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Trump's MASSIVE budget deficits

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posted on Mar, 4 2020 @ 03:07 PM
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originally posted by: kasalt

originally posted by: DBCowboy

originally posted by: kasalt

originally posted by: DBCowboy
a reply to: kasalt

It's Trump's deficit. He owns it.

No argument here.

But who writes the budget that Trump signs?

It's the House of Representatives.


Trump pushed for a 1.5 trillion dollar tax cut for the rich. In other words, he gave a huge tax cut to himself: "Donald Trump’s $1.5 trillion tax cuts have helped billionaires pay a lower rate than the working class for the first time in history. In 2018 the richest 400 families in the US paid an average effective tax rate of 23% while the bottom half of American households paid a rate of 24.2%..." -- www.theguardian.com...


And with that tax cut, revenues actually increased.

So that makes your point invalid.


And with that tax cut, the budget deficit actually increased!

So that makes my point valid.


That's because Congress wrote a budget that over-spent.

Now your solution is Bernie.

Think about that.

You have already admitted that government is irresponsible with our money and over spends.

Your solution is to give an irresponsible government even more money and control in the slim hopes that you get something?

Am I reading that right?




posted on Mar, 4 2020 @ 03:08 PM
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a reply to: DBCowboy

Then why are big player investors getting cold feet right now? And it's not coronavirus related. Buffet made his Berkshire address saying he might not even invest his big fat stack of 128 Billion this year because of corporate greed. The supply side economics aren't 'trickling down' like it's supposed to apparently, not even back into the wallets of the shareholders.



posted on Mar, 4 2020 @ 03:16 PM
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originally posted by: DBCowboy
a reply to: kasalt

It's Trump's deficit. He owns it.

No argument here.

But who writes the budget that Trump signs?

It's the House of Representatives.

Under Clinton in was run by republicans.

Under Trump it is run by Pelosi and AOC.

*shrugs*


No member of congress will ever spend less because they are all meat-twinkies.

But what you can do is elect people that will increase it less than the other guy.

It's about all we have.

Until Giant Meteor visits, or the zombie apocalypse.

Can I vote for the "slow zombies" zombie apocalypse? Those "fast, climby zombies" would suck.



posted on Mar, 4 2020 @ 03:16 PM
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originally posted by: Ksihkehe
Bernie and Joe were there for a very long time. Why didn't Trump, or Obama for that matter, inherit a deficit free country when they started?


It's called the Iraq War.

After Billy's deficit-free budget and surplus, Dubbya lied us into the Iraq war giving Halliburton some amazing no-bid contracts and making the stock in Cheney's golden parachute soar. Not to mention boosting all of the defense contractor holdings by the The Carlyle Group (with private investor members like BinLaden's siblings, and Dubbya's daddy).

A couple decades of endless war later and the deficit is still climbing.
edit on 3/4/20 by redmage because: (no reason given)



posted on Mar, 4 2020 @ 03:18 PM
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a reply to: strongfp

Investors are hesitating because of two things.

One.. The stock market has been on a huge run for the last year and is due for some kind of correction.

Two.. In about two months the products sitting on the docks in china will be felt by manufacturers and retailers.



posted on Mar, 4 2020 @ 03:19 PM
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a reply to: kasalt




he economy under Trump is supposedly better than it was in the 1990s under President Clinton, and yet Clinton was able to not only balance the budget but create a budget surplus, while Trump is running trillion-dollar deficits.


The REPUBLICAN congress led by Newt Gingrich is why Clinton had a surplus. Congress produces the budgets. Remember they forced him to sign welfare reform? Contract with America ring a bell?

THat was the last group of Republicans that cared about budgets...

Both parties will run the country into the ground.



posted on Mar, 4 2020 @ 03:28 PM
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a reply to: IAMTAT

The better question is.

How much did the national debt climb during Obama’s first three years ?










posted on Mar, 4 2020 @ 03:31 PM
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What do you want him to do? Shutdown the government for a budget fight. Funny this question always gets ignored. Takes three branches to make a bill. Did Pelosi seem concerned about the budget while pushing impeachment?



posted on Mar, 4 2020 @ 03:35 PM
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a reply to: kasalt

Do you really believe that ? If Bernie wins he will have a hell of a time getting any of his programs thru the House and Senate . ( in my opinion )



posted on Mar, 4 2020 @ 03:39 PM
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a reply to: kasalt

I just want my cheap insurance plan back, with my $100 dollar deductible and $15 doctor visits. Had it for 12 years used it twice.

Now that I'm closing in on 50 would be nice to have. But Obama took that from me and left me with worthless plans I cant afford.


At least trump got rid of the mandate for now. Could care less about the economy. I'm doing good got my first raise in a few years after trump did the tax breaks.



posted on Mar, 4 2020 @ 03:42 PM
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a reply to: Fallingdown




The better question is.

How much did the national debt climb during Obama’s first three years ?

Obama’s first three years were just after the start of the financial crisis.



posted on Mar, 4 2020 @ 03:44 PM
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originally posted by: strongfp
a reply to: DBCowboy

Then why are big player investors getting cold feet right now? And it's not coronavirus related. Buffet made his Berkshire address saying he might not even invest his big fat stack of 128 Billion this year because of corporate greed. The supply side economics aren't 'trickling down' like it's supposed to apparently, not even back into the wallets of the shareholders.


If you say so.

*shrugs*

I've doing well so don't know what to tell you.



posted on Mar, 4 2020 @ 03:50 PM
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a reply to: Fallingdown

The first 3 years is pretty meaningless, and not an accurate way to measure it.

No new President is accountable for the budget in their first year in office since things are still functioning on the previous President's budget plan. The offset staggering of the 'federal fiscal year' allows a new President time to put together their own budget and economic agenda.

The relevant measure is 'year 2' through '1 year after they leave office'.
edit on 3/4/20 by redmage because: (no reason given)



posted on Mar, 4 2020 @ 03:51 PM
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The House writes the budget, House democrats are in control of taxation and spending right now, If Trump or the senate want to reject the budget their only option is to shut down the government.



posted on Mar, 4 2020 @ 03:56 PM
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Can I ask why "the last guy did it worse" is an intelligent argument for "this guy is doing kinda better but not really" being an acceptable improvement? Is that really what our measuring stick looks like? Because I'm making a list of place that it needs shoved and the entire presidential candidate list has openings.



posted on Mar, 4 2020 @ 04:00 PM
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a reply to: gortex

Obama said the recession ended in 2008 .

Add on Obamacare(1 trillon avg per year) snap benefits and God knows what else he gave away .

Tell me exactly how far did the $700,000,000,000 TARP bail out go?



posted on Mar, 4 2020 @ 04:02 PM
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originally posted by: redmage

originally posted by: Ksihkehe
Bernie and Joe were there for a very long time. Why didn't Trump, or Obama for that matter, inherit a deficit free country when they started?


It's called the Iraq War.

After Billy's deficit-free budget and surplus, Dubbya lied us into the Iraq war giving Halliburton some amazing no-bid contracts and making the stock in Cheney's golden parachute soar. Not to mention boosting all of the defense contractor holdings by the The Carlyle Group (with private investor members like BinLaden's siblings, and Dubbya's daddy).

A couple decades of endless war later and the deficit is still climbing.


I know you're lying because Obama immediately withdrew troops from all our foreign wars, naturally cancelled all private security defense contracts, and closed Guantanamo Bay thus saving us in the face of a financial crisis. After that he held banks accountable for violating the public trust by making it so they could never become dangerously insolvent again and putting people responsible in jail.

Are any of these very accurate and 100% true historical facts ringing a bell?



posted on Mar, 4 2020 @ 04:06 PM
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a reply to: redmage


The first 3 years is pretty meaningless, and not an accurate way to measure it.


“ Pretty meaningless “

Obama got his affordable healthcare act through in 2010 .


The only reason I pointed out the first three years because they weren’t using them as a comparison .

I’ve seen some articles that compare trump’s first three years to Obamas last four .

I just enjoy pointing out fake news .
edit on 4-3-2020 by Fallingdown because: (no reason given)



posted on Mar, 4 2020 @ 04:08 PM
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originally posted by: Ksihkehe
Are any of these very accurate and 100% true historical facts ringing a bell?


Nope, I've got no idea what you're smoking.



posted on Mar, 4 2020 @ 04:09 PM
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originally posted by: Fallingdown
a reply to: gortex

Obama said the recession ended in 2008 .

Add on Obamacare(1 trillon avg per year) snap benefits and God knows what else he gave away .

Tell me exactly how far did the $700,000,000,000 TARP bail out go?


Recession has a specific meaning. The recovery on the other hand can take alot longer.

The TARP program wasn't 700 billion and in the end was paid back, with small profit or loss depending how you ensure it.



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