Quote:
Originally Posted by Goodnight
I don't hear this getting much debate in the democratic debates or the president and his economic staff but we are truly on course for record deficits. We need to increase revenue and reduce spending.
CBO report indicates a $2T deficit by 2028
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the FY ends in 17 days
the deficit at 1 trillion is still lower than the average of Obama's 8 years
6 out of 8 years with trillion dollars deficits including his (Obama) LAST YEAR
10/01/2009................................ 11,920,519,164,319.42
09/30/2010................................ 13,561,623,030,891.79
difference of 1,641,103,866,572............................1.6 trillion deficit fy10
10/01/2010.................................13,610,847,58 5,810.09
09/30/2011.................................14,790,340,32 8,557.15
1,179,492,742,747...........................1.17tr illion deficit fy11
09/30/2011................................ 14,790,340,328,557.15
09/28/2012................................ 16,066,241,407,385.89
1,275,901,078,828..........................1.27 trillion deficit fy12
10/01/2012.................................16,159,487,01 3,300.35
09/30/2013.................................16,738,183,52 6,697.32
578,696,513,397..............................578 billion deficit fy13......the only one of two full years under one trillion
10/01/2013................................. 16,747,478,675,335.18
09/30/2014................................. 17,824,071,380,733.82
1,076,592,705,398..............................1.0 7 trillion deficit fy14
10/01/2014................................. 17,824,071,380,733.82
09/30/2015................................. 18,150,617,666,484.33
326,546,285,750.51..............................32 6 billion deficit fy15...the second less than trillion
10/01/2015................................. 18,150,617,666,484.33
09/30/2016.................................19,573,444,71 3,936.79
1,422,827,047,452.46.............................. 1.42 trillion deficit fy16
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and 2 t by 2028...do you know why..... medicare/Medicaid
in 2016 medicare was 691 billion
what is even more interesting is what the predicted outlays will be in the future
in 2016 medicare was 691 billion
prediction for 2020....963 billion
prediction for 2026....1.383 Trillion
lets now add in Medicaid
Medicaid:
2000.....117 billion
2008.....201 billion
2016.....368 billion
actual Medicaid 2016.....368 billion
prediction for 2020....450 billion
prediction for 2026....616 Billion
so the prediction is medicare and Medicaid is expected to be over 2 trillion dollars is less than 8 years
that's just the GOVERNMENT costs of Medicare and Medicaid... and medicare/Medicaid covers less than 1/6 of our population..
the Democratic candidates; nearly everyone of them is talking about increasing spending by multiple trillions per year
universal income will cost 3+ trillion yearly
M4A will cost 4+ trillion yearly
student loan forgiveness/free tuition will cost 2 trillion the first year and 3/4 trillion yearly after that
free daycare....will cost 1.2trillion+ yeaarly
our problem...no matter who is in charge...is spending.....WashingtonDC you have a spending problem
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