Gone to Trumpland every one.
Closing Thought–23Aug19
Before I go on my rant about the deficit…..I would like to update a post on the deaths of 2 Americans in Afghanistan a few days ago…..
The Department of Defense has released the names of two U.S. service members who were killed in Afghanistan on Wednesday, August 21, 2019. They are members of the 7th Special Forces Group based at Eglin Air Force Base, Florida.
Both soldiers died in Faryab province, Afghanistan as a result of wounds sustained from small arms fire while engaged in combat operations.
Master Sergeant Luis DeLeon-Figueroa, 31, of Chicopee, Massachusetts.
Master Sergeant Jose J. Gonzalez, 35, of La Puente, California.
More than half of the U.S. deaths in Afghanistan in 2019 have been Special Forces casualties – sometimes referred to as Green Berets. The two soldiers were assigned to the NATO Special Operations Component Command – Afghanistan (NSOCC-A). The soldiers received a posthumous promotion.
I recall my younger days in the political scene…there were social hawks and deficit hawks….the GOP were traditionally the hawks on the deficit….that is until they sold their souls to Trump.
Who really cares about the budget deficit? https://lobotero.com/2009/06/13/is-the-deficit-really-of-concern/
And the question is still asked and failed to be answered.
All their rhetoric about the dangers of running a massive deficit were stuff of legend……but came 9/11 and their desire for revenge and allowed the defense budget to explode the deficit…..and then cam Trump and all pretense about caring about the deficit is gone.
The news coming out of the CBO is terrible and yet the GOP is silent thus approving of the massive deficit they have given the nation…..
The deficit will swell by $809 billion more than anticipated over the next decade, the Congressional Budget Office announced in new projections Wednesday, per the AP. The Washington Post reports the US was already expected to hit a deficit over the $1 trillion mark in 2020. The change here, which is an update to the CBO’s May report, is due to recently enacted legislation on two fronts: the budget deal signed into law this month and supplemental spending at the border. A grim line from the new CBO report: “To put [debt] on a sustainable course lawmakers will have to make significant changes to tax and spending policies.”
CNBC quotes CBO Director Phillip Swagel as saying in the report that “federal debt … is on an unsustainable course,” and that while it will average $1.2 trillion annually between 2020 and 2029 it’ll jump even higher after that as the population ages and health-care spending rises. A third grim line from the report, per Fox News: “As a result of those deficits, federal debt held by the public is projected to grow steadily, from 79% of GDP in 2019 to 95% in 2029—its highest level since just after World War II.”
Give it time and the deficit hawks will return….probably when there is a Dem president…..and a GOP Congress……funny how all that manure works…..and yet they only care about deficit spending when it applies to social safety net…..
Learn Stuff!
“Lego Ergo Scribo”