Showing posts with label The Repeal PRWORA Project. Show all posts
Showing posts with label The Repeal PRWORA Project. Show all posts

Sunday, September 27, 2020

The Repeal and Replacing of the Obamacare Act would be a Huge Win for America's Fiscal Health

 

Elimination of the Obamacare Act would be a huge win for America's Fiscal Well-being

The US Supreme Court must eliminate the Affordable Care Act for it fails to Protect America From its Pre-Existing Condition


The US Supreme Court must eliminate the Affordable Care Act for it fails to protect America from its pre-existing condition.
The US Supreme Court must eliminate the Affordable Care Act for it fails to protect America from its pre-existing condition.

The US Supreme Court must eliminate the Affordable Care Act for it fails to protect America from its pre-existing condition.

In my analysis, America cannot afford the expense of the Affordable Care Act. In fact, the Obamacare Act does not protect America from its Pre-Existing Condition. Obamacare offers no remedy to the life-threatening condition impacting the fiscal health of the nation. The Repeal and Replacing the Obamacare Act would be a “Huge Win” for America’s Fiscal Health.

Rudra Narasimham Rebbapragada

Special Frontier Force-Establishment No.22-Vikas Regiment

The US Supreme Court must eliminate the Affordable Care Act for it fails to protect America from its pre-existing condition.
The US Supreme Court must eliminate the Affordable Care Act for it fails to protect America from its pre-existing condition.

The US Supreme Court must eliminate the Affordable Care Act for it fails to protect America from its pre-existing condition.

Trump says elimination of Obamacare would be a ‘win for the USA’

By Mark Moore

September 27, 2020 

The US Supreme Court must eliminate the Affordable Care Act for it fails to protect America from its pre-existing condition.
The US Supreme Court must eliminate the Affordable Care Act for it fails to protect America from its pre-existing condition.

The US Supreme Court must eliminate the Affordable Care Act for it fails to protect America from its pre-existing condition.

President Trump said it would be a “win for the USA” if the Supreme Court eliminates the Affordable Care Act.

“Obamacare will be replaced with a MUCH better, and FAR cheaper, alternative if it is terminated in the Supreme Court. Would be a big WIN for the USA!” the president said Sunday in a tweet.

The statement came as Democratic leaders Rep. Nancy Pelosi and Sen. Chuck Schumer claimed the only reason he’s in a rush to get Judge Amy Coney Barrett on the bench is to kill the health-care plan.

“What I am concerned about is anyone that President Trump would have appointed was there to undo the Affordable Care Act. That is why he was in such a hurry,” Pelosi said on CNN’s “State of the Union.”

The Supreme Court is scheduled to hear oral arguments on the Affordable Care Act on Nov. 10 — one week after the election.

If Barrett clears the nomination process and is confirmed by election day — Nov. 3 — as the president and Senate Majority Leader Mitch McConnell intend, she would be able to participate in the arguments over the Affordable Care Act.

Pelosi argued Americans would lose health care at a time the coronavirus pandemic has killed more than 200,000 people in the US.

“What matters is what it means personally to the American people. If you have a pre-existing medical condition, that benefit will be gone. If you are a woman, you will be back to a time where being a woman is a pre-existing medical condition. If your adult children are on your policy, no longer will they be and that at time of a pandemic,” she said.

Schumer, at a news conference later Sunday about Trump’s court selection, said Barrett has already criticized Chief Justice John Robert’s 2012 vote upholding the Affordable Care Act, and that a reading of the law should “invalidate” it completely.

“Judge Barrett strongly criticized the ruling to uphold the Affordable Care Act, claiming that if justices read the law the way she does, they would ‘have had to invalidate’ the entire health care law,” the New York Democrat said.

Along with gutting the Affordable Care Act, Schumer said Barrett and the “far-right majority on the court” … “could also turn back the clock on women’s rights and a woman’s right to choose, workers’ rights, voting rights, civil rights, LGBT rights, environmental protections and more.”

The Trump administration and Congress did away with Obamacare’s individual mandate — requiring most Americans to have the plan or pay a penalty — and eliminated the penalty for not having insurance.

Opponents argued that without the penalty the health-care plan was unconstitutional.

“Chief Justice Roberts pushed the Affordable Care Act beyond its plausible meaning to save the statute,” Barrett wrote at the time.

“He construed the penalty imposed on those without health insurance as a tax, which permitted him to sustain the statute as a valid exercise of the taxing power.”

Trump, who campaigned on “repealing and replacing” Obamacare during his 2016 campaign, signed a series of executives orders last week to protect pre-existing conditions and introduce a number of affordable health-care options.

“We’re delivering better care with more choice at a much lower cost and working to ensure Americans have access to the care they need,” Trump said of his “America First Health Care Plan” at an event in Charlotte, NC.

The US Supreme Court must eliminate the Affordable Health Care Act for it fails to protect America from its pre-existing condition.
The US Supreme Court must eliminate the Affordable Health Care Act for it fails to protect America from its pre-existing condition.

The US Supreme Court must eliminate the Affordable Health Care Act for it fails to protect America from its pre-existing condition.


Thursday, October 3, 2019

THE THANKSGIVING TRADITION OF OCTOBER 03, 1863. ABOLISH SLAVERY

TO GIVE ‘THANKS’ TO THE HIGHEST GOD AMERICAN PEOPLE MUST ABOLISH SLAVERY
To give ‘Thanks’ to the Highest God American people must abolish Slavery. On Thursday, October 03, 2019 I ask American people to give ‘Thanks’ to the Highest God by abolishing Slavery. The United States was transformed into a ‘Slavedriver’ by President Bill Clinton on August 22, 1996, by signing into law the Personal Responsibility and Work Opportunity Reconciliation Act (PL 104 – 193) which denies the opportunity to the alien hourly wage earners to receive the monthly retirement income benefit after attaining the full retirement age of 67 years. In my analysis, an individual who has no right to his property, earnings, or income benefit is a “SLAVE.” Rudra Narasimham Rebbapragada Special Frontier Force President Lincoln proclaims official Thanksgiving holiday
To give ‘Thanks’ to the Highest God, the American People must abolish Slavery. On October 3, 1863, expressing gratitude for a pivotal Union Army victory at Gettysburg, President Abraham Lincoln announces that the nation will celebrate an official Thanksgiving holiday on November 26, 1863. The speech, which was actually written by Secretary of State William Seward, declared that the fourth Thursday of every November thereafter would be considered an official U.S. holiday of Thanksgiving. This announcement harkened back to when George Washington was in his first term as the first president in 1789 and the young American nation had only a few years earlier emerged from the American Revolution. At that time, George Washington called for an official celebratory “day of public thanksgiving and prayer.” While Congress overwhelmingly agreed to Washington’s suggestion, the holiday did not yet become an annual event. Thomas Jefferson, the third president, felt that public demonstrations of piety to a higher power, like that celebrated at Thanksgiving, were inappropriate in a nation based in part on the separation of church and state. Subsequent presidents agreed with him. In fact, no official Thanksgiving proclamation was issued by any president between 1815 and the day Lincoln took the opportunity to thank the Union Army and God for a shift in the country’s fortunes on this day in 1863. The fourth Thursday of November remained the annual day of Thanksgiving from 1863 until 1939. Then, at the tail-end of the Depression, President Franklin D. Roosevelt, hoping to boost the economy by providing shoppers and merchants a few extra days to conduct business between the Thanksgiving and Christmas holidays, moved Thanksgiving to November’s third Thursday. In 1941, however, Roosevelt bowed to Congress’ insistence that the fourth Thursday of November is re-set permanently, without alteration, as the official Thanksgiving holiday. https://www.history.com/this-day-in-history/lincoln-proclaims-official-thanksgiving-holiday A&E Television Networks
To give ‘Thanks’ to the Highest God, American people must abolish Slavery.

Sunday, September 1, 2019

MONDAY, SEPTEMBER 02, 2019. LABOR DAY MUSINGS. AWFUL CONSEQUENCES OF THE CLINTON CURSE

MONDAY, SEPTEMBER 02, 2019 - LABOR DAY MUSINGS – THE CLINTON CURSE DEFINES THE AMERICAN WORKPLACE
Monday, September 02, 2019. Labor Day Musings. The Clinton Curse Defines the American Workplace.

In the United States, Labor activists, and Labor Unions made great progress to defend the rights of Working Class. Unfortunately, President Bill Clinton undermined this progress by approving legislation that took away the dignity of unskilled, hourly wage earners who legally work in the US paying taxes. President Clinton on August 22, 1996, signed into law, Public Law 104-193, 'The Personal Responsibility and Work Opportunity Reconciliation Act' (PRWORA) which places restrictions on the payments of monthly retirement income benefits to workers in the US under Title II of the Social Security Act. Refer to Section 401(b) (2) of PRWORA.


 

[ Monday, September 03, 2018. Labor Day Musings. The Clinton Curse Defines the American Workplace.

For many unskilled, hourly wage earners performing labor in the US, the American Workplace is defined as Work until Death for they have no Retirement option. In other words, those who have no Retirement option, American Workplace is defined by the Book of Genesis, Chapter 3, verses 17 to 19.

Monday, September 02, 2019. Labor Day Musings. The Clinton Curse Defines the American Workplace.

I ask my readers to reflect upon the awful consequences of President Clinton's actions on this Labor Day. Apart from alien workers, the ground gets cursed with consequences to all its denizens. The Clinton Curse compels Americans to live and work paying off their foreign debt. This nation lives on money borrowed from other nations.


Rudranarasimham Rebbapragada
SPECIAL FRONTIER FORCE


Monday, September 02, 2019. Labor Day Musings. The Clinton Curse Defines the American Workplace.
IN 1882, LABOR DAY ORIGINATED WITH A PARADE HELD IN NEW YORK CITY
 Posted on Monday, September 04, 2017 by EMILY NONKO

Clipped from: https://www.6sqft.com/in-1882-labor-day-originated-with-a-parade-held-in-nyc/

Monday, September 02, 2019. Labor Day Musings. The Clinton Curse Defines the American Workplace.
An illustration of the first Labor Day parade, via Wiki Commons

Though Labor Day has been embraced as a national holiday–albeit one many Americans don't know the history of–it originated right here in New York City. The holiday is a result of the city's labor unions fighting for worker's rights throughout the 1800s. The event was first observed, unofficially, on Tuesday, September 5th, 1882, with thousands marching from City Hall up to Union Square. At the time, the New York Times considered the event to be unremarkable. But 135 years later, we celebrate Labor Day on the first Monday of every September as a tribute to all American workers. It's also a good opportunity to recognize the hard-won accomplishments of New York unions to secure a better workplace for us today.
According to Untapped Cities, the holiday has its roots in a common 19th-century tradition in which laborers held picnics and parades to draw awareness to worker's rights. Organized unions emerged from there, and New York City became a hotbed for labor activists by the Industrial Revolution of the 1880s.
View of South Street during the Industrial Revolution, via the Metropolitan Museum of New York
Back then, laborers were fighting against low wages, unfair hours, child labor and unsafe working environments. (Most workers at the time worked six days a week, 10 or 12 hours a day, and Sunday was the only day off. There were no paid vacations, no sick days and very few breaks during a day.) Two labor groups, the Knights of Labor and the Tailor's Union, established a city-wide trade consortium–known as the Central Labor Union of New York, Brooklyn, and Jersey City, or the CLU–in January of 1882 to promote similar goals. They called for things like fair wages, an eight-hour workday and an end to child labor. The group also proposed that for one day a year, the country celebrates American workers with parades and celebrations. The CLU went ahead and organized the first parade for the September 5th of that year.
According to Brownstoner, two different men within the labor movement were credited for the parade. Matthew Maguire, a machinist, first proposed a holiday and parade in 1882. He was the secretary of the CLU. But that same year, Peter J. McGuire, co-founder of the American Federation of Labor, also proposed a parade. The debate between the original founder of Labor Day was never settled, though Matthew Maguire usually gets the credit.
The parade began outside City Hall, with the CLU advertising it as a display of the "strength and esprit de corps of the trade and labor organizations." It was important to the event that the men gave up a day's pay to partake in the festivities. And they did arrive in droves, with banners and signs with slogans like "NO MONEY MONOPOLY" and "LABOR BUILT THIS REPUBLIC AND LABOR SHALL RULE IT."
No drinking was allowed at the parade, which featured everyone from the Jewelers Union of Newark to the typographical union, which was known as 'The Big Six.' Along the route, which passed Canal Street on its way to Union Square, hundreds of seamstresses hung out the windows cheering the procession, blowing kisses and waving their handkerchiefs. It's said as many as 20,000 men marched that day.
The party after the marchers hit Union Square was celebratory, according to the New York history book Gotham. Here's a passage from the book:
Finally, after passing by a reviewing stand filled with labor dignitaries, the participants adjourned, via the elevated, to an uptown picnic at Elm Park. There they danced to jigs by Irish fiddlers and pipers and were serenaded by the Bavarian Mountain Singers while the flags of Ireland, Germany, France, and the USA flapped in the autumn air.
Monday, September 02 2019. Labor Day Musings. The Clinton Curse Defines the American Workplace.

Labor Day parade float in New York City, early 20th century, via New York Department of Labor

Labor parades began in other cities around the county, and for a while, the day was known as "the workingman's holiday." By 1886, several cities had an annual parade, with the legislation in the works to make the day a state holiday. Though New York was the first state to introduce a bill to make the holiday official, Oregon was the first to actually pass it as law in 1887. New York quickly followed suit that same year, as did New Jersey, Massachusetts, and Colorado.
Labor unions, of course, went on to secure rights like the eight-hour workday, collective bargaining, health insurance, retirement funds, and better wages. These days, the holiday is better known as a marker to the end of summer than a celebration of the working class. But it's a nice reminder such hard-fought battles, which brought accomplishments that now define the American workplace, took root in New York.
Tags: Labor Day

Monday, September 02, 2019. Labor Day Musings. The Clinton Curse Defines the American Workplace.

Wednesday, May 1, 2019

WHOLE SLAVE - WHOLE LABOR - MAY DAY CELEBRATION 2019

WHOLE SLAVE - WHOLE LABOR - MAY DAY CELEBRATION 2019:
[ WHOLE SLAVE - WHOLE LABOR - MAY DAY CELEBRATION. IN CELEBRATION OF INTERNATIONAL WORKERS' DAY ON WEDNESDAY, MAY 01, 2019, SENIOR ALIEN SENDS "MAYDAY" DISTRESS SIGNAL. 
On Wednesday, May 01, 2019, Senior Alien celebrates International Labour Day, International Workers' Day, or May Day by sending 'MAYDAY' Distress Signal for he has no legal right to his wages or earnings contributed to Public Trust Fund that pays Monthly Retirement Benefit to workers who attained Full Retirement Age.

THE UNITED STATES OF AMERICA - A SLAVE STATE:
UNITED STATES A SLAVE STATE: THIS ARTICLE IS UPDATED IN RESPONSE TO THE "NOTICE OF SLAVERY AWARD" DATE AUGUST 16, 2014 SENT BY GREAT LAKES PROGRAM SERVICE CENTER, HAROLD WASHINGTON SOCIAL SECURITY CENTER, CHICAGO. 
UNITED STATES A SLAVE STATE: THIS ARTICLE IS UPDATED IN RESPONSE TO THE "NOTICE OF SLAVERY AWARD" DATE AUGUST 16, 2014 SENT BY GREAT LAKES PROGRAM SERVICE CENTER, HAROLD WASHINGTON SOCIAL SECURITY CENTER, CHICAGO. 
This article is updated and is revised in response to "The Notice of Slavery Award" sent by Social Security Administration(SSA), Great Lakes Program Service Center, Harold Washington Social Security Center, 600 West Madison Street, Chicago IL - 60661-2474  on August 16, 2014. The Notice approved the Claim for retirement benefits at a monthly benefit rate of $1,347.80. After duly approving the Claim for Retirement Insurance, the Department states that it cannot and will not pay the benefits because of the applicant's alien status. In other words, this Senior Alien has to labor for the rest of his life against his own will for SSA would not pay him the monthly benefit which it has approved as per the US Laws. 
WholeDude-WholeSlave: Emancipation Proclamation by President Abraham Lincoln during September 1862. United States has officially abolished the practice of slavery and has now institutionalized the practice of Servitude and the Union has transformed from a 'Free State' into a 'Slave State.' WholeDude-WholeSlave: Emancipation Proclamation by President Abraham Lincoln during September 1862. The United States has officially abolished the practice of slavery and has now institutionalized the practice of Bondage and Servitude and the Union has transformed from a 'Free State' into a 'Slave State.'WholeDude-WholeSlave- Before the Civil War, Free State described any State of the U.S. in which slavery was forbidden and Slave State referred to any State of the US in which slavery was legal. Now, the United States has institutionalized the practice of Servitude by simply denying the rights of workers who spent their lifetime laboring on the US soil. WholeDude-WholeSlave- Before the Civil War, Free State described any State of the U.S. in which slavery was forbidden and Slave State referred to any State of the US in which slavery was legal. Now, the United States has institutionalized the practice of Bondage and Servitude by simply denying the rights of alien workers who spent their lifetime laboring on the US soil. 
President Abraham Lincoln issued the 'Emancipation Proclamation' in September 1862 that went into effect on January 01, 1863 freeing the slaves in all territory still at War with the Union. The term 'Free State' refers to any State of the U.S. in which slavery was forbidden before the Civil War. The term 'Slave State' refers to any of the States in which slavery was legal before the Civil War. After abolishing slavery, the United States Department of Labor was established in 1913 to administer and enforce statutes that promote the welfare, improve the working conditions of all laborers or workforce. In modern economic life, the term laborer describes all manual workers whose work is characterized largely by physical exertion, and especially it refers to workers who labor to earn wages on an hourly basis without the benefit of a contractual agreement with their employers. The term Labor Law refers to legislation that affects workers, and the conditions of their employment. Labor Law is the body of law applied to such matters as employment, remuneration, and conditions of work. In its most comprehensive sense, the Labor Law includes Old Age and Disability Insurance. The characteristic of all labor is that it consumes some part of the short days and years of human life. The essence of all labor is that of the time and life it consumes to deliver a wage or earning to support the life it consumes.

THE U.S. SOCIAL SECURITY ACT OF 1935:
WholeDude-WholeSlave: The characteristic of all types of labor is that it consumes time and life. The hours, the days, the weeks, the months, and the years that alien workers spend performing labor on the US soil must give the basic protection of the meagre wages they earn on a hourly basis. SSA has institutionalized the practice of Bondage and Servitude by seizing the contributions made by alien workers for their retirement income in Old Age. WholeDude-WholeSlave: The characteristic of all types of labor is that it consumes time and life. The hours, the days, the weeks, the months, and the years that alien workers spend performing labor on the US soil must give the basic protection of the meagre wages they earn on an hourly basis. SSA has institutionalized the practice of Bondage and Servitude by seizing the contributions made by alien workers for their retirement income in Old Age. 
The U.S. Social Security Act(1935) established a retirement insurance plan called Social Security which is a public program providing for economic security and welfare of persons who make contributions to fund the program. The Health Insurance Plan called Medicare was added in 1965. It is administered by the Social Security Administration(SSA) of the Department of Health and Human Services. Medicare provides basic hospital insurance for persons aged 65 and over after they make contributions to fund the program. The Federal Insurance Contributions Act(FICA) ensures that the wages are reported by the employers and SSA and Medicare deductions are made from the paychecks of the employees before they receive their paychecks or wages, or earnings. The worker pays 6.2 percent of the earnings as SSA contribution and the employer pays 6.2 percent of the wage earned as SSA contribution to provide retirement income to that worker. Similarly, 2.9 percent is paid into the Medicare Program, half by the worker and half by the employer.

ALIEN WORKERS PAY SOCIAL SECURITY AND MEDICARE CONTRIBUTIONS:
WholeDude-WholeSlave: The United States Department of Health and Human Services has institutionalized the practice of slavery and servitude by denying access to the benefit called health insurance plan Medicare to alien workers aged 65 and over who have paid into the system by payroll deductions authorized by Federal Insurance Contributions Act(FICA). WholeDude-WholeSlave: The United States Department of Health and Human Services has institutionalized the practice of slavery and servitude by denying access to the benefit of health insurance plan called Medicare to alien workers aged 65 and over who have paid into the system by payroll deductions authorized by Federal Insurance Contributions Act(FICA). 
The United States employs a large number of alien workers and millions of these workers are issued paychecks from which billions of dollars are deducted and flow directly to the Social Security Administration(SSA) every year. For example, for the year 2007, about $11.2 billion went into the Social Security Trust Fund, and $2.6 billion went into Medicare. These funds are utilized to pay the legal residents of the United States who receive their Social Security income and Medicare health insurance benefits. At the same time, the alien workers who do not become legal residents of the United States will not receive any income from the wages they earned while they labored on the soil of the United States. These alien workers cannot participate in the Health Insurance Exchange, a new program introduced by President Obama through a Law known as the Affordable Health Care Act that goes into effect on October 01, 2013. Several of these alien workers have already fully subscribed to the public health insurance program called Medicare and their contributions are taken by payroll deductions. These alien workers aged 65 and over are denied access to health care insurance even while they still continue to labor on the U.S. soil and still are paying into the System that gives them no benefit. These alien workers aged 66 and over have attained their full retirement age working in the United States under the provisions of the U.S. Labor Law which established the principles of equal opportunity and protection from discrimination based upon age, sex, race, or country of origin. It is apparent that the United States has institutionalized the practice of slavery by denying the retirement income and health insurance benefit to those alien workers who made their lifetime contributions according to the laws enforced by the country.

WHAT IS SLAVERY???

The term servant is used to describe a person employed to perform services to earn a wage, or income by providing labor. The term 'Slavery' refers to the condition of a slave, serf, or the like which is stated as 'Servitude'. The term 'Servitude' is specifically used to refer to labor in which the person who performs the labor has no right to his earnings from labor. The term 'Bondage' implies any condition of subjugation or depriving a person the right to his property or earning. Serf is any person who is oppressed or has no freedom. Both Servitude and Bondage involve subjection of a person to some force, compulsion, or influence that takes away freedom, and dignity of the human being who by his birth is thought to be born free, and equal. In the United States, the Nation, or the State has institutionalized the practice of Slavery by enacting Laws that would empower the State to withhold the property or wage paid by the employer to his employee without any formal approval or consent of the affected worker who performs labor. At the full age of retirement of 66-years, the alien worker who spent the hours, the days, the weeks, the months, and the years of his life performing labor in the United States, gets denied all the earnings he earned for his retirement to lead a life in his Old Age with basic human dignity. I have no term other than that of "SLAVE STATE" to describe the country that is holding people in a condition called Bondage and Servitude.

Rudranarasimham Rebbapragada
Ann Arbor, MI 48104-4162, USA
http://BhavanaJagat.com/2013/09/02/Labor-Day-Emancipation-Proclamation/



On this Wednesday, May 01, 2019 I am sending 'MAYDAY' Distress Signal to all of my readers who may care to pay attention.
WHOLE SLAVE - WHOLE LABOR - MAY DAY CELEBRATION. IN CELEBRATION OF INTERNATIONAL WORKERS' DAY ON MONDAY, MAY 01, 2017, SENIOR ALIEN SENDS "MAYDAY" DISTRESS SIGNAL.[/caption]




Friday, April 12, 2019

THE CLINTON CURSE. A BALANCED BUDGET vs FOREIGN DEBT



THE CLINTON CURSE. A BALANCED BUDGET vs FOREIGN DEBT

The Clinton Curse. A Balanced Budget vs Foreign Debt.


The Clinton Curse. A Balanced Budget vs Foreign Debt.


I ask my readers to make the distinction between Budget Deficit and Foreign Debt. I describe the phrase 'The Clinton Curse' from my reading the Book of Deuteronomy which specifically mentions the Curse relating to a debt owed to foreign nations.
In my analysis, 'The Clinton Curse' demands the Repeal of Bill Clinton's Slavery Law called PRWORA or The Welfare Reform Act of 1996.

The Clinton Curse. A Balanced Budget vs Foreign Debt.


The Clinton Curse. A Balanced Budget vs Foreign Debt.


The Clinton Curse. A Balanced Budget vs Foreign Debt.


The Clinton Curse. A Balanced Budget vs Foreign Debt.


The Clinton Curse. A Balanced Budget vs Foreign Debt.


The Clinton Curse. A Balanced Budget vs Foreign Debt.


 

The Clinton Curse. A Balanced Budget vs Foreign Debt.
Here's a headline you might have missed amid the onslaught of news about Julian Assange, William Barr, Nipsey Hussle, and Michael Avenatti:

"US budget deficit running 15% higher than a year ago."

The story cites this monthly report from the Treasury Department detailing these few eye-popping facts:

1) The budget deficit grew $146.9 million in the month of March alone.
2) The deficit for this fiscal year is now $691 billion -- a 15% increase (or roughly $100 billion) from where we were at this point in 2018.
3) Treasury is projecting that the deficit will surge over $1 trillion by the end of the fiscal year in September.

To which, our politicians have responded: ðŸ˜’
"Nobody cares," White House chief of staff Mick Mulvaney reportedly told a group of Republicans who wondered why President Donald Trump wasn't going to mention the ever-growing deficit in his State of the Union Speech earlier this year.
That's a massive change from where Trump, Mulvaney and the rest of the Republican Party were on the dangers of debt and deficits just a few years ago. Here's Trump talking to Sean Hannity in 2016 about how easily he will balance the federal budget:
"It can be done. ... It will take place and it will go relatively quickly. ... If you have the right people, like, in the agencies and the various people that do the balancing ... you can cut the numbers by two pennies and three pennies and balance a budget quickly and have a stronger and better country."
So, well, it hasn't turned out that way. At all.
Here's the kicker: Trump isn't likely to pay a price -- either within his own party or the broader electorate -- for the soaring deficit. Less than 50% of people in a January Pew poll said that lowering the federal deficit should be a top priority of Washington policymakers. That's down, rapidly, from 72% who said the same earlier this decade.
The Point: Deficits have lost their salience as a political issue. But that doesn't mean they are going away. And, at some point, our political (and economic) systems will be forced to deal with our growing mountain of debt.
-- Chris


How the U.S. Deficit and Debt Are Different?



The U.S. budget deficit was $211 billion in August 2018. That's much lower than the record high of $1.4 trillion reached in FY 2009.
The U.S. debt exceeded $22 trillion on February 11, 2019. That's more than triple the $6 trillion debt in 2000.


What is Foreign Debt?



Foreign debt is an outstanding loan or set of loans that one country owes to another country or institutions within that country. Foreign debt also includes obligations to international organizations such as the World Bank, Asian Development Bank or Inter-American Development Bank. Total foreign debt can be a combination of short-term and long-term liabilities. Also known as external debt, these outside obligations can be carried by governments, corporations or private households of a country.

In fact, the national debt went from $4.4 Trillion at the end of 1993 to almost $5.7 Trillion at the end of 2000, U.S. Treasury data shows, a 28 percent increase in the debt over this time when our nation supposedly was running a balanced budget.
The reason for the confusion is that the reported budget deficit/surplus does not take into account new debt being incurred by the Social Security and Medicare Trust Funds and other government loan programs. So, when the budget appeared to have gone down by $69 billion in 1998, the national debt increased by $109 billion, similarly, in 1999, the budget surplus appeared to be $126 billion, the actual national debt rose from just under $5.5 trillion to just over $5.6 trillion.
The Clinton Curse. A Balanced Budget vs Foreign Debt


The Clinton Curse. A Balanced Budget vs Foreign Debt.