It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

Trump's lack of action on the deficit will likely cost American's greatly

page: 2
11
<< 1    3 >>

log in

join
share:

posted on Oct, 14 2019 @ 03:43 AM
link   
This is a near-duplicate of prior ATS Threads over the past 10 years. Simply Replace "Trump" with "Obama". That's the only difference between this one, and those prior.




posted on Oct, 14 2019 @ 03:46 AM
link   
Where are you guys getting your Obama v Trump debt numbers?

Trump is about 3 trillion.

But... Obama is a little closer to 10 trillion, probably.
George W ended it at around 10 tril.
Obama ended it at around 20 tril.

Trump is at about 23 tril.
He honestly isn't doing that bad.

The EPA, anti-fracking, and "Don't drill off our shores" campaigns dampened some of Trumps economic plans.

You really can't blame him for the actions of the special interest committees.

He had a plan.
They broke it.

It's not "his fault".

His plan would have worked fine, if there wasn't all this environmental resistance.
I read the numbers. It worked out. National debt COULD have ended, but America chooses debt over oil production.

The people's choice, not Trump's.



posted on Oct, 14 2019 @ 04:38 AM
link   
a reply to: Gorgonite

So what have Democrats done about deficit spending, since, you know, that's actually the job of Congress. Can you tell me what Pelosi and the House Democrats have done?



posted on Oct, 14 2019 @ 04:45 AM
link   
a reply to: Archivalist

Trump is paying $400 billion a year of interest, so we have to remove that from the added debt amount he has accrued.
Looks to me like it is being leveled off. You people think that looks worse for Trump than Obama?



posted on Oct, 14 2019 @ 07:58 AM
link   

originally posted by: Gorgonite
Remember when Trump promised it would be easy to reduce the deficit? That's ok, neither does he.

But, let's look back at some of his past tweets concerning the deficit.






This is just a random sample of the over 80 Trump tweets in which he criticized his predecessor for his handling of the deficit. Since Trump obviously thought the deficit was a clear issue that was threatening to bankrupt the country, surely he addressed it, right? Well, actually no. Under Trump the deficit has reached levels not seen since the Great Recession.


According to the newest estimate from the Congressional Budget Office (CBO), the U.S. budget deficit hit $984 billion in fiscal year 2019. That amounts to a whopping 4.7% of U.S. gross domestic product — the highest level since 2012.

And it’s not a shortage of money that’s the problem. While the CBO reports that tax revenues were 4% higher in FY 2019 compared to FY 2018, federal outlays increased by 7%.

The fact that this spending binge and deficit pileup is happening during the longest economic expansion in modern U.S. history makes fiscal hawks like Edelman particularly uneasy.

“Imagine what happens if we in fact run into a recession,” he warned. “That means we’re going to face austerity. We’re going to see a combination of tax increases and government cuts in spending.”

The fact that a significant number of Americans have little in savings or liquid financial assets like stocks to fall back on gives Edelman even further cause for concern.

“It could get ugly for a lot of parts of American society,” according to Edelman. “The real question is: to what degree will this matter in the upcoming presidential campaign?


LINK





Every presidents lack of action on the deficit will lead to problems buddy. The Federal Reserves inability to be audited will lead to problems.



posted on Oct, 14 2019 @ 08:09 AM
link   
How about the ridiculous bloated spending bills the Democrats keep creating and pushing are going to implode the deficit and ruin the country.

Trump went to bat for the USA, and shut the govt down because of the spending bill, and he got hammered by it and nothing was accomplished. So next time around he said screw it and just signed what they sent. I don't blame him.

Blaming Trump who's been in office 3 years for a deficit spanning decades is a special kind of stupid.



posted on Oct, 14 2019 @ 08:38 AM
link   
a reply to: Gorgonite

I agree with you that Trump should do a better job at controlling the deficit, but what makes you think that one of the Socialist, Democratic candidates would do any better if elected President?

The Democratic proposals are going to cost us Trillions...universal child care, debt-free college, environmental reform and subsequent economic redistribution, reparations, Medicare-For-All...If anything, our deficit would increase faster and greater than what is happening under Trump's watch. Even a liberal leaning news source brought this issue up last year.


The left's wish list is headlined by a single-payer health care plan in Congress that two nonpartisan studies, one by the liberal-leaning Urban Institute and one by the libertarian-leaning Mercatus Center, each estimate would cost the federal government $32 trillion over 10 years. Supporters argue the plan could reduce overall health care spending by trimming overhead and negotiating lower prices, but it still requires a massive new source of tax revenue.



New proposals on issues like education, jobs, and taxes, all backed by prominent Democrats likely to run for president, add up to trillions more in new spending or tax credits.



Reversing the Republican tax cuts can only pay for so much and Senate Democratic leaders already plan to use $1 trillion for their infrastructure plan.



Democrats are mistaking the unpopularity of the latest Republican tax cuts with a newfound openness to pricier government programs, which will face more scrutiny if control of government shifts.

www.nbcnews.com...
edit on 10/14/2019 by shawmanfromny because: (no reason given)



posted on Oct, 14 2019 @ 09:20 AM
link   

originally posted by: Zanti Misfit
a reply to: Gorgonite

Lets see , Obama Added 8 Trillion to the National Debt , Trump Only a Mere Trillion going on 3 Years . Trump WINS Again !


The debt is increasing about a trillion a year while Trump is president.

While that is Congress's job, he did campaign to address it.



posted on Oct, 14 2019 @ 09:31 AM
link   
I did notice this not too long ago. The Trump administration is spending like Obama did while in a recession. Even with his record-high taxes through tarriffs the deficit is still spiraling out of control.

This is a legitimate concern.



posted on Oct, 14 2019 @ 09:37 AM
link   
a reply to: Gorgonite

I agree.

Trump should shut down the government.



You'd be for that, amirite?



posted on Oct, 14 2019 @ 09:47 AM
link   

originally posted by: Zanti Misfit
a reply to: Gorgonite

Lets see , Obama Added 8 Trillion to the National Debt , Trump Only a Mere Trillion going on 3 Years . Trump WINS Again !


Hmmm, someone isn't very educated.


Donald Trump promised during his campaign that if he won the White House, he would wipe out the national debt in just eight years.

But in his first 2½ years in office, he has gone in the opposite direction.

Trump Friday signed into law a budget bill hammered out with leaders of the Democratic-led House and the Republican-controlled Senate. It was a rare bipartisan agreement but some in the GOP were furious over the increase in spending.

The legislation will add an estimated $1.7 trillion to the national debt over the next decade, according to an analysis by the nonpartisan Committee for a Responsible Federal Budget.

That’s not all: When other bills that Trump has signed are factored in, Trump’s total contribution to the national debt is projected to top $4.1 trillion, the budget watchdog group said.


LINK



posted on Oct, 14 2019 @ 10:11 AM
link   


So next time around he said screw it and just signed what they sent. I don't blame him.
a reply to: jjkenobi

You literally just said it was his fault, and you don't blame him?

Just, uninstall life dude.

Did they put a gun to his head, or is your candidate a COWARD? Does he not have the BALLS to carry out his own policies? The guys a pansy, cowering before the towering greatness of the Democratic party?

Thats not a leader. You should be embarrassed and ashamed.



posted on Oct, 14 2019 @ 12:05 PM
link   

originally posted by: Gorgonite
This is just a random sample of the over 80 Trump tweets in which he criticized his predecessor for his handling of the deficit. Since Trump obviously thought the deficit was a clear issue that was threatening to bankrupt the country, surely he addressed it, right? Well, actually no. Under Trump the deficit has reached levels not seen since the Great Recession.

The only thing Trump got wrong was blaming this on Obama.

The President doesn't set the budget - that is all on Congress.

That said, he had some priorities, the first being to rebuild our military.

I predict his second term will be all about tax cuts focused on individuals and very small businesses, and the deficit, as well as leaning out the military, continuing to bring them all home.

Too bad the debt is there to stay, since it is mathematically impossible to pay off.



posted on Oct, 14 2019 @ 03:20 PM
link   
a reply to: Gorgonite

"the budget watchdog group said."

I get my numbers directly from the national debt clock.

Feel free to continue providing me information from news websites, special interest groups, and "watchdogs".

I will continue to not click your links, and understand Trump's ideal domestic oil policies that can't come to fruition because of resistance by those same types of groups.

Trump has a plan. It would work.

Trump can not enact his plan, because crybabies.



posted on Oct, 14 2019 @ 03:44 PM
link   
Trump's lack of action on the deficit will likely cost American's greatly

Didn't matter when the last prez spent more than ALL those that came before him.

And Congress is too busy trying to stage a coup for Trump to do anything about it.



posted on Oct, 14 2019 @ 06:15 PM
link   

originally posted by: Grimpachi
I did notice this not too long ago. The Trump administration is spending like Obama did while in a recession. Even with his record-high taxes through tarriffs the deficit is still spiraling out of control.

This is a legitimate concern.

Almost half of his deficit is interest on debt he inherited.

I do wish he would do more .. but really that is Congress' job. The best thing Trump can do for the debt is grow the economy. Trump also has to repair our military that was destroyed under Obama. Huge numbers of our aircraft were not even flight worthy.

So when you remove interest and money to fix the military, Trump is actually doing a good job. Rather than attack Trump the Democrats here should be writing letters to their Congress reps demanding they fix this.



posted on Oct, 14 2019 @ 06:17 PM
link   
a reply to: tanstaafl

I agree, but Obama publicly attacked Republicans who wanted fiscal responsibility. So that is on him. Just like Trump personally saw to it that we spent money to rebuild the military.



posted on Oct, 15 2019 @ 03:12 AM
link   
a reply to: Gorgonite

Figures that tax and spend liberals would blame the deficit on Trump...What's Trump got to do with the deficit??? He either passes the spending bill put out by Congress or he doesn't...And if he doesn't pass the bill the gov't will get shut down and the liberals will blame him for THAT...

So what, are you dumb or just dishonest for posting this crap...



posted on Oct, 15 2019 @ 03:17 AM
link   

originally posted by: CriticalStinker

originally posted by: Zanti Misfit
a reply to: Gorgonite

Lets see , Obama Added 8 Trillion to the National Debt , Trump Only a Mere Trillion going on 3 Years . Trump WINS Again !


The debt is increasing about a trillion a year while Trump is president.

While that is Congress's job, he did campaign to address it.


Yes he did campaign on it...While knowing the Democrats will spend us into bankruptcy, Trump figured the Repubs in Congress were being honest when they claimed they wanted to reduce the deficit...But he found out they like to spend our money just like the Democrat do...



posted on Oct, 15 2019 @ 04:37 AM
link   
My question is if this is something liberals actually care about why aren't they demanding their Congressperson act?




top topics



 
11
<< 1    3 >>

log in

join