National Debt Increased by $3 Trillion During Donald Trump's Three Years as President

originally posted by: Grenade
Ever asked yourself who this “debt” is owed to?

Mostly ourselves.

His lack of concern re: deficit spending is my biggest complaint against Trump. But what can you do? It’s either vote for Trump, or a dem who wants to implement even more government programs and entitlements.

originally posted by: MiddleInsite
Under Clinton, there was a surplus.

Male Cow Feces. Clinton started all of this in the first place. Clinton took funds in dedicated accounts and dumped them into the General Fund, giving the illusion of a surplus and then spent it. Now the Things that the dedicated funds were for are coming due, so the money has to come out of the General Fund, adding to the Debt.

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.

That is true, because the extra interest from debt that Obama made is added on to the beginning balance. But, we need to actually start reducing our debt. It is like a credit card where your minimum payment does not even cover the interest so the amount goes up.

a reply to: gladtobehere

Trump budget proposals $4.8 trillion over the next 10 years
www.abovetopsecret.com...

So you must be pretty happy with Trump, right?

a reply to: gladtobehere

Trump saying he would eliminate the national debt was a completely ignorant and stupid statement. Anybody that believed he could do that in eight years knew absolutely nothing about the federal budget.

I get a kick out of Trump haters coming here and criticizing Trump for increasing the deficit - at the same time they are for universal healthcare.

You want to talk about increasing the deficit - Universal healthcare is estimated to increase federal spending from 4.5 trillion a year to 10 trillion a year.

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.

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: 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?

No - it would make almost no difference.

The entire military budget is around 800 billion. That means all salaries, all equipment, all munitions, all supplies for all 150 countries we have bases in. Our spending in the middle east at this point is relatively miniscule - probably less than 20 billion.

Whereas almost half our budget currently is spent on healthcare spending - medicare/medicaid. It is also the thing that is the fastest increasing segment of our budget because health care costs are out of control. Just to let you know - per capita US healthcare spending is almost double every other advanced nation.

Bottom line - the budget CANNOT be fixed without health care cost containment.

A good economy is not what Trump inherited as president but what he did inherit was the debt that his predecessors had passed and spent in the two decades before he was in office.

There are things on the book that cannot simply be removed and there are other things that Trump has actually fought to get rid of but those in elected office keep pushing.

Where to start? Foriegn Aid. You know, the thing he was impeached for. His 2021 budget includes cut of almost 12 billion in Foriegn Aid. Then, when it happens, the media and the resistors will say so what it is such a small amount but...you have to start somewhere. IN fact from what I have read his budget is 7-10% less than previous years even.

He has also fired and removed 1000's from the Federal Payrolls for jobs that were not needed including those in his own staff and WH.

We brought in record taxes this year but STILL cannot pay down what those who have come before have spent. With the state of the current economy it could be balanced in 10 years but Trump only has 5 left. If someone else comes into office without his vision it will shoot back up again.

The house proposes the budget. House is controlled by Dems.

Trump fought the budget his first time. Fought it hard. Shut down the govt. The media went absolutely nuts. Nothing happened. It's a lose-lose situation.

Thanks again Dems.

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.

Care to actually give evidence for all these claims?... After all, you are the sort of person whom has been believng the "HE COLLUDED WITH RUSSIA" meanwhile the Clintons got millions from a Russian bank with links to the Kremlin...

BTW, things you forgot include... He has made it possible for the lowest unemployment in decades, including minorities. He made it possible that more people, including minorities, have jobs. Millions of people don't need to resort to food stamps because of President Trump. The economy has remained strong despite the fact that economists were claiming, before he was elected, that it didn't matter whom would be POTUS because they would not be able to better the economy... Heck Obama claimed that Trump would not be able to bring jobs back to the U.S., and Obama lied...

BTW, despite your LIE in fact Americans are getting paid more, not less... You shouldn't be lying in these forums...you will get caught really fast.

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.”
...

Thanks to Trump, Median Household Income at Highest Level Ever

Household Income Trends July2019

a reply to: proximo

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.

Where will they go?

Everyone is mistaking market accommodation for growth!

Ever hear of "helicopter money"?

Considering all conspiracies I can think of, I would have to ask, 'Why, if the deep state is connected to the central banking cabal, would a person who claims to be going after the deep state be allowed to benefit from the deep states monetary policies?

Why haven't they pulled the rug from underneath President Trump by imploding the economy?

It's going to happen more than likely anyways on his shift, so is it a timing thing?

Haven't quite siphoned the amount of real wealth from the world you want yet???

To say nothing is going snap within the next ten years is beyond idiotic.

a reply to: gladtobehere

President Barack Obama's administration racked up nearly as much debt in eight years than in the entire 232-year history of the country before he took office. He entered with $10.6 trillion in total debt and left with the country owing $19.9 trillion. That's an average tab of $1.16 trillion a year.

It's impossible to keep debt down when you keep upgrading the military, providing aid to other cointries, proxy wars, medical cair subsidaries, and pork barrel spending in general. Campaign promises should be taken with a grain of salt..I was really hoping pres obama would have removed the lobbyists from the hill per his campaign promise but when you have politicians family members as lobbyists it would seem impossible. I get your point as republicans are allegedly more tight with the wallet..