Under trump deficit tops 21 trillion for first time

[blackhawk]

Both parties run up the debt yet people only give dam when the other side does it. The nation has not been debt free since 1835 under Andrew Jackson that lasted a total of one year suffice it to say it doesn't matter which side is in control the debt continues to climb.

That's a whole lot more reasonable than the rhetoric I hear from the right when the left raises the debt/deficit.

I hear pretty much the same type of rhetoric from the left on this topic the right likes to pretend you can solve the problem with just spending cuts the left does the same by pretending taxing the rich more will do it. You want to start to deal with the national debt you would have to have across the board tax hikes and spending cuts with nothing or no one off limits and you would have to do this for decades if they tried this the voters would vote them out in hearbeat. The truth is no one from the sitting President whoever it is to Congress to the voting public wants to do this type of stuff so everyone just sits back and pretends to be outraged over the national debt when it's politically convenient for them but don't really care about it.

I think cuts need to start with the military. We spend more on military than the rest of the world combined. We have bases all over the world and get involved in conflicts we don't need to be involved in. I've never heard what I felt was a reasonable argument for the amount of money we spend on our military.

There would need to be cuts there you would also have to have cuts to entitlements and social programs the right would never accept cuts to the military and the left would be the same with entitlements and social programs. There in a nutshell is the problem both sides have there sacred cows they will never touch which leaves us where we are rising debt no end in sight no matter who is in charge.

 

[Missouri_Mike]

Under Trump's watch, national debt tops $21 trillion for first time ever

Just another campaign lie....the GOP has forgotten they stood for fiscal restraint

Deficits only matter when Democrats are in control. The King of Bankruptcy is hard at work.

You do remember it was half that when obie came in right? You let me know when Trump doubles it. By your standards if he’s a good president the debt will be 42 trillion when he leaves office.

 

[DarkFury]

Shit stain ran it up 20 trillion. Your bitching over 1 trillion?

 

[Missourian]

It's no big deal when Republicans do it because...reasons.

Conversely, it's only a big deal when Republicans do it because...reasons.

Actually...neither party should be blowing the deficit up...but in times of war or economic strife such as 2008....I can see it is necessary.

But now....no...no reason except to make rich people richer.

I'm no expert by any stretch of the imagination, but my understanding is there are only three practical methods of reducing the debt. Cut spending, raise taxes and increasing GDP. Liberals won't allow cutting of social spending and Conservatives won't allow cutting defense spending...a stance bolstered by the lefts concentration on the fear of Russia.

Th at leaves raising taxes, which trades short term gains in revenue (maybe) with long term reduction in GDP (probably). Trump is trying to increase GDP with tax reductions and increased consumer confidence. So far, it is working. While an increase in GDP from Obama era 1.5% to Trump's 3% doesn't sound like much...that is DOUBLE. Sure...it makez the Rich richer...but a rising tide lifts all boats.

We'll know in a few years if we know if the growth is sustainable and if we have the discipline to reduce the debt through that growth.

 

[Missouri_Mike]

Conversely, it's only a big deal when Republicans do it because...reasons.

Right, but Republican rhetoric revolves around the idea of being conservative and not running up debts and deficits.

Wasn’t your excuse for obie spending so much it was Bush’s fault and he couldn’t help it? So is this spending obies fault?

 

[JimH52]

Under Trump's watch, national debt tops $21 trillion for first time ever

Just another campaign lie....the GOP has forgotten they stood for fiscal restraint

Deficits only matter when Democrats are in control. The King of Bankruptcy is hard at work.

You do remember it was half that when obie came in right? You let me know when Trump doubles it. By your standards if he’s a good president the debt will be 42 trillion when he leaves office.

Oh...he won't have that chance. We are a couple weeks behind the Special Councel news cycle. trump is unhinged for a good reason....watch and wait.

Thanks

 

[Missourian]

I think cuts need to start with the military. We spend more on military than the rest of the world combined. We have bases all over the world and get involved in conflicts we don't need to be involved in. I've never heard what I felt was a reasonable argument for the amount of money we spend on our military.

Sorry, can't...the Russians are under every bed, in every closet, behind every shrub!!!

No chance we're cutting military spending...in fact, thanks to this liberal witch hunt to undermine Trump...the only thing that is going to happen is an INCREASE in National Defense spending.

 

[IsaacNewton]

Under Trump's watch, national debt tops $21 trillion for first time ever

Just another campaign lie....the GOP has forgotten they stood for fiscal restraint

Deficits only matter when Democrats are in control. The King of Bankruptcy is hard at work.

Ok that's enough 'winning' now. Republicans along with Little Lying Donald are burning through taxpayer money like shit through a goose.

 

[ThunderKiss1965]

Under Trump's watch, national debt tops $21 trillion for first time ever

Just another campaign lie....the GOP has forgotten they stood for fiscal restraint

Deficits only matter when Democrats are in control. The King of Bankruptcy is hard at work.

Liberal concern about the national debt When you say it out loud It really does sound that stupid.

 

[EvilCat Breath]

It's hard to stop the juggernaut of obamanomics.

 

[edthecynic]

In 8 years, the Obama administration and congress ran up 10 Trillion in new debt. That calculates to 1.25 Trillion per year.

The real numbers:

Debt when Obama started

$11,909,829,003,511.75


Debt when Obama ended

$20,244,900,016,053.51


Total debt under Obama 8 years

$ 8.2 Trillion or $1.025 Trillion per year


Debt when Tramp started

$20,244,900,016,053.51


Tramp debt now

$21,031,067,004,766.25


Debt under Tramp

$0.8 Trillion in 7 months or $1.37 trillion per year

 

[edthecynic]

Under Trump's watch, national debt tops $21 trillion for first time ever

Just another campaign lie....the GOP has forgotten they stood for fiscal restraint

Deficits only matter when Democrats are in control. The King of Bankruptcy is hard at work.

 

[deanrd]

The deficit under the Hussein administration reached staggering record numbers and we didn't even get anything out of it except a stagnant economy and a crazy promise to "wean Americans off fossil fuel" while the rest of the world (including George Soros who created Media Matters) got rich gobbling it up. Hypocrite lefties who enjoy a booming economy only whine about the deficit during republican administrations.

Republicans, with the deficit creating Bush Tax Cuts for the Rich and the endless wars paid by credit card took away sources of revenue and then ruined the economy.

But it's Obama's fault. Yea, keep telling yourself that. History sees it different.

 

[Steve_McGarrett]

The deficit under the Hussein administration reached staggering record numbers and we didn't even get anything out of it except a stagnant economy and a crazy promise to "wean Americans off fossil fuel" while the rest of the world (including George Soros who created Media Matters) got rich gobbling it up. Hypocrite lefties who enjoy a booming economy only whine about the deficit during republican administrations.

Republicans, with the deficit creating Bush Tax Cuts for the Rich and the endless wars paid by credit card took away sources of revenue and then ruined the economy.

But it's Obama's fault. Yea, keep telling yourself that. History sees it different.

Obama had us in wars more than Bush ever did. He left Trump a failing economy. Only for Trump's business sense and true patriotism is he now making America great again.

 

[EGR one]

In 8 years, the Obama administration and congress ran up 10 Trillion in new debt. That calculates to 1.25 Trillion per year.

The real numbers:

Debt when Obama started

$11,909,829,003,511.75


Debt when Obama ended

$20,244,900,016,053.51


Total debt under Obama 8 years

$ 8.2 Trillion or $1.025 Trillion per year


Debt when Tramp started

$20,244,900,016,053.51


Tramp debt now

$21,031,067,004,766.25


Debt under Tramp

$0.8 Trillion in 7 months or $1.37 trillion per year

The day Obama took office, on January 20, 2009, the national debt was $10,626,877,048,913.08.

It didn't hit $11,909,829,003,511.75 until September 30, almost 9 months after Obama took office.

Obama left office on January 19, 2017, and the national debt, at that time was $19,944,429,217,106.77.

Obama total: $9,317,552,169,193.69, or 1.16 Trillion per year for 8 years.

As of March 15, the national debt was $21,031,067,004,766.25. That means the national debt has increased by $1,087,637,787,659.48 over 15 months of the Trump presidency. That calculates to $0.864 Trillion per year, and a reduction of $0.296 Trillion from the Obama years.

 

[TheMoreYouKnow]

BUT, BUT, BUT.......those tax cuts.
\

 

[C_Clayton_Jones]

Under Trump's watch, national debt tops $21 trillion for first time ever

Just another campaign lie....the GOP has forgotten they stood for fiscal restraint

Deficits only matter when Democrats are in control. The King of Bankruptcy is hard at work.

In 8 years, the Obama administration and congress ran up 10 Trillion in new debt. That calculates to 1.25 Trillion per year. And, that was without major tax cuts or building up our military.

Fiscal restraint is only one element of fiscal responsibility. Long range solvency of the country is another element, and far more important than the first. The only way out of our debt crisis is to grow our way out, and that requires some spending. The fact that uncontrollable entitlement programs are eating up a larger and larger share of our tax revenues makes digging our way out of debt a hard nut to crack.

It’s not uncontrolled entitlement spending that’s your problem. It’s uncontrolled cuts in revenue. Cutting taxes when you’re running a deficit and have full employment is the height of idiocy.

The idiocy of Trump and his fellow Republicans.

 

[mikegriffith1]

Under Trump's watch, national debt tops $21 trillion for first time ever

Just another campaign lie....the GOP has forgotten they stood for fiscal restraint

Deficits only matter when Democrats are in control. The King of Bankruptcy is hard at work.

Well, actually, Trump is on target to add less to the debt than Obama or Bush or Reagan or Carter. I mention this on the off chance that you have any concern for fact. The current deficit under Trump ($390 billion) is lower than it was under Obama at any time during his presidency and the 2017 deficit was lower than it was during Obama's first four years.

 

[Cellblock2429]

Conversely, it's only a big deal when Republicans do it because...reasons.

Right, but Republican rhetoric revolves around the idea of being conservative and not running up debts and deficits.

/——/ Where did you get the notion that the GOP leadership is conservative? They are anything but that. There are fiscal hawks in the GOP but they don’t run the party. Try and get a clue will ya?

 

[Norman]

Under Trump's watch, national debt tops $21 trillion for first time ever

Just another campaign lie....the GOP has forgotten they stood for fiscal restraint

Deficits only matter when Democrats are in control. The King of Bankruptcy is hard at work.

After Obama increased the deficit by 10 trillion, he cares.

What a guy...