Sandy Shanks
Gold Member
- Jul 10, 2018
- 3,550
- 1,025
- 210
- Banned
- #1
Trump will eliminate the $19 trillion national debt “over a period of eight years," or so he said. This may have come right after Trump promised that Mexico would build a wall for us and paying for it.
Incredibly, many believed him and voted for him. Of course, neither happened. Most of us knew that would be the case.
The reverse happened. Americans are paying for the wall, and Trump caused the National Debt to dramatically increase although there has been no wars, no recession, and there has been a booming economy.
On November 9, 2016, most of us knew that would happen, too.
CBS reports, "The U.S. government's budget deficit for the 2019 fiscal year surpassed the $1 trillion benchmark in August, the highest level in seven years."
The last time we hit this level was when President Obama was still battling the effects of the Great Recession, a global economic crisis he inherited from the previous Republican administration along with two of our longest wars.
CBS continued. "The government budget deficit climbed $169 billion to $1.07 trillion in the first 11 months of this budget year, as government spending this year outpaced tax collections in areas such as Social Security, Medicare, defense and interest payments on the national debt. With just one month left in the budget year, the deficit is up 18.8% over the year-ago period, according to the Treasury Department.
"The government has recorded trillion-dollar-plus deficits in only one other period — between 2009 through 2012, when federal spending shot up to cope with the worst financial crisis since the 1930s."
Thank you for your service, Mr. President. You're fired!
Incredibly, many believed him and voted for him. Of course, neither happened. Most of us knew that would be the case.
The reverse happened. Americans are paying for the wall, and Trump caused the National Debt to dramatically increase although there has been no wars, no recession, and there has been a booming economy.
On November 9, 2016, most of us knew that would happen, too.
CBS reports, "The U.S. government's budget deficit for the 2019 fiscal year surpassed the $1 trillion benchmark in August, the highest level in seven years."
The last time we hit this level was when President Obama was still battling the effects of the Great Recession, a global economic crisis he inherited from the previous Republican administration along with two of our longest wars.
CBS continued. "The government budget deficit climbed $169 billion to $1.07 trillion in the first 11 months of this budget year, as government spending this year outpaced tax collections in areas such as Social Security, Medicare, defense and interest payments on the national debt. With just one month left in the budget year, the deficit is up 18.8% over the year-ago period, according to the Treasury Department.
"The government has recorded trillion-dollar-plus deficits in only one other period — between 2009 through 2012, when federal spending shot up to cope with the worst financial crisis since the 1930s."
Thank you for your service, Mr. President. You're fired!