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To ‘Make America Great Again’ Trump Added A $1 Trillion Deficit In 2019-Just Like Obama

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To ‘Make America Great Again’ Trump Added a $1 TRILLION Deficit in 2019—Just Like Obama
Photo Credit: TFTP

Matt Agorist, The Free Thought Project

The Trump administration ran an Obamaesque budget deficit of over $1 trillion in the 2019 calendar year.

It was the first budget deficit over $1 trillion in any calendar year since 2012.

The budget shortfall from January through December totalled $1.02 trillion, according to the latest report issued by the Treasury Department. That was a 17.1% increase over the 2018 deficit, which was a 28.2% increase over 2017.

The budget deficit for fiscal 2019 (October 2018-September 2019) came in just under $1 trillion at $984 billion. That represented 4.7% of GDP, the highest percentage since 2012. It was the fourth consecutive year in which the deficit increased as a percentage of GDP. The debt-to-GDP ratio is estimated to have increased a hefty 26% over last year.

The CBO estimates the budget deficit for fiscal 2020 will eclipse $1 trillion.

These are the kind of budget deficits one would expect to see during a major economic downturn. The federal government has only run deficits over $1 trillion in four fiscal years, all during the Great Recession. We’re approaching that number today, despite having what Trump keeps calling “the greatest economy in the history of America.”

Generally, during economic expansions, government spending on social programs shrinks and tax revenues climb with increased economic activity. Revenues have increased over the last year, but they haven’t kept pace with the increase in government spending.

The spending didn’t slow in the first quarter of fiscal 2020. Through the first three months of the current fiscal year, the deficit ballooned to $356.6 billion. That’s an 11.8% increase from a year ago. In just three months, Uncle Sam blew through $1.16 trillion. Spending through the first three months of FY2020 is up 6.5% over the spending through the first three months of fiscal 2019.

Meanwhile, the national debt has climbed to $23.2 trillion.

To put that into perspective, last February, the national debt topped $22 trillion. When President Trump took office in January 2017, the debt was at $19.95 trillion. That represented a $2.06 trillion increase in the debt in just over two years. The borrowing pace continues to accelerate. The Treasury borrowed $800 billion in just two months late last summer. (If you’re wondering how the debt can grow by a larger number than the annual deficit, economist Mark Brandly explains here.)

During the presidential campaign, Trump promised to deal with the skyrocketing national debt. In fact, he said he could take care of it “fairly quickly.” But the president hasn’t even played lip-service to reining in spending, instead, calling for more outlays for the military and championing paid parental leave for government employees.

Trump supporters have mostly offered up excuses, shifting the blame for the ballooning national debt to “Democrats in Congress.” This ignores the fact that 2019 spending was approved the previous year when the Republicans controlled both houses of Congress. They also minimize the White House’s role in the budgeting process. In fact, the president has significant power and input in that process

While Congress does ultimately pass spending bills, the president must sign them before they become law. He doesn’t have to sign bills that have spending he doesn’t want. If reining in debt and deficits was a priority, Trump would have vetoed these bills and insisted on spending cuts. Instead, he called for more spending, particularly for the military.

Republicans will argue that increased defines spending is necessary for “national security.” But unsustainable budget deficits pose a significant threat to national security, especially considering China ranks as one of the biggest buyers of U.S. debt.

The executive branch also plays an integral role in the budgeting process. Executive branch departments submit spending requests that Congress uses to set spending levels. The president has complete control over how much money various departments request.

Finally, the president’s near-complete silence on deficits and debt indicates that it’s not a priority. Trump didn’t even mention the national debt during the last State of the Union address.

Congress does in fact bear a great deal of responsibility for Uncle Sam’s fiscal malfeasance, but so does the president. His supporters need to quit making excuses, hold his feet to the fire and insist that he deal with the debt.

The spending trajectory is unsustainable. If we are running $1 trillion deficits now, what will the country’s financial situation look like when the next recession hits? Congress and the president can continue to kick the can down the road, but they are about to run out of pavement.

About the Author

Matt Agorist is an honourably discharged veteran of the USMC and former intelligence operator directly tasked by the NSA. This prior experience gives him unique insight into the world of government corruption and the American police state. Agorist has been an independent journalist for over a decade and has been featured on mainstream networks around the world. Agorist is also the Editor at Large at the Free Thought Project. Follow @MattAgorist on TwitterSteemit, and now on Minds.

The views in this article may not reflect editorial policy of Collective Spark.

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Massive Fire At Amazon Distribution Center Completely Destroys Entire Warehouse

An Amazon distribution center in Redlands, California that is run by a third-party company called Kuehne+Nage, burned to the ground in a three-alarm fire on Friday.

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Massive Fire At Amazon Distribution Center Completely Destroys Entire Warehouse
Photo Credit: TMU

(TMU) – An Amazon distribution center in Redlands, California that is run by a third-party company called Kuehne+Nage, burned to the ground in a three-alarm fire on Friday.

According to officials with San Bernardino County, the fire started around 5:30 am on Friday, but the source of the fire is unclear. Firefighters struggled to weaken the fire throughout the day, but were unable to prevent the blaze from destroying the building.

At the time of publishing this article, the 600,000 square-foot building had collapsed in on itself and its ruins were still in flames.

Luckily, it appears that no one was hurt. According to CNN, about 100 employees were in the building at the time, but they were able to get to safety without any injuries.

Redlands Fire Chief Jim Topoleski said that the city will launch an investigation into the cause of the fire. Topoleski also noted that the building had all of the latest fire protections.

Redlands Fire is on scene of a large structure fire at a distribution center on W Lugonia Ave. Westbound I-10 is closed. Please stay out of the area.

Redlands Fire Department paylaştı: 5 Haziran 2020 Cuma

In a statement, Amazon thanked the local firefighters and rescue teams for their efforts and said that they don’t expect customers to experience any problems as a result of the fire, because other distribution centres are still in operation.

“We are glad everyone is safe, and thankful for the efforts of the local firefighters and first responders. This site was operated by a third party and we will support them throughout this process,” the statement read.

Considering the large protests that have developed in the United States and the high level of hostility directed at Amazon as the world’s largest and richest corporation, many have speculated that arson could be involved.

However, Redlands City Manager Charles M. Duggan Jr. dismissed these rumours in an interview with FOX11, where he said that “It’s definitely not protest-related, something happened on the inside of the building that ignited the fire.”

There were no protests taking place near the facility, however, there is no doubt that Amazon will be a target as the social unrest in the United States continues, and this could include incidents of sabotage that occur outside of protests.

Duggan described the fire as a “major structure fire,” and said that the smoke has been covering the entire town all day.

In a warning to the nearby community, the Mojave Desert Air Quality Management District said, “A large continuous cloud of black smoke is moving up and over the San Bernardino mountains from Redlands and air quality sensor data shows impacts to ambient (breathable) air quality in Adelanto, Apple Valley, Hesperia, Lucerne Valley, Phelan and Victorville and immediate surrounding communities.”

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A Rare ‘Strawberry Full Moon Eclipse’ Is Happening On Friday: What You Need To Know

We are in for a major spectacle this Friday as we’ll be treated to June’s full “Strawberry Moon” in all of its glory.

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Photo Credit: The Mind Unleashed

(TMU) – North America and most of the Western Hemisphere is in store for a major spectacle this Friday as we’ll be treated to June’s full “Strawberry Moon” in all of its glory.

And for much of the world, the June Full Moon will also coincide with a dazzling kick-off of the second eclipse season of year, with a penumbral lunar eclipse lasting over 3 hours.

NASA reports that the full moon will become visible on June 5 at 3:12 p.m. EDT, or 8:12 p.m. for people in the U.K.

“The Moon will appear full for about three days around this time, from early Thursday morning into early Sunday morning,” the space agency’s website explains.

The strawberry moon’s name isn’t derived from any expected color of the moon, but instead comes from Indigenous northeastern North Americans’ name for the relatively short strawberry growing season. The name is recognized by most Algonquin tribes and was passed along to colonial settlers.

Other names for the full moon include the rose moon, flower moon, planting moon, hot moon, honey moon, and mead moon.

“Mead is a drink created by fermenting honey mixed with water, sometimes with fruits, spices, grains, or hops,” NASA continued. The agency explained:

“The tradition of calling the first month of marriage the ‘honeymoon’ dates back to at least the 1500’s and may be tied to this full Moon, either because of the custom of marrying in June or because the ‘Honey Moon’ is the ‘sweetest’ Moon of the year.

“Some writings suggest that the time around the Summer solstice at the end of June was when honey was ripe and ready to be harvested from hives or from the wild, which made this the ‘sweetest’ Moon.”

The June full moon also has a long and celebrated significance for Hindus and Buddhists.

“June was traditionally the month of marriages, and is even named after the Roman goddess of marriage, Juno. Following marriage comes the ‘honeymoon,’ which may be tied to this full Moon’s name!,” the Old Farmer’s Almanac explained:

However, while the moon will be shining brilliantly in North America, people in other parts of the world will be treated to an entirely different lunar display – a penumbral lunar eclipse that will render the moon “dark and silvery,” reports LiveScience.

The penumbral lunar eclipse is different than a partial or total lunar eclipse. In this case, the Earth will be placed between the Sun and the moon, forming a line that is not entirely straight. As a result, the Earth will be blocking sunlight from reaching the moon’s surface and will form a somewhat pale shadow called the penumbra.

According to Universe Todaymost of Europe, Brazil, and western Africa and will see the eclipse underway when the moon rises Friday night, while the remainder of Africa and most of Asia will see the entirety of the eclipse. Northeast Asia, New Zealand, and Australia will witness the eclipse toward dawn when the moon is setting. Sadly, North America and South America will miss out on this eclipse.

Credit: NASA
Credit: NASA

The eclipse will last three hours, 18 minutes and 13 seconds. In total, however, it will take 19 hours for it to complete its cycle.

Astrophysicist Dr. David Gozzard of the University of Western Australia International Centre for Radio Astronomy Research told the Daily Mail that Aussies will be able to see the eclipsed full moon without any need for binoculars or a telescope, explaining:

“Because it’s going to last about three hours that means it’s going to be peaking around twilight, so around dawn, when the sun is getting up.

“The full moon is going to be quite high in the sky so it’ll be reasonably obvious. Anywhere you can get out and see the sky and see the moon will be a good place to see it from, as long as you can get a reasonably unobstructed view to the west.”

Other lunar eclipses due to occur this year will happen in July and November, both of which will also be penumbral ones.

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An Asteroid The Size Of A Football Stadium Is Flying Toward The Earth This Week: NASA

NASA is keeping watch on a humongous asteroid that is quickly approaching Earth every day.

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Photo Credit: Times Now

(TMU) – NASA is keeping watch on a humongous asteroid that is quickly approaching Earth every day. The NASA website’s Asteroid Watch Widget shows the next five asteroids and comets that are expected to make relatively close approaches to earth in the next few days.

Among these is a large comet that is expected to be 1,100 feet wide (335 meters), approximately the size of a football stadium or the Wilshire Grand Center skyscraper in Los Angeles and larger than New York’s Empire State Building.

The asteroid, which is named 2002 NN4, is expected to come closest to our planet on Saturday, June 6th, according to NASA. The space rock is categorized as an Aten-class Asteroid, but is also classified by the space agency as a Near-Earth Asteroid (NEA) and Potentially Hazardous Asteroid (PHA), reports Tech Times.

Scientists are making it clear that any possibility of a collision here on Earth is EXTREMELY remote – in fact, its closest approach will be a distant 3,160,000 miles (over 5 million km.) away from home base.

While the asteroid is considered somewhat small in relation to the much larger rocks shooting across our galaxy, the 2002 NN4 is also 90% larger than the four others listed. These include three others about the size of a plane and another size of a house that are approaching the Earth. The closest one is expected to come within 1,830,000 miles of Earth today.

Researchers say that the asteroid completes its orbit around the sun every 0.82 years, or 300 days.

Scientists predict numerous “close approaches” of the asteroid to the Earth in the future. While only 30 close approaches are forecast at the moment, 2002 NN4 will return to our neighbourhood in nine years, on June 29 – so if you want to wave at this distant traveller, Saturday will be your only chance for some time.

Space.com has also reported that small asteroids pass by our planet on a monthly basis. One such small asteroid, 2020 HS7, safely passes near Earth several times each month, NASA Planetary Defence Officer Lindley Johnson said in an April 28 statement.

“It poses no threat to our planet, and even if it were on a collision path with Earth it is small enough that it would be disintegrated by our Earth’s atmosphere,” the planetary defence official added.

Yet 2020 HS7 was still came startlingly close to the planet, coming a mere 26,550 miles (42,735 km) within the Earth’s center and only 750 miles (1,200 km) from the closest satellite in geostationary orbit, which is one of the more distant satellite rings surrounding Earth. The space rock passed well below the satellite, however, leaving it unscathed.

The flybys are a good display of our planetary defence apparatus in action. Space authorities like NASA and the European Space Agency identify the asteroids in our galactic “neighbourhood” beginning with the largest, while tracking their orbital trajectory. As scientists compile more and more data on these space rocks, they are able to plot their orbits more accurately and calculate the probability – or lack thereof – of any impact with our planet.

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Swarm Of Earthquakes In Yellowstone Renews Fears Of Supervolcano Eruption

A swarm of earthquakes has caused renewed concern over the area’s underground supervolcano.

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Swarm Of Earthquakes In Yellowstone Renews Fears Of Supervolcano Eruption
Photo Credit: The Mind Unleashed

(TMU) – The US Geological Survey says it is monitoring the area near Yellowstone National Park where a swarm of earthquakes has caused renewed concern over the area’s underground supervolcano. Although statistically unlikely, a supervolcano eruption would release the equivalent of 1,000 Hiroshima atomic bombs and wreak unprecedented destruction.

The area, West Yellowstone in Montana, reported around eleven earthquakes on Friday and a total of 34 in the last month. Though considered low-magnitude quakes, the tremors extended three miles underground.

According to Yellowstone National Park’s website:

“Yellowstone is one of the most seismically active areas in the United States….Approximately 700 to 3,000 earthquakes occur each year in the Yellowstone area; most are not felt. They result from the extensive network of faults associated with the volcano and surrounding tectonic features.”

Situated in northwest Wyoming, Yellowstone National Park brings in millions of annual tourists, who marvel at the geysers, steam vents, and bubbling eddies of exothermally heated water.

Park officials say that earthquakes there are caused by volcanic fluids entering shallow rock fractures.

Yellowstone sits atop one of only two supervolcanos in the US. Contained within three overlapping calderas that represent past eruptions from hundreds of thousands and even millions of years ago, scientists say the Yellowstone volcano is roughly 34 by 45 miles wide and only three miles below the surface. Its last eruption was 640,000 years ago when it is estimated to have dumped over 2,000 times the amount of ash as the Mount St. Helens eruption.

Swarms of earthquakes are not unusual in the area. In 2018, the park recorded a swarm of 153 quakes. The US Geological Survey says the odds are only one in 730,000 that the Yellowstone supervolcano will erupt this year.

However, the supervolcano eruption threat has become a predictable meme in recent years, usually resurfacing during earthquakes swarms. The reason is that if the supervolcano did go off, it would definitely be a game-changer. A BBC feature on supervolcanos described the aftermath: “The sky will darken, black rain will fall, and the Earth will be plunged into the equivalent of a nuclear winter.

Volcanists insist there is no imminent threat of a supervolcano eruption at the moment but larger earthquakes and hydrothermal blasts could present a real danger to tourists. Over the years, over 300 people have died at Yellowstone, in accidents ranging from driving off of 800-foot cliffs to unknowingly diving into 200-degree boiling water and succumbing to the fumes emitted by hydrothermal vents.

In 2016, a 23-year-old man fell off a boardwalk overlooking the Norris Geyser Basin and was incinerated in the high-temperature, acidic geyser below.

So while this summer’s tourists probably don’t have to worry about the earthquakes representing the eruption of the supervolcano, Yellowstone National Park visitors should bring a healthy respect for the powers of nature.

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