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Winning! U.S. cruises toward record-breaking debt on Trump's watch

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posted on Jun, 26 2018 @ 12:02 PM
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U.S. cruises toward record-breaking debt on Trump's watch



The nation’s fiscal outlook looks ever bleaker, thanks in part to deficit spending during President Donald Trump’s first term, Congress’ nonpartisan budget scorekeeper projected Tuesday.

Within 16 years, the federal deficit is expected to be the largest in history, outpacing even the fiscal shortfalls that followed World War II, according to Congressional Budget Office estimates.

Debt is projected to reach 78 percent of GDP by the end of this year — the highest level since about 1950.

At this rate, that debt would actually exceed the size of the economy within a decade breaking the historic record of 106 percent



Also here:

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



"I ran for office because I was critical of President Obama's trillion-dollar deficits," Paul said at the time. "Now we have Republicans hand-in-hand with Democrats offering us trillion-dollar deficits."

Sen. Bob Corker, R-Tennessee, called the national debt the "greatest threat to our nation" when it exceeded $20 trillion for the first time in September.



Trump says he's open to eliminating the debt ceiling entirely
www.cbsnews.com...

A lot of people cling to the 4D chess view of Trump.

But the longer he is in office, the more he proves he is exactly what he appears to be.

He has a long history of racking up debt and then declaring bankruptcy and defaulting on it. It can be reasonably argued that whatever wealth he has originated from manipulating the bankruptcy courts and absconding with investor funds.

My issue here is that the investors are taxpayers.

I am also curious about the bizarre silence from purported fiscal conservatives?

Or is increasing debt to record levels just one more of those things that is OK as long as Democrats are unhappy?




posted on Jun, 26 2018 @ 12:06 PM
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Oh that POS spending bill Congress handed him 6 months into a Fiscal Year? Yeah...

a reply to: soberbacchus



posted on Jun, 26 2018 @ 12:07 PM
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Doesn't the national debt break records with every President? Whats new this time
?

edit on 26120000006 by JHumm because: (no reason given)



posted on Jun, 26 2018 @ 12:07 PM
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a reply to: soberbacchus

Has the National Debt Fallen by $102 Billion Since Donald Trump’s Inauguration?


President Donald Trump and his administration are undoing the government’s rampant spending that occurred under former President Obama’s watch.

According the U.S. Treasury’s direct record, a surprising amount of money has been saved over the course of seven months. On January 20th, the day Trump was inaugurated, the total debt was $19,947,304,555,212.49. On July 30th, seven short months later, it’s at $19,844,938,940,351.37. Overall the debt has decreased by $102,365,614,861.12.


And from your source...


national debt level under the Obama administration, when it jumped from $10.6 trillion to $19.9 trillion, nearly doubling


Well...


edit on 26/6/2018 by vinifalou because: (no reason given)



posted on Jun, 26 2018 @ 12:11 PM
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Can only imagine what it would be if Hillary had won and got a Democrat Congress !!!

Double what Trump has done.

Her plan was to out-do zer0bama (Mr. 14-Digit Himself) !!

😎


+2 more 
posted on Jun, 26 2018 @ 12:11 PM
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a reply to: soberbacchus

So far he has already decreased the debt,you liberals don't realize that some do stay aware of facts,and you can put all your bseless articles,but they contridict your post



posted on Jun, 26 2018 @ 12:11 PM
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a reply to: soberbacchus

political baiting ? the debt was at an all-time high under 0bama...

even if it went up one cent under Trump, it would have been at an all the time high 'under' Trump.

no economy fixes itself overnight. give Trump at least a chance to fail, or win. EVERYONE gets affected by the outcome, not just the 'right or the left'.

yes, there are mentalists who saw a small bump on their 2017 tax return and thought the tax laws which took effect in 2018 was the cause ...when the effects of those changes wont be seen til next year's tax season, yes those mongs are all around us.

but let's see how Trump's strategy works out in the next year and a half before drawing to conclusions.



posted on Jun, 26 2018 @ 12:13 PM
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These idiot liberals have no concept of debt. They don't realize it won't go down. You can only hope to slow it's growth. Like Trump has done after the previous administration squandered billions of tax payer dollars.

But Trump=Bad so nothing will ever be enough to appease these adult children.

Ps. People still get information from the politico?
Hmmm.
edit on 26-6-2018 by JAY1980 because: (no reason given)



posted on Jun, 26 2018 @ 12:16 PM
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a reply to: soberbacchus




My issue here is that the investors are taxpayers.


nah taxpayers aren't investors; if they were they would get rid of the Federal Reserve Board.

They should default on loans and call in the bankruptcy. Start again from scratch.



78 percent of GDP


22% left to service debt?
hahaha - good luck with reducing total debt - lucky to cover the interest.

Wait till more loans are conditional on selling of assets or austerity measures imposed (EU style)

America may then wake up to the reality of the situation.

Trumps just another stooge like any other US president. Beholden to the Bankers



posted on Jun, 26 2018 @ 12:26 PM
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originally posted by: JHumm
Doesn't the national debt break records with every President? Whats new this time
?


It breaks its own record every 1/1000th of a second.


edit on 26-6-2018 by IgnoranceIsntBlisss because: (no reason given)



posted on Jun, 26 2018 @ 12:27 PM
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a reply to: vinifalou

That was between January and July of 2017. Treasury.gov's debt to the penny:


21,130,600,883,846.19 - June 22, 2017
19,947,304,555,212.49 - January 21, 2017

That's an increase of:

1,183,296,328,633.7 (1.18 trillion dollars)



posted on Jun, 26 2018 @ 12:28 PM
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Yes, because housing, clothing, and feeding 10-15 million illegal immigrants is a bit expensive. Perhaps if we secured the border?



posted on Jun, 26 2018 @ 12:28 PM
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a reply to: odzeandennz

He FAILED when he signed that $1.3T "omnibus' bill.

But cops etc are rounding up more hookers (AHEM "human traffickers") now so its not a big deal.
edit on 26-6-2018 by IgnoranceIsntBlisss because: (no reason given)



posted on Jun, 26 2018 @ 12:30 PM
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originally posted by: Oldtimer2
a reply to: soberbacchus

So far he has already decreased the debt,you liberals don't realize that some do stay aware of facts,and you can put all your bseless articles,but they contridict your post


No, the debt has actually increased by about $1.2 trillion since he was inaugurated. Given that you said it, it's completely fact-free and the most starred post in the thread, I think it's safe to say that there's ample disregard for facts among "you conservatives."
edit on 2018-6-26 by theantediluvian because: (no reason given)



posted on Jun, 26 2018 @ 12:30 PM
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a reply to: soberbacchus

Where were all you fiscal conservatives for the past 10 years? too busy praising obamacare? i love it lol I really can't wait for all the obama-pro-war liberals to swing back over to anti-war peace keepers next.

welcome back! lol



posted on Jun, 26 2018 @ 12:33 PM
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a reply to: theantediluvian

1.2 trilling in 2 years in office vs...... $7.917 trillion in seven years. This was the fifth-largest increase, percentage-wise.

where were you then? too busy signing up for that "free" health insurance to notice?



posted on Jun, 26 2018 @ 12:35 PM
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a reply to: theantediluvian

Yup, just pointing out an different view from the OP.



posted on Jun, 26 2018 @ 12:39 PM
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originally posted by: JHumm
Doesn't the national debt break records with every President? Whats new this time
?

It's Trump and not Obama....



posted on Jun, 26 2018 @ 12:47 PM
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originally posted by: SecretsoftheBlueApples
Oh that POS spending bill Congress handed him 6 months into a Fiscal Year? Yeah...

a reply to: soberbacchus


yeah the one he signed.

willingly



posted on Jun, 26 2018 @ 12:48 PM
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originally posted by: smkymcnugget420
a reply to: theantediluvian

1.2 trilling in 2 years in office vs...... $7.917 trillion in seven years. This was the fifth-largest increase, percentage-wise.

where were you then? too busy signing up for that "free" health insurance to notice?


nice try but your numbers are half of what they actually are.

it was a six month bill




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