In new Budget, Biden to Lower US Debt by $3T, After Trump had Record 4 yr Debt

[The Banker]

When Trump took over as president the US had a low $587B annual deficit, in 4 short years Trump 5x that to $3.1T and Trump had 25% of total US debt in his 4 short years.

Meanwhile Biden has lowered the $3.1T annual Trump deficit to just $1.3 T, and he looks to lower it more !!!

In Biden's new Budget he outlines drug price negotiation with medicare that are expected to save $150+ B (republicans are against this because they are "paid off" by drug companies for real though). He also has a minimum tax on billionaires which says all billionaires will pay at least 25% on their income, because many billionaires pay and extremely low tax rate.

These 2 simple measure, bit of which the GOP are strongly against, will reduce the Trump debt substantially and do nothing to hurt or slow the economy at all. Of course something this good and smart and beneficial has GOP opposition.

Biden budget would cut deficit by $3 trillion over next decade with 25% minimum tax on richest Americans

Biden proposes to impose a minimum tax of 25% on the rich, hike taxes on oil and gas companies and raise the corporate tax rate from 21% to 28%.

www.cnbc.com

 

[Harpy Eagle]

Learn the difference between debt and deficit.

Using the words interchangeably just makes you look like an idiot

One cannot lower the debt without removing the deficit first.

 

[Godboy]

When Trump took over as president the US had a low $587B annual deficit, in 4 short years Trump 5x that to $3.1T and Trump had 25% of total US debt in his 4 short years.

Meanwhile Biden has lowered the $3.1T annual Trump deficit to just $1.3 T, and he looks to lower it more !!!

In Biden's new Budget he outlines drug price negotiation with medicare that are expected to save $150+ B (republicans are against this because they are "paid off" by drug companies for real though). He also has a minimum tax on billionaires which says all billionaires will pay at least 25% on their income, because many billionaires pay and extremely low tax rate.

These 2 simple measure, bit of which the GOP are strongly against, will reduce the Trump debt substantially and do nothing to hurt or slow the economy at all. Of course something this good and smart and beneficial has GOP opposition.

Biden budget would cut deficit by $3 trillion over next decade with 25% minimum tax on richest Americans

Biden proposes to impose a minimum tax of 25% on the rich, hike taxes on oil and gas companies and raise the corporate tax rate from 21% to 28%.

www.cnbc.com

Congress sets the budget and they do the spending. Remind me again, who was in charge of Congress for the last 6 years? Oh thats right, it was dems who did all that spending throughout Trumps presidency and 2 years into Bidens presidency. NOW the spending is coming down because you have fiscally responsible republicans in control.

 

[The Banker]

Learn the difference between debt and deficit.

Using the words interchangeably just makes you look like an idiot

One cannot lower the debt without removing the deficit first.

not true, they can lower the future debt, which is exactly what Biden is doing with his plan as the future US debt will now be lower.

Where as Trump had a record increase in debt for 4 years.

 

[The Banker]

"Biden budget"? The fuck you smoking? Congress sets the budget and they do the spending. Remind me again, who was in charge of Congress for the last 6 years? Oh thats right, it was dems who did all that spending throughout Trumps presidency and 2 years into Bidens presidency. NOW the spending is coming down because you have fiscally responsible republicans in control.

Ahh the dems had the Congress pathetic defense. You know you touched a nerve when they need to pull that cry routine out.

So then the debt under Obama must be the GOP's fault seeing how they had a GOP Congress for most of his presidency.

 

[Godboy]

Ahh the dems had the Congress pathetic defense. You know you touched a nerve when they need to pull that cry routine out.

So then the debt under Obama must be the GOP's fault seeing how they had a GOP Congress for most of his presidency.

Doesnt Congress do the spending? Werent Democrats in charge of Congress the past 6 years? I dont remember multi trillion dollar Obama spending bills when conservatives were in charge, do you?

 

[Harpy Eagle]

not true, they can lower the future debt, which is exactly what Biden is doing with his plan as the future US debt will now be lower.

Where as Trump had a record increase in debt for 4 years.

They can lower how much is added to the debt in the future, but they cannot lower the debt without the US running a surplus. That is not what they are proposing.

 

[ThisIsMe]

When Trump took over as president the US had a low $587B annual deficit, in 4 short years Trump 5x that to $3.1T and Trump had 25% of total US debt in his 4 short years.

Meanwhile Biden has lowered the $3.1T annual Trump deficit to just $1.3 T, and he looks to lower it more !!!

In Biden's new Budget he outlines drug price negotiation with medicare that are expected to save $150+ B (republicans are against this because they are "paid off" by drug companies for real though). He also has a minimum tax on billionaires which says all billionaires will pay at least 25% on their income, because many billionaires pay and extremely low tax rate.

These 2 simple measure, bit of which the GOP are strongly against, will reduce the Trump debt substantially and do nothing to hurt or slow the economy at all. Of course something this good and smart and beneficial has GOP opposition.

Biden budget would cut deficit by $3 trillion over next decade with 25% minimum tax on richest Americans

Biden proposes to impose a minimum tax of 25% on the rich, hike taxes on oil and gas companies and raise the corporate tax rate from 21% to 28%.

www.cnbc.com

Oh my gosh, why does the left fall short again? The left keep talking about all these plans that they are going to tax the rich to pay for, but then only goes to 25%. Why not go for the gusto? Ask for what they really want….ask for the wealth tax they have been talking about. He should propose a 90% tax on all income over 5 million, and raise the capital gains tax to 30% minimum.

Why doesn’t he do that? Why does the left keep talking about all of these taxation plans, but then never actually puts them on the table?

 

[hadit]

Ahh the dems had the Congress pathetic defense. You know you touched a nerve when they need to pull that cry routine out.

So then the debt under Obama must be the GOP's fault seeing how they had a GOP Congress for most of his presidency.

Which is totally irrelevant. You want to give Quid Pro credit for lowering the deficit NOW with a Republican House while ignoring the question, "why didn't he do it sooner when he had a democrat House that would rubberstamp whatever he wanted?".

 

[Harpy Eagle]

Congress sets the budget and they do the spending. Remind me again, who was in charge of Congress for the last 6 years? Oh thats right, it was dems who did all that spending throughout Trumps presidency and 2 years into Bidens presidency. NOW the spending is coming down because you have fiscally responsible republicans in control.

The Repubs controlled both sides of Congress for Trump's first two years.

Did spending go down?

Did the deficit go down?

 

[Harpy Eagle]

Which is totally irrelevant. You want to give Quid Pro credit for lowering the deficit NOW with a Republican House while ignoring the question, "why didn't he do it sooner when he had a democrat House that would rubberstamp whatever he wanted?".

The 2021 deficit was lower than the 2020 deficit, so it seems they did.

 

[Independentthinker]

When Trump took over as president the US had a low $587B annual deficit, in 4 short years Trump 5x that to $3.1T and Trump had 25% of total US debt in his 4 short years.

Meanwhile Biden has lowered the $3.1T annual Trump deficit to just $1.3 T, and he looks to lower it more !!!

In Biden's new Budget he outlines drug price negotiation with medicare that are expected to save $150+ B (republicans are against this because they are "paid off" by drug companies for real though). He also has a minimum tax on billionaires which says all billionaires will pay at least 25% on their income, because many billionaires pay and extremely low tax rate.

These 2 simple measure, bit of which the GOP are strongly against, will reduce the Trump debt substantially and do nothing to hurt or slow the economy at all. Of course something this good and smart and beneficial has GOP opposition.

Biden budget would cut deficit by $3 trillion over next decade with 25% minimum tax on richest Americans

Biden proposes to impose a minimum tax of 25% on the rich, hike taxes on oil and gas companies and raise the corporate tax rate from 21% to 28%.

www.cnbc.com

Democrats signed off on every dollar under Trump, most of it being pandemic related.

 

[excalibur]

The OP is a derp and probably believes that the outrageously named 'Inflation Reduction Act' is working. If so, why did the Fed Chairman say interest rates will need to keep going higher to fight inflation?

Fed Raising Interest Rates Higher Than First Thought, Jerome Powell Tells Senate Committee

So, Biden and the Democrats lied, big surprise. And Biden is lying again with his D.O.A. mess of a budget/

 

[excalibur]

The 2021 deficit was lower than the 2020 deficit, so it seems they did.

COVID.

 

[JWBooth]

In new Budget, Biden to Lower US Debt by $3T, After Trump had Record 4 yr Debt​

Uh huh, and I hold title to the Brooklyn Bridge. I’m selling it cheap. Gullible fuck.

 

[Flash]

When Trump took over as president the US had a low $587B annual deficit, in 4 short years Trump 5x that to $3.1T and Trump had 25% of total US debt in his 4 short years.

Meanwhile Biden has lowered the $3.1T annual Trump deficit to just $1.3 T, and he looks to lower it more !!!

In Biden's new Budget he outlines drug price negotiation with medicare that are expected to save $150+ B (republicans are against this because they are "paid off" by drug companies for real though). He also has a minimum tax on billionaires which says all billionaires will pay at least 25% on their income, because many billionaires pay and extremely low tax rate.

These 2 simple measure, bit of which the GOP are strongly against, will reduce the Trump debt substantially and do nothing to hurt or slow the economy at all. Of course something this good and smart and beneficial has GOP opposition.

Biden budget would cut deficit by $3 trillion over next decade with 25% minimum tax on richest Americans

Biden proposes to impose a minimum tax of 25% on the rich, hike taxes on oil and gas companies and raise the corporate tax rate from 21% to 28%.

www.cnbc.com

Only you stupid inbred Moon Bats would brag about almost a trillion and half deficit.

You are despicable.

The Budget and Economic Outlook: 2023 to 2033

In CBO’s projections, the federal deficit totals $1.4 trillion in 2023 and averages $2.0 trillion per year from 2024 to 2033. Real GDP growth comes to a halt in 2023 and then rebounds, averaging 2.4 percent from 2024 to 2027.

www.cbo.gov

CBO projects a federal budget deficit of $1.4 trillion for 2023.

 

[Winston]

Only you stupid inbred Moon Bats would brag about almost a trillion and half deficit.

You are despicable.

The Budget and Economic Outlook: 2023 to 2033

In CBO’s projections, the federal deficit totals $1.4 trillion in 2023 and averages $2.0 trillion per year from 2024 to 2033. Real GDP growth comes to a halt in 2023 and then rebounds, averaging 2.4 percent from 2024 to 2027.

www.cbo.gov

CBO projects a federal budget deficit of $1.4 trillion for 2023.

And yet not a peep from your sorry ass about a 3 trillion dollar deficit. Damn, you flippin Trumpbots are MORONS.

 

[easyt65]

When Trump took over as president the US had a low $587B annual deficit, in 4 short years Trump 5x that to $3.1T and Trump had 25% of total US debt in his 4 short years.

Meanwhile Biden has lowered the $3.1T annual Trump deficit to just $1.3 T, and he looks to lower it more !!!

In Biden's new Budget he outlines drug price negotiation with medicare that are expected to save $150+ B (republicans are against this because they are "paid off" by drug companies for real though). He also has a minimum tax on billionaires which says all billionaires will pay at least 25% on their income, because many billionaires pay and extremely low tax rate.

These 2 simple measure, bit of which the GOP are strongly against, will reduce the Trump debt substantially and do nothing to hurt or slow the economy at all. Of course something this good and smart and beneficial has GOP opposition.

Biden budget would cut deficit by $3 trillion over next decade with 25% minimum tax on richest Americans

Biden proposes to impose a minimum tax of 25% on the rich, hike taxes on oil and gas companies and raise the corporate tax rate from 21% to 28%.

www.cnbc.com

$2 TRILLION in new taxes in an attempt to address his massive debt addition while claiming none of it will affect the middle / lower class...

 

[RhodyPatriot]

Yeah, and I got a great deal for ya over on Baltic Avenue.

For someone with a Banker Avatar, ya sure know very little about money.

 

[Meister]

When Trump took over as president the US had a low $587B annual deficit, in 4 short years Trump 5x that to $3.1T and Trump had 25% of total US debt in his 4 short years.

Meanwhile Biden has lowered the $3.1T annual Trump deficit to just $1.3 T, and he looks to lower it more !!!

In Biden's new Budget he outlines drug price negotiation with medicare that are expected to save $150+ B (republicans are against this because they are "paid off" by drug companies for real though). He also has a minimum tax on billionaires which says all billionaires will pay at least 25% on their income, because many billionaires pay and extremely low tax rate.

These 2 simple measure, bit of which the GOP are strongly against, will reduce the Trump debt substantially and do nothing to hurt or slow the economy at all. Of course something this good and smart and beneficial has GOP opposition.

Biden budget would cut deficit by $3 trillion over next decade with 25% minimum tax on richest Americans

Biden proposes to impose a minimum tax of 25% on the rich, hike taxes on oil and gas companies and raise the corporate tax rate from 21% to 28%.

www.cnbc.com

DOA