Debt

Wally

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National debt end of 2020
$27.5 trillion

$7.8 trillion higher than when Trump was sworn in.

If the Trump economy was actually great we would have been paying down the debt. Magically Republicons will start caring about the debt now.
 

TurfGopher

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Unfortunately, I don't think that balance is ever going down.
 

BarnBurner

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National debt end of 2020
$27.5 trillion

$7.8 trillion higher than when Trump was sworn in.

If the Trump economy was actually great we would have been paying down the debt. Magically Republicons will start caring about the debt now.
Your team in charge now, WALLACE!

Care to share YOUR plan to make it better? Or more but but but but but?

WALLACE 😂 😂 😂 😂 😂
 

John Galt

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Are we willing to cut spending by 30% across the board and take the action needed? Will any politician be willing to do this?
 

From the Parkinglot

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The debt will never go down. The last two presidents added 17 trillion dollars or basically tripled the national debt. We have had republicans as president, democrats as president, both republicans and democrats have controlled the house and senate yet nothing changes. They all spend money at an unsustainable amount.

2008 national debt of 10 trillion
2020 national debt of 27 trillion
 


Wally

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Are we willing to cut spending by 30% across the board and take the action needed? Will any politician be willing to do this?

Get rid of the tax cuts. Dems are realistic about paying for what they buy. I despise republicans because they are the worst kind of lying hippocrites.
 

Wally

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Your team in charge now, WALLACE!

Care to share YOUR plan to make it better? Or more but but but but but?

WALLACE 😂 😂 😂 😂 😂

Raise taxes dipshit. Pay for what you spend. At least as soon as Covid is over.

Cut military spending 50%.
VAT tax.
 


Nokomis

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US national debt is a goofy thing, most of which is intra-governmental. We basically print our own money, set our own interest rates, and then borrow from ourselves. Keynesian on steroids. So I don't ever worry too much about it. As long as the Ponzi Scheme holds up...
 



jamiche

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US national debt is a goofy thing, most of which is intra-governmental. We basically print our own money, set our own interest rates, and then borrow from ourselves. Keynesian on steroids. So I don't ever worry too much about it. As long as the Ponzi Scheme holds up...
As you said, it's basically money we owe ourselves. The republicans sweat bullets and bricks over the debt the millisecond they are out of power and develop amnesia about the subject the millisecond they are back in power. Happens every damn time.
 

John Galt

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Get rid of the tax cuts. Dems are realistic about paying for what they buy. I despise republicans because they are the worst kind of lying hippocrites.
Taxes are already too high. And even if they are raised, it won’t come close to getting us to break even. Massive spending cuts are the only way out.
 

howeda7

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Raise taxes dipshit. Pay for what you spend. At least as soon as Covid is over.

Cut military spending 50%.
VAT tax.
Repeal the tax cut on >$400K and cut both military and non-miltary spending equally. All have to wait until Covid is over though.

No to a VAT Tax.
 

MennoSota

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Raise taxes dipshit. Pay for what you spend. At least as soon as Covid is over.

Cut military spending 50%.
VAT tax.
The government should tax you at 100%. That would pay for everything.
 








Wally

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A debate about the debt and taxes so you call him a nazi? Yeah, you’re being super rational.

His post was irrational, so the response was appropriate.
 

Wally

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In an exclusive interview with Yahoo Finance, Trump said the prospect of a government default, which could plunge the country into a recession, can and should be a Republican lever to stop the Democratic spending efforts, including the multitrillion-dollar package of social spending currently being debated in Congress.

Trump on debt: 'A grave threat'

Also left unmentioned by Trump was his own role in the current debt predicament. The former president’s focus on fighting deficits comes after his 4 years in office when, according to data from the Federal Reserve, the national debt rose by roughly $7.8 trillion.

Trump entered the White House promising to eliminate the U.S. debt in 8 years, but ended up adding about $23,500 in new federal debt for every person in the country.

Trump’s budget proposal for 2020 called the debt – then at about $22 trillion – a “grave threat to our economic and societal prosperity.” By the time he left office, it had grown to about $27.7 trillion and is approaching $29 trillion today.


Trump full of s as usual.
 

kg21

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But according to my calculations, that 7.8 trillion actually costs 0

I even checked with Dementia Guy and the Stepchild.

Is there a problem here? Nice work, Trump!
 
Last edited:

Wally

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But according to my calculations, that 7.8 trillion actually costs 0

I even checked with Dementia Guy and the Stepchild.

Is there a problem here? Nice work, Trump!
Racking up massive debt with "the greatest economy ever".

It's a new level of stupid.
 


GoodasGold

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In an exclusive interview with Yahoo Finance, Trump said the prospect of a government default, which could plunge the country into a recession, can and should be a Republican lever to stop the Democratic spending efforts, including the multitrillion-dollar package of social spending currently being debated in Congress.

Trump on debt: 'A grave threat'

Also left unmentioned by Trump was his own role in the current debt predicament. The former president’s focus on fighting deficits comes after his 4 years in office when, according to data from the Federal Reserve, the national debt rose by roughly $7.8 trillion.

Trump entered the White House promising to eliminate the U.S. debt in 8 years, but ended up adding about $23,500 in new federal debt for every person in the country.

Trump’s budget proposal for 2020 called the debt – then at about $22 trillion – a “grave threat to our economic and societal prosperity.” By the time he left office, it had grown to about $27.7 trillion and is approaching $29 trillion today.


Trump full of s as usual.
“The King of Debt”
 

stocker08

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In an exclusive interview with Yahoo Finance, Trump said the prospect of a government default, which could plunge the country into a recession, can and should be a Republican lever to stop the Democratic spending efforts, including the multitrillion-dollar package of social spending currently being debated in Congress.

Trump on debt: 'A grave threat'

Also left unmentioned by Trump was his own role in the current debt predicament. The former president’s focus on fighting deficits comes after his 4 years in office when, according to data from the Federal Reserve, the national debt rose by roughly $7.8 trillion.

Trump entered the White House promising to eliminate the U.S. debt in 8 years, but ended up adding about $23,500 in new federal debt for every person in the country.

Trump’s budget proposal for 2020 called the debt – then at about $22 trillion – a “grave threat to our economic and societal prosperity.” By the time he left office, it had grown to about $27.7 trillion and is approaching $29 trillion today.


Trump full of s as usual.

Actually....he got rid of the national debt. Another one of his kept promises and big accomplishments. Just keep saying it over and over again and it becomes a fact with right wingers.
 

Angry

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In an exclusive interview with Yahoo Finance, Trump said the prospect of a government default, which could plunge the country into a recession, can and should be a Republican lever to stop the Democratic spending efforts, including the multitrillion-dollar package of social spending currently being debated in Congress.

Trump on debt: 'A grave threat'

Also left unmentioned by Trump was his own role in the current debt predicament. The former president’s focus on fighting deficits comes after his 4 years in office when, according to data from the Federal Reserve, the national debt rose by roughly $7.8 trillion.

Trump entered the White House promising to eliminate the U.S. debt in 8 years, but ended up adding about $23,500 in new federal debt for every person in the country.

Trump’s budget proposal for 2020 called the debt – then at about $22 trillion – a “grave threat to our economic and societal prosperity.” By the time he left office, it had grown to about $27.7 trillion and is approaching $29 trillion today.


Trump full of s as usual.
So a dem control Congress was responsible for nearly all of his debt during his term. Makes sense.
 

John Galt

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Racking up massive debt with "the greatest economy ever".

It's a new level of stupid.
I’m sure you’re just as outraged over the $3.5 trillion that’s brewing?
 



stocker08

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I am outraged that he is a hypocrite ahole.

What are you talking about. The right is the party of fiscal responsibility....and the fat slob eliminated the debt....just like he said he would. Jot this accomplishment down....right next to 'largest inauguration in American history' and 'built the wall and made Mexico pay for it'. 'Repeal and replace' is lower on the list of accomplishments/promises kept.
 




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