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originally posted by: wheresthebody
a reply to: Southern Guardian
It's complete madness, but so many yanks still love the guy?!
From outside of america, it looks like the country has gone full tilt idiocracy.
originally posted by: wheresthebody
a reply to: Scepticaldem
This guy was given some cash but he didnt blow it on blow and he is a self made billionaire.
given some cash - - - self made
pure double think
originally posted by: Southern Guardian
Trump said he wouldn’t cut Medicaid, Social Security, and Medicare. His 2020 budget cuts all 3.
Of the world's major economic powers, the United States has the highest national debt at 108.02% of its GDP. China, the world's second-largest economy and home to the world's largest population (1,415,045,928), has a national debt ratio of just 51.21% of its GDP.
originally posted by: AmericasDoomed
a reply to: UKTruth
So instead of just agreeing this isn't a good thing and perhaps talking about the problem, you bring up past events that have nothing to do with this and turn it into an "us vs them" situation, while saying "well, so-and-so did it worse this many years ago!!!". If you let undesirable results set your standards, you will never go anywhere. The article is not about who got debt so many years ago. It is about the current state of the country and its not on the right track, even by the standard Trump set himself.
originally posted by: Wardaddy454
originally posted by: knoxie
a reply to: Wardaddy454
you still think it was just a million.. that's cute. it was WAY more than that, possibly 300 million. lol
he lied to you about that, too, but you won't care.
And you are a man, and you've been lying to us all.
Proof dear. Know what that is? Lets see it. Or are you still waiting for Mueller to provide it.
originally posted by: DoubleDNH
originally posted by: Wardaddy454
originally posted by: knoxie
a reply to: Wardaddy454
you still think it was just a million.. that's cute. it was WAY more than that, possibly 300 million. lol
he lied to you about that, too, but you won't care.
And you are a man, and you've been lying to us all.
Proof dear. Know what that is? Lets see it. Or are you still waiting for Mueller to provide it.
The lie that Donald Trump has only received 1 million from his father is exactly that, a lie.
Here is a good article on the matter... it both agrees and disagrees with parts of the NYT article on the matter.
Link
hat’s a pretty deceptive post UK. The national debt clocked at $6 trillion when bush left and $12.8 trillion when Obama left.
I mean Amazon didn't pay a single cent in federal taxes on $11.2 billion worth of profits last year alone.
For 2018, it reported owing $322 million in taxes to US state governments and another $563 million in the rest of the world.
Under a separate accounting category, Amazon reported "cash taxes paid" -- or the amount of funds actually paid in taxes -- of $1.2 billion last year and $957 million in 2017. But these numbers are not broken down geographically, so it is not possible to know which government received the cash.
originally posted by: strongfp
Trump was born into wealth, which was A HUGE factor in his overall success. If you deny that, you live in fantasy land.
originally posted by: fleabit
The OP was about Trump's promise to eradicate national debt, and how he is managing the complete opposite.
originally posted by: Southern Guardian
a reply to: UKTruth
That’s a pretty deceptive post UK. The national debt clocked at $6 trillion when bush left and $12.8 trillion when Obama left. It’s a substantial increase but when we look at the numbers it pales in comparison to Trumps forecasted increase of $10+ trillion. Context is key here but I trust you already know that UK. I also trust you’re aware the GOP has held control of Congress 9 out of the last 10 years. You know? Congress? The national purse?
originally posted by: tanstaafl
Anyone who has studied this knows that the red herring in the room is, the only - I repeat - the only way that anything can ever be done about the debt is to cut welfare/entitlements - yes, that means the Socialists precious Social(ist) (In)Security, Medicare, Medicaid, etc etc... which is why no one has ever done anything about it. There are too many people dependent on those freebies.
originally posted by: Whodathunkdatcheese
Let's start with the idea of a deficit. A deficit is not in itself a bad thing, in the same way that debt is not a bad thing for a business.
In fact, public debt is essential for our post industrial western economies. I'm not saying that's a good thing or a bad thing. It just is.
Obama took over while the dust was settling from the worst economic crisis ever. All the countries that have successfully got over the 2008 meshuggenah borrowed to grow. Countries that tried to cut their way out of it, like the UK, are still limping along.
"Anyone who has studied this" knows that governments right, left and centre have stimulated their economies by borrowing and spending.
Let's leave taxation aside, whole different issue, although again not what it would seem.
Economies that merely borrow without investing in real growth do little but inflate and then, at best, collapse.
There is another reason why cutting welfare is a bad idea.
I got this from a seriously high level analyst while preparing my own Brexit-proofing - governments won't hurt the very rich but there is only so much they can hurt the poorest 25%. They not only work in the engine room of any economy but they require a balancing act: they need to be kept hungry enough to keep trying but no so hungry that it generates unease and unrest.
Healthcare is another issue, more moral than economic.
Trump inherited a fairly robust economy so there was no good reason to increase borrowing.
His spending plans are political, not economic. He has increased borrowing without investing in growth. Instead, he has passed money to - and reduced regulation on - the same people who gave us the crisis of 2008. That includes the people running the insurance companies that run US healthcare.
In short, nobody has ever done anything about it because its a damn stupid idea on every level.