Deficit Increased by $7B under Trump, But now the GOP tries to claim fiscal Responsibility????

[Lesh]

First of all...interest is not the only obligation the federal government has.'

So what? They don't have to add a penny of debt to pay the interest they owe. Obviously.

By the middle of October the federal government runs out of money.

Not if they only pay interest on the debt.

Your own link explained that to you

This one?

View attachment 547623

Now you want to cut spending by 40%?

That's insane.

 

[Toddsterpatriot]

Again you stupid fucking idiot. Interest is NOT the only obligation that the Federal government has.

Forget your post already?

The debt ceiling doesn't need to increase to pay interest on debt they already borrowed.

Who said it was their only obligation? Are you hearing voices?

 

[Toddsterpatriot]

Now you want to cut spending by 40%?

Might not be a bad idea.

Better than wasting $3.5 trillion on Biden's new spending. Or is it $5 trillion?

 

[Nostra]

What does that even mean?

In a couple weeks we don't have enough money to cover existing obligations.

We have these same arguments and stupid claims every fucking time you jerk offs play chicken with the economy

Wouldn’t the debt ceiling be required to have been raised to cover that last spending?

If not, why does it have to be raised now?

Explain in detail how that works.

 

[Nostra]

Again you stupid fucking idiot. Interest is NOT the only obligation that the Federal government has.

They have a LOT of other obligations. How stupid are you?

Current tax receipts cover all those, Dipshit.

 

[Lesh]

Here's a good description of what the GOP did to our economy back in the early part of the Obama Administration.

Five Myths About the Sequester | Brookings

Thomas Mann and Norman Ornstein argue that our political system was not designed to be efficient, but it wasn’t supposed to be self-destructive, either. They debunk some misconceptions about the sequester and its impact.

www.brookings.edu

And that was over a 2.3% cut to just PART of our spending.

This moron wants to cut it FORTY per cent across the board.

Todd needs to go sit in the corner

 

[Lesh]

Current tax receipts cover all those, Dipshit.

They do not

 

[Lesh]

Wouldn’t the debt ceiling be required to have been raised to cover that last spending?

What "last spending"?

If not, why does it have to be raised now?

To cover EXISTING obligations

 

[Nostra]

They do not

Then why didn’t they have to raise the debt ceiling back then?

Explain in detail.

 

[Lesh]

Idiots. We raise the debt ceiling routinely. It is nothing more than writing the check to pay for debts you already accrued. The time to whine is when we OBLIGATE ourselves...not when it's time to write the check

 

[Nostra]

What "last spending"?

To cover EXISTING obligations

If they were able to spend in the past in excess of the debt ceiling, why can’t they do it now?


Keep digging……

 

[Nostra]

Idiots. We raise the debt ceiling routinely. It is nothing more than writing the check to pay for debts you already accrued. The time to whine is when we OBLIGATE ourselves...not when it's time to write the check

How can they “obligate” us to debt in violation of the debt ceiling?

 

[Lesh]

Then why didn’t they have to raise the debt ceiling back then?

Explain in detail.

Back when? What are you talking about?

They raise the debt ceiling ALL THE FUCKING TIME.

It's routine and you never notice because it's completely unremarkable and unavoidable.

 

[Nostra]

Back when? What are you talking about?

They raise the debt ceiling ALL THE FUCKING TIME.

It's routine and you never notice because it's completely unremarkable and unavoidable.

Cool.Just spend the money and worry about the debt ceiling later, right?

 

[Lesh]

How can they “obligate” us to debt in violation of the debt ceiling?

Because that's how it works stupid.

You sign the contract on the car and write the check later...no?

 

[Lesh]

Cool.Just spend the money and worry about the debt ceiling later, right?

MMMMMM Yes!

You sign the contract and worry about writing the check to pay for it later.

 

[Care4all]

GW Bush inherited a balanced budget and projected surplus..
The GOP Congress spent like CRAZY and completely wasted and squandered that balanced budget. (then they crashed the economy 7 years later)

In 2016, Obama's last year, the US annual deficit was at $587 B a year.
In 2020 the US deficit was projected to be $1.1 T, precovid (it came in at $3T)

Trump and the GOP doubled the yearly budget deficit in just 3 years, AND they never had 3% GDP annually.

Now these trash republican try and claim to be the fiscally responsible ones even though the GOP has destroyed the countries finances. The GOP refuses to do the right thing and fund our government to keep the economy booming under Biden. The GOP has raised the debt ceiling countless times for themselves, but never for anybody else. the GOP is playing games with our economy. The economy is booming and the GOP are jealous because they such at the economy.

This is just another example of the joke and failure of the GOP. The GOP has destroyed our finances, and they won't work with the dems to help our country. The GOP doesn't care about our country at all, they care about the GOP. Party over country. Why else would the GOP spend so recklessly for so long???

Everything posted here is 100% fact, I know you hate it, I know you people are squirming and crying right now, but the truth can be a tough pill for Trumpers to swallow. You hate the truth. You hate my facts. Facts are kryptonite to a Trumper.

Fiscal Data Explains the National Deficit

Check out @FiscalService Fiscal Data’s new national deficit page! #NationalDeficit

datalab.usaspending.gov

FYI
Your title has a typo. It says $7B as in billion, but the debt added under Trump's 4 years is $7TRILLION

 

[Nostra]

Because that's how it works stupid.

You sign the contract on the car and write the check later...no?

Well then, just do it again and avoid the shutdown

 

[Lesh]

You people have no idea how any of this works do you?

And we've had this same "issue" like seven times in the last 15 years.

Christ this is stupid

 

[Lesh]

Well then, just do it again and avoid the shutdown

If the GOP weren't filibustering it...it would be done already