- Nov 26, 2011
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- #61
Key words: National debt grew.Hey dumbass. Check the date on that.Dipshits misspelled Treasuries: Bond market braces for $ 1 trillion tsunami of Treasurys this year
Trump's Tard Herd has been deliberately kept in the dark to the fact that Trump ran up $666 billion in new debt last year. That's the highest deficit of any President in American history other than Obama.
And now, another trillion is about to hit the fan.
You see, pseudocons think if you keep adding more to your credit card, your payments don't have to go up.
In fact, Trump just lowered their credit card payment (tax "reform").
What we have here, ladies and gentlemen, is a Ponzi scheme. Trump is issuing debt (borrowing) to pay off the national credit card!
I shit you not.
The tax "reform" transferred $1.5 trillion of debt to our unborn descendants.
As if that isn't a big enough clusterfuck, at today's yields there probably isn't enough demand for Trump's trillion dollar treasuries.
So interest rates will have to rise to entice our enemies to loan us more money.
There are an astronomical number of financial derivatives which will implode if that happens. Derivatives with face values approaching triple digit trillions.
“If demand for U.S. fixed income doesn’t double over the coming years then U.S. long rates will move higher, credit spreads will widen, the dollar will fall, and stocks will likely go down as foreigners move out of depreciating U.S. assets,” said Torsten Slok, chief international economist for Deutsche Bank, in a note.
I warned you. I told you the last time the GOP controlled the whole government they spent like drunken sailors in a whorehouse.
Anyone entertaining the OP's thread should read this. It's even supported by left-leaning SNOPES. I stopped reading the OP by the second paragraph. Problem with the OP is, the better Trump performs the more desperate his rhetoric. FACT CHECK: Has the National Debt Fallen by $102 Billion Since Donald Trump's Inauguration?
Trump has since added $666 billion to our national debt. We blew past $20 trillion a while ago, and your hack propagandists didn't tell you parroting tards to make a PEEP about it.
Huh!
See for yourself: U.S. National Debt Clock : Real Time
Try to keep up.
Some more fun for the OP: National debt grew more slowly in FY 2017 under Trump
Trump had the largest deficit of any American President last year, second only to Obama.
And you think that is something to brag about? Really?