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GOP Congress Presides Over Highest Spending Since Obama’s Stimulus
CNS News Service ^

Posted on 10/20/2017 1:04:35 PM PDT by JP1201

(CNSNews.com) - Real federal spending in fiscal 2017, which ended on Sept. 30, was higher than in any year in the history of the United States other than fiscal 2009, which was the year that President Barack Obama’s $840 billion stimulus law was enacted.

Fiscal 2017 also saw the second highest real federal individual income tax totals of any year in U.S. history, according to the Monthly Treasury Statement released today.

(Excerpt) Read more at cnsnews.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Government; News/Current Events
KEYWORDS:

1 posted on 10/20/2017 1:04:35 PM PDT by JP1201
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To: JP1201

Trying to tell us that this budget is a monster compared to others? Well, it’s not.


2 posted on 10/20/2017 1:08:14 PM PDT by Sacajaweau
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To: JP1201

We have not had a budget since 2009.

Ever expanding continuous resolutions are how we do it now.


3 posted on 10/20/2017 1:13:31 PM PDT by Lurkinanloomin (Natural Born Citizen Means Born Here Of Citizen Parents - Know Islam, No Peace -No Islam, Know Peace)
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To: JP1201

Fed.gov budget, which is basically Soc. Security, Medicaid/Medicare, Military and Interest on debt - is on upward, one-way autopilot.


4 posted on 10/20/2017 1:13:33 PM PDT by PGR88
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To: JP1201; SkyPilot; Roman_War_Criminal

[fiscal 2009, which was the year that President Barack Obama’s $840 billion stimulus law was enacted. ]

I remember when the DOW, IIRC, hit about 6200 and change in that year. Gas, which had been, $2-$3 hit $1.24.9 at the local convenience store. Then I saw pics of all those idled ships in the Indian Ocean and whole blocks of homes in California boarded up.


5 posted on 10/20/2017 1:28:55 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: Sacajaweau

https://finance.yahoo.com/quote/%5EDJI?p=^DJI


6 posted on 10/20/2017 1:29:25 PM PDT by Bogie
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To: SaveFerris

Was a tough time, indeed.


7 posted on 10/20/2017 1:32:53 PM PDT by WilliamCooper1
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To: JP1201

Many of Obama’s annual deficits were over a trillion dollars. Of course, that doesn’t even include the quantitative easing by the fed under Obama. That brings the real debt much higher. 650 billion is not good but given recent history not that bad by comparison. We are only going to be able to grow our way out of this debt. The congress will never cut spending.


8 posted on 10/20/2017 1:34:57 PM PDT by McCarthysGhost
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To: JP1201

That’s true in most every year since each budget starts with the previous year budget then adds a bunch of spending.


9 posted on 10/20/2017 1:36:09 PM PDT by Jonny7797
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To: WilliamCooper1

Absolutely. What has been done? Just more public debt.

Guess we’re gonna find out how it goes.


10 posted on 10/20/2017 1:37:14 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: PGR88

Fed.gov budget, which is basically Soc. Security, Medicaid/Medicare ... everything else is just chicken feed, including the military


11 posted on 10/20/2017 1:40:06 PM PDT by PIF (They came for me and mine ... now it is your turn ...)
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To: PIF

Yes.

Both socialistic programs you mention absorbed our economy, endangered our national security and severely limited our freedom and liberty to pursue growth and achievement.

All institutions are made mediocre, self serving and turned inward.

Trump does buck the trend, against this tide and all odds.


12 posted on 10/20/2017 1:56:16 PM PDT by RitaOK (Viva Christo Rey! Public Education/Academia are the farm team for more Marxists coming... infinitum.)
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To: Jonny7797

Obamas $650 billion billion, or however much it was, has been built into every continuing resolution since. It wasn’t just a one time thing.


13 posted on 10/20/2017 3:16:30 PM PDT by sheana
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