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Trump adds 41% to Federal Debt

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posted on Sep, 18 2018 @ 12:58 PM
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originally posted by: OtherSideOfTheCoin
Are we sure this is accurate....

I only ask because adding on 41% seems absolutely massive, how has this happened.


Yea, I'm not seeing this add up based off of the article, as pointed out by Dasman888.

I'm not thrilled with it rising at all, but it doesn't look as bleak as 41%.




posted on Sep, 18 2018 @ 12:59 PM
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The US debt has hardly risen since 2016. It was 107.2% of GDP in 2016, and now it is 108% of GDP. For comparison, it was 87% of GDP in 2009.

IMF Data Mapper
edit on 18-9-2018 by NiNjABackflip because: (no reason given)



posted on Sep, 18 2018 @ 12:59 PM
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a reply to: soberbacchus

I think that all of the fiscally conservative people are starting to find a home in the Libertarian movement.

Obama set records every year, as did Bush before him, if we're just going by the actual amount of debt. But as you'll notice in this chart taken from Wiki, the only time that there was a decline in total debt was with Clinton, when Gingrich and the Republican-held congress forced Clinton's hand into compromising and balancing the budget. I give both sides credit in that regard.


Both the Dems and Repubs embrace over-spending, as long as it's on what they think our tax dollars "need" to go toward (which includes special interests and cronyism).

But what one must consider is the percentage of GDP that the numerical value of the debt represents, and as you'll notice in that graph, both Bushes were responsible for the worst changes in debt-to-GDP ratios, and then Obama took that mantle and ran with it. All other presidencies saw an overall decrease in that percentage, even though the debt number continued to climb.

Don't get me wrong--I know that a nation in as much debt as us is a bad thing, no matter the health of our GDP, but as is noted in the following graphic from the same Wiki page (it's just a nice, consolidated source), Obama increased the GDP-to-debt ratio by 100% in just his first term (that table doesn't have the stats for his second term). I'm highly speculative that, even though the total Gross Debt number is increasing under Trump that it is even close to such an increase in the percentage of GDP.


All I'm saying is that this is par for the course, but not as bad as what we have seen under a couple of other presidents in relatively recent times, and projections are proven wrong constantly. But as for your question, I think that there are plenty of fiscally responsible conservatives, just not in publicly held office.



posted on Sep, 18 2018 @ 01:15 PM
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Forget the debt..... that's not actually important.

What is important is the deficit. Anyone got figures I how trumps performed with this?

As long as the deficit minimal or better yet in surplus the debts not a issue.

The issue is if the deficit keeps growing.



posted on Sep, 18 2018 @ 01:38 PM
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Firstly, your source has incorrect numbers.
Secondly, please check your maths.
When you get the basics right, i might pop back to read further.



posted on Sep, 18 2018 @ 01:40 PM
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a reply to: DIEGLOKE2

That is going up too.

www.bloomberg.com...


It will be interesting with all those open jobs allegedly out there.



posted on Sep, 18 2018 @ 01:57 PM
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a reply to: soberbacchus

He isn't adding debt, AKA spending money.

He reduced the amount of money going into the Treasury by cutting taxes across the board.

The only solution is spending less money. We require a balanced budget amendment, prohibiting government from spending a fraction of a cent more than the physical money in their possession.

Guess that is a pretty bad day for freeloaders, huh? Like they say, there is no such thing as a free lunch. Time to stop pretending otherwise.



posted on Sep, 18 2018 @ 02:00 PM
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originally posted by: theantediluvian
a reply to: notsure1

So you're claiming that all those years of right-wingers flipping their # over the national debt was nothing but fake partisan outrage?


So are you claiming it wasnt? And now this is real?

LOL



posted on Sep, 18 2018 @ 02:50 PM
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a reply to: soberbacchus

Donald Trump‘s deficit “projected”

Barack Obama’s deficit “fact”

See the difference ?



posted on Sep, 18 2018 @ 03:37 PM
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Any lib got a free second to check my math?
$1.119
+$1.198
+$1.225
+$1.233
----------
=$8.282



posted on Sep, 18 2018 @ 03:41 PM
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originally posted by: JBurns
a reply to: soberbacchus

He isn't adding debt, AKA spending money.



Holy crap.

Where to start with that statement? The Federal Government spent 4 Trillion Dollars in 2017.

As far as 2018 Trump requested a budget that would spend another 4 Trillion and add 804 Billion to the deficit:
Total expenditures: $4.094 trillion (requested)
Total revenue: $3.654 trillion (estimated)
Deficit: $804 billion (requested)
Submitted: March 16, 2017
Submitted by: Donald Trump
Submitted to: 115th Congress

What is your definition of spending when you say Trump isn't spending?



posted on Sep, 18 2018 @ 03:45 PM
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originally posted by: Vector99
Any lib got a free second to check my math?
$1.119
+$1.198
+$1.225
+$1.233
----------
=$8.282


Is there a reason you are repeating the OPs (accurate) math?





Donald Trump: As projected in the FY 2019 budget, Trump plans to add $8.282 trillion, a 41-percent increase from the $20.245 trillion debt at the end of Obama's last budget for FY 2017.

He will add almost as much in four years as Obama did in eight.

That would also make him the second-biggest contributor to the debt in history in just one term.


•FY 2021 - $1.119 trillion.
•FY 2020 - $1.198 trillion.
•FY 2019 - $1.225 trillion.
•FY 2018 - $1.233 trillion.


www.thebalance.com...



posted on Sep, 18 2018 @ 03:48 PM
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originally posted by: UKTruth
Firstly, your source has incorrect numbers.
Secondly, please check your maths.
When you get the basics right, i might pop back to read further.


Firstly, my source has correct numbers.
Secondly, it has correct maths.

When you learn addition feel free to pop back any time.



posted on Sep, 18 2018 @ 03:53 PM
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originally posted by: DIEGLOKE2
Forget the debt..... that's not actually important.


As long as the deficit minimal or better yet in surplus the debts not a issue.

The issue is if the deficit keeps growing.


You mean this annual deficit?

Trump's Federal Budget Deficit: $1 Trillion And Beyond
www.forbes.com...



posted on Sep, 18 2018 @ 04:49 PM
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a reply to: soberbacchus

I don't think that website knows how to do simple math to be honest, here's an example

During the 2016 presidential campaign, Republican candidate Donald Trump promised he would eliminate the nation’s debt in eight years. Instead, his budgets would add $8.3 trillion in four years. It would increase the U.S. debt to $25 trillion.

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So they say by the end of his first term debt with be $25trillion. When he took office debt was at $20trillion.

So somehow apparently 25-20 = 8 right?



posted on Sep, 18 2018 @ 04:54 PM
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originally posted by: soberbacchus
He will add almost as much in four years as Obama did in eight.


Ok, but Trump accomplished more in two years than Barry did in eight, so he's four times more effective as President.

A President who spends twice as much, but is four times more effective is actually twice as efficient.

Proof that Trump is twice as good as Obama.

You can't argue with math.



posted on Sep, 18 2018 @ 05:49 PM
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originally posted by: soberbacchus

originally posted by: Vector99
Any lib got a free second to check my math?
$1.119
+$1.198
+$1.225
+$1.233
----------
=$8.282


Is there a reason you are repeating the OPs (accurate) math?





Donald Trump: As projected in the FY 2019 budget, Trump plans to add $8.282 trillion, a 41-percent increase from the $20.245 trillion debt at the end of Obama's last budget for FY 2017.

He will add almost as much in four years as Obama did in eight.

That would also make him the second-biggest contributor to the debt in history in just one term.


•FY 2021 - $1.119 trillion.
•FY 2020 - $1.198 trillion.
•FY 2019 - $1.225 trillion.
•FY 2018 - $1.233 trillion.


www.thebalance.com...




1.119 + 1.198 + 1.225 + 1.223 = 4.775....where is 8.282 ???....just add up the less than 1T amounts........119 + .198 + .225 +.233 = .775 + the 4T= $4.775 trillion



posted on Sep, 18 2018 @ 06:45 PM
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a reply to: underwerks

Lol....Exactly, I get the same feeling.

Or they are already setup somewhere else like Europa.

All the missing money stuff would make more sense



posted on Sep, 18 2018 @ 06:47 PM
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Trump should really push Congress to SLASH government spending. Cut the military and all entitlement spending. Eliminate redundant departments and totally reign in the size and scope of the government. Just like a business spending has to managed in relationship to income. Don't you agree SoberBacchus?
edit on 18-9-2018 by MRinder because: Grammer



posted on Sep, 18 2018 @ 08:33 PM
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Doesn't matter , most repucks would find a way to justify it.



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