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Trump trillion-dollar-plus deficits are putting America on a path to fiscal ruin

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posted on Aug, 20 2018 @ 03:53 PM
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Years of deficit spending has left President Trump with a near insurmountable problem to deal with. I believe every department of the Federal Goverment could cut spending by 5% and never miss it.




posted on Aug, 20 2018 @ 03:57 PM
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originally posted by: TrueBrit
a reply to: neo96

You are going to need to be a little more specific here. First, can you show the figures which indicate that Obama's temporary debt was more or as expensive to the country, as Trumps permanent deficit increase?

Also, which creative accounting are you talking about specifically, and could you provide an example with some sort of sourcing, beyond some chatter you picked up on a chan board?

Lastly, your final two statements, about ignoring one trillion dollars of student loan debt and the "Trillion dollar shovel ready BULLSNIP"... Care to provide any details that actually show the following:

a) That what you say about any of this is actually accurate

b) That you are correct to suggest that Trumps permanent deficit increases are only as bad as the temporary measures that Obama used to rescue the economy

c) That you have correctly grasped the relevance of the data you are trying to use




Zzzzzzzzzzzzzzzzzzzzzzz


Gonna need you to do what you ask of others; show me Obama's defecit and inflation to the national debt was temporary, show the supposed "66% reduction" and then compare what's left over to something relative, so you can see it's total proportion.

You may not know, because you don't live in the US, but -- our economy is rocking, and it wasn't until Trump got elected. He didn't inherit a good economy; he made changes that had immediate results, that kept more money in the pockets of small business owners, which allowed them to expand; which is currently why where I live, there are too many jobs. When Obama was president I was out of work for about 3 years, filling out about 40-50 applications a day, with Trump as president, I spend one day filling out applications, and have to slide my phone to ignore because I'm employed before the day is over.

Zzzzzzzzzzzz -- so many people just not having a single clue, not a single one.

There is no such thing as a "temporary" deficit or debt; they are all temporary until they are paid. Obama's wasn't paid.

You wanna talk about "Scum" in our government, but yours is drowning in it too. Don't look to England for a model of governance, because they are totally full blown 1984 big brother; your parliament is every bit as bad or worse. If you want to attack Trump, cool -- go for the throat about real issues; like net neutrality and Ajit at the FCC, but you certainly can't black mark him for economics; here is a president who slashed the budget on Airforce One, and had the new plane built for a fraction of what the last administration budgeted for.

Obama inherited a bad economy and then made it worse; trump inherited that same economy and in less than 1 year turned the entire thing around. Obama had 8; just so we're clear.
edit on 20-8-2018 by SRPrime because: (no reason given)



posted on Aug, 20 2018 @ 03:59 PM
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originally posted by: neo96


I guess deficits don't matter anymore?


They sure didn't matter when Obama spent more than all his predecessors combined.

Now suddenly they do.



In other words, without a trace of irony, you think it's OK because Obama did it.



posted on Aug, 20 2018 @ 04:00 PM
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originally posted by: SRPrime


You may not know, because you don't live in the US, but -- our economy is rocking.


Just like Bush's economy was rocking in 2006.

You don't need a weatherman to know which way the wind blows.



posted on Aug, 20 2018 @ 04:08 PM
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originally posted by: Byrd

originally posted by: six67seven


The Trump deficits are the result of changes in federal spending and revenues that will continue to be in place until some president and Congress decide to reverse them, that is, to increase taxes and make cuts to popular programs.


Why can't we make cuts to UNpopular programs just the same???

Pork is still a thing, right??


Like paying for Trump's frequent golfing trips and Mar-a-Lago? I'd go for that. It'd be a good start. We (hopefully) ditched the Big Parade.
Naw, perks of the job, get use to it 😙



posted on Aug, 20 2018 @ 04:31 PM
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a reply to: CriticalStinker

Well, put. I really don't understand how people can't see that both parties are kind of one in the same. I don't care what party is in charge as long as they truly want to stop the spending. But I feel we are too far along for that. I don't think this much debt is fixable.




posted on Aug, 20 2018 @ 04:41 PM
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So every cent of our trillions of debt are Trumps fault?
Sounds about right for the course.

The levels of cognitive dissonance displayed these days are staggering. The op literally has to walk around all day with blinders on as not to find contradictions to their carefully crafted utopia.



posted on Aug, 20 2018 @ 05:03 PM
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You do know that Obama added 7.9 Trillion to our National debt, which was two Trillion more than even Bush? Most of it went on Drone strikes, 221 million to Pakistan right before he left office, 5.7 to Iran, 8 Billion to the Muslim Brotherhood in Egypt (although the Liberal media says it was just for aid to Egypt.....8 Billion for aid...yeah right, even Egypt's own news said that he did it) and vacations for he and his family. That was not Temporary...it's still there pal.



posted on Aug, 20 2018 @ 05:17 PM
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originally posted by: andy06shake
a reply to: Southern Guardian






Have you thanked a rich person lately.....



posted on Aug, 20 2018 @ 05:47 PM
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originally posted by: neo96

originally posted by: mzinga
a reply to: neo96

Guess people don't understand debt versus deficit. This is such a silly rallying cry. If you actually care to look at more than numbers then you understand a few things.

1. Obama inherited one of the worst economies in history
2. Obama actually reduced the deficit by almost 66%
3. Debt racked up under Obama was amplified by Bush tax cuts and the poor economy he inherited

Now do tell have we increased or lessened our deficit under Trump, or did they raise to over one trillion dollars per year while the economy is improving?


Bull and crap.



Correct. We knew this was coming in 2016, and it's largely because the ACA.

Old news



posted on Aug, 20 2018 @ 05:55 PM
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a reply to: neo96

Two posts in, deflection and whataboutism, surprised he didn't mention hillary. You guys will go down with a sinking ship all the while praising the drunk captain.



posted on Aug, 20 2018 @ 06:04 PM
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a reply to: hopenotfeariswhatweneed

For what?

I don't come across that many of them if truth be told, especially these days.

But what i should have to thank them for is beyond me because capitalism and the illusion of freedom and security ain't all they cracked up to be.

Should they not be thanking everyone else for allowing their continued existence?



posted on Aug, 20 2018 @ 06:06 PM
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a reply to: Bluntone22

Exactly bring them home from Afghanistan and Iraq. Cut spending on the bloated whale the f35. Quit deploying national guard.

Put out contracts for new systems with teeth in them so that when deadlines are met or costs are starting to go beyond contract bid penalize these corporations instead of the current way of doing business letting them keep adding to cost and being late with delivering finished product by years with little to no penalties yes Lockheed i am referring to you. Do raise pay scale for enlisted personnel tho . There is no reason a gunnery seargent with a wife and 4 kids should have to rely on food stamps to feed family.



posted on Aug, 20 2018 @ 06:10 PM
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originally posted by: Southern Guardian
I guess deficits don't matter anymore?


Unlike the trillion-dollar budget deficits that occurred during the Obama administration that were temporary and largely the result of the Great Recession, the Trump deficits that will soon reach and exceed $1 trillion are permanent and will only get worse in the years ahead.

The Trump deficits are the result of changes in federal spending and revenues that will continue to be in place until some president and Congress decide to reverse them, that is, to increase taxes and make cuts to popular programs.

Not only has there been little appetite to do that, many in Congress and the Trump administration seem to be hell bent on ignoring the current deficit and national debt and increasing spending and reducing revenues even further.

Source

This following the revelation that another $500 billion was added to the national debt within the last 6 months alone. I mean I'm not surprised we're getting record breaking deficits. There's that $192 billion increase to the already bloated $700 billion + military budget, approved by the Administration and Congress. There's that $1.5 trillion tax cut, a trillion of which will go to benefit the wealthy elite along with those corporate tax cuts. There's also the Administration's other pet projects that's sure to add to the gaping hole that is DC. Session's 'Religious Liberty' task force, Trump's little Space force, the Mexican wall that the tax payer will have to cover after all? Luckily he cancelled that $92 million parade hey? We saved us a nifty 0.1% so that's something.


Cheers to the kids. It's all yours in a good number of years.


Come on, he's draining the swamp...



posted on Aug, 20 2018 @ 08:18 PM
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originally posted by: mzinga
a reply to: neo96

Guess people don't understand debt versus deficit. This is such a silly rallying cry. If you actually care to look at more than numbers then you understand a few things.

1. Obama inherited one of the worst economies in history
2. Obama actually reduced the deficit by almost 66%
3. Debt racked up under Obama was amplified by Bush tax cuts and the poor economy he inherited

Now do tell have we increased or lessened our deficit under Trump, or did they raise to over one trillion dollars per year while the economy is improving?


So, what do you think all that spending is on? Are you aware of the high bureaucratic overhead created by the ACA and the Stimulus, which involves some things like the HITECH ACT? Are you aware of the amount of money which goes to food stamps and all these social welfare programs? Our elected representatives have abandoned the point of why we fought the American Revolution and instituted a Constitutional Republic.



posted on Aug, 20 2018 @ 08:32 PM
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a reply to: ThirdEyeofHorus

Did you see my post regarding the annual budget? SNAP is about 1.75 % of the annual 4.xxx Trillion dollar budget. Again mice nuts. Even if trump were to completely remove it, it wouldn’t make a dent in how much he has increased spending.

Keep trying. You can blame this on Obama, Kennedy, Clinton or someone. Fact is everyone is to blame.



posted on Aug, 20 2018 @ 08:33 PM
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a reply to: ThirdEyeofHorus

Also as it relates to ACA...

www.thebalance.com...



posted on Aug, 20 2018 @ 08:37 PM
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originally posted by: andy06shake
a reply to: Southern Guardian

Trumps just the figurehead really, a stupid looking effigy by no mistake, but non the less simply "There" puppet.

It's the bankers, corporations, and military industrial complex that are the real culprits responsible for the socioeconomic crisis and financial meltdown on the horizon.




I thought everyone became so partisan they forgot..



posted on Aug, 20 2018 @ 08:51 PM
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originally posted by: mzinga
a reply to: ThirdEyeofHorus

Did you see my post regarding the annual budget? SNAP is about 1.75 % of the annual 4.xxx Trillion dollar budget. Again mice nuts. Even if trump were to completely remove it, it wouldn’t make a dent in how much he has increased spending.

Keep trying. You can blame this on Obama, Kennedy, Clinton or someone. Fact is everyone is to blame.


Oh right, you didn't address all the other items: ACA, HITECH ACT(which you likely never heard of), general welfare spending, and so on. It's not just Obama, but the ACA was pushed in his term by his fellow Democrats. Only two Republicans voted for it, and they might as well be Democrat anyway.
The Wall is really nothing comparatively. Someone was also saying that the tax cut was deficit spending. The last time I checked, the word "cut" does not mean increase. Democrats always refer to tax cuts as "for the rich" and "corporate welfare", and yet call their welfare spending "investment".

Up is down and inside is out in the Orwellian society.



posted on Aug, 20 2018 @ 09:07 PM
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originally posted by: Bluntone22
People really need to get off the military budget crap.
The military doesnt have enough money to function at the capacity they are being required to preform.

You want less military spending?
Then give them less mission load.


What are they actually doing at the moment?

No-one is even threatening the US. Why are they deployed?



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