With a New President Coming In, What Do You Think Will Happen To The U.S. Budget

Jump to Last Post 1-5 of 5 discussions (19 posts)
  1. Rock_nj profile image83
    Rock_njposted 8 years ago

    With a New President Coming In, What Do You Think Will Happen To The U.S. Budget Deficit & Debt?

    We have a New President of the United States taking office with big spending plans and big tax cuts.  What do you think will happen to the U.S. budget deficit and debt over the next four years?

  2. jackclee lm profile image77
    jackclee lmposted 8 years ago

    It all depends on who is in charge. If the GOP leadership in Congress is in control, I am afraid the debt will get worse. If the Trump team gets their way, hopefully, we can bring it down slowly. Either way, our country is in dire straights. As the interest rate begin to rise this year, the service to the debt will increase and kill the budget. There is no free lunch. We spent the money and now we and out kids and grand kids must pay it back one way our another.

    1. mike102771 profile image70
      mike102771posted 8 years agoin reply to this

      So you are saying that we won't get our Money for nothin' and chicks for free anymore?

  3. bradmasterOCcal profile image49
    bradmasterOCcalposted 8 years ago

    https://usercontent1.hubstatic.com/12719908_f260.jpg

    What happened to the US Budget Deficit, and National Debt since the beginning of the Vietnam War? Since then we have had both parties in a control at different times, and what is the result today?

    So what is the implication of your question, or point?
    What have we done during that time to update our infrastructures, and resources. How did trillions of dollars to government agencies to protect our country at home and abroad, and not have a single defense during 911.
    NORAD et al.

  4. Alternative Prime profile image65
    Alternative Primeposted 8 years ago

    https://usercontent1.hubstatic.com/13358334_f260.jpg

    If Wall Street OWNED "Koch Brothers PUPPET" Republican Paul Ryan gets his way without OBSTRUCTION, OUR Debt/Deficit will EXPLODE ~ His RADICAL Agenda calls for "GARAGANTUAN Tax CUTs" 4 CORPORATIONs & the WEALTHY which are even MORE egregious than those imposed by George W Bush ~ Medicaid CUTs & the Privitization or more accurately known as the "PROFITIZATION" of both Medicare & Social Security which will DEVASTATE not ONLY the Balance Sheet but OUR Economy ~ Throw in 20 to 40 BILLION to Finance the GREAT Wall in Donald's Little HEAD which he PROMISED Mexico would PAY 4 and just these items alone will be Catastrophic ~

    I'd Recommend that U INVESTIGATE Republican Paul Ryan's RADICALLY ANTI-American Agenda filled to the BRIM with SCHEMEs ~ You'll be nothing LESS than SHOCKED ~

    1. jackclee lm profile image77
      jackclee lmposted 8 years agoin reply to this

      The wall is long over due. I don't care who pays for it. Good fences makes for good neighbors.

    2. Alternative Prime profile image65
      Alternative Primeposted 8 years agoin reply to this

      You're Obviously a "TRUMP Sheep" which is WHY I'm not Surprised that Donald's "PATHOLOGICAL Lies" about Mexico Paying 4 his Useless "Tonage of CONCRETE" is Ignored ~ He was in MEXICO a short time ago, WHY did he FAIL 2 Secure the FUNDs then??

    3. Ericdierker profile image49
      Ericdierkerposted 8 years agoin reply to this

      Hey Prime did you know that our remittance to mexico every year is way over 20 Billion USD. Mske that illegal like it is to many countries and you pay for the wall!

    4. Alternative Prime profile image65
      Alternative Primeposted 8 years agoin reply to this

      U should learn what the Remittance is ~ I guess we have a "TRUMP Sheep" who Blindly FOLLOWs CON-Man Donald ~ Thirdly WHY not use his "BIG Winning DEAL Making Skills" 2 get the Funds from MEXICO? ~ Lastly this may be MOOT when he's IMPEACHED

    5. jackclee lm profile image77
      jackclee lmposted 8 years agoin reply to this

      If I recall, the wall was passed by Congress years ago but never completed. It is not a Republican or Democrat issue but an American issue. I ask you, what is a definition of a country? A country without borders is not a country.

    6. Rock_nj profile image83
      Rock_njposted 8 years agoin reply to this

      How many countries is remittance of money from the U.S. banned to?  Just a handful right, like North Korea? Not sure I get this wall thing.  Been to the Mexican border in AZ and there is a wall where I was. I agree with controlling our borders.

    7. Ericdierker profile image49
      Ericdierkerposted 8 years agoin reply to this

      Oh it is really cool John, Vietnam was off, China was off. Then we make trade deals and they are on. Trump knows the calculations obviously. Our remittance to them(mexico) is more that Pemex brings in. That Slim dude cannot compete at all. Fox?

    8. Alternative Prime profile image65
      Alternative Primeposted 8 years agoin reply to this

      Jackie ~ The USA is FINE without a Gigantic 30 BILLION OBSOLETE Wall paid 4 with Tax-Payer Fundss ~ The most "SENSITIVE & Secret" place on EARTH Area 51 has NO Wall just Technology 4 Protection ~ John I Support BORDER Protection 2 ~ Eric ~ ???

    9. jackclee lm profile image77
      jackclee lmposted 8 years agoin reply to this

      The wall does not have to be a physical wall throughout the southern border. We are talking about a wall, surveillance, drones, night vision sensor and also tracking over stay visas and other means of illegal entry...A country is defined by borders..

    10. Alternative Prime profile image65
      Alternative Primeposted 8 years agoin reply to this

      We R DEFINED by OUR "People, CULTURE & Societal Enhancements" not BORDERs or Obsolete WALLz ~ I Support ENHANCING Security via "INVISIBLE Technology & MAN-POWER" but we can't afford it with Republican PAUL Ryan's "Corporate Welfare SCHEME"

  5. Ericdierker profile image49
    Ericdierkerposted 8 years ago

    It will go up initially and then down.
    I think that there are a whole lot of people who throw national debt stuff around in ignorance or as a buggie man to attack for political gain.
    Just look at who owns most of our paper. It is akin to the Mouse that Roared. China could no more call the debt due than a unsecured creditor against a bankrupt.
    Think this way, the guy who owes you money is by about 20xs your biggest customer. Sure foreclose on the guy and run him out of business on a debt he cannot pay. Well you just failed your business.
    Loan sharks do not kill their delinquent customers. Not even like in the movies where they do it as a warning.
    Now drug dealers do kill competitors but almost never the junkie.
    In a comparison it is interesting to look at the worlds 7th largest economy and that would be California. California has a huge state budget deficit. Until you realize it is about the amount of import export  dealings for 4 days.
    When you think of billions and trillions you have to look no further than McDonalds -- 27.5 Billion in sales a year. Just the profit margin on the oil we export and import per month equals our national budget (or something close)
    I had a husband and wife client that came to me because they were freaking out about their debt. It was way over 500K. I declined them as a client as their assets were way over 6 million.
    US budget and deficits are only relative. What happens if Trump actually grows our GNP by 40% -- it could happen. Then wouldn't it be kind of silly to complain if the debt ratio went down although the debt stayed the same?

    1. jackclee lm profile image77
      jackclee lmposted 8 years agoin reply to this

      The debt is the debt and has little to do with GDP or GNP... It is tied intricately wih the interest rate. Do you wonder why the interest rate is near zero for the last 10 years? If the interest rate was left to natural flow, it would be atound 3%

    2. Ericdierker profile image49
      Ericdierkerposted 8 years agoin reply to this

      Jack, that is the spew. Not true. Think of the "vig" charged by a mafia ring. The vig is what the potential downside is in loaning money -- economists call it the "cost of money". Buddy, we could borrow another 3 trill tomorrow. Our viig is low.

    3. jackclee lm profile image77
      jackclee lmposted 8 years agoin reply to this

      I disagree. The only reason we are not like Greece right now is because the dollar is still the standard currency used around the world. The day when thst stops, our currency will be almost worthless. The debt is too high to pay back and the QEs...

 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://corp.maven.io/privacy-policy

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
ClickscoThis is a data management platform studying reader behavior (Privacy Policy)