you are purposely lying and deflecting to avoid the truth.

Yes, Vern, a table is a table that reports actual numbers, your problem is understanding what creates those numbers. The President of the United States gets his spending authority from the budget, without a budget or Continuing resolutions the President cannot spend a dime. The fact that you haven't provide me the requested information on the approved signed Bush 2009 budget speaks volumes.

You see, Vern, Bush didn't have an approved budget for fiscal year 2009, Obama signed it in March taking total responsibility for the results. Bush's spending authority ran out the end of March 2009 when the debt was 11 trillion dollars of which 350 billion was TARP loans. Those loans were repaid making the Bush debt 10.6 trillion dollars. The rest was totally Obama's and he left us with a 20 trillion dollar debt. Sorry Vern, but that is reality

 

[code1211]

Same one they always use. Promise to raise taxes on the rich. All the people who dont pay any income tax will love that.

AOC just did so.

Why... She must be a Socialist Genius! Just the rest of them!

 

[Vern]

Yes, Vern, a table is a table that reports actual numbers, your problem is understanding what creates those numbers. The President of the United States gets his spending authority from the budget, without a budget or Continuing resolutions the President cannot spend a dime. The fact that you haven't provide me the requested information on the approved signed Bush 2009 budget speaks volumes.

You see, Vern, Bush didn't have an approved budget for fiscal year 2009, Obama signed it in March taking total responsibility for the results. Bush's spending authority ran out the end of March 2009 when the debt was 11 trillion dollars of which 350 billion was TARP loans. Those loans were repaid making the Bush debt 10.6 trillion dollars. The rest was totally Obama's and he left us with a 20 trillion dollar debt. Sorry Vern, but that is reality

uh, that's odd, you're trying to blame President Obama for Bush's last budget on the pretense that he signed a budget in March. But Con, you told me there was no such thing as half year budgets.

There is no such thing as a half year budget, there are continuing resolutions,

I just cant help but believe simple concepts confuse you.

 

[Conservative]

uh, that's odd, you're trying to blame President Obama for Bush's last budget on the pretense that he signed a budget in March. But Con, you told me there was no such thing as half year budgets.



I just cant help but believe simple concepts confuse you.

What is truly odd, Vern, is you blaming Bush for a deficit with NO BUDGET AUTHORITY!! Tell me Vern how did Bush create the 2009 deficit in 6 months with no budget spending authority?? That is indeed odd that someone like you who has such a bad case of BDS that you have zero civics experience yet blame Bush for something he couldn't do

 

[Vern]

What is truly odd, Vern, is you blaming Bush for a deficit with NO BUDGET AUTHORITY!! Tell me Vern how did Bush create the 2009 deficit in 6 months with no budget spending authority?? That is indeed odd that someone like you who has such a bad case of BDS that you have zero civics experience yet blame Bush for something he couldn't do

I'm pretty sure I've explained to you several times that the Great Bush Recession added 400 billion in costs and collapsed revenue 700 billion. yea, the Dept of Ed budget (and a half year budget at that) didn't add 1.1 trillion to Bush's last budget deficit. And 1.1 trillion was just the add'l on budget deficit. Tarp, GSE bailout and Bush's wars bloated the total deficit. That's why Bush's last budget added 1.9 trillion to the debt. Yea, the 1.9 trillion is in the official treasury table you posted. Its pretty clear and straightforward. I guess that's why you babble on and on trying to deflect from it.

 

[Conservative]

I'm pretty sure I've explained to you several times that the Great Bush Recession added 400 billion in costs and collapsed revenue 700 billion. yea, the Dept of Ed budget (and a half year budget at that) didn't add 1.1 trillion to Bush's last budget deficit. And 1.1 trillion was just the add'l on budget deficit. Tarp, GSE bailout and Bush's wars bloated the total deficit. That's why Bush's last budget added 1.9 trillion to the debt. Yea, the 1.9 trillion is in the official treasury table you posted. Its pretty clear and straightforward. I guess that's why you babble on and on trying to deflect from it.

Gee, Vern, yes i know you have explained it through your left wing partisan lens a few times but Vern, thought that Obama stimulus act(Feb 2009) along with a Democratic Congress was to create shovel ready jobs to prevent revenue losses? Hmmm, what happened with that stimulus? Guess seeing employment drop 4 million in 2009 didn't help the revenue side, did it?

Sorry Vern but all the expenses and none of the revenue going against Bush is nothing but typical partisanship for you. Your ignorance of economics, civics, and the budget are on full display here as usual

Debt when Bush lost his spending authority was 11 trillion dollars, March 31, 2009 and of that 350 billion was TARP. Where did those TARP repayments go, Vern?

Debt to the Penny (Daily History Search Application)

Obama and the radical left leadership knew there were people like you would would ignore the civics, ignore the no Bush budget, ignore the failure of the stimulus and blame Bush for everything and that has happened and continues to happen with you over and over again

 

[Vern]

Gee, Vern, yes i know you have explained it through your left wing partisan lens a few times but Vern, thought that Obama stimulus act(Feb 2009) along with a Democratic Congress was to create shovel ready jobs to prevent revenue losses? Hmmm, what happened with that stimulus? Guess seeing employment drop 4 million in 2009 didn't help the revenue side, did it?

Sorry Vern but all the expenses and none of the revenue going against Bush is nothing but typical partisanship for you. Your ignorance of economics, civics, and the budget are on full display here as usual

Debt when Bush lost his spending authority was 11 trillion dollars, March 31, 2009 and of that 350 billion was TARP. Where did those TARP repayments go, Vern?

Debt to the Penny (Daily History Search Application)

Obama and the radical left leadership knew there were people like you would would ignore the civics, ignore the no Bush budget, ignore the failure of the stimulus and blame Bush for everything and that has happened and continues to happen with you over and over again

that's odd, you're not addressing anything I've posted. I must be doing something right if you have whine about "shovel ready" again. Bush added 1.9 trillion to the national debt in FY 2009 by destroying the economy. And he added trillions more long after he was gone.

 

[Conservative]

that's odd, you're not addressing anything I've posted. I must be doing something right if you have whine about "shovel ready" again. Bush added 1.9 trillion to the national debt in FY 2009 by destroying the economy. And he added trillions more long after he was gone.

What is truly odd but not surprising is that you have made a total fool of yourself as usual as every point has been addressed but the issue is your Bush Derangement Syndrome carried over to this thread which is about the 2019 budget review. I am so sorry that Bush personally hurt you and your family for why else would you have so much hatred for him and total ignorance of the actual issue. Anyway this is 2019 budget revenue and right now Trump is making Obama look even worse than he did while in office and worse than Jimmy Carter