Trumps debt ceiling problem

[Harpy Eagle]

i don’t find that odd at all..why would they need to demand them from the president when he was in agreemen???

He spent money like a drunk sailor on shore leave. His spending made Obama look like a spendthrift.

You people and your blind worship is just too much some days

 

[JWBooth]

You’re right, trump should have vetoed all of that Covid spending…..

Agreed

 

[YoursTruly]

Interesting. Every president in waking memory has done exactly that, and has had people supporting them. Apparently, they're not getting the memo. Are you sure you sent it out?

Because too many people don't realize what happening. Why so many jobs have left this country because the value of the USD is in the crapper. $20hr is the average blue collar wage now. Those countries that a lot of our manufacturing have gone to, $20hr is an upper class wage. Here's it's not even a middle class wage.
Why? Because the USD doesn't buy squat now a days.
Inflation is simply too much money in the economy. When there's too much, the prices of everything goes up. When that happens, wages have to go up. When that happens prices have to go up. Rinse and repeat
Then we get someone like Trump & Biden (and the others back to at least Reagan) who'll dump trillions of borrowed Fed money into the economy, and here we go again.

And, of course, those who hate the crap out of TRUMP! are enthusiastically cheering on the current president who is doing exactly the same thing, with no fiscal discipline whatsoever.

Hate Trump for what? The dems hate him because that's what they've been told to do. There are some of us on the right who hate Trump because he's just too damn liberal for us. No fiscal responsibility because he wasn't spending his own money. This is why he didn't even bother trying to balance the budget or pay the national debt down. Just borrow and spend. Borrow and spend. EXACTLY like Biden is doing.

Me thinks you're one of those Trump supporter who have this silly notion that if you're not a Trump supporter, then you must be a democrat.
Chip Roy and Thomas Massie are two of THE most fiscal conservative republicans in DC. Both have endorsed DeSantis for president. Why? Because Trump spends too damn much money.

 

[hadit]

And those that hate the crap out of the current president were cheering enthusiastically when Trump had no fiscal discipline whatsoever.

Which is why we are 32T in debt

And, of course, I refuse to ignore the impact of Congress on spending and taxation. It is Congress, after all, who gives spending and taxing bills to the president, daring him/her to veto hundreds of billions of dollars in spending on the trendy causes of the day. They have a great gig going, name a bill something to do with the infrastructure, environment, or widows and orphans, then stuff it full of spending on some congresscritter's library or a bridge to nowhere that directly benefits unions who are backing the congresscritters, and viola! a tried and true showdown with a president what can't veto the bill without the congresscritters screeching bloody murder about how much he/she hates children and koala bears.

 

[hadit]

Because too many people don't realize what happening. Why so many jobs have left this country because the value of the USD is in the crapper. $20hr is the average blue collar wage now. Those countries that a lot of our manufacturing have gone to, $20hr is an upper class wage. Here's it's not even a middle class wage.
Why? Because the USD doesn't buy squat now a days.
Inflation is simply too much money in the economy. When there's too much, the prices of everything goes up. When that happens, wages have to go up. When that happens prices have to go up. Rinse and repeat
Then we get someone like Trump & Biden (and the others back to at least Reagan) who'll dump trillions of borrowed Fed money into the economy, and here we go again.



Hate Trump for what? The dems hate him because that's what they've been told to do. There are some of us on the right who hate Trump because he's just too damn liberal for us. No fiscal responsibility because he wasn't spending his own money. This is why he didn't even bother trying to balance the budget or pay the national debt down. Just borrow and spend. Borrow and spend. EXACTLY like Biden is doing.

Me thinks you're one of those Trump supporter who have this silly notion that if you're not a Trump supporter, then you must be a democrat.
Chip Roy and Thomas Massie are two of THE most fiscal conservative republicans in DC. Both have endorsed DeSantis for president. Why? Because Trump spends too damn much money.

No, the GOP is a Big Tent Party, with many factions all working together. They don't have to all agree on everything. TRUMP! is merely the standard bearer for those fed up with the duopoly power structure that gave us look-alike presidents. He's a liberal on fiscal issues for sure, but he has the only thing that many, many Republicans really want to rally around, and that is outsider status. He must be doing something right if everyone in Washington hates his guts the way they do.

 

[struth]

He spent money like a drunk sailor on shore leave. His spending made Obama look like a spendthrift.

You people and your blind worship is just too much some days

That didn't happen until he had to fight Covid. You know this.

Fact check: Biden’s latest false statistical claims​

In late January, CNN fact-checked Biden’s false and misleading claims in an economic speech to union workers in Virginia. In a speech this Wednesday to union workers in Maryland, Biden repeated one of those claims and made three other incorrect statements – all of them about statistics.
In the Wednesday speech, Biden criticized the fiscal management of former President Donald Trump. After correctly noting that the federal budget deficit increased every year of Trump’s term, Biden said, “And because of those record deficits, no president added more to the national debt – that’s a 200-year debt – never added more to the national debt than my predecessor.”

Trump and the national debt​

Facts First: This claim is false. More debt was added in the eight years under President Barack Obama, with Biden as vice president, than in the four years under Trump. The Trump era set the record for most debt added in a single four-year presidential term, but Biden made it sound here like the Trump era set the record even when you include two-term presidents like Obama. (Biden correctly said in his State of the Union address last week that he was referring to a record for debt added in a four-year period.) Also, while Biden mentioned “record deficits,” plural, under Trump, only one Trump-era deficit, in pandemic-era fiscal 2020, was actually a record; the deficits in fiscal 2017, 2018 and 2019 were all lower than every deficit in Obama’s first term, when the country was emerging from a major recession and Obama approved some policies that increased deficits.

https://www.cnn.com/2023/02/17/politics/biden-economy-facts-first/index.html

The reality, that dembots don't want to accept is while a Republican can slow down the growth of Debt, as we saw during the Trump first three years, the debt will continue to grow up there is massive entitlement reform.

 

[Harpy Eagle]

That didn't happen until he had to fight Covid. You know this.

Bull shit. Every budget Trump summitted was larger than anything Obama ever did.

In Trump's first 3 years, before COVID, the deficit rose from 665B to 985B. That is a 48% increase in the deficit, before COVID.

 

[The5thHorseman]

Trump's not in office....when he was he was able to work with Congress to ensure we didn't default...Xiden's there now, and has refused to work with Congress on it...it's XIden's problem

Under Grifty, spending was RISING.

Under Biden it is FALLING.

 

[dudmuck]

Trump's not in office....when he was he was able to work with Congress to ensure we didn't default...Xiden's there now, and has refused to work with Congress on it...it's XIden's problem

 

[YoursTruly]

That's rich. Apparently you weren't too concerned with records when you willfully disregarded fifty years of Biden's incompetence, plagiarism and lies.

Wrong again. I didn't/don't support anything Biden has done. I don't support liberals. They spend too much money. The fact that since Reagan, Republicans have spent more than democrats, I still think democrats spend too much.

Trump loyalist and die hard Republicans only care about spending and the debt ceiling when a democrat is in the White house. Us fiscal conservatives care about it regardless of who's POTUS.

 

[struth]

Bull shit. Every budget Trump summitted was larger than anything Obama ever did.

In Trump's first 3 years, before COVID, the deficit rose from 665B to 985B. That is a 48% increase in the deficit, before COVID.

of course the budgets were bigger....like I said, until entitlement reform is done, more money is going to be required. Trump raised revenue though, through his economic policies...which is why....
as CNN highlighted inthe link I provided the deficits were all lower then anything Obama submitted before covid.

 

[Harpy Eagle]

Trump raised revenue though, through his economic policies...which is why....
as CNN highlighted inthe link I provided the deficits were all lower then anything Obama submitted before covid.

Revenue had been going up for 7 straight years before Trump took office. All he did was ride the wave.

But I do like how you ignore the 48% increase to the deficit even before COVID.

 

[struth]

Under Grifty, spending was RISING.

Under Biden it is FALLING.

Spending has not fallen under Xiden at all...

Fact Check: Biden Brags About Deficit Reduction While Adding Nearly $10 Trillion in New Spending | The U.S. House Committee on the Budget - House Budget Committee

The Official U.S. Congressional website of The Republican Budget Committee

budget.house.gov

Fact Check: Biden Brags About Deficit Reduction While Adding Nearly $10 Trillion in New Spending​

and he has done nothing but propose for the future even MORE massive spending:

The Past is Prologue: Biden's Deficit Spending Record | The U.S. House Committee on the Budget - House Budget Committee

The Official U.S. Congressional website of The Republican Budget Committee

budget.house.gov

Historic Taxes, Spending, and Deficits

Over ten years, President Biden’s FY 2023 budget proposed:
Spending: $73 trillion or 23.4 percent of GDP—highest sustained level in American history.
Taxes: $58 trillion or 18.8 percent of GDP—highest sustained level in American history.
Deficits: $14.4 trillion or 4.7 percent of GDP—highest sustained level in American history.

Under Trump, prior to dealing with Covid, the deficit was lower every year compared to Obama

 

[struth]

Revenue had been going up for 7 straight years before Trump took office. All he did was ride the wave.

But I do like how you ignore the 48% increase to the deficit even before COVID.

Is CNN lying? Please provide proof of CNN lying

 

[struth]

um, they never said they wouldn't do it.

Stop lying.

 

[Harpy Eagle]

Is CNN lying?

Is today a day that ends in Y?

But hey, it is fun to see you forced to defend CNN

 

[Mac-7]

The die hard Trump supporters, who keep complaining about the debt ceiling, need to decide to either support Trump and the debt ceiling. Or simply not support him.
If not raising the debt ceiling now is important to you, why in the world would you want someone like Trump in office with a debt ceiling increase record.

You can't have it both ways on everything. Eventually you're going to have to realize that Trump sucks on monetary policies. And realize just how much monetary policy affects everyone's lives.
You can't just keep supporting those who simply don't care how much they borrow, spend then increase the ceiling so they can borrow more.


Debt Ceiling Under Trump
The debt ceiling increased two times under President Donald Trump, but the Trump administration also tinkered with the budget and the debt ceiling in other ways throughout its four years. When Trump was sworn into office in January 2017, the national debt stood at $19.9 trillion. By November 2020, the debt had increased to over $27 trillion.

Under Trump the debt ceiling increased:

• by $1.7 trillion to $19.8 trillion (de facto) in March 2017,
• by $2.2 trillion to $22 trillion in March 2019.

Trump suspended the debt ceiling in August 2019, through July 2021. At the time of the 2020 election, the national debt stood at over $27 trillion, the fastest rate of increase of the national debt of any modern president.

The only way trump could prevent the debt ceiling from being raised was to shut down the government

And if he did libs would have a field day

 

[Harpy Eagle]

Under Trump, prior to dealing with Covid, the deficit was lower every year compared to Obama

Liar...

The deficit for Obama and Trump.

 

[HaShev]

The die hard Trump supporters, who keep complaining about the debt ceiling, need to decide to either support Trump and the debt ceiling. Or simply not support him.
If not raising the debt ceiling now is important to you, why in the world would you want someone like Trump in office with a debt ceiling increase record.

You can't have it both ways on everything. Eventually you're going to have to realize that Trump sucks on monetary policies. And realize just how much monetary policy affects everyone's lives.
You can't just keep supporting those who simply don't care how much they borrow, spend then increase the ceiling so they can borrow more.


Debt Ceiling Under Trump
The debt ceiling increased two times under President Donald Trump, but the Trump administration also tinkered with the budget and the debt ceiling in other ways throughout its four years. When Trump was sworn into office in January 2017, the national debt stood at $19.9 trillion. By November 2020, the debt had increased to over $27 trillion.

Under Trump the debt ceiling increased:

• by $1.7 trillion to $19.8 trillion (de facto) in March 2017,
• by $2.2 trillion to $22 trillion in March 2019.

Trump suspended the debt ceiling in August 2019, through July 2021. At the time of the 2020 election, the national debt stood at over $27 trillion, the fastest rate of increase of the national debt of any modern president.

You are being either disingenuous or just naive about gov't spending.
Trump did not have the Purse strings, I think Pelosi did? Our spending occured over a number of disasters, from Fires partly due to California Dems mismanagenent, hurricanes and Tornadoes and floods, andcthen worst of all Covid spending and need to compensate those forced to lock down.
So context is everything, your post needs a retracted statement or prove yourself knowingly & willingly deceiving with misinformation.

 

[The5thHorseman]

Spending has not fallen under Xiden at all...

Fact Check: Biden Brags About Deficit Reduction While Adding Nearly $10 Trillion in New Spending | The U.S. House Committee on the Budget - House Budget Committee

The Official U.S. Congressional website of The Republican Budget Committee

budget.house.gov

Fact Check: Biden Brags About Deficit Reduction While Adding Nearly $10 Trillion in New Spending​

and he has done nothing but propose for the future even MORE massive spending:

The Past is Prologue: Biden's Deficit Spending Record | The U.S. House Committee on the Budget - House Budget Committee

The Official U.S. Congressional website of The Republican Budget Committee

budget.house.gov

Historic Taxes, Spending, and Deficits

Over ten years, President Biden’s FY 2023 budget proposed:
Spending: $73 trillion or 23.4 percent of GDP—highest sustained level in American history.
Taxes: $58 trillion or 18.8 percent of GDP—highest sustained level in American history.
Deficits: $14.4 trillion or 4.7 percent of GDP—highest sustained level in American history.

Under Trump, prior to dealing with Covid, the deficit was lower every year compared to Obama

Answer this the first time.

Post the FY 2021, FY 2022 and FY 2023 spending numbers.