The Banker
Diamond Member
- Banned
- #1
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+
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+