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Deficit falls $1.5 trillion; America to pay down debt first since Obama
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05-04-2022, 02:17 PM
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#1
- Noliberals4
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- Noliberals4
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Deficit falls $1.5 trillion; America to pay down debt first since Obama
https://www.washingtonpost.com/polit...cit-deduction/
California has record SHATTERING $68 billion budget surplus:https://www.politico.com/news/2022/0...o-68b-00028680
The party of fiscal responsibility (Democrats) doing the real work again. Don't need Republicans like Reagan, Bush, and Trump running up our debt anymore.
California has record SHATTERING $68 billion budget surplus:https://www.politico.com/news/2022/0...o-68b-00028680
The party of fiscal responsibility (Democrats) doing the real work again. Don't need Republicans like Reagan, Bush, and Trump running up our debt anymore.
Republicans are weak men who pretend to be strong
Democrats are strong men who pretend to be weak
05-04-2022, 02:22 PM
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#2
- iamanalphamale
- NEG ME HARDER, DADDY
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- iamanalphamale
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Originally Posted By Noliberals4⏩
Another "win" for Liberals LMAO.https://www.washingtonpost.com/polit...cit-deduction/
California has record SHATTERING $68 billion budget surplus:https://www.politico.com/news/2022/0...o-68b-00028680
The party of fiscal responsibility (Democrats) doing the real work again. Don't need Republicans like Reagan, Bush, and Trump running up our debt anymore.
California has record SHATTERING $68 billion budget surplus:https://www.politico.com/news/2022/0...o-68b-00028680
The party of fiscal responsibility (Democrats) doing the real work again. Don't need Republicans like Reagan, Bush, and Trump running up our debt anymore.
Can't wait until this gets kicked down the road like everything else this administration has promised their political pawns.
Keep coping, Libs.
05-04-2022, 02:22 PM
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#3
05-04-2022, 02:27 PM
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#4
- AlwaysFocus
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Originally Posted By gachase21⏩
do the 2nd one pleaseSo would you like to give an honest analysis of what actually happened here? Or have me come back and make you look like a complete idiot?
05-04-2022, 02:41 PM
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#5
- gachase21
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No, President Biden Has Not Implemented Historic Deficit Reduction
APR 8, 2022 BUDGETS & PROJECTIONS
While President Biden’s Fiscal Year (FY) 2023 budget calls for $1.05 trillion of welcomed deficit reduction, the Administration has largely been focused on taking credit for the expected $1.3 trillion fall in the deficit between FY 2021 and 2022. The Administration touting this victory is highly misleading; deficits are falling mainly because COVID relief is ending, and deficits will remain high even after this decline.
In President Biden’s State of the Union address, a White House fact sheet and press release, and several Twitter posts, the Administration has taken credit for what it calls “historic deficit reduction.” In a tweet in late March, President Biden declared, “my Administration is on track to cut the deficit by more than $1.3 trillion.”
While deficits are projected to decline from $2.8 trillion in 2021 to $1.4 trillion in 2022, this is mainly because Congress and the Administration increased deficits in 2021 (by $1.2 trillion), not because they reduced deficits in 2022.
Indeed,the main source of falling deficits is the expiration of most COVID relief such as enhanced unemployment benefits and recovery rebates.The remaining decrease is largely the result of strong income growthand high inflation.
Prior to the passage of the American Rescue Plan, the Congressional Budget Office (CBO) estimated the 2022 deficit would total $1.06 trillion, meaning the White House’s latest estimates of the 2022 deficit is $365 billion higher than projected when the President took office. Meanwhile, annual deficits will remain above pre-pandemic levels over the next decade and reach a whopping $1.8 trillion by 2032 under the President’s budget.
The President’s actions to date have not reduced deficits but instead increased them. Between the American Rescue Plan, the bipartisan infrastructure law, and various executive orders, we estimate at least $2.5 trillion has been added to deficits through 2031 over the President’s term so far.This excludes the recent omnibus spending bill, which may have added as much as $500 billion more over a decade, but due to high inflation, it largely represented a continuation of current services.
https://www.crfb.org/blogs/no-presid...icit-reductionAPR 8, 2022 BUDGETS & PROJECTIONS
While President Biden’s Fiscal Year (FY) 2023 budget calls for $1.05 trillion of welcomed deficit reduction, the Administration has largely been focused on taking credit for the expected $1.3 trillion fall in the deficit between FY 2021 and 2022. The Administration touting this victory is highly misleading; deficits are falling mainly because COVID relief is ending, and deficits will remain high even after this decline.
In President Biden’s State of the Union address, a White House fact sheet and press release, and several Twitter posts, the Administration has taken credit for what it calls “historic deficit reduction.” In a tweet in late March, President Biden declared, “my Administration is on track to cut the deficit by more than $1.3 trillion.”
While deficits are projected to decline from $2.8 trillion in 2021 to $1.4 trillion in 2022, this is mainly because Congress and the Administration increased deficits in 2021 (by $1.2 trillion), not because they reduced deficits in 2022.
Indeed,the main source of falling deficits is the expiration of most COVID relief such as enhanced unemployment benefits and recovery rebates.The remaining decrease is largely the result of strong income growthand high inflation.
Prior to the passage of the American Rescue Plan, the Congressional Budget Office (CBO) estimated the 2022 deficit would total $1.06 trillion, meaning the White House’s latest estimates of the 2022 deficit is $365 billion higher than projected when the President took office. Meanwhile, annual deficits will remain above pre-pandemic levels over the next decade and reach a whopping $1.8 trillion by 2032 under the President’s budget.
The President’s actions to date have not reduced deficits but instead increased them. Between the American Rescue Plan, the bipartisan infrastructure law, and various executive orders, we estimate at least $2.5 trillion has been added to deficits through 2031 over the President’s term so far.This excludes the recent omnibus spending bill, which may have added as much as $500 billion more over a decade, but due to high inflation, it largely represented a continuation of current services.
Now that article was written in April -and since then inflation has gotten even worse than thought which made- the reduction number get bigger-
But the main tax receipts that have come in before this decrease in GDP that we are suddenly experiencing- more to come….
And don’t forget the treasury remittance from the QE money
05-04-2022, 03:13 PM
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#6
- fitnessislife
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- fitnessislife
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3/10 trolling effort. Do better, ProLibs4.
Oh, and there's still record-breaking mass exoduses from California by citizens and businesses. Why would that happen if it were the GOAT state as you've falsely declared in the past?
Oh, and there's still record-breaking mass exoduses from California by citizens and businesses. Why would that happen if it were the GOAT state as you've falsely declared in the past?
"At the core of liberalism is the spoiled child - miserable, as all spoiled children are, unsatisfied,
demanding, ill-disciplined, despotic and useless. Liberalism is a philosophy of sniveling brats."
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05-04-2022, 03:18 PM
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#7
- TallTigerTwo
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Came in expecting nolibs to get wrecked as usual.
Leaving satisfied.
Leaving satisfied.
05-04-2022, 06:52 PM
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#8
- Noliberals4
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- Noliberals4
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Originally Posted By gachase21⏩
Cope.https://www.crfb.org/blogs/no-presid...icit-reduction
Now that article was written in April -and since then inflation has gotten even worse than thought which made- the reduction number get bigger-
But the main tax receipts that have come in before this decrease in GDP that we are suddenly experiencing- more to come….
And don’t forget the treasury remittance from the QE money
Now that article was written in April -and since then inflation has gotten even worse than thought which made- the reduction number get bigger-
But the main tax receipts that have come in before this decrease in GDP that we are suddenly experiencing- more to come….
And don’t forget the treasury remittance from the QE money
Trump broke deficit records, as did Bush. They go down with Clinton and now Biden. Democrats win (as usual).
Republicans are weak men who pretend to be strong
Democrats are strong men who pretend to be weak
01-06-2024, 05:32 PM
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#9
- gachase21
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Originally Posted By Noliberals4⏩
68 billionhttps://www.washingtonpost.com/polit...cit-deduction/
California has record SHATTERING $68 billion budget surplus:https://www.politico.com/news/2022/0...o-68b-00028680
The party of fiscal responsibility (Democrats) doing the real work again. Don't need Republicans like Reagan, Bush, and Trump running up our debt anymore.
California has record SHATTERING $68 billion budget surplus:https://www.politico.com/news/2022/0...o-68b-00028680
The party of fiscal responsibility (Democrats) doing the real work again. Don't need Republicans like Reagan, Bush, and Trump running up our debt anymore.
Wow!!!
https://fortune.com/2024/01/03/calif...hollywood/amp/
01-06-2024, 05:47 PM
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#10
- LargePeter
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- LargePeter
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Originally Posted By gachase21⏩
lmfaoRAW DOG CREW LIEUTENANT
ALL ROADS LEAD TO MENTZER
President Donald J Trump Crew
Steroids Crew
Growth Hormone Crew
Miscers Who Lift Crew
Robert Pickton Hooker Disposal Crew
Mustang Crew
No Alcohol Crew
Gay Phaggot Crew:
Papi Cholo
01-07-2024, 05:47 AM
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#11
- nutsy54
- Random Words
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- nutsy54
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Originally Posted By Noliberals4⏩
Huh? The federal debtINCREASED BY $2 TRILLIONin FY2023America to pay down debt first since Obama
PS: The federal debtINCREASED by $7 TRILLIONunder the Obama administration. No debt was "paid down".
The party of fiscal responsibility (Democrats) doing the real work again.
Nope. The party of Pelosi-Shumer-Biden...ADDED $2 TRILLIONto the federal debt last year.https://fiscaldata.treasury.gov/data...t-to-the-penny
01-07-2024, 06:38 AM
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#12
Originally Posted By Noliberals4⏩
https://www.washingtonpost.com/polit...cit-deduction/
California has record SHATTERING $68 billion budget surplus:https://www.politico.com/news/2022/0...o-68b-00028680
The party of fiscal responsibility (Democrats) doing the real work again. Don't need Republicans like Reagan, Bush, and Trump running up our debt anymore.
California has record SHATTERING $68 billion budget surplus:https://www.politico.com/news/2022/0...o-68b-00028680
The party of fiscal responsibility (Democrats) doing the real work again. Don't need Republicans like Reagan, Bush, and Trump running up our debt anymore.
Originally Posted By gachase21⏩
Impressive, it only took 1.5 yrs to blow through 136 billion dollars. Not serious.Official Supp. Misc Beer Crew
There's a taste of fear
When the henchmen call
Iron fist to tame them
Iron fist to claim it all
01-07-2024, 07:17 AM
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#13
- BullittEV
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- BullittEV
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Originally Posted By icetrauma⏩
Check out the bullet train situation, lolImpressive, it only took 1.5 yrs to blow through 136 billion dollars. Not serious.
USMC 0311
*Ice Hockey/Lacrosse Crew*
*fukkin zeezbrah when pickin up chicks but do one thing to fuk it up/cant sustain after that night crew*
*C7 GS Vette Crew*
01-07-2024, 09:11 AM
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#14
01-07-2024, 12:20 PM
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#15
01-07-2024, 02:03 PM
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#16
- nkiritsis13
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- nkiritsis13
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The deficit simply has to identify as a surplus. Easy fix.
https://archive.is/xG5Pa
Estimates suggest it will cost between $88 billion and $128 billion to complete the entire system from LA to San Francisco.
All of that waste for zero progress on what one can only imagine to be a hellishSnowpiercerPoopiercer nightmare.
Originally Posted By BullittEV⏩
Oh wow, ha ha!Check out the bullet train situation, lol
https://archive.is/xG5Pa
Originally Posted By WSJ
15 years later, there is not a single mile of track laid, and executives involved say there isn’t enough money to finish the project.It didn’t get a lot of attention, but last month the White House awarded $3.1 billion to the California High-Speed Rail project. This was supposed to be a bullet train connecting San Francisco and Los Angeles in less than three hours. Instead, its costs keep rising even as the state scales back the plan. Since 2008, when California voters authorized a $10 billion bond issue for the train, they’ve been sold a bill of goods.
The original total estimated construction cost to taxpayers was $33 billion. That’s risen to at least $100 billion. The authority decided to offerservice between San Francisco and Los Angeles in Phase I, then eventually extend the train service north to Sacramento and south to San Diego.Phase I was to have been completed by 2020.
Within five years of the bond approval, costs had soared so high that the California High-Speed Rail Authority had to adopt an emergency plan to contain them. One idea was to slow down the trains by having them share tracks with conventional commuter trains in parts of the San Francisco and Los Angeles areas. That reduced projected costs by billions of dollars—but made a mockery of the “high speed” rail claim.
In 2019 newly inaugurated Gov. Gavin Newsom declared that because of construction complications and cost overruns, the train would initially travel only down a 171-mile segment between Merced (a 130-mile drive from San Francisco) and Bakersfield (110 miles from Los Angeles).That segment was to cost $22.8 billion.
Then the California High-Speed Rail Peer Review Committee dropped another bomb:The San Francisco to Los Angeles phase would take another 15 to 20 years to build, would cost three times as much as projected, and would be unable to meet legally mandated trip times.
About the same time, the nonpartisan Legislative Analyst’s Office highlighted a $10 billion to $12 billion funding shortfall for the Merced-to-Bakersfield segment, though only a year before the California High-Speed Rail Authority’s 2022 Business Plan had said “revenues would be roughly equivalent to costs.” The federal grant will pay for less than one-third of the year’s cost overrun.
In legislative testimony, Louis S. Thompson, chairman of the Peer Review Committee,put the Phase I funding gap at $93 billion to $103 billion. He also noted there isat least an $8 billion increase that hasn’t been counted in the Southern California segment. “Even with a realistic share of new federal funding,” he said, “the project cannot get outside the Central Valley without added state or local funding.” The Legislative Analyst’s Office agreed.
Future cost escalation seems likely on the San Francisco and Los Angeles legs of Phase I, with massive tunneling through the Tehachapi Mountains toward Los Angeles and below the Coast Range toward San Francisco.
The committee concluded that “there is no existing federal program anywhere near the scale or sustaining level needed. There will need to be significant and sustained additional State funding on a predictable and adequate level.” But the Legislative Analysts’s Office has announced a $68 billion deficit, slamming that window shut for now—unless more federal money is on the way.
Meanwhile, Florida has a new rail system up and running between Orlando and Miami, with all private financing. Florida also has a state budget surplus.
The original total estimated construction cost to taxpayers was $33 billion. That’s risen to at least $100 billion. The authority decided to offerservice between San Francisco and Los Angeles in Phase I, then eventually extend the train service north to Sacramento and south to San Diego.Phase I was to have been completed by 2020.
Within five years of the bond approval, costs had soared so high that the California High-Speed Rail Authority had to adopt an emergency plan to contain them. One idea was to slow down the trains by having them share tracks with conventional commuter trains in parts of the San Francisco and Los Angeles areas. That reduced projected costs by billions of dollars—but made a mockery of the “high speed” rail claim.
In 2019 newly inaugurated Gov. Gavin Newsom declared that because of construction complications and cost overruns, the train would initially travel only down a 171-mile segment between Merced (a 130-mile drive from San Francisco) and Bakersfield (110 miles from Los Angeles).That segment was to cost $22.8 billion.
Then the California High-Speed Rail Peer Review Committee dropped another bomb:The San Francisco to Los Angeles phase would take another 15 to 20 years to build, would cost three times as much as projected, and would be unable to meet legally mandated trip times.
About the same time, the nonpartisan Legislative Analyst’s Office highlighted a $10 billion to $12 billion funding shortfall for the Merced-to-Bakersfield segment, though only a year before the California High-Speed Rail Authority’s 2022 Business Plan had said “revenues would be roughly equivalent to costs.” The federal grant will pay for less than one-third of the year’s cost overrun.
In legislative testimony, Louis S. Thompson, chairman of the Peer Review Committee,put the Phase I funding gap at $93 billion to $103 billion. He also noted there isat least an $8 billion increase that hasn’t been counted in the Southern California segment. “Even with a realistic share of new federal funding,” he said, “the project cannot get outside the Central Valley without added state or local funding.” The Legislative Analyst’s Office agreed.
Future cost escalation seems likely on the San Francisco and Los Angeles legs of Phase I, with massive tunneling through the Tehachapi Mountains toward Los Angeles and below the Coast Range toward San Francisco.
The committee concluded that “there is no existing federal program anywhere near the scale or sustaining level needed. There will need to be significant and sustained additional State funding on a predictable and adequate level.” But the Legislative Analysts’s Office has announced a $68 billion deficit, slamming that window shut for now—unless more federal money is on the way.
Meanwhile, Florida has a new rail system up and running between Orlando and Miami, with all private financing. Florida also has a state budget surplus.
Estimates suggest it will cost between $88 billion and $128 billion to complete the entire system from LA to San Francisco.
All of that waste for zero progress on what one can only imagine to be a hellishSnowpiercerPoopiercer nightmare.
I will stand firm, I refuse to kneel - The fury in me is divine
My dark grave awaits, my fate is revealed - But I'm not afraid to die
If you have any problems or need advice, feel free to ask
01-07-2024, 03:14 PM
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#17
- freeheeler
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- freeheeler
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California healthcare for illegal criminals
https://www.healthforcalifornia.com/...nsured-penalty
Undocumented Californians are leaving health care clinics with “smiles” after they learn they’re newly eligible for Medi-Cal insurance. The health insurance expansion was decades in the making for immigrant advocates.
California healthcare penalties for working Americanshttps://www.healthforcalifornia.com/...nsured-penalty
What Is the Health Insurance Penalty in California?
The penalty for not having health insurance increases every year. You may want to decide whether it is worth paying the penalty or enrolling in an ACA-compliant California health insurance plan. Here are the ways tax penalties have increased each year:
2015: The penalty was around $325 per adult and $162.50 per child or 2% of your taxable household income minus the federal tax-filing threshold. This was the minimum income required by the IRS for someone to file an income tax return.
2016: The penalty rose to $695 per adult and $347.50 per child or 2.5% of your taxable household income minus the federal tax-filing threshold.
2017 to 2018: The penalty increased to $695 per adult and $347.50 per child, plus COLA (“Cost of Living Adjustment”) or 2.5% of your taxable household income minus the federal tax-filing threshold.
2019: In 2019, the tax fees were rescinded, meaning those uninsured wouldn’t have to pay fines during the year.
2020 to 2022: In 2020, California again required that taxpayers enroll in health insurance or face penalties during tax season. Depending on your income, fees could be around $800 per adult and $400 per dependent child or anyone under 18 in the household who relies on you for income. Or, you’ll be required to pay 2.5% of your gross income that’s above the filing threshold, which is based on how many dependents you have and your tax filing status. You’ll pay whichever is higher.
2023: A flat amount based on the number of people in the household, $850 per adult 18 years or older and $425 per dependent child, up to an annual max of $2,550.
What Are My Options for Complying With Obamacare?
You have options when it comes to complying with Obamacare:
Get no insurance: You’ll still have to pay the penalty at tax time in California. Consider carefully before choosing this option.
Get cheap insurance: Remember that a cheap insurance plan often won’t meet minimum essential benefits requirements, and you might still have to pay the penalty at tax time.
Enroll in a qualified health plan: This option does not have to be through Covered California to avoid the penalty, but it must be a Covered California plan to qualify for a government subsidy.
Enroll in a Health Care Sharing Plan (HCSP): An HCSP exempts you from the tax penalty and may offer lower premiums than traditional health insurance plans.
[The penalty for not having health insurance increases every year. You may want to decide whether it is worth paying the penalty or enrolling in an ACA-compliant California health insurance plan. Here are the ways tax penalties have increased each year:
2015: The penalty was around $325 per adult and $162.50 per child or 2% of your taxable household income minus the federal tax-filing threshold. This was the minimum income required by the IRS for someone to file an income tax return.
2016: The penalty rose to $695 per adult and $347.50 per child or 2.5% of your taxable household income minus the federal tax-filing threshold.
2017 to 2018: The penalty increased to $695 per adult and $347.50 per child, plus COLA (“Cost of Living Adjustment”) or 2.5% of your taxable household income minus the federal tax-filing threshold.
2019: In 2019, the tax fees were rescinded, meaning those uninsured wouldn’t have to pay fines during the year.
2020 to 2022: In 2020, California again required that taxpayers enroll in health insurance or face penalties during tax season. Depending on your income, fees could be around $800 per adult and $400 per dependent child or anyone under 18 in the household who relies on you for income. Or, you’ll be required to pay 2.5% of your gross income that’s above the filing threshold, which is based on how many dependents you have and your tax filing status. You’ll pay whichever is higher.
2023: A flat amount based on the number of people in the household, $850 per adult 18 years or older and $425 per dependent child, up to an annual max of $2,550.
What Are My Options for Complying With Obamacare?
You have options when it comes to complying with Obamacare:
Get no insurance: You’ll still have to pay the penalty at tax time in California. Consider carefully before choosing this option.
Get cheap insurance: Remember that a cheap insurance plan often won’t meet minimum essential benefits requirements, and you might still have to pay the penalty at tax time.
Enroll in a qualified health plan: This option does not have to be through Covered California to avoid the penalty, but it must be a Covered California plan to qualify for a government subsidy.
Enroll in a Health Care Sharing Plan (HCSP): An HCSP exempts you from the tax penalty and may offer lower premiums than traditional health insurance plans.
Scubastevo :-What percentage of women have STDs? (serious) If I just wanted to go bareback with any girl that I could get with, what are my chances of ending up bed ridden with STDs?
01-07-2024, 03:15 PM
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#18
Originally Posted By BullittEV⏩
More like the dud train.Check out the bullet train situation, lol
Official Supp. Misc Beer Crew
There's a taste of fear
When the henchmen call
Iron fist to tame them
Iron fist to claim it all
01-08-2024, 08:37 AM
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#19
- nkiritsis13
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- nkiritsis13
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Originally Posted By freeheeler⏩
We'd be better off as a nation just expelling California and deporting all the illegal immigrants and criminals there like an entire "Escape fromLACA" situation.California healthcare for illegal criminals
California healthcare penalties for working Americans
https://www.healthforcalifornia.com/...nsured-penalty
[
California healthcare penalties for working Americans
https://www.healthforcalifornia.com/...nsured-penalty
[
I will stand firm, I refuse to kneel - The fury in me is divine
My dark grave awaits, my fate is revealed - But I'm not afraid to die
If you have any problems or need advice, feel free to ask
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