- Oct 31, 2012
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Speaking of which, the earth only has 12 years before complete destruction so long as one gas car remains on the road
Isn't that right dolt
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Biden is adding $1 TRILLION to the debt every 100 days.
- Thread starter Nostra
- Start date
Isn't that right dolt
You lose, yet again.Speaking of which, the earth only has 12 years before complete destruction so long as one gas car remains on the road
Isn't that right dolt
- Sep 27, 2012
- 92,425
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Thats why I included his first fiscal yearAlso from the link,
However, it is important to note that a president doesn’t have much influence over the national debt during their first year in office. Presidential influence over the budget and national debt doesn’t start until after the federal fiscal year ends on September 30, during the new president’s first year in office.
A Closer Look
Donald Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years
The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president.
by Allan Sloan, ProPublica, and Cezary Podkul for ProPublica
Jan. 14, 2021,
One of President Donald Trump’s lesser known but profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch. The financial burden that he’s inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt.
The national debt has risen by almost $7.8 trillion during Trump’s time in office. That’s nearly twice as much as what Americans owe on student loans, car loans, credit cards and every other type of debt other than mortgages, combined, according to data from the Federal Reserve Bank of New York. It amounts to about $23,500 in new federal debt for every person in the country.
Biden is going to add more than Trump before year-end.
So why didn’t Democrats who controlled the House purse strings under Trump pass all those spending bills for Trump to sign? Seems that the House bears much of the responsibility as well.Absolutely delusional.
:max_bytes(150000):strip_icc()/INV_NationalDebtbyPresident_GettyImages-1242324423-48b3a4a710c1406f8c52cd5517fe574f.jpg)
U.S. Debt by President: Dollar and Percentage
The national debt has increased under most U.S. presidents. Here is how much each president's time in office added to the U.S. debt by percentage and dollar amounts.www.investopedia.com
Trump increased the debt by 6.7 trillion dollars. Biden is at 2.5.
The people will get something good out of it. With Trump it was the wealthy people.Biden is going to add more than Trump before year-end.
FACT SHEET: The President’s Budget Cuts Taxes for Working Families and Makes Big Corporations and the Wealthy Pay Their Fair Share | The White House
Since taking office, President Biden has fought to build a fairer tax system that rewards work, not wealth; asks the wealthiest Americans and largest corporations to pay their fair share; and requires all Americans to play by the same rules and pay the taxes they owe. He has already secured...
The people will get something good out of it. With Trump it was the wealthy people.
FACT SHEET: The President’s Budget Cuts Taxes for Working Families and Makes Big Corporations and the Wealthy Pay Their Fair Share | The White House
Since taking office, President Biden has fought to build a fairer tax system that rewards work, not wealth; asks the wealthiest Americans and largest corporations to pay their fair share; and requires all Americans to play by the same rules and pay the taxes they owe. He has already secured...www.whitehouse.gov
Yeah, 10 million new illegal aliens, inflation and endless payments for other people's wars.
How many peace-loving Hamas...errr...Palestinians is Biden going to ship over?
His Budget proposes new policy to deny deductions for all compensation over $1 million paid to any employee of a C corporation,
Didn't Clinton fix that issue when he denied deductions for cash payments over $1 million?
DURR
The Inflation Reduction Act’s surcharge on corporate stock buybacks reduces the tax advantage for buybacks over dividends
Don't underestimate Joe's ability to fuck things up, now he's gonna fuck up the stock market.
encourages businesses to invest in their growth and productivity as opposed to funneling tax-preferred profits to foreign shareholders.
Encourage businesses by raising their taxes while also fucking over domestic shareholders.
The President is committed to ending tens of billions of dollars of Federal tax subsidies for oil and gas companies. Even as they benefit from billions of dollars in special tax breaks, oil companies have failed to invest in production.
Nice! Eliminate imaginary subsidies and raise taxes, that'll encourage domestic production.
For the last two years, they have realized record profits, but instead of lowering prices for consumers or investing these funds, they have undertaken record stock buybacks, mergers, and acquisitions that benefited executives and wealthy shareholders.
Well, Joe is a moron.
As a result, many of these wealthy Americans are able pay an average income tax rate of just 8 percent on their full incomes
It's shocking! Wealthy Americans don't pay income tax on things that aren't income.
Nostra
Diamond Member
- Oct 7, 2019
- 63,343
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- Thread starter
- #48
Wait, what? So you are saying Tater has been lying about him cutting the national debt?Also from the link,
However, it is important to note that a president doesn’t have much influence over the national debt during their first year in office. Presidential influence over the budget and national debt doesn’t start until after the federal fiscal year ends on September 30, during the new president’s first year in office.
Nostra
Diamond Member
- Oct 7, 2019
- 63,343
- 54,460
- 3,615
- Thread starter
- #49
It clearly shows Tater has added $6 TRILLION to the debt, Simp.The ubiquitous US Debt Clock often falls prey to misconceptions about what it represents. Some incorrectly assume the Debt Clock displays the federal budget deficit—the annual gap between spending and revenue. It tracks the total accumulated national debt owed to all creditors. The deficit is merely the yearly increase in the overall debt.
Additionally, the Debt Clock's astronomical summation doesn't imply imminent bankruptcy or the inability of the government to pay its bills. For now, the US can still readily borrow and remain solvent, notwithstanding the overhanging fiscal mortgage levied on future taxpayers. While the Debt Clock highlights the precarious long-term trajectory, it does not necessarily foreshadow immediate default.
In short, while the Debt Clock demands serious concern, it must be interpreted judiciously. It does not reveal the annual deficit or an impending fiscal cliff. Nevertheless, prudent analysis sees the Debt Clock as a call to action to change course before the debt burden becomes insurmountable.
The debt clock, HA HA HA HA. You see how that works?
- Moderator
- #51
Saying he is the worst ever is the understatement of the century. His chief economic advisor thinks we can’t go broke because the gove can print money.
Everyone in this regime is clueless.
And when I bring up the fact that Trump was the most indebted president in American history your cult always points to the fact that spending bills originate in the House.
Who controls the House right now?
Nostra
Diamond Member
- Oct 7, 2019
- 63,343
- 54,460
- 3,615
- Thread starter
- #53
Barry Hussein added more debt, fuckstick.And when I bring up the fact that Trump was the most indebted president in American history your cult always points to the fact that spending bills originate in the House.
Who controls the House right now?
- Moderator
- #54
Barry Hussein added more debt, fuckstick.
No, he didn't, not in four years.
Who controls the House, Trumpling?
Yeah, 10 million new illegal aliens, inflation and endless payments for other people's wars.
How many peace-loving Hamas...errr...Palestinians is Biden going to ship over?
His Budget proposes new policy to deny deductions for all compensation over $1 million paid to any employee of a C corporation,
Didn't Clinton fix that issue when he denied deductions for cash payments over $1 million?
DURR
The Inflation Reduction Act’s surcharge on corporate stock buybacks reduces the tax advantage for buybacks over dividends
Don't underestimate Joe's ability to fuck things up, now he's gonna fuck up the stock market.
encourages businesses to invest in their growth and productivity as opposed to funneling tax-preferred profits to foreign shareholders.
Encourage businesses by raising their taxes while also fucking over domestic shareholders.
The President is committed to ending tens of billions of dollars of Federal tax subsidies for oil and gas companies. Even as they benefit from billions of dollars in special tax breaks, oil companies have failed to invest in production.
Nice! Eliminate imaginary subsidies and raise taxes, that'll encourage domestic production.
For the last two years, they have realized record profits, but instead of lowering prices for consumers or investing these funds, they have undertaken record stock buybacks, mergers, and acquisitions that benefited executives and wealthy shareholders.
Well, Joe is a moron.
As a result, many of these wealthy Americans are able pay an average income tax rate of just 8 percent on their full incomes
It's shocking! Wealthy Americans don't pay income tax on things that aren't income.
YAwn
go give the Trump Family Crime Syndicate consigliere Bannon, more money for bricks in a wall Mexico paid for.
Bingo!And when I bring up the fact that Trump was the most indebted president in American history your cult always points to the fact that spending bills originate in the House.
Who controls the House right now?
- Moderator
- #59
Who controlled the House Trump’s last two years when the deficits skyrocketed, Moron?
You lose again.
Who controls the House, ass goblin?
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