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originally posted by: Grenade
Ever asked yourself who this “debt” is owed to?
originally posted by: MiddleInsite
Under Clinton, there was a surplus.
originally posted by: jidnum
originally posted by: rickymouse
Well, the national debt increased about seven and a half Trillion under Obama, so under Trump, the rate stayed about the same. But Trump said he was going to reduce it, which he evidently hasn't. It would be hard to reduce a debt like that, the interest on the increase during Obama's rein made it much harder to stop increasing.
Trump can't fathom how much interest is on that debt, I do not care how much anyone tries to reduce it it is going to be hard. The problem is he should not have said he was going to get it down, he had no clue as to how big a problem it is to turn it the other way.
Technically he did....if Obama created 7 1/2 trillion and Trump only 3 tril in 4 years then he is on track to reduce the debt.
originally posted by: buckwhizzle
I wonder if we completely pulled out of the M.E. would that save us a couple of bucks?Or would the MIC just find somewhere else to spend it?
originally posted by: pexx421
He’s given us more debt with less taxes, more expensive stocks for companies that are doing less, more jobs with lower pay, a trade war “victory” with China where he settled for 1/4 of what they were offering him 4 months ago. Way to go.
Posted by Alex Hendrie on Monday, September 30th, 2019, 2:22 PM PERMALINK
Real median household income has grown by $4,144 or 6.8 percent since President Trump took office, according to an op-ed published in the Wall Street Journal.
This data is based on a report released by Sentier Research analyzing the Census Bureau’s monthly Current Population Survey.
As noted in the op-ed, authored by Stephen Moore, real median household income is at an all-time high:
“Real median household income—the amount earned by those in the very middle—hit $65,084 (in 2019 dollars) for the 12 months ending in July. That’s the highest level ever and a gain of $4,144, or 6.8%, since Mr. Trump took office. By comparison, during 7½ years under President Obama—starting from the end of the recession in June 2009 through January 2017—the median household income rose by only about $1,000.”
Now - we are only bringing in about 3.5 trillion in taxes - and it is literally impossible to increase taxes to 10 trillion - you would have all the major tax payors flee the country so fast your head would spin.