Denizen
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- Oct 23, 2018
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- #101
Tell me when the Don adds $10 trillion to the national debt, like Ears did?Hmmmmm. For 3 years liberals have been telling us the current economic boom was Obama's baby. Now, all of a sudden, it's all Trump's fault. Which is it?
The growth is Obama's until the Trump depression hit.
The debt bomb is all Donald Trump's.
If he gets 4 more years he will add far more than Obama did.
Going budget year to budget year (i.e. Oct 1 2009 to Sept 30 2017)
Obama added $2,848,864,083 to the national debt each and every day he was in office.
So far Trump has added $3,630,369,128 to the debt each and every day he has been in office.
Keep in mind that Trump's deficit will continue to grow for the foreseeable future and we will have a recession during the next 4 years, they are inevitable.
Interest will soon exceed the budget deficit which means the debt accumulation will accelerate.
Tell me when the Don adds $10 trillion to the national debt, like Ears did?The growth is Obama's until the Trump depression hit.
The debt bomb is all Donald Trump's.
If he gets 4 more years he will add far more than Obama did.
Going budget year to budget year (i.e. Oct 1 2009 to Sept 30 2017)
Obama added $2,848,864,083 to the national debt each and every day he was in office.
So far Trump has added $3,630,369,128 to the debt each and every day he has been in office.
Keep in mind that Trump's deficit will continue to grow for the foreseeable future and we will have a recession during the next 4 years, they are inevitable.
Interest will soon exceed the budget deficit which means the debt accumulation will accelerate.
The lowering of the interest rates will slow that process.
Just a question-------------> If you do not deficit spend during a military problem, during an economic problem, (like Obama did) or during a health crisis which is affecting everything; when do you deficit spend?
We can have discussions about deficit spending when things are good, and many points I agree with Gator on. But when the stuff hits the fan and extra spending is needed, we can disagree on how it is being spent for sure, but these are the times that tool needs to be used.
In a strong economy, revenue should be rising faster than debt. This is not the case under Trump which demonstrates that Trump has a short term view and doesn't care about the future. He is not a visionary.