MindWars
Diamond Member
- Oct 14, 2016
- 42,227
- 10,745
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- Thread starter
- Banned
- #61
Time to cash the reality check -----
The OP (both the original thread by MIndWars and the merged one by Gasbag) -- cite not a credible source but ---- Jim Fucking Hoft. Gateway Pundit, one of the most unhinged fabricators on the 'net.
But wait, it gets better.
Turns out that the numbers.... come from a Rump tweet.... which is in turn citing numbers from... wait for it....
Jim Fucking Hoft on an older Gateway Pundit page.
That's right --- they're confirming their own echo.
Narrated Snopes:
>> The Gateway Pundit article says that the change in debt under Trump translates to a 0.1 percent reduction in the U.S. debt burden. Actually, it’s .06 percent between Jan. 20 and Feb. 21 — a very small change. (The national debt has gone up or down by as much .19 percent on single days this year.) (<-- quote from WaPo)
Secondly, there are few mechanisms by which any actions Trump has taken as president would affect the national debt thus far, as he has not signed into law any financial measures related to federal borrowing. While there are arguments to be made that other factors related to Trump’s presidency could affect the debt, the Post has said it is unlikely, and also impossible to quantify: <<
More:...
>> "Government borrowing in January and February is the byproduct of spending and tax policies set by Congress the year before. President Obama signed the fiscal stimulus law on February 17, 2009, but it took months before that began to change government cash flows and borrowing requirements. President Trump has so far not measurably affected fiscal policy in general or government borrowing in specific. It’s unfair to assign any responsibility for borrowing in the first month to either president.
GDP was plummeting when President Obama took office. Tax revenues were down, automatic stabilizer payments (e.g., unemployment insurance and safety net spending) were up, and funds were being spent from the Troubled Asset Relief Program (TARP). In early 2009 government was borrowing a lot because the economy was weak, not because of President Obama’s policies. In contrast, the U.S. economy is now growing. The smaller borrowing requirement for this month is mostly a result of this economic difference, and may also in part be simply an artifact of choosing such a short timeframe for comparison.
... Had the president / Mr. Cain ended his timeframe one day earlier this tweet would have been invalid and debt would have increased (by just $1 B) in “the first month.” This is why analysts look at debt on an annual basis rather than daily/weekly/monthly." --- Keith Hennessey, former director of the U.S. National Economic Council appointed by George W. Bush
Gullible's Travels. Jim Fucking Hoft shouldn't even have a job.
Since I despise SNOPES because they have been caught over and over with their bs lies. C'mon dude it's a husband and wife who sit on their fat asses in a living room using google for their " Claim on fake news"
Obama and Clinton used them as a truth source because they are part of the bs side to keep people uninformed on real information.
BUSTED AGAIN: ‘FACT-CHECKING’ SNOPES CAUGHT PEDDLING MASSIVE LIE FOR OBAMA AND HILLARY
Busted AGAIN: ‘Fact-Checking’ Snopes Caught Peddling MASSIVE Lie For Obama And Hillary
Fake News Hoax Site Snopes Again Caught Lying to Cover-Up Black Mob Violence
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