The national debt just crossed $39 trillion—almost doubling since Trump vowed to erase it

[markef]

TAX CUTS

Mechanism: Passed using Congressional reconciliation procedures to avoid a filibuster in the Senate.


THEY COULDN'T USE FOR 2010


Budget reconciliation in 2010 was used to pass significant health reform (ACA) and student loan changes, but increasing taxes through this process is often avoided due to the Byrd Rule. This rule restricts legislation to direct budgetary impacts, requiring a 60-vote threshold in the Senate for any "extraneous" policy changes, such as tax increases that raise long-term deficits or violate jurisdictional rules

Are you saying that Obama wanted to raise taxes in the throes of a depression?

LIA: Obama tax plan lowers taxes for the rich

Amid a debate over whether to extend the Bush tax cuts for the wealthy, a new examination reveals that Obama's plan would be a boon for many of the nation's affluent even if Bush's cuts are rolled back. While nobody's talking about President Barack Obama's proposal as a windfall for the wealthy...

libn.com

LIA: Obama tax plan lowers taxes for the rich​

Claude Solnik//October 13, 2010//

 

[JonKoch]

Are you saying that Obama wanted to raise taxes in the throes of a depression?

LIA: Obama tax plan lowers taxes for the rich

Amid a debate over whether to extend the Bush tax cuts for the wealthy, a new examination reveals that Obama's plan would be a boon for many of the nation's affluent even if Bush's cuts are rolled back. While nobody's talking about President Barack Obama's proposal as a windfall for the wealthy...

libn.com

LIA: Obama tax plan lowers taxes for the rich​

Claude Solnik//October 13, 2010//

LMAOROG. Indexing the AMT is Obama cutting taxes for the rich? Fkn crazy right wingers, AS your link wanted to keep Dubya's tax cuts for the richest

 

[JonKoch]

Democrats lied when they suggested Trump was asking for Zelensky to dig up dirt on Biden based on unfounded rumors of his involvement with Burisma that democrats claimed was untrue.

GOVPUB-Y4_G74_9-PURL-gpo145676.pdf

 In early 2015 the former Acting Deputy Chief of Mission at the U.S. Embassy in Kyiv, Ukraine, George Kent, raised concerns to officials in Vice President Joe Biden’s office about the perception of a conflict of interest with respect to Hunter Biden’s role on Burisma’s board. Kent’s concerns went unaddressed, and in September 2016, he emphasized in an email to his colleagues, “Furthermore, the presence of Hunter Biden on the Burisma board was very awkward for all U.S. officials pushing an anticorruption agenda in Ukraine.”

Key Details of the July 25, 2019, Call:

• The Request: Trump asked Zelensky to "look into" the circumstances surrounding Joe Biden's efforts to pressure Ukraine to fire its top prosecutor, Viktor Shokin, who had overseen a investigation into Burisma Holdings, a Ukrainian gas company where Hunter Biden served on the board.
• 
  
• Mention of Officials: Trump told Zelensky that he would have his personal attorney, Rudy Giuliani, and Attorney General William Barr reach out to them to "get to the bottom of it".
• 
  
• "Do Us a Favor": Before the request, Trump remarked that the U.S. does a lot for Ukraine, stating, "I would like you to do us a favor though..
• 
  
• .".
• The Investigation: Trump's request centered on an unsubstantiated theory that Joe Biden acted to protect his son from investigation.

• Context and Aftermath:
  • No Quid Pro Quo Explicitly: While Trump requested investigations, the published memo did not contain an explicit, direct threat to withhold military aid within the conversation itself. However, the call occurred while the administration was holding up nearly $400 million in security aid to Ukraine.
• • Zelensky's Response: According to the transcript, Zelensky agreed that the new prosecutor would "look into the situation, specifically to the company that you mentioned".
• '

 

[JonKoch]

GOVPUB-Y4_G74_9-PURL-gpo145676.pdf

 In early 2015 the former Acting Deputy Chief of Mission at the U.S. Embassy in Kyiv, Ukraine, George Kent, raised concerns to officials in Vice President Joe Biden’s office about the perception of a conflict of interest with respect to Hunter Biden’s role on Burisma’s board. Kent’s concerns went unaddressed, and in September 2016, he emphasized in an email to his colleagues, “Furthermore, the presence of Hunter Biden on the Burisma board was very awkward for all U.S. officials pushing an anticorruption agenda in Ukraine.”  In October 2015, senior State Department officia

No Direct Evidence of Wrongdoing: While raising concerns about the appearance of a conflict of interest, Kent also testified that he did not witness any efforts by U.S. officials to shield Burisma from scrutiny.

 

[JonKoch]

Has the democrat war on fossil fuels driven up costs for energy and fuel for poor Americans?

You mean as the US is largest oil and gas producer in the world? And the US exports oil?



GOP BLACKMAILED OBAMA IN 2015, TO DO AWAY WITH THE 40 YEAR EXPORT OF CRUDE OIL BAN



With U.S. crude oil production nearly doubling from 2009 to 2015, Congress repealed the crude oil export ban in December 2015—allowing the free export of U.S. crude oil worldwide.

We found that repealing the ban was associated with:

Expanding the market for U.S. crude oil to overseas buyers

Allowing producers to charge higher prices relative to comparable foreign oil

Decreasing profit margins for petroleum refiners as they paid more for domestic crude oil relative to international prices

Decreasing demand for U.S. tankers to move domestic oil, leading to declines in the U.S. shipping industry

https://www.gao.gov/products/gao-21-118#:~:text=We%20found%20that%20repealing%20the,to%20comparable%20foreign%20crude%20oil.

GOP ALWAYS WORKING FOR THE RICHEST

 

[markef]

LMAOROG. Indexing the AMT is Obama cutting taxes for the rich? Fkn crazy right wingers, AS your link wanted to keep Dubya's tax cuts for the richest

Democrats lie about taxes and expect their uninformed supporters to never catch on. Democrats almost never raise higher taxes on the rich but quite frequently raise taxes on working Americans.

 

[markef]

Key Details of the July 25, 2019, Call:

• The Request: Trump asked Zelensky to "look into" the circumstances surrounding Joe Biden's efforts to pressure Ukraine to fire its top prosecutor, Viktor Shokin, who had overseen a investigation into Burisma Holdings, a Ukrainian gas company where Hunter Biden served on the board.
• 
  
• Mention of Officials: Trump told Zelensky that he would have his personal attorney, Rudy Giuliani, and Attorney General William Barr reach out to them to "get to the bottom of it".
• 
  
• "Do Us a Favor": Before the request, Trump remarked that the U.S. does a lot for Ukraine, stating, "I would like you to do us a favor though..
• 
  
• .".
• The Investigation: Trump's request centered on an unsubstantiated theory that Joe Biden acted to protect his son from investigation.

• Context and Aftermath:
  • No Quid Pro Quo Explicitly: While Trump requested investigations, the published memo did not contain an explicit, direct threat to withhold military aid within the conversation itself. However, the call occurred while the administration was holding up nearly $400 million in security aid to Ukraine.
• • Zelensky's Response: According to the transcript, Zelensky agreed that the new prosecutor would "look into the situation, specifically to the company that you mentioned".
• '

The Biden family had been under investigation since before the 2016 election yet Schiff and his lying leftist cronies made like there was no ongoing investigation into Biden and Burisma, but that Trump just wanted Zelenski to make up dirt on Biden for a political favor. What despicable people those lying political hack democrats have proven to be.

 

[markef]

No Direct Evidence of Wrongdoing: While raising concerns about the appearance of a conflict of interest, Kent also testified that he did not witness any efforts by U.S. officials to shield Burisma from scrutiny.

What Kent saw or didn't see is really immaterial. Biden threatened the president of Ukraine that he would without money if the president did not fire the prosecutor who had just seized property owned by Hunter's boss. Biden later bragged about telling Poroshenko that if he did not do as he was told Biden was not going to give him the $1 Billion in aid authorized and promised by Congress. Biden was wrong on so many counts by that quid-pro-quo threat.

 

[markef]

You mean as the US is largest oil and gas producer in the world? And the US exports oil?



GOP BLACKMAILED OBAMA IN 2015, TO DO AWAY WITH THE 40 YEAR EXPORT OF CRUDE OIL BAN



With U.S. crude oil production nearly doubling from 2009 to 2015, Congress repealed the crude oil export ban in December 2015—allowing the free export of U.S. crude oil worldwide.

We found that repealing the ban was associated with:

Expanding the market for U.S. crude oil to overseas buyers

Allowing producers to charge higher prices relative to comparable foreign oil

Decreasing profit margins for petroleum refiners as they paid more for domestic crude oil relative to international prices

Decreasing demand for U.S. tankers to move domestic oil, leading to declines in the U.S. shipping industry

https://www.gao.gov/products/gao-21-118#:~:text=We%20found%20that%20repealing%20the,to%20comparable%20foreign%20crude%20oil.

GOP ALWAYS WORKING FOR THE RICHEST

Let me ask again, and a simple yes or no will suffice. Has the democrat war on fossil fuels hurt poor Americans who buy gas at the pump and pay heating and electric bills?

 

[Captain Caveman]

Somehow, I'm not surprised..it seems that spending other people's money has been our President's go-to since childhood.
It's clear that Trump, like all the others before him, only give lip service to reducing the debt.

The national debt just crossed $39 trillion—almost doubling since Trump vowed to erase it | Fortune

Budget experts agree on one thing. The debt is on an "unsustainable" trajectory.

fortune.com

The United States national debt crossed $39 trillion for the first time Tuesday, arriving at the grim milestone less than five months after it first hit $38 trillion in late October—a pace of accumulation that budget watchdogs and academic economists are now calling, with unusual unanimity, “unsustainable.”

The milestone, confirmed in Wednesday’s Daily Treasury Statement, lands amid a politically charged moment: it comes roughly two weeks before the ten-year anniversary of President Trump’s 2016 campaign promise to eliminate the national debt within eight years. Instead, the gross national debt has roughly doubled since Trump first took office—it was $19.9 trillion in January 2017.

“Our moral duty to the taxpayer requires us to make our Government leaner and more accountable,” President Trump wrote in March 2017, as he issued an executive order directing OMB Director Mick Mulvaney to submit a comprehensive plan to reorganize Executive Branch departments and agencies in order to keep his promise to put in place common sense reforms to eliminate waste so that the Government better serves all Americans. “We’re going to do more with less,” Trump said at the time.

“As America soars past $39 trillion in debt, we must recognize this alarming rate of growth and the significant financial burden we are putting on the next generation,” Michael A. Peterson, CEO of the Peter G. Peterson Foundation, told Fortune in a statement. “Borrowing trillion after trillion at this rapid pace with no plan in place is the definition of unsustainable.”

On the debtclock, top left is States. You can click on that and view debt by state. It would be interesting to see which states contributed most of the debt (Red v Blue) -

https://www.usdebtclock.org/

 

[JonKoch]

Let me ask again, and a simple yes or no will suffice. Has the democrat war on fossil fuels hurt poor Americans who buy gas at the pump and pay heating and electric bills?

Let me ask you a question, have you stopped hitting your wife? YES OR NO.

Despite your BS framing, the oil production in the US has skyrocketed


US oil production has skyrocketed over the past 15 years. IF THAT'S A WAR, WE ARE VERY BAD AT IT

 

[JonKoch]

What Kent saw or didn't see is really immaterial. Biden threatened the president of Ukraine that he would without money if the president did not fire the prosecutor who had just seized property owned by Hunter's boss. Biden later bragged about telling Poroshenko that if he did not do as he was told Biden was not going to give him the $1 Billion in aid authorized and promised by Congress. Biden was wrong on so many counts by that quid-pro-quo threat.

BS

 

[JonKoch]

The Biden family had been under investigation since before the 2016 election yet Schiff and his lying leftist cronies made like there was no ongoing investigation into Biden and Burisma, but that Trump just wanted Zelenski to make up dirt on Biden for a political favor. What despicable people those lying political hack democrats have proven to be.

ANY day now the GOP will be bringing charges on the Clinton's, Biden, Omar, etc, I'm sure of it

 

[JonKoch]

Democrats lie about taxes and expect their uninformed supporters to never catch on. Democrats almost never raise higher taxes on the rich but quite frequently raise taxes on working Americans.

FLASHBACK: In 1993, GOP Warned That Clinton’s Tax Plan Would ‘Kill Jobs,’ ‘Kill The Current Recovery’



Rep. Newt Gingrich (R-GA), February 2, 1993: We have all too many people in the Democratic administration who are talking about bigger Government, bigger bureaucracy, more programs, and higher taxes. I believe that that will in fact kill the current recovery and put us back in a recession. It might take 1 1/2 or 2 years, but it will happen. (Congressional Record, 1993, Thomas)



Rep. Bill Archer (R-TX), May 24, 1993: I would much rather be here today supporting the President and I would do so if his proposals could expect to increase jobs and the standard of living for Americans, but I believe his massive tax increases will do just the opposite. (Congressional Record, 1993, Thomas)

Rep. Christopher Cox (R-CA), May, 27, 1993: This is really the Dr. Kevorkian plan for our economy. It will kill jobs, kill businesses, and yes, kill even the higher tax revenues that these suicidal tax increasers hope to gain. (Congressional Record, 1993, Page: H2949)

FLASHBACK: In 1993, GOP Warned That Clinton’s Tax Plan Would ‘Kill Jobs,’ ‘Kill The Current Recovery’

archive.thinkprogress.org

GOP WRONG THEN, WRONG NOW

 

[Concerned American]

Come on .

Add in full Obligations and the true figure is at least $200 trillion , if not nearer to $300 trillion.

Which is why Trumpfy might try to monetise all underground mineral reserves , and add some loose change by revaluing gold from present $42.5 per ounce to some figure like $20, 000 after the current spat over energy control and costs is over .

Gold is currently $4,692.20 per ounce. It hasn't been $42 per ounce for about 50 years or so. Please come into the present century.

 

[JonKoch]

On the debtclock, top left is States. You can click on that and view debt by state. It would be interesting to see which states contributed most of the debt (Red v Blue) -

https://www.usdebtclock.org/

That debt cock for the states is simply their bonds and debt.

Key Findings:​

• Seven of the 10 states most dependent on the federal government were Republican-voting, with the average red state receiving $1.24 per dollar spent.

• Thirty-one states sent more to the federal government than they received, slightly higher than the 29 states in 2022.

• Of the states that sent more than they received, 48% were Democrat-voting, and 52% were Republican-voting.

• New Mexico had the highest return on federal spending of any state ($3.42 per dollar spent), and Delaware had the lowest ($0.46 per dollar spent).

The States That Are Most Reliant on Federal Aid

MoneyGeek’s analysis identified the states most reliant on federal funding and found an intriguing correlation between dependency and political leaning.

www.moneygeek.com

Blue states contribute a significant portion of the U.S. GDP, often driven by high-income urban areas, tech, and service sectors. They produce roughly 59% of GDP with about 54% of the population.

 

[markef]

Let me ask you a question, have you stopped hitting your wife? YES OR NO.

Despite your BS framing, the oil production in the US has skyrocketed


US oil production has skyrocketed over the past 15 years. IF THAT'S A WAR, WE ARE VERY BAD AT IT

You can dance all around the question without answering it but that makes you look like a typical leftist who refuses to acknowledge the truth while promoting false democrat narratives based on misinterpreted cherry-picked data.

 

[markef]

ANY day now the GOP will be bringing charges on the Clinton's, Biden, Omar, etc, I'm sure of it

Money and intertwined friendships among politicians and judges on both sides of the aisle make it very difficult to prosecute leftist criminals with deep state connections, sort of like the difficulty in prosecuting mafia bosses with friends in key places.

 

[markef]

That debt cock for the states is simply their bonds and debt.

Key Findings:​

• Seven of the 10 states most dependent on the federal government were Republican-voting, with the average red state receiving $1.24 per dollar spent.

• Thirty-one states sent more to the federal government than they received, slightly higher than the 29 states in 2022.

• Of the states that sent more than they received, 48% were Democrat-voting, and 52% were Republican-voting.

• New Mexico had the highest return on federal spending of any state ($3.42 per dollar spent), and Delaware had the lowest ($0.46 per dollar spent).

The States That Are Most Reliant on Federal Aid

MoneyGeek’s analysis identified the states most reliant on federal funding and found an intriguing correlation between dependency and political leaning.

www.moneygeek.com

Blue states contribute a significant portion of the U.S. GDP, often driven by high-income urban areas, tech, and service sectors. They produce roughly 59% of GDP with about 54% of the population.

Every state has democrat and republican voters and it is nonsense to claim those states with majority republican political control are doing worse for the national economy than are states with more democrats in control.

 

[JonKoch]

You can dance all around the question without answering it but that makes you look like a typical leftist who refuses to acknowledge the truth while promoting false democrat narratives based on misinterpreted cherry-picked data.

Hey, I can't help it YOU want to create a false narrative.