National Debt is 110% of GDP. Highest since WWII

[Mac1958]

Ahhhh poor baby can't handle a little debt.....but we heard nothing from him as Obama buried us in record breaking deficits for 8 fucking years...

Seriously clueless fucking answer...

Obama was navigating the US economy out of recession and away from a depression which was caused by GOP deregulation policies... All while GOP stated number one policy was to sink him, not look after the country.

Trump inherited a boom economy and has now gone and borrowed over a Trillion a year to pay tax cuts for his buddies. This overheats the economy and also means that even more money has to be borrowed when they have a crash...

But you don't turn on a brain cell, this is important... No reasonable economist in the world would agree to borrowing at the level US is with the present economy.

Just ask yourself one QUESTION:
If the economy is going so well, why does US need to borrow over a Trillion Dollars a year?

Talk radio doesn't cover that for them.
.

 

[IM2]

Obama spent to inject money Into a near dead economy to stimulate it. If he had done what conservatives wanted, our economy would have died. So comparing the debt made by Obama to Trumps is dishonest. Trump did not have to cut taxes then increase spending like he did.

He sure did stimulate his wealthy donors. The rest of us got screwed.

That's not what happened. You really need to stop repeating the stormfront version of the Obama presidency.

 

[Lesh]

Now the GOP are debt scolds?

After a 1.5 TRILLION DOLLAR tax cut to the rich and corporations? And that massive budget they passed?

 

[Harpy Eagle]

So, I guess the question for all the Trumpniks out there is, why is this rapid accumulation of debt a bad thing only when recovering from an economic catastrophe, but not when it is spent on frivolities like a Russian steel wall, and the confiscated ranch land to build it on?

US national debt is now 110 percent of GDP — largest debt-to-GDP ratio since WWII

Thank you Obama...dumbass.

Trump is adding debt faster than Obama did

Let us know when he gets to $9 trillion, thanks in advance.

Obama added $2,848,864,083 per day on average for his 8 years in office.

Trump has added $3,206,441,130 per day on average during his time in office.

He will get there faster than Obama did, and Trump managed to do it during the best economy in the last 10,000 years according to you people.

It was that massive tax break for all his bunga-bunga buddies.

No, it is the massive spending

 

[gipper]

Obama spent to inject money Into a near dead economy to stimulate it. If he had done what conservatives wanted, our economy would have died. So comparing the debt made by Obama to Trumps is dishonest. Trump did not have to cut taxes then increase spending like he did.

He sure did stimulate his wealthy donors. The rest of us got screwed.

That's not what happened. You really need to stop repeating the stormfront version of the Obama presidency.

It’s exactly what happened. It is so sad that we live in a fact free society today. O was an absurd corporatist who did nothing for the average American. This is why we have Donnie. O turned his back on the working class. The very first thing he did after leaving the WH, was give well paid speeches to his Wall Street donors.

The D Party is no different from the R party on this score.

 

[Harpy Eagle]

Obama spent to inject money Into a near dead economy to stimulate it. If he had done what conservatives wanted, our economy would have died. So comparing the debt made by Obama to Trumps is dishonest. Trump did not have to cut taxes then increase spending like he did.

He sure did stimulate his wealthy donors. The rest of us got screwed.

That's not what happened. You really need to stop repeating the stormfront version of the Obama presidency.

It’s exactly what happened. It is so sad that we live in a fact free society today. O was an absurd corporatist who did nothing for the average American. This is why we have Donnie. O turned his back on the working class. The very first thing he did after leaving the WH, was give well paid speeches to his Wall Street donors.

The D Party is no different from the R party on this score.

The parties turned their back on working Americans so the answer was to elect a billionaire who literally lives in a gilded penthouse!

Surely you can see the irony there.

 

[CrusaderFrank]

The national debt currently sits at $22.5 trillion. By the end of 2008, when former President Barack Obama was first elected, the national debt sat at $10 trillion. In 2016, it was $19.6 trillion.

The U.S. GDP for the second quarter of this fiscal year was revised down to a 2 percent increase, down from 3.1 percent the previous quarter.

So, I guess the question for all the Trumpniks out there is, why is this rapid accumulation of debt a bad thing only when recovering from an economic catastrophe, but not when it is spent on frivolities like a Russian steel wall, and the confiscated ranch land to build it on?

US national debt is now 110 percent of GDP — largest debt-to-GDP ratio since WWII

Thanks, Obama!

 

[Harpy Eagle]

The national debt currently sits at $22.5 trillion. By the end of 2008, when former President Barack Obama was first elected, the national debt sat at $10 trillion. In 2016, it was $19.6 trillion.

The U.S. GDP for the second quarter of this fiscal year was revised down to a 2 percent increase, down from 3.1 percent the previous quarter.

So, I guess the question for all the Trumpniks out there is, why is this rapid accumulation of debt a bad thing only when recovering from an economic catastrophe, but not when it is spent on frivolities like a Russian steel wall, and the confiscated ranch land to build it on?

US national debt is now 110 percent of GDP — largest debt-to-GDP ratio since WWII

Thanks, Obama!

Obama added $2,848,864,083 per day on average for his 8 years in office.

Trump has added $3,206,441,130 per day on average during his time in office.

 

[CrusaderFrank]

Trump inherited the greatest debt in human history from the biggest predatory lender in human history, Barack Hussein Obama.

 

[CrusaderFrank]

Obama spent to inject money Into a near dead economy to stimulate it. If he had done what conservatives wanted, our economy would have died. So comparing the debt made by Obama to Trumps is dishonest. Trump did not have to cut taxes then increase spending like he did.

He sure did stimulate his wealthy donors. The rest of us got screwed.

Soros did OK with his sock puppet Barack

 

[NightFox]

The national debt currently sits at $22.5 trillion. By the end of 2008, when former President Barack Obama was first elected, the national debt sat at $10 trillion. In 2016, it was $19.6 trillion.

The U.S. GDP for the second quarter of this fiscal year was revised down to a 2 percent increase, down from 3.1 percent the previous quarter.

So, I guess the question for all the Trumpniks out there is, why is this rapid accumulation of debt a bad thing only when recovering from an economic catastrophe, but not when it is spent on frivolities like a Russian steel wall, and the confiscated ranch land to build it on?

US national debt is now 110 percent of GDP — largest debt-to-GDP ratio since WWII

You (along with most everybody else around here) are missing the root of the problem, it isn't spending on one offs like walls or roads or even bridges to nowhere.

The problem we have is with STRUCTURAL deficits, that is spending that is either mandatory (i.e. entitlements, federal pensions, etc..,) or is so entrenched (i.e. defense) that there is insufficient political will to bring it back inline with something approaching fiscal sanity.

Presidential Administrations (from either party) will never address this problem, they will only keep exacerbating it until it blows up into a full blown sovereign debt crisis and then we're all screwed anyways.

 

[Bootney Lee Farnsworth]

Three years ago it was the "highest since WW2".

Yes. And now it has gone up more than GDP has.

Its good to know that the debt is a joke to the right as well as the left. Very revealing.

it was both the "right" and the "left" who ran up the fucking dept over the last two decades.

Of course it's a joke to those fuckers.

Both red and blue love to run up the debt. They are all slaves to the military/industrial complex. We could probably pay off our debt in 20 years and provide basic emergency healthcare services to everyone simply by cutting the military budget by 1/3.

If these fuckers insist that we must be the world police, the world needs to pay for those services.

I demand tribute.

.

 

[Terri4Trump]

National Debt is 110% of GDP. Highest since WWII

Half of that is thanks to Obama. He racked up more debt than all other presidents before him put together. Now Trump has to fix what Obama broke

 

[mdk]

Very few people give a shit about our nation being fiscally responsible. Some of the same folks that used to gas on with me about our crushing debt during the previous administration are suddenly silent as the grave on the matter and those that said nothing finally found their tongues. It's nothing more than a game to blind partisan shitheads.

 

[Harpy Eagle]

National Debt is 110% of GDP. Highest since WWII

...He racked up more debt than all other presidents before him put together....

Why do you keep repeating this lie?

Only two presidents have managed to do that, FDR and Ronald Reagan.

 

[Faun]

National Debt is 110% of GDP. Highest since WWII

Half of that is thanks to Obama. He racked up more debt than all other presidents before him put together. Now Trump has to fix what Obama broke

Liar. Obama did not add more debt then all other presidents before him combined. The last president to do that was Reagan.

 

[IM2]

Obama spent to inject money Into a near dead economy to stimulate it. If he had done what conservatives wanted, our economy would have died. So comparing the debt made by Obama to Trumps is dishonest. Trump did not have to cut taxes then increase spending like he did.

He sure did stimulate his wealthy donors. The rest of us got screwed.

That's not what happened. You really need to stop repeating the stormfront version of the Obama presidency.

It’s exactly what happened. It is so sad that we live in a fact free society today. O was an absurd corporatist who did nothing for the average American. This is why we have Donnie. O turned his back on the working class. The very first thing he did after leaving the WH, was give well paid speeches to his Wall Street donors.

The D Party is no different from the R party on this score.

Bullshit. You're the fact free one. Trump was not elected because of economic anxiety. He was put in due to what he ran on and what he hopes to run on again... Racial resentment. That's why we have Donnie.

 

[IM2]

Obama spent to inject money Into a near dead economy to stimulate it. If he had done what conservatives wanted, our economy would have died. So comparing the debt made by Obama to Trumps is dishonest. Trump did not have to cut taxes then increase spending like he did.

He sure did stimulate his wealthy donors. The rest of us got screwed.

Soros did OK with his sock puppet Barack

Soros smoros. George Soros has not done 1/50th of what you nutjobs blame him for.

 

[easyt65]

The national debt currently sits at $22.5 trillion. By the end of 2008, when former President Barack Obama was first elected, the national debt sat at $10 trillion. In 2016, it was $19.6 trillion.

The U.S. GDP for the second quarter of this fiscal year was revised down to a 2 percent increase, down from 3.1 percent the previous quarter.

So, I guess the question for all the Trumpniks out there is, why is this rapid accumulation of debt a bad thing only when recovering from an economic catastrophe, but not when it is spent on frivolities like a Russian steel wall, and the confiscated ranch land to build it on?

US national debt is now 110 percent of GDP — largest debt-to-GDP ratio since WWII

It is amazing how Democrats - seemingly understanding the US is over its head in all this debt - believe their continued facilitation of illegal immigration, aiding and abetting over 1 million illegals enter the US per year, spending millions of tax dollars and adding millions more in debt to pay for 'free' health care, housing, sustenance, education, etc... for these criminals is in no way contributing to that massive and growing deficit...

It is amazing how these criminal hypocrites can attempt to lay all of the blame for the deficit at the feet of President Trump and Republicans when they have / continue to spend tax payer and deficit dollars in illegals, seditious/treasonous investigations as part of a witch hunt to undermine and Impeach the US President, to promise both illegals and Americans so much 'free stuff'.

Snowflakes SAY they understand the deficit and who is to blame, but their actions prove differently.

Being Trillions in debt / deficit does not mean the United States is 'BROKE'. It means the United States would have to pay trillions of dollars just to get back to the point of being 'BROKE'.

Having a deficit if trillions means - no matter how much you want to take in the world's unskilled poor people - you don't have the money to help anyone outside of your own country because you are MORE than just -BROKE'.

Having a deficit means you can't afford to pay for everyone's college, health care, etc... Again, you are trillions of dollars BELOW being 'BROKE' you can't afford it.

Having trillions in deficit / debt means you can't afford a $100+ Trillion plan to save the entire planet by making using fossil fuels and the internal combustion engine illegal, rearing solar powered high-speed rail, and winning the war against cow farts BECAUSE YOU ARE ALREADY TRILLIONS IN DEBT.

Snowflakes ignore the fact that the Democrats have controlled the House - and thus spending, the budget, the economy... - since 2018 but have been too busy funding illegal immigration and their attempts to undo the 2016 election to actually do anything to solve the deficit problem - instead they just needlessly add to it.

Snowflakes parrot their Democrat indoctrinators' talking points about the growing deficit then cheer on and support Democrats promises to add an insane more amour of deficit to give criminal illegals - the 22+ million here and more coming - free stuff, to pay for every Americans' college tuition, to pay for a 'Green New Deal' that even AOC admitted would collapse the country economically long before we ever got close to completing the deal...

Snowflakes are bitching about huge deficits while cheering on the Democrats who promise to throw gasoline on the fire....

 

[IM2]

Trump inherited the greatest debt in human history from the biggest predatory lender in human history, Barack Hussein Obama.

BS. Most of the debt happened in his first term as he was cleaning up a republican mess. As the article shows, the debt was decreasing under Obama.