The Shining City Upon a Hill

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[Phil B.]

Re: The Shining City Upon a Hill

WARNING: China's Xi Targets Taiwan, Hong Kong and the West in speech | Sara A. Carter

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[slimslob]

Re: The Shining City Upon a Hill

Blinken Says China Wants to Seize Taiwan on ‘Much Faster Timeline’ - Geller Report

[bsm2]

Re: The Shining City Upon a Hill

Oh Boy what's the Republicans plan?

[Copier Addict]

Re: The Shining City Upon a Hill

But it is not a Federal Government loan or a Federally insured loan. It is a loan from through the Small Business Association. The taxpayers do not have to foot the bill. SBA members cover it through their membership dues and their participation in other loan programs provided by the affiliated finance companies.

The Paycheck Protection Program (PPP) is a $953-billion business loan program established by the United States federal government during the Donald Trump administration in 2020 through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to help certain businesses, self-employed workers, sole proprietors, certain nonprofit organizations, and tribal businesses continue paying their workers.

[Copier Addict]

Re: The Shining City Upon a Hill

Here is the preamble of the United States Constitution.

We the People of the United States, in Order to form a more perfect Union, establish
Justice, insure domestic Tranquility, provide for the common defence, promote the
general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do
ordain and establish this Constitution for the United States of America.

The only thing that the Government if supposed to PROVIDE is the common defence, or in modern day American English defense. In other establish and maintain a military and protect our borders. The current administration in Washington DC has failed miserably to protect our borders, especially the southern one, and are not doing a very good job of maintaining the Military, both numbers and morale are down.

I wonder what "promote the general welfare" means.

Let me get that for you

To 'promote the general welfare' means to do what is best for the citizens of the country, for the government to protect and ensure the welfare of its citizens

[SalesServiceGuy]

Re: The Shining City Upon a Hill

U.S. budget deficit cut in half for biggest decrease ever amid Covid spending declines

• The U.S. budget deficit was sliced in half for fiscal 2022, the biggest drop in history following two years of huge Covid-related spending.
• The shortfall declined to $1.375 trillion, compared to the 2021 deficit of $2.776 trillion. Revenue posted easily the highest one-year total on record.
• The deficit decline would have been steeper had it not been for the Biden administration’s student loan forgiveness program.

The U.S. budget deficit was sliced in half for fiscal 2022, the biggest drop in history following two years of huge Covid-related spending.

Though still large in historical terms, the budget shortfall declined to $1.375 trillion, compared to the 2021 deficit of $2.776 trillion.

The decline would have been steeper had it not been for the Biden administration’s student loan forgiveness program. Education spending totaled $639.4 billion for the fiscal year, $408 billion higher than estimated.

The 2022 fiscal year saw $4.896 trillion in revenue against $6.272 trillion in outlays. The outlays number represented about a $550 billion decline in spending but an $850 billion increase in revenue. The revenue total is by far the highest ever for the U.S. government.

Deficits in the previous two years soared as Congress shelled out massive sums to combat the pandemic.

The shortfall hit a record $3.13 trillion in 2020 due to more than $5 trillion in CARES Act spending and other outlays. In 2019, the deficit was $983.6 billion. Prior to 2020, the highest deficit ever was $1.41 trillion in 2009 as the financial crisis came to a close. The U.S. briefly ran a surplus from 1998 to 2001.

In fiscal 2021, legislators passed the American Rescue Plan, a $1.9 trillion spending package that the White House said helped get the nation through a severe health and economic crisis, but which critics say was unnecessary and helped fuel the highest inflation rate in more than 40 years.

President Joe Biden, however, placed the deficit blame on Republicans for approving the 2017 tax cut bill.

“The federal deficit went up every single year in the Trump administration — every single year he was president,” he said. “It went up before the pandemic. It went up during the pandemic. It went up every single year on his watch, Republican’s watch.”

Biden called the GOP fiscal approach “mega-MAGA trickle down” that he defined as “the kind of policies that have failed the country before and it’ll fail it again.”

Treasury Secretary Janet Yellen said the budget statement released Friday “provides further evidence of our historic economic recovery, driven by our vaccination effort and the American Rescue Plan.”
Yellen added that the results also showed Biden’s “commitment to strengthening our nation’s fiscal health.”

Earlier this year, the White House pushed through the Inflation Reduction Act aimed at a variety of areas including reducing medical costs, boosting clean energy and reforming the tax code. However, inflation has continued to climb, and administration officials have stressed that the Federal Reserve’s primary role in fighting price increases is through interest rate hikes.

[BillyCarpenter]

Re: The Shining City Upon a Hill

U.S. budget deficit cut in half for biggest decrease ever amid Covid spending declines

• The U.S. budget deficit was sliced in half for fiscal 2022, the biggest drop in history following two years of huge Covid-related spending.
• The shortfall declined to $1.375 trillion, compared to the 2021 deficit of $2.776 trillion. Revenue posted easily the highest one-year total on record.
• The deficit decline would have been steeper had it not been for the Biden administration’s student loan forgiveness program.

The U.S. budget deficit was sliced in half for fiscal 2022, the biggest drop in history following two years of huge Covid-related spending.

Though still large in historical terms, the budget shortfall declined to $1.375 trillion, compared to the 2021 deficit of $2.776 trillion.

The decline would have been steeper had it not been for the Biden administration’s student loan forgiveness program. Education spending totaled $639.4 billion for the fiscal year, $408 billion higher than estimated.

The 2022 fiscal year saw $4.896 trillion in revenue against $6.272 trillion in outlays. The outlays number represented about a $550 billion decline in spending but an $850 billion increase in revenue. The revenue total is by far the highest ever for the U.S. government.

Deficits in the previous two years soared as Congress shelled out massive sums to combat the pandemic.

The shortfall hit a record $3.13 trillion in 2020 due to more than $5 trillion in CARES Act spending and other outlays. In 2019, the deficit was $983.6 billion. Prior to 2020, the highest deficit ever was $1.41 trillion in 2009 as the financial crisis came to a close. The U.S. briefly ran a surplus from 1998 to 2001.

In fiscal 2021, legislators passed the American Rescue Plan, a $1.9 trillion spending package that the White House said helped get the nation through a severe health and economic crisis, but which critics say was unnecessary and helped fuel the highest inflation rate in more than 40 years.

President Joe Biden, however, placed the deficit blame on Republicans for approving the 2017 tax cut bill.

“The federal deficit went up every single year in the Trump administration — every single year he was president,” he said. “It went up before the pandemic. It went up during the pandemic. It went up every single year on his watch, Republican’s watch.”

Biden called the GOP fiscal approach “mega-MAGA trickle down” that he defined as “the kind of policies that have failed the country before and it’ll fail it again.”

Treasury Secretary Janet Yellen said the budget statement released Friday “provides further evidence of our historic economic recovery, driven by our vaccination effort and the American Rescue Plan.”
Yellen added that the results also showed Biden’s “commitment to strengthening our nation’s fiscal health.”

Earlier this year, the White House pushed through the Inflation Reduction Act aimed at a variety of areas including reducing medical costs, boosting clean energy and reforming the tax code. However, inflation has continued to climb, and administration officials have stressed that the Federal Reserve’s primary role in fighting price increases is through interest rate hikes.

What a big crock of horse shit. Joe's spending reached historical levels that are hard to comprehend in 2021. The numbers had nowhere to go but down. And we have nothing to show for the money.


Show me the money!!!

[slimslob]

Re: The Shining City Upon a Hill

U.S. budget deficit cut in half for biggest decrease ever amid Covid spending declines

What a big crock of horse shit. Joe's spending reached historical levels that are hard to comprehend in 2021. The numbers had nowhere to go but down. And we have nothing to show for the money.


Show me the money!!!

The operative portion of the title is the last 3 words. They are still spending on record levels but they eliminated the largest budget expense, buying as many vaccines. Moderna and Pfizer are now talking about huge increases in the price of their chemical concoctions to compensate for the lost revenue.

[bsm2]

Re: The Shining City Upon a Hill

What a big crock of horse shit. Joe's spending reached historical levels that are hard to comprehend in 2021. The numbers had nowhere to go but down. And we have nothing to show for the money.


Show me the money!!!

It's all in Mississippi a suck up Republican State that doesn't pay its fair share.

That was Easy

[bsm2]

Re: The Shining City Upon a Hill

Former President Donald Trump's world, which has been hit with impeachments, a sweeping civil lawsuit, and several federal investigations, is about to grapple with a new legal challenge - a criminal trial of his namesake business.

[Phil B.]

Re: The Shining City Upon a Hill

GOP Gives Dire Warning to IRS Caught Red-Handed Destroying Documents; Millions of Americans Affected

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[Phil B.]

Re: The Shining City Upon a Hill

Got nothing and they want more funds.

Just When You Thought Jan. 6 Investigations Were Over, Biden's DOJ Asks for More Than $34 Million to Continue

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[Phil B.]

Re: The Shining City Upon a Hill

Not coming for our guns? They don't even abide by existing law.

Biden Administration in Hot Water for Allegedly Violating 54-Year-Old Gun Act

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