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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 @ 12:53 PM
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So the jobs are back because of Obama but the debt is because of Trump..Hmmmm....leftie logic at it's best!




posted on Jun, 26 2018 @ 01:13 PM
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a reply to: smkymcnugget420


1.2 trilling in 2 years in office vs


Trump hasn't been in office 2 years. Trump has been president for less than a year and a half. 1 year, 157 days to be more precise.

What's that average out to? Let's call it 1.18 trillion over 15 months or about $78.6 billion per month. We can multiply that by 96 to estimate the debt after 8 years of Trump if the average holds: that's $7.545 trillion.


$7.917 trillion in seven years


You mean over 8 years? You're clearly counting the 2009 deficit. The most significant differences here are that Obama came into office prior to the peak of the largest recession since the GD and hundreds of billions in stimulus spending as well as two ongoing wars.

All of the first few years' deficits were over $1 trillion: $1.413 trillion, $1.294 trillion, $1.295 trillion, $1.087 trillion — and then they dropped significantly. The next 4: $679 billion, $485 billion, $438 billion and $585 billion.

Or if you really want to do this right, let's not count 2009 and 2017 towards the respective presidents. So $5.863 trillion over 7 years = $61 billion per month. Now not all months are equal. So let's figure out how much of the deficit accrued through June 22 of 2016.

19,252,431,295,170.04
18,900,932,690,017.04

That gives us: $351,498,605,153

Same period this year:

21,130,600,883,846.19
20,492,598,761,860.61

Gives us: $638,002,121,985.58

The YTD deficit increase for 2018 is 81.5% greater than the same period in 2016. That's the reality.
edit on 2018-6-26 by theantediluvian because: (no reason given)



posted on Jun, 26 2018 @ 01:40 PM
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originally posted by: Oldtimer2
a reply to: soberbacchus

So far he has already decreased the debt


That is factually, mathematically false.

According to the CBO and his own Appointees it is the opposite.



you liberals don't realize that some do stay aware of facts


LIBERALS LIKE RAND PAUL?


"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."



posted on Jun, 26 2018 @ 01:43 PM
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originally posted by: theantediluvian
a reply to: smkymcnugget420


1.2 trilling in 2 years in office vs


Trump hasn't been in office 2 years. Trump has been president for less than a year and a half. 1 year, 157 days to be more precise.

What's that average out to? Let's call it 1.18 trillion over 15 months or about $78.6 billion per month. We can multiply that by 96 to estimate the debt after 8 years of Trump if the average holds: that's $7.545 trillion.


$7.917 trillion in seven years


You mean over 8 years? You're clearly counting the 2009 deficit. The most significant differences here are that Obama came into office prior to the peak of the largest recession since the GD and hundreds of billions in stimulus spending as well as two ongoing wars.

All of the first few years' deficits were over $1 trillion: $1.413 trillion, $1.294 trillion, $1.295 trillion, $1.087 trillion — and then they dropped significantly. The next 4: $679 billion, $485 billion, $438 billion and $585 billion.

Or if you really want to do this right, let's not count 2009 and 2017 towards the respective presidents. So $5.863 trillion over 7 years = $61 billion per month. Now not all months are equal. So let's figure out how much of the deficit accrued through June 22 of 2016.

19,252,431,295,170.04
18,900,932,690,017.04

That gives us: $351,498,605,153

Same period this year:

21,130,600,883,846.19
20,492,598,761,860.61

Gives us: $638,002,121,985.58

The YTD deficit increase for 2018 is 81.5% greater than the same period in 2016. That's the reality.


Bumped for the terrific detail.



posted on Jun, 26 2018 @ 01:53 PM
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originally posted by: matafuchs
So the jobs are back because of Obama but the debt is because of Trump..Hmmmm....leftie logic at it's best!


Unemployment is following a post recovery downward trend line for the past 7 years.

Trump never declared he would halt and reverse that trend (obviously)

He has however signed an omnibus spending bill that Fiscal conservatives found outrageous and then instituted tax cuts primarily for corporations and the wealthy, resulting in an accelerating US Debt.

And for the bizarre reality deniers that claim he has reduced debt? Why has he suspended the debt ceiling limitation until next year?



n just over six months, the U.S. has added a trillion dollars to its national debt. The benchmark was achieved earlier in March, increasing from the $20 trillion mark reached in early September 2017.

According to MarketWatch, the debt is expected to increase after President Donald Trump signed a debt limit suspension in February. The debt limit suspension allows for unlimited borrowing through March 1, 2019.

www.newsweek.com...



posted on Jun, 26 2018 @ 01:55 PM
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The Congressional Budget Office Report (Not Media)



“The prospect of large and growing debt poses substantial risks for the nation and presents policymakers with significant challenges,” wrote CBO director Keith Hall in a statement.

www.newsweek.com...



posted on Jun, 26 2018 @ 02:09 PM
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Any president would have to be a miracle worker to turn around the national debt climb without gutting services infrastructure and the military even more. Just inflation and interest alone are going to keep the debt on an upward trend.



posted on Jun, 26 2018 @ 02:30 PM
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originally posted by: JAY1980
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.



?????

Trump hasn't slowed the growth of Debt??

He has accelerated it.

Full CBO report here:
www.cbo.gov...



posted on Jun, 26 2018 @ 02:34 PM
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originally posted by: BigDave-AR


Any president would have to be a miracle worker to turn around the national debt climb without gutting services infrastructure and the military even more. Just inflation and interest alone are going to keep the debt on an upward trend.



Pres. Bill Clinton balanced the budget?
Then Pres. Bush blew the lid off with multiple wars and tax cuts.
Then Pres. Obama was handed the Great Recession to kick off his budget.
Trump has an opportunity in good economic times to balance the budget like he promised to, instead he is spending gobs on the military and doling out tax breaks to corporations and millionaires.



posted on Jun, 26 2018 @ 02:39 PM
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a reply to: soberbacchus

Don't forget the trade war that is sure to put us in another recession/depression.

Some US companies have already started laying off saying they will be closing due to tariffs.



posted on Jun, 26 2018 @ 02:39 PM
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Conservatives irate over GOP’s spending hypocrisy
www.politico.com...

Years of red ink ahead for federal budget thanks to GOP tax law
www.politico.com...



posted on Jun, 26 2018 @ 02:54 PM
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originally posted by: Grimpachi
a reply to: soberbacchus

Don't forget the trade war that is sure to put us in another recession/depression.

Some US companies have already started laying off saying they will be closing due to tariffs.


That too:



They’ve already left the Dow down for the year despite the strong economy.

Wall Street analysts are now ramping up their warnings of a potential recession given Trump's aggressive trade moves.

“Our calculations suggest that a major trade war would lead to a significant reduction in growth,” Bank of America Merrill Lynch economist Ethan Harris wrote in a recent research note. “A decline in confidence and supply chain disruptions could amplify the trade shock, leading to an outright recession.”

www.politico.com...



posted on Jun, 26 2018 @ 02:56 PM
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Under Obama, the national debt increased from about ten and a half trillion to almost twenty trillion dollars. That is a lot of increase, and I do not think it was spent very wisely during that time. Now, the interest on the extra nine trillion dollars is a lot of money, it is going to be hard to start getting our debt down. Initially Obama did need to use some money to bail us out, but he kept driving us farther and farther into debt.

The benefit from this Republican administration is not going to be so good since we have such higher interest payments to pay. On top of that, medicaid payments for services are way higher too.

The first OP article does not really portray what the OP says it does. The other articles do not actually blame this on the trump administration so much either, they are sort of like gripes that Trump is not really doing much better than Obama. Hillary would not have done better than Trump into keeping our debt down but she would have hid things better if she would have won. We need to fix the problem and not just drive our country into economic collapse, one more year of Obama and our debt would be much higher.



posted on Jun, 26 2018 @ 03:00 PM
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originally posted by: theantediluvian
96 to estimate the debt after 8 years of Trump if the average holds: that's $7.545 trillion.


It's nice that you have accepted Trump and realized the the left likely isn't even running this next election, but I'm not sure you will make it the whole 8 years. With as much perceived anger as you have over Trump, it just seems like you will explode into a bunch of angry little pieces long before the end of the First 4.



posted on Jun, 26 2018 @ 03:08 PM
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a reply to: soberbacchus

Haven’t you learned not to make such predictions? So far the accuracy rate is at a big fat zero.



posted on Jun, 26 2018 @ 03:46 PM
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a reply to: JAY1980

It decreased under clinton.



posted on Jun, 27 2018 @ 08:14 AM
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a reply to: soberbacchus

There's no excuse as to why we have such a high debt and deficit, no matter who is in office.

Period*














* in case you didn't notice the period at the end of the sentence



posted on Jun, 27 2018 @ 09:24 AM
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Silly you, didn’t you know; National debt only matters when Democrats are in charge. Sigh.



posted on Jun, 29 2018 @ 09:19 AM
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originally posted by: JHumm
Doesn't the national debt break records with every President? Whats new this time
?


Hello. Did you miss the Trump tax cut and Trump record breaking military budget? Hey it made all the mainstream media.



posted on Jun, 29 2018 @ 09:23 AM
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a reply to: rickymouse

Did you miss the "Great Recession?" It made all the mainstream press. GwBush left the nation in a mess. It took deficit spending to restore the economy that Trump is buay destroying.



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