After Nine Consecutive Years Without a Budget Mitch McConnell Now Worried About “Trump Deficit”…

The last federal budget was signed into law in September 2007 for fiscal year ’08 by George W Bush.  Since then, congress has facilitated nine consecutive years of continuing resolutions, debt ceiling increases and Omnibus spending bills.

obama_delivers budget_Mitch McConnell

President Obama never spent a single day in office with a budget. Not one day.  The current Paul Ryan initiated CR/Ominibus spending package ends on April 1st, 2017.  [Not coincidentally the same due date for President Trump’s statutorily required first budget proposal, which would take effect October 1st 2017 for fiscal year 2018.]

Regardless of Trump’s budget proposal, and as a direct consequence of the CR/Omnibus approach, congress is going to have to pass another CR spending bill, to fund government operations from April 1st through the end of the fiscal 2017 year (Sept. 30th).  Remember,  Ryan/McConnell created this financial mess.

Now, get this, today:

trump mcconnell(Via Bloomberg) President-elect Donald Trump’s race to enact the biggest tax cuts since the 1980s went under a caution flag Monday as Senate Majority Leader Mitch McConnell warned he considers current levels of U.S. debt “dangerous” and said he wants any tax overhaul to avoid adding to the deficit.

“I think this level of national debt is dangerous and unacceptable,” McConnell said, adding he hopes Congress doesn’t lose sight of that when it acts next year. “My preference on tax reform is that it be revenue neutral,” he said.

During a news conference, McConnell also poured cold water on the idea of a massive stimulus package, effectively laying out markers on taxes and spending that that could cramp Trump’s ambitions.  (read more)

trump-drain-the-swamp

Yeah…  ROFLMAO Senator McConnell needs to read a book, quick. Or at least spend $250, buy a vowel and find himself a clue…  Seriously, I’m not kidding.  Having looked deeply, bigly, into the constructs of how Trump budgets his corporation spending, we offer the following consideration:

What Mitch McConnell doesn’t realize is he’s not dealing with a politician; THIS IS TRUMP.   The guy who picks up the unused nails on construction sites Trump.  On time and under budget Trump.  Businessman Trump.

Have you been watching all Trump’s landing teams?…  Have you noted the expediency of the Trump cabinet heads?…   Wait until Ryan/McConnell see the scale of the budget reductions within the Trump proposal.

trump-hat-2Here’s the paradigm shift no-one is anticipating.

Never before in the modern history of congress has the legislative body been the branch of government asking for higher expenditures than the executive branch.  Watch what happens this year.

My spidey senses are telling me there’s going to be a rather unusual infrastructure bond program.  It would not surprise me to find Trump proposing a way to expedite $4 trillion in off shore corporate liquid assets getting repatriated, by offering a bond conversion with a zero to 5% income tax rate (basis), if the corporations repatriate the funds via Trump federal infrastructure bonds.

This alone funds the Trump infrastructure bill, and simultaneously initiates the southern border wall construction.

Those federal infrastructure bonds (containing repatriated revenues) could then be traded on the markets (returning capital to the bond holder – ie. the original off shore holding), allowing stock reinvestment, dividend payment or capital ependiture.    Just a spidey sense, a gut prediction, but very Trumpesque.

Don’t be surprised when this is the first time an executive office budget is challenged by the swamp people for NOT spending enough money.  We’ll be watching, closely.

Be careful what you wish for Mitch…. you just might get it!

trump-mcconnell-1trump-lion-bitch-slapper

 

Advertisements
This entry was posted in Big Government, Big Stupid Government, Donald Trump, Election 2016, Government Shutdown, Legislation, media bias, Mike pence, Mitch McConnell, Predictions, Professional Idiots, Uncategorized. Bookmark the permalink.

220 Responses to After Nine Consecutive Years Without a Budget Mitch McConnell Now Worried About “Trump Deficit”…

  1. Fake Nametag says:

    Pretty soon they’ll be begging Trump to give them some air.

    Like

  2. itswoot says:

    RE: Mitch McConnell

    To Donald Trump:

    Pursue and pursue
    And make him rue
    He crossed the likes of you!

    Liked by 9 people

  3. Big Jake says:

    I’ve been thoroughly ticked off since I read the original news report on this. I couldn’t think of a single way around that petulant, arrogant, turkey-necked fool (Gobbler McConnell) and his spaghetti-armed, girlyman House counterpart (RINO Ryan). I finally came here hoping Sundance had a take I could live with. I was not disappointed.

    Liked by 20 people

  4. they call me sweetheart says:

    Reposted:
    Uniparty – it’s going to take President Trump and The Movement to make ’em all understand. And then some.

    This has been built for decades. Just like the blight and hopelessness of the inner cities and American minorities. Just like the indoctrination and devalued education of our American youth. Just like the devaluation of middle-class America … built over decades.

    President-Elect Trump is right. Education and inner cities, national infrastructure (of all kinds including the grid,) national defense (especially our borders) is where the focus of the first 180 days needs to be.

    Liked by 4 people

  5. This entry belongs in the Sundance Hall of Fame. Right next to Benghazi Brief, Zimmerman Case, Officer Wilson, and so many others. Pardon my French as I enjoy a rich glass of Effue and toast it to the lowest of the low….Sen McConnell. The attitude alone contained within this blog entry gave me a similar feeling to watching this…

    Rare that I comment. I come here to be a student to to deconstructing “MSM” aka DNC influenced headline news. Been reading since Aug 2014. So so so glad I found this site! Was laughing to myself last week on a post where I could tell that Sundance knew way more than was being openly disclosed lol. Can’t help but enjoy when a crack of the knuckles is felt while reading. MAGA. Now if you all will excuse me I’m going to have another glass of Effue in honor of “more of the same” Sen McConnell has provided which is F I N A L L Y coming to an end. Amen.

    Long time listener first time caller.

    I’ll hang up and listen.

    😉

    Liked by 25 people

  6. maga2016 says:

    Trump sent an olive branch. if the rinos like McClownel and Ryan dont play along they will be pierced by the arrows

    Liked by 11 people

  7. Jack says:

    “Don’t be surprised when this is the first time an executive office budget is challenged by the swamp people for NOT spending enough money.”

    So, by all of a sudden becoming deficit hawks, McRyanell have pretty much voluntarily plopped their sacks inside a noose. Three-quarters of the fun of this administration is going to be watching that noose tighten.

    Liked by 12 people

  8. Elwood says:

    Government jobs are not better than private sector jobs.

    You are saying to bring back the money, charge a small tax and then take remaining and use it to build infrastructure? Why would corporations do that? And how would that in any way reduce the public debt? They need the money for their own projects.

    Like

  9. Howie says:

    He will bypass the bozos.

    Liked by 6 people

  10. TONYA PARNELL says:

    BOTH PARTIES ARE SCARED TO DEATH OF TRUMP BECAUSE HE WILL EXPOSE THEM LIKE NEVER BEFORE TO GET HIS AGENDA THROUGH AND THEY KNOW IT.

    Liked by 7 people

  11. TwoLaine says:

    He left McConnell and Ryan in to watch them sink or swim.

    Can rats swim?

    Liked by 1 person

  12. teaforall says:

    Ryan will be with Trump at the WI Rally this week

    Like

    • RG says:

      I’m very sure Ryan will appear with Trump whenever he can. He will twist and turn at every angle hoping to fool Trump into believing he is his best buddy. However, with Ryan, he is an easy read. I hope he doesn’t play poker because his body language and facial expressions tell all. My advice to Trump or anyone who cares about this country, “beware of Ryan” and “never turn your back on McConnell as he carries a long knife and never hesitates to use it.”

      Liked by 2 people

  13. Tonawanda says:

    Sundance – – wonderful and intriguing insight/speculation on the creative nature of how Trump might handle things. WOW – – competence and intelligence!

    Liked by 1 person

  14. andi lee says:

    More dribble quibble and short-term memory loss from Rep McConnell:

    Liked by 1 person

  15. For the low info Americans:

    Reckless Son has secretly robbed the family AND charged EVERYONE’S credit cards to the max.

    Uncle Mitch and Cousin Paul, you’ll find out, knew about it and DIDN’T say anything. In fact, I’m guessing they received a few bones from Reckless Son along the way.

    Big Daddy, who’s been working his a$$ off for all of us, is due home to the big WHITE HOUSE on January 20th. He’s gonna be charged with fixing Reckless Son’s mess (because if he can’t, aint’ nobody can) and breakin’ the news to ya’ll.

    Godspeed, Big Daddy, and may EVERY blessing and mercy from God be upon you, as you try to fix this mess. And for heaven’s sakes, family, would you please freakin’ keep track of your dang wallets and purses and what’s inside from now on!?? sheeesh

    Liked by 8 people

  16. Joshua2415 says:

    Trump could fund the border wall with a “Go Fund Me” account. There would be more than enough money collected. He could use the surplus to pay down federal debt.

    Liked by 5 people

  17. 3x1 says:

    Creepy Mitch always has his hands on his pockets.

    At some point, Elaine Chao may realize it’s more enjoyable and productive working for Mr. Trump than being saddled with mumbles. She’s quite competent and this will be an opportunity to stretch her expertise and grow. Will be an interesting dynamic to watch.

    https://en.wikipedia.org/wiki/Elaine_Chao

    Liked by 1 person

  18. dumbplumber says:

    And never forget, $800 billion is appropriated each year under the Shovel Ready Jobs program!

    Liked by 1 person

    • bofh says:

      I would guess that > 95% of US voters have no idea of that fact. It has been carefully kept under the radar by the complicit media ever since the first failed year. It needs to be publicized.

      Liked by 2 people

        • Crystal says:

          I was complaining about this for several years over at Breitbart. That the $830+ BILLION stimuLESS money has become the baseline budget for every year of Obozo’s 2 terms that a budget wasn’t passed. Where’d it all go? Certainly not for infrastructure and shovel ready jobs. Must be lining some freezers somewhere or perhaps laundered thru a few presidential libraries and phony charities.

          With Trump in charge, the Left fears sunlight.

          Like

          • platypus says:

            The only reason a CR was preferred over a budget is because the stimulus was hidden inside a CR. It would have been exposed in a budget. There is no way to determine which party is more guilty – they both wanted it this way AND they all knew it was stealing from future taxpayers.

            I want Trump to create a new cabinet post – Secretary of Clawback (to go after all those misappropriated funds doled out for the last decade.

            Liked by 1 person

      • haoleboy says:

        And if continued , be put to effective use , and I don’t mean buying only votes.
        Does the wall count for a “shovel ready job ?”

        Like

  19. Michael says:

    The word “McConnell” will now appear in place of Chutzpah.

    Like

    • Raven says:

      A few years back when I was very angry about something I swore in front of our Pastor. I didn’t care, I was mad. Everyone looked at our Pastor as if to say, ‘Correct her for that sinful language.’ Instead of correcting me he said, “Strong words for strong emotions,” and that was exactly what they were.

      So please forgive my offense here, but the first description I thought of for McConnell after reading this was, what a dickhead.

      HEY MITCHY BOY, YOU WERE AND ARE THE PROBLEM WITH THE DEFICIT. YOU PATTED OBAMA ON THE BACK AS YOU HEADED THE U.S.A. TOWARDS THE PIT OF DISASTER. WAKE UP DICKHEAD — YOU’RE THE IDIOT. (and yes, I am yelling at Mitchy boy)

      Liked by 2 people

      • Lindenlee says:

        Right on! You know, the more I watch these dickheads in action, the more I realize that not only are they endemically corrupt, THEY ARE NOT SMART! Sly, conniving, deceitful, mendocious, duplicitous… But NOT SMART. They think in a rut-like manner. They are not innovative, not creative, not transparent. NOT SMART.

        Trump will run rings around them.

        Liked by 2 people

  20. The bond approach will be a money multiplier. The impact of the repatriated funds would be intensified by this approach. Very smart indeed.

    Liked by 1 person

    • Gary says:

      Correct me if I am wrong. Money Multiplier? At rates between 1.5% and 3% who is interested in tying up finds for 20 years?

      Like

      • sundance says:

        Yield on specific bond rates (created vehicles) can be determined by seller of those bonds. Who’s to say it’s a 1.5%-3% yield? A MAGA Bond can be constructed however the Trump administration would construct it. .

        MAGA Bonds could carry the benefit of a low to no income rate upon purchase (the actual repatriation which would avoid the current corporate tax rate). That’s the contract (term) negotiations not yet determined by such a vehicle proposition.

        Repatriating $1 million directly currently yields only $650k in income (35% corp tax).

        Repatriation of $1 million via a 5% repatriation tax and subsequent bond purchase, yields a $950k MAGA bond, that can be held as an asset (yield TBD) or re-sold.

        Liked by 2 people

  21. kobayashifh says:

    Methinks too many “Mc”s – McCain, McMullin [Evan whats-his-name the never-trump CIA killer of American military candidate [of two] and McConnell

    As an appreciator of Most things Scottish, I’m thinking I should find a particular Pictish Hell or Curse for these

    So how do we differentiate “The Three Muff-ateers”? [McMuffin reference]

    I particularly think of Warrant Officer Thalia Ramirez being shot out of the ski by Benghazi arms supplied to Al-Qaeda / ISIS by the McMuffins along with.the Dynastic Queen with the Royal Prerogatives.

    Liked by 3 people

    • Orygun says:

      That is what you call a real “War Crime”. It would take 10,000 investigators to look at all the crimes perpetrated against the people of this nation in the last 40 years. Here’s hoping!

      Liked by 1 person

  22. Laura Wesselmann says:

    The economics of cutting corporate taxes while funding for desperately needed infrastructure is way over my head. But your explanation seems reasonable and I have faith in Trump! A can-do guy from the get go.

    Like

  23. Steven Hitt says:

    McConnell and Ryan just need to shut up and do what Trump asks them to do and he will make them great again!!

    Like

  24. Angry Dumbo says:

    In a battle of wits and rhetoric, McConnell and Ryan are drastically overmatched next to Trump. Their power is in defending the swamp and their record in it. Much as Hillary continues to overplay her cards (Assange was hacking into the DOD when he was 16 – the veracity of the Wikileaks has never been challenged – todays democrats are entirely unconvincing as cold warriors). Likewise, the old McConnell and young Ryan swamp rats (no budget in 8 years – 10T in deficit spending – with not a single quarter of GDP growth over 3% to show for it) are doing the same.

    Sucking up to old media will not help the establishment.

    Like

  25. rsanchez1990 says:

    If someone doesn’t see the uniparty after this, they are hopelessly blind. When GOPe lawmakers are so against Trump that they even turn against tax cuts… Republicans against freaking tax cuts, it doesn’t pass the sniff test.

    Like

  26. das411 says:

    Trump: “OK Mitch, for my first formal proposal, here is the 2007 federal budget with that year scratched out and 2016 written in.

    Oh, you don’t like that one? It’s not hard to convert the 2006 one to say 2016…or the 1996 budget, or the 1986 budget…”

    Like

  27. Sandpiper says:

    I would like to see President Trump propose a pay cut for all Senators and Congresspersons to that of the average American worker!

    Like

    • way2opinionated says:

      The only thing not paying congresscritters gets you is the independently wealthy and the incorrigibly corrupt. Careful what you wish for.

      Like

      • Gary says:

        Congress needs help passing budgets. I propose that for one month before the next budget is due, and two months after it is passed, that all benefits are on hold. This would include air conditioning, spring water, access to the gym, free parking, cafeteria subsidy, paid transportation etc. Then they should also be fined if they miss any days or come in late/leave early.

        Like

        • Emerogork says:

          I have always believed that congressional and presidential offices should be moved to the center of the US: far from harms way from the air and oceans. Private air port, etc

          The buildings in DC should become part of the Smithsonian.

          Like

  28. haoleboy says:

    It should be based on same , always , except not just workers , entitlement Dwellers should be in that average as well.

    Like

  29. Pingback: 9 Years Without a Budget, But Mitch McConnell Now Scared of “Trump Deficit” – Wow! | SourcesNews Network

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s