Does anybody care about the Trump Deficit.

Discussion in 'Stock Market' started by The Banker, Jul 23, 2019.

  1. The Banker
    Offline

    The Banker VIP Member

    Joined:
    Oct 24, 2017
    Messages:
    418
    Thanks Received:
    37
    Trophy Points:
    68
    Location:
    Boston
    Ratings:
    +254
    Debt causes recessions. Too much debt of some form causes most recessions.

    Trump inherited ~$500 B/yr deficit and has run that to $1.2+ T/yr. Massive increase.

    We have gotten a nice pop from it (democrats can learn something from that), but in the end it is just a US government debt fueled pop that is unsustainable.

    Is it that republicans are just uninformed, uneducated, niave, or don't care about the massive increase in government debt.


    Question can we run a country like this increasing the annual deficits by 150% a year and expect to have a country in 10-20 years???

    Now we see how Bush took a budget surplus and turned it into a financial meltdown.

    I ask Trump supporters this:

    Do you think it is OK to increase the annual budget deficit from $500B to $1.2T+
     
    • Funny Funny x 2
  2. Mac1958
    Offline

    Mac1958 Diamond Member

    Joined:
    Dec 8, 2011
    Messages:
    59,476
    Thanks Received:
    10,742
    Trophy Points:
    2,060
    Location:
    Just another nut on a message board
    Ratings:
    +49,515
    Partisans (party irrelevant) are hypocrites.

    The GOP, for example, claims to be the party of fiscal responsibility, yet they spend like a 16 year old girl with daddy's Gold Card. They claim to be the party of personal responsibility, yet they blame their spending on the Democrats.

    They are mal-informed, conned, and very obedient.
    .
     
    • Agree Agree x 2
    • Winner Winner x 2
  3. Toddsterpatriot
    Offline

    Toddsterpatriot Diamond Member

    Joined:
    May 3, 2011
    Messages:
    51,548
    Thanks Received:
    6,360
    Trophy Points:
    1,830
    Location:
    Chicago
    Ratings:
    +28,067
    Debt causes recessions. Too much debt of some form causes most recessions.

    Really?

    What was the deficit when we had the dot-com bubble recession?

    What was the deficit when we had the real-estate bubble recession?
     
    • Agree Agree x 1
  4. Toro
    Offline

    Toro Diamond Member

    Joined:
    Sep 29, 2005
    Messages:
    74,394
    Thanks Received:
    14,442
    Trophy Points:
    2,180
    Location:
    Surfing the Oceans of Liquidity
    Ratings:
    +57,474
    The GOP tax cuts have added hundreds of billions to the deficit.
     
  5. Oddball
    Online

    Oddball Unobtanium Member Supporting Member

    Joined:
    Jan 3, 2009
    Messages:
    54,906
    Thanks Received:
    11,751
    Trophy Points:
    2,040
    Location:
    Drinking wine, eating cheese, catching rays
    Ratings:
    +36,134
    What was the deficit during the steep recession after WWII?
     
  6. Oddball
    Online

    Oddball Unobtanium Member Supporting Member

    Joined:
    Jan 3, 2009
    Messages:
    54,906
    Thanks Received:
    11,751
    Trophy Points:
    2,040
    Location:
    Drinking wine, eating cheese, catching rays
    Ratings:
    +36,134
    danielpaulos, izzat you?
     
  7. Darkwind
    Offline

    Darkwind Gold Member

    Joined:
    Jun 18, 2009
    Messages:
    25,000
    Thanks Received:
    4,658
    Trophy Points:
    290
    Ratings:
    +14,592
    Is anyone going to inform the OP about the difference between the Debt and the Deficit?
     
  8. The Banker
    Offline

    The Banker VIP Member

    Joined:
    Oct 24, 2017
    Messages:
    418
    Thanks Received:
    37
    Trophy Points:
    68
    Location:
    Boston
    Ratings:
    +254
    No, typically some form of excess debt causes a recession whether it be corporate, personal, bad mortgage, government, etc. So I meant what I said.
     
    Last edited: Jul 23, 2019
  9. The Banker
    Offline

    The Banker VIP Member

    Joined:
    Oct 24, 2017
    Messages:
    418
    Thanks Received:
    37
    Trophy Points:
    68
    Location:
    Boston
    Ratings:
    +254
    What was the deficit when we had the real-estate bubble recession


    The US deficit was high as Bush had just ran the budget surplus into a big deficit, but more importantly bad real estate debt was a major contributor to that recession as I stated too much debt of some form causes recessions, which was the exact case there. thank you
     
    • Agree Agree x 1
  10. The Banker
    Offline

    The Banker VIP Member

    Joined:
    Oct 24, 2017
    Messages:
    418
    Thanks Received:
    37
    Trophy Points:
    68
    Location:
    Boston
    Ratings:
    +254
    I guess you think that Trump's deficits are sustainable and we should just keep on increasing them at 150+% percent rates until they are $20 Trillion each year, which is the pace that Trump has us on.
     

Share This Page