Senator Introduces #Hashtag Deduction for Standard 1040 Filings

David Dickinson

A good dose of afternoon humor. Thank you.
- Dylan Lloyd
  
  Thanks😁
Gabrielle LeVecque

Bravo!!!
- Dylan Lloyd
  
  #bravo
Andrew Olson

Yes, it’s an amusing joke, but let’s face it: There’s a fraud being perpetrated around the deficit, budget and economy. It has nothing good for real conservatives. It’s not a coincidence with the market tanking — errr, correcting.

The federal government will borrow nearly $1 trillion this fiscal year — Trump’s first full year in charge of the budget, double what we borrowed in fiscal year 2017.

Exact figures: US Treasury will borrow $955 billion this fiscal year, the most borrowing in 6 yrs, a big jump
from the $519 billion borrowed last year.

Treasury attributed the increase to the “fiscal outlook.” CBO was more blunt. The CBO said tax receipts are going to be lower because of the new tax law.

According to the local news, the budget agreement will add $500 billion in new spending over two years and suspend the debt ceiling until 2019. This came after the tax cut that would add more than $1 trillion to the debt over a decade. With all these changes, the annual gap between spending and revenue in 2019 is projected to eclipse $1.1 trillion, up from $439 billion in 2015.

Money quote: “It’s the wrong thing to do because it’s not consistent with what we told the American people we were going to do, and what they elected us to do,” said Rep. Jim Jordan (R-Ohio). “We’re going to run a
trillion-dollar deficit.”
- Dylan Lloyd
  
  I hear ya. It’s like Monopoly money to them, almost as if expect a magical swipe of the pen to erase the debt without somehow devaluing currency, and I thought we’re not supposed to be in the game of price controls. Getting out of debt is an uphill battle, and the interest rates are rising now too. We have a president who once bragged about being the king of debt, and how I use bankruptcy to further his interests, don’t consider me optimistic of that working in government.
  - Roger Schweikert
    
    If the only thing a convention of States could accomplish was the imposition of term limits on “career politicians:” or the requirement that annual budgets had to be balanced and actually pay down a portion of our national debt, it would be well worth it.
Andrew Olson

Rand Paul coverage from the morning Post:

As he forced a brief government shutdown overnight to draw attention to his party’s hypocrisy on deficit spending, Kentucky’s junior senator was the personification of William F. Buckley’s definition of conservatism: standing athwart history, yelling stop, at a time when no one is inclined to do so, or to have much patience with those who so urge it.

“I ran for office because I was very critical of [Barack] Obama’s trillion-dollar deficits. Now we have Republicans hand-in-hand with Democrats offering us trillion-dollar deficits,” Paul said during a floor speech, as he predicted that “a day of reckoning” is coming. “I can’t in all good honesty, in all good faith, just look the other way because my party is now complicit in the deficits.”

What do the Bull Elephants say? Nothing. They crack jokes. Discuss pictures of purported philanderers. Call each others names. Fundamental conservative issues like the deficit? That was an issue to hold over Obama’s head, or Clinton’s head.

Trump has run multiple companies into bankruptcy with reckless spending and borrowing. Now it’s our country. The ends do not justify these means.

Senator Introduces #Hashtag Deduction for Standard 1040 Filings

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