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

Obama trashed the Budapest Memorandum in favor of Russia and Joe Biden got rich selling White House access to Ukrainian crooks. It looks like crooked politicians were playing both sides of the fence.
Dems have long used Ukraine as a money laudering scam to enrich themselves
 
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 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.”
Wasn't it reported that Trump once stated, "I am the king of debt. I will bankrupt the country." :omg:
 
Yeah but as your link shows Kennedy proposed and then Johnson signed the tax reform bill of 1964, which slashed tax rates, and grew revenue and the economy

That cut the top rate from 90 to 70 which was the rate when Carter was president

Had Johnson not did a 180 on the Kennedy plan, with his “great society” programs we’d all be better off today and our debt way way way less
Did not reach 91%

Did​

The top tax rate under President Jimmy Carter did not reach 91%. During Carter's presidency, the top marginal tax rate remained above 90%, but it did not hit 91%. The top marginal tax rate was 91% during the presidencies of Harry S. Truman and Dwight D. Eisenhower, but these rates were not reached during Carter's administration.
 
I don'[t refute that made those predictions.

“Probably there are people in this room still mad at me for that budget because you think I raised your taxes too much. It might surprise you to know that I think I raised them too much, too.” — Bill Clinton, 1995




Speaking in Houston in October 1995, Clinton said, "Probably there are people in this room still mad at me... because you think I raised your taxes too much. It might surprise you to know that I think I raised them too much, too".

THAT'S NOT ******* APOLOGIZING



....Speaking at a campaign fund raiser in Houston, Mr. Clinton said: "Probably there are people in this room still mad at me at that budget because you think I raised your taxes too much. It might surprise you to know that I think I raised them too much, too."

The President, who took office promising both a tax cut for the middle class and higher taxes for the wealthiest Americans, deferred the tax cut in favor of further reducing the Federal budget deficit. In the speech on Tuesday, he seemed to blame both Democrats and Republicans for forcing his hand, although he defended his decision as "the right thing to do." After the remarks caused a small furor on Capitol Hill this morning, the White House complained that they were being taken out of context.

But members of both parties in Congress, debating Republican plans for tax cuts that Mr. Clinton bitterly opposes as too deep, saw no such subtleties.


....Asked why he thought the President had made the remarks, Mr. Moynihan said: "He's running for re-election, he's raising money in Houston. What he should have said was, 'Is there a man in this room who's not richer than he was two years ago?' "

Mr. Clinton's remarks were made late Tuesday night and drew little notice, but Republicans seized on them this morning after he was quoted in a news service account of the speech.

The President seldom gets in more trouble than when he tries to explain himself too much to an audience he wants to win over, and the speech on Tuesday night seemed a classic example. Clearly tired from a three-day campaign swing, he gave a rambling talk, once referring to Huey Long as "the famous populist Governor and Senator of Kentucky," before correcting himself to say Louisiana.


....his remarks Tuesday night closely echoed comments he made to the Business Council, a group of top corporate executives, in Williamsburg, Va., last Friday, when he said that because no Republicans would support his 1993 budget, "I had to raise your taxes more and cut spending less than I wanted to, which made a lot of you furious."

In fact, in his frantic search for enough Democratic votes to win passage, Mr. Clinton dropped proposed tax increases he favored, like one on energy, and in the end, Vice President Al Gore had to break a tie in the Senate.




APOLOGIZE? LMAOROG
 
Yes, if we are going to spend money, it's always smarter to spend on ourselves.

I'd rather pay our soldiers, and feed them, then spend money on some other country. I don't know how that's lost on you


Got it, you are a Putin Puppet like Cheeto
 
Do you think nobody passed laws and nobody signed laws that doubled the debt under Obama?


So no you can't point to much that increased debt like Ronnie Reagan when he gutted revenues AND increased spending? Or Dubya's 2 UNFUNDED tax cuts WHILE we went to 2 UNFUNDED wars? Tack on the privatization of Medicare Dubya/GOP did in 2003, it's about half the debt Obama had in his 8 years.
 
Was she treated differently than white men or women with the same credit score?
YES, She showed people within the same income and credit score were given loans while in certain areas, like her neighborhood she wasn't. THAT'S CALLED REDLINING. IT'S BEEN ILLEGAL FOR DECADES (LATE 1960's?)
 
We can see from real data that labor rates go up and down for different reasons but, more importantly, there are many different criteria which determine what we call the labor rate. Unemployment rates, for example, can be quite different depending on whether or not unemployed workers on disability are counted as unemployed or not.
STOP THE IDIOCY. LFP has ben shown what was going to happen

1774988580664.webp
 
THAT'S NOT ******* APOLOGIZING



....Speaking at a campaign fund raiser in Houston, Mr. Clinton said: "Probably there are people in this room still mad at me at that budget because you think I raised your taxes too much. It might surprise you to know that I think I raised them too much, too."

The President, who took office promising both a tax cut for the middle class and higher taxes for the wealthiest Americans, deferred the tax cut in favor of further reducing the Federal budget deficit. In the speech on Tuesday, he seemed to blame both Democrats and Republicans for forcing his hand, although he defended his decision as "the right thing to do." After the remarks caused a small furor on Capitol Hill this morning, the White House complained that they were being taken out of context.

But members of both parties in Congress, debating Republican plans for tax cuts that Mr. Clinton bitterly opposes as too deep, saw no such subtleties.


....Asked why he thought the President had made the remarks, Mr. Moynihan said: "He's running for re-election, he's raising money in Houston. What he should have said was, 'Is there a man in this room who's not richer than he was two years ago?' "

Mr. Clinton's remarks were made late Tuesday night and drew little notice, but Republicans seized on them this morning after he was quoted in a news service account of the speech.

The President seldom gets in more trouble than when he tries to explain himself too much to an audience he wants to win over, and the speech on Tuesday night seemed a classic example. Clearly tired from a three-day campaign swing, he gave a rambling talk, once referring to Huey Long as "the famous populist Governor and Senator of Kentucky," before correcting himself to say Louisiana.


....his remarks Tuesday night closely echoed comments he made to the Business Council, a group of top corporate executives, in Williamsburg, Va., last Friday, when he said that because no Republicans would support his 1993 budget, "I had to raise your taxes more and cut spending less than I wanted to, which made a lot of you furious."

In fact, in his frantic search for enough Democratic votes to win passage, Mr. Clinton dropped proposed tax increases he favored, like one on energy, and in the end, Vice President Al Gore had to break a tie in the Senate.




APOLOGIZE? LMAOROG
I never said he apolized

I said he admitted he raised them too much

Your deflect and moving of goal post, I’ll accept as admission of defect
 
Obama trashed the Budapest Memorandum in favor of Russia and Joe Biden got rich selling White House access to Ukrainian crooks. It looks like crooked politicians were playing both sides of the fence.


Got it you are simply stoopid.


The 1994 Budapest Memorandum holds no "trigger" clause, meaning it lacks legally binding automatic military obligations for signatories (US, UK, Russia) to defend Ukraine. It provides political "assurances" rather than "guarantees," pledging only to respect sovereignty and seek UN Security Council action if violated.

Trump Revives False Narrative on Biden and Ukraine​

As we’ve written, there’s no evidence Hunter Biden was being investigated.


Fact check: Biden leveraged $1B in aid to Ukraine to oust corrupt prosecutor, not to help his son​


 
15th post
Got it you are simply stoopid.


The 1994 Budapest Memorandum holds no "trigger" clause, meaning it lacks legally binding automatic military obligations for signatories (US, UK, Russia) to defend Ukraine. It provides political "assurances" rather than "guarantees," pledging only to respect sovereignty and seek UN Security Council action if violated.

Trump Revives False Narrative on Biden and Ukraine​

As we’ve written, there’s no evidence Hunter Biden was being investigated.


Fact check: Biden leveraged $1B in aid to Ukraine to oust corrupt prosecutor, not to help his son​


It’s just that “corrupt” prosecutor was investigating the Biden’s business venture in Ukraine

And was only labeled corrupt for doing that
 
Let me guess you are as stoopid and ignorant as the other poster? Gawd
Can you name me another VP that needed blanket pardons for his family and son specifically, and who was working for corrupt Ukrainian gas company with ties to Putin prior to the VP’s president taking a more flexible post with Putin?
 


MORON, LEARN WHAT AN ARTICLE LINK IS AND THE DIFFERNCE WITH A HYPERLINK. This is twice you've claimed BS off a hyperlink that the article itself doesn't say!


History of Federal Income Tax Rates: 1913 - 2026​



World War II​



As we mentioned earlier, war is expensive.



In 1944, the top rate peaked at 94 percent on taxable income over $200,000 ($2.5 million in today’s dollars). That’s a high tax rate.



The 1950s, 1960s, and 1970s



Over the next three decades, the top federal income tax rate remained high, never dipping below 70 percent.



The 1980s​



The Economic Recovery Tax Act of 1981 slashed the highest rate from 70 to 50 percent, and indexed the brackets for inflation



1774989287319.webp


 
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