Animal’s Daily Crushing Debt News

Thanks to our friends at Pirate’s Cove for the linkback!

The more things (like Presidents) change, the more things stay the same.  Like, say, the Imperial debt.  That does change, because it always increases.  Excerpt:

The federal debt increased by $1,271,158,167,126.72 in fiscal 2018, according to data released today by the Treasury.

The total federal debt started the fiscal year at $20,244,900,016,053.51 according to the Treasury, and finished the fiscal year at $21,516,058,183,180.23.

The federal fiscal year runs from October 1 through September 30.

The $1,271,158,167,126.72 in debt accumulated in fiscal 2018 made fiscal 2018 the eighth fiscal year in the last eleven in which the debt increased by at least one trillion dollars.

The $1,271,158,167,126.72 increase in the federal debt was also the sixth largest fiscal-year debt increase in the history of the United States.

Holy crap.

One of my recurring fantasies about being President (not one of the ones that results in my waking up screaming) is submitting to Congress a budget that involves reducing the Imperial government to pre-Civil War levels, and happily vetoing any budget that spends a penny more than I proposed.

But I’m not President and I’m not likely to be.

Congressional varmints of both parties pay lip service to fiscal sanity, but do little about it.  The Republicans preach spending restraint but are content to tiny decreases in the rate of growth; the Democrats ignore the Laffer curve and shout for tax increases.  Meanwhile we continue to mortgage our grandchildren’s futures.

Again, were I President, my retort with every aforementioned veto would be:  “Fuck you.  Cut spending.”  It would be nice if President Trump showed some such inclinations.