Anonymous ID: 806699 Jan. 26, 2019, 8:36 a.m. No.4916347   🗄️.is 🔗kun   >>6377

The Truth about the Shutdown: Daily Federal Spending Fell Just 7% During "the Government Shutdown"

 

Calling the current budget impasse a shutdown is just another example of the political corruption of our language.

 

https://fee.org/articles/the-truth-about-the-shutdown-daily-federal-spending-fell-just-7-during-the-government-shutdown/

Anonymous ID: 806699 Jan. 26, 2019, 8:39 a.m. No.4916377   🗄️.is 🔗kun

>>4916347

 

The Debt Factor

 

However, the federal government is rolling over a large amount of its debt. It is issuing new government securities and using the funds from the sale of these securities to pay for previous securities that have come due. These withdrawals are under the line item Public Debt Cash Redemptions (PDCR). It’s analogous to a firm borrowing money to make the principal payments on its debt.

 

The bulk of federal spending is this type of spending. The spending number is so high because of this debt service.

 

Most everyone, all households and businesses, would classify loan payments as spending even if they financed the loan payments by borrowing money. However, most analysts, when they discuss federal spending, omit this debt service. They usually only include the other types of spending.

 

'Regardless of your position on the shutdown, we should recognize the deceit involved in calling this a shutdown. Spending $12 billion per day is not a shutdown. Spending 7 percent less than you spent last year is not a shutdown.'

 

https://fee.org/articles/the-truth-about-the-shutdown-daily-federal-spending-fell-just-7-during-the-government-shutdown/

Anonymous ID: 806699 Jan. 26, 2019, 8:53 a.m. No.4916533   🗄️.is 🔗kun   >>6569

>>4916489

CNN’s Dana Bash warned Democrats today that Americans are catching on.

The public knows Democrats don’t care about border security.

When you have a party that votes for open borders and to ban ICE it makes it difficult to pretend like you care about national security.