nat4900
Diamond Member
- Mar 3, 2015
- 42,021
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There are several important distinctions between what the GOP once stood for, and the cult mentality that currently has taken over (brain-washed, really) republican conservatives.
One of these distinctions is the fiscal responsibility of our federal government. Current Trump cult members will try to distort the issue, claiming that Obama spent trillions, but only an idiot would neglect to mention what Obama faced when entering office.
Again, only an idiot would forget that with a monthly, new unemployment rate of almost 800,000 new claims........the possibility of bankruptcy of our auto industries.......and the looming recession heading for a depression, Obama HAD to invest in our nation's economic future with borrowed money.
Just as a reminder, we should acknowledge that in the mid to late1990s, our debt was a [then] "shocking" 4 Trillion......
When GWB left office, our debt had climbed to 11 Trillion, mostly because of 2 unfunded wars, an unfunded Medicare Advantage, AND huge tax cuts to corporations which still led to the serious recession.
When Obama left office, the debt had climbed to 19 Trillion (especially because Obama foolishly and for political purposes, extended GWB' tax cuts...
With the above stated, we are today faced with an idiot-in-chief who....in a mere 18 months.......has added almost TWO trillions to our debt, mostly through his tax scam for businesses who never really paid the high tax rate, AND who are using the cuts mostly to buy back stock.......Just about 83% of these tax cuts have gone to businesses, and the remaining crumbs to working, middle class Americans.
This tax scam was done by Trump (and his useful puppet, Paul Ryan,) who basically inherited from Obama a thriving economy with an amazingly low unemployment rate.
If there is an ounce of dignity left among Trump cultists, they should realize that at this rate, Trump will lead us at the end of his miserable term in 2020, to a national debt of an estimated THIRTY TRILLION.........but, searching for "dignity" among cult members may be a foolish search.
Trump tax cuts carry a big price tag: Huge debt and risk of another financial crisis, budget office warns
Trump tax cuts carry a big price tag: Huge debt and risk of another financial crisis, budget office warns
One of these distinctions is the fiscal responsibility of our federal government. Current Trump cult members will try to distort the issue, claiming that Obama spent trillions, but only an idiot would neglect to mention what Obama faced when entering office.
Again, only an idiot would forget that with a monthly, new unemployment rate of almost 800,000 new claims........the possibility of bankruptcy of our auto industries.......and the looming recession heading for a depression, Obama HAD to invest in our nation's economic future with borrowed money.
Just as a reminder, we should acknowledge that in the mid to late1990s, our debt was a [then] "shocking" 4 Trillion......
When GWB left office, our debt had climbed to 11 Trillion, mostly because of 2 unfunded wars, an unfunded Medicare Advantage, AND huge tax cuts to corporations which still led to the serious recession.
When Obama left office, the debt had climbed to 19 Trillion (especially because Obama foolishly and for political purposes, extended GWB' tax cuts...
With the above stated, we are today faced with an idiot-in-chief who....in a mere 18 months.......has added almost TWO trillions to our debt, mostly through his tax scam for businesses who never really paid the high tax rate, AND who are using the cuts mostly to buy back stock.......Just about 83% of these tax cuts have gone to businesses, and the remaining crumbs to working, middle class Americans.
This tax scam was done by Trump (and his useful puppet, Paul Ryan,) who basically inherited from Obama a thriving economy with an amazingly low unemployment rate.
If there is an ounce of dignity left among Trump cultists, they should realize that at this rate, Trump will lead us at the end of his miserable term in 2020, to a national debt of an estimated THIRTY TRILLION.........but, searching for "dignity" among cult members may be a foolish search.
Trump tax cuts carry a big price tag: Huge debt and risk of another financial crisis, budget office warns
Trump tax cuts carry a big price tag: Huge debt and risk of another financial crisis, budget office warns