Looming U. S. National debt crisis.

[SOUL-DRIFTER]

National debt is getting progressively worse and worse and if our politicians of either side do not mount a plan to get it under control it will devour our economy and the economical system will collapse.
Nobody in any political party is addressing this or trying to do anything about it.

Read and look at the data.
Social programs went from 21% of federal budget in 1960 to 63% in 2016. That same time period spending on our defense dropped from 53% down to 18%.
Can you see where this is leading just in this area?

Publicly traded companies are legally required to account for “explicit” and “implicit” future obligations such as employee pensions and retirement benefits.[7] [8] [9] The federal budget, which is the “government’s primary financial planning and control tool,” is not bound by this rule.[10] [11]


* At the close of the federal government’s 2016 fiscal year (September 30, 2016), the federal government had roughly:

• $8.5 trillion ($8,542,000,000,000) in liabilities that are not accounted for in the publicly held national debt, such as federal employee retirement benefits, accounts payable, and environmental/disposal liabilities.[12]
• $29.0 trillion ($29,038,000,000,000) in obligations for current Social Security participants above and beyond projected revenues from their payroll and benefit taxes, certain transfers from the general fund of the U.S. Treasury, and assets of the Social Security trust fund.[13] [14]
• $32.9 trillion ($32,900,000,000,000) in obligations for current Medicare participants above and beyond projected revenues from their payroll taxes, benefit taxes, premium payments, and assets of the Medicare trust fund.[15] [16]

* The figures above are determined in a manner that approximates how publicly traded companies are required to calculate their liabilities and obligations.[17] [18] [19] The obligations for Social Security and Medicare represent how much money must be immediately placed in interest-bearing investments to cover the projected shortfalls between dedicated revenues and expenditures for all current participants in these programs (both taxpayers and beneficiaries).[20] [21] [22]

Per CBO, postponing action to stabilize the debt will:

• punish younger generations of Americans, because most of the burden would fall on them.
• reward older generations of Americans, because “they would partly or entirely avoid the policy changes needed to stabilize the debt.”
• “substantially increase the size of the policy adjustments needed to put the budget on a sustainable course.”[74] [75]

National Debt – Just Facts

U.S. National Debt Clock : Real Time

Fear of Federal Debt Has Faded, but Risks Remain

The 2017 Long-Term Budget Outlook

An Update to the Budget and Economic Outlook: 2017 to 2027

The Budget and Economic Outlook: 2017 to 2027

What does the federal government spend your tax dollars on? Social insurance programs, mostly

... In fiscal year 2016, which ended this past Sept. 30, the federal government spent just under $4 trillion, and about $2.7 trillion – more than two-thirds of the total – went for various kinds of social insurance (Social Security, Medicaid and Medicare, unemployment compensation, veterans benefits and the like).
,,,

 

[Kchoo]

too big to fail?

 

[CasualBystander]

Since Trump seems to be taking the problem seriously and is destaffing the government I'm not too worried.

The EPA alone will have been downsized 50% by the time Trump leaves office.

 

[Kchoo]

Since Trump seems to be taking the problem seriously and is destaffing the government I'm not too worried.

The EPA alone will have been downsized 50% by the time Trump leaves office.

Good. I have not seen even a trillion $ worth of benefit , yet they had a budget of over 4 trillion per year for over 10 years. Who benefitted?


Couldn't that 40 trillion pluss been better applied to building our GDP and infrastructure?

 

[CasualBystander]

Most of the deficit is from the war on poverty. There are more poor than when they started.

The US should end the war on poverty. We should ask for terms and surrender.

 

[3FEL9]

Good. I have not seen even a trillion $ worth of benefit , yet they had a budget of over 4 trillion per year for over 10 years. Who benefitted?


Couldn't that 40 trillion pluss been better applied to building our GDP and infrastructure?

Trillions you say ?

I can only se spending in single digit Billions.
FY 2018 Budget | US EPA

Theres a 5 sided complex in DC ..
Look there for $$$$$

 

[CasualBystander]

Trillions you say ?

I can only se spending in single digit Billions.
FY 2018 Budget | US EPA

Theres a 5 sided complex in DC ..
Look there for $$$$$

The usual number given is just above 200 million. There are $1 billion per year of means tested programs but most of them aren't welfare.

After 60 years it is about $16 trillion.

If you toss in renewable energy and global warming funding you have pretty much covered the debt.

 

[3FEL9]

The usual number given is just above 200 million. There are $1 billion per year of means tested programs but most of them aren't welfare.

After 60 years it is about $16 trillion.

If you toss in renewable energy and global warming funding you have pretty much covered the debt.

Not sure we are nsync here. I was refering to your EPA budgets.
EPA's Budget and Spending | US EPA

FY 1970 Broke the Billion barrier

 

[CasualBystander]

Not sure we are nsync here. I was refering to your EPA budgets.
EPA's Budget and Spending | US EPA

FY 1970 Broke the Billion barrier

Two points:
1. That was supposed to be 200 billion.
2. The EPA doesn't do anything except supervise.

$1 billion for rear eschelon commandos is quite a lot.

We know they have too much money and staff because they are suffering from mission creep and empire building.

The way to deal with mission creep and empire building is to cut staff and funding until it stops.

When everyone is busy doing their job these things don't happen. Cutting staff to fit the mission is called "right sizing" an organization.

 

[3FEL9]

1. That was supposed to be 200 billion.

Where are you refering this 200 Billions to then ? They are not in the official EPA budgets published.

Are you saying EPA Black Ops are rivaling those of the 5 corner HQs ?

 

[CasualBystander]

Where are you refering this 200 Billions to then ? They are not in the official EPA budgets published.

Are you saying EPA Black Ops are rivaling those of the 5 corner HQs ?

I was talking welfare.

Perhaps you are unaware that the EPA broke $1 billion in 1970 because that was when Nixon created the agency. Democrats Kennedy and Johnson had harmed the environment so much it needed protection.

EPA's Budget and Spending | US EPA

Looks like the EPA budget is about $8 billion and peaked at $10.3 billion in 2010. Again, Soetoro (the previous white house occupant) BRIBED them with stimulus cash to lie about global warming, just like he BRIBED NASA and NOAA to lie about global warming.

 

[3FEL9]

Funny I just read somewhere ^^ I was LYING -- LYING

Now its gone. So I'll guess I'm off the hook. GOOD


Oh, Nixon created the EPA ? I Didnt know that. You see I'm not from around.

It means He did 1 good deed ... while busy with his ordinary monkey bussiness

 

[Kchoo]

Trillions you say ?

I can only se spending in single digit Billions.
FY 2018 Budget | US EPA

Theres a 5 sided complex in DC ..
Look there for $$$$$

Ok. Billions... What have we to show for all that ?

 

[3FEL9]

Sorry @Kchoo . I didnt realize you were discussing welfare spending. I read EPA

Im half blind tonight. Only one contact lens on. Not allowed to drive in this state, and
Probably not fit to browse this forum, lol

 

[Kchoo]

Sorry @Kchoo . I didnt realize you were discussing welfare spending. I read EPA

Im half blind tonight. Only one contact lens on. Not allowed to drive in this state, and
Probably not fit to browse this forum, lol

Nope. I am the goof. I was talking EPA and it should have been 'billion'

 

[Caeldeth]

Funny how nobody is talking about the 610 billion military budget, and the separate 60 billion black budget in the us military. Pretty sure we should start there. I'm fairly positive that is a bit excessive.

Getting rid of the EPA would be a terrible idea. If we got rid of the EPA environmental laws would go back into the hands of the state and it wouldn't be on a federal level anymore. Look up how the world was before the EPA was created, we would go right back to that shit with people dumping shit into lakes and rivers. 8 billion isn't going to brake the bank when we are spending 610 billion on our military.

 

[CasualBystander]

Funny I just read somewhere ^^ I was LYING -- LYING

Now its gone. So I'll guess I'm off the hook. GOOD


Oh, Nixon created the EPA ? I Didnt know that. You see I'm not from around.

It means He did 1 good deed ... while busy with his ordinary monkey bussiness

I misread what you wrote and the 1970 qualifier saved you.

I couldn't understand why you were interested in the 1970 budget but you were technically correct.

Looking at the EPA budget it looks like they only need $500 million - $1 billion to do their job and Trump should keep destaffing and budget cutting until the EPA reaches that sweet spot.

Over cleaning the environment is like brainwashing. Too much of a good thing is bad.

 

[nivek]

Funny how nobody is talking about the 610 billion military budget, and the separate 60 billion black budget in the us military. Pretty sure we should start there. I'm fairly positive that is a bit excessive.

Not excessive at all, we need a strong advanced military, if we don't develop and build it China or Russia will at some point...

 

[Caeldeth]

Not excessive at all, we need a strong advanced military, if we don't develop and build it China or Russia will at some point...

Russia is 62 billion
China is 144 billion

We spend a total of about 670ish billion all together. I'm positive Russia or China will not catch up in the next 100 or so years. It's excessive. We could trim it down to 450 billion or so and still be many years ahead of every other country. I don't want to hear that crap.

 

[CasualBystander]

Funny how nobody is talking about the 610 billion military budget, and the separate 60 billion black budget in the us military. Pretty sure we should start there. I'm fairly positive that is a bit excessive.

Getting rid of the EPA would be a terrible idea. If we got rid of the EPA environmental laws would go back into the hands of the state and it wouldn't be on a federal level anymore. Look up how the world was before the EPA was created, we would go right back to that shit with people dumping shit into lakes and rivers. 8 billion isn't going to brake the bank when we are spending 610 billion on our military.

Getting rid of the EPA is a great idea.

The EPA is no longer interested in reducing pollution but punishing the enemies of secular progressivism (godless communism).

CO2 is the lifeblood of the planet and they treat it as a pollutant???

That is just f***ed up.

Until the EPA pulls their collective heads out of their collective asses we should keep firing their dumb asses to limit the harm they can do to America.

As far as the military, the Chinese spend more than one third as much as the US, but their soldiers only cost one tenth as much because they are small and yellow.

So the Chinese military budget is 3-4 times as large as US budget in real terms.

Since the Chinese military budget is growing 8-10% per year the situation is going from dangerous to really bad quite rapidly. They already vastly outspend us in real terms. Given that they get their hardware for pennies on the dollar, when they hit funding parity in 7-10 years it will all be over.