NATIONAL DEBT EXPLODES under Trump now threatening programs like SOCIAL SECURITY

[centerleftFL]

The article does not just say MEDICARE. It says SOCIAL SECURITY. He and McConnell and the rich got their tax cuts! That is all that matters, right?

US debt explodes under Trump — threatening vital programs like Social Security

TANA GANEVA
26 JUN 2018 AT 12:34 ET


President Donald Trump is fond of boasting about the economic gains achieved by his administration, even as critics point out that improving economic indicators can be traced back to Obama era policies. The President often brags that his business acumen, applied to America’s economy and world trade, has resulted in wins for the American people.

But as Politico reported Tuesday, the US federal deficit has also soared during his time in office, threatening the future of vital programs like Social Security and Medicare.

According to Congressional Budget Office estimates, in less than two decades the federal deficit will the biggest in history.


“The prospect of large and growing debt poses substantial risks for the nation and presents policymakers with significant challenges,” according to CBO director Keith Hall.


“In CBO’s projections, most of the spending growth for Social Security and Medicare results from the aging of the population. Growth in spending on Medicare and the other major health care programs is also driven by rising health care costs per person,” he said.



https://www.rawstory.com/2018/06/us...ng-vital-programs-like-social-security/soared

 

[Mac1958]

We're told the tax receipts will pay for this.

Tick, tick, tick.

 

[Harpy Eagle]

We're told the tax receipts will pay for this.

Tick, tick, tick.

The growth of tax receipts has been slowed thanks to the tax cuts, which always slow revenue growth.

That is why tax cuts without spending cuts are just one more statist tool to keep control

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[airplanemechanic]

This is the one ugly thing about the economy. Repubs are quick to point out the stock market records, employment records but don't want to talk about how Trump is spending faster than Bush or Obama did.

 

[centerleftFL]

We're told the tax receipts will pay for this.

Tick, tick, tick.

All that NEW wealth we are creating. But the WEALTH-Y are getting the lions share of the new receipts along with a TAX CUT! Win/Win.

 

[Fang]

Obama added 10 trillion. Far more than any other President. Trump isn't even remotely close to that number. Stick with Russian collusion, Stormy Daniels and kicking Republicans out of restaurants.

 

[miketx]

The article does not just say MEDICARE. It says SOCIAL SECURITY. He and McConnell and the rich got their tax cuts! That is all that matters, right?

US debt explodes under Trump — threatening vital programs like Social Security

TANA GANEVA
26 JUN 2018 AT 12:34 ET


President Donald Trump is fond of boasting about the economic gains achieved by his administration, even as critics point out that improving economic indicators can be traced back to Obama era policies. The President often brags that his business acumen, applied to America’s economy and world trade, has resulted in wins for the American people.

But as Politico reported Tuesday, the US federal deficit has also soared during his time in office, threatening the future of vital programs like Social Security and Medicare.

According to Congressional Budget Office estimates, in less than two decades the federal deficit will the biggest in history.


“The prospect of large and growing debt poses substantial risks for the nation and presents policymakers with significant challenges,” according to CBO director Keith Hall.


“In CBO’s projections, most of the spending growth for Social Security and Medicare results from the aging of the population. Growth in spending on Medicare and the other major health care programs is also driven by rising health care costs per person,” he said.



https://www.rawstory.com/2018/06/us...ng-vital-programs-like-social-security/soared

More lying media scum.

 

[task0778]

This feels a lot like Reagan in the early 80s, trying to starve the beast. Cut revenue and the Dems will cut spending to avoid higher dent. Except it didn't work then and it ain't working now; hell, even the Repubs are up for more spending.

One thing is for sure though, SocSec and Medicare/Medicaid are going to have to be reformed sooner or later, only an idiot can't see where this is all headed. And raising taxes just ain't going to cut it, sorry Dems.

 

[Harpy Eagle]

Obama added 10 trillion. Far more than any other President. Trump isn't even remotely close to that number. Stick with Russian collusion, Stormy Daniels and kicking Republicans out of restaurants.

Trump is on track to add 1.3 trillion this FY. At that rate he can almost catch Obama in one term


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[Harpy Eagle]

Obama added 10 trillion. Far more than any other President. Trump isn't even remotely close to that number. Stick with Russian collusion, Stormy Daniels and kicking Republicans out of restaurants.

So, what you are saying is that since Obama added a shit ton that makes it ok for Trump to do so?


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[TNHarley]

Obama added 10 trillion. Far more than any other President. Trump isn't even remotely close to that number. Stick with Russian collusion, Stormy Daniels and kicking Republicans out of restaurants.

A year and a half in, man. Obama had 8 years.

 

[TheOldSchool]

We're told the tax receipts will pay for this.

Tick, tick, tick.

Voodoo

 

[centerleftFL]

This is the one ugly thing about the economy. Repubs are quick to point out the stock market records, employment records but don't want to talk about how Trump is spending faster than Bush or Obama did.

Yep! I knew this was going to happen before the TAX CUTS. Bill Clinton hand off to George W. ring any bells?

 

[Mac1958]

Reaganesque Keynesianism.

Increasing the debt load, passing it on to our kids.

 

[TheOldSchool]

Obama added 10 trillion. Far more than any other President. Trump isn't even remotely close to that number. Stick with Russian collusion, Stormy Daniels and kicking Republicans out of restaurants.

Trump is on his way to surpassing that, despite being handed a strong economy.

 

[airplanemechanic]

He was not handed a strong economy. He was handed a stagnent economy. GDP growth at record slow rates.

However, he has also added 10 trillion dollars in wealth. So to spend 1.3 trillion and get 10 trillion, that's good.

 

[Fang]

Obama added 10 trillion. Far more than any other President. Trump isn't even remotely close to that number. Stick with Russian collusion, Stormy Daniels and kicking Republicans out of restaurants.

Trump is on his way to surpassing that, despite being handed a strong economy.

Obama's debt to GDP ratio rose 38% from 2009 - 2016. Trump's estimated for his first four years is only 3%.

 

[iamwhatiseem]

We're told the tax receipts will pay for this.

Tick, tick, tick.

All that NEW wealth we are creating. But the WEALTH-Y are getting the lions share of the new receipts along with a TAX CUT! Win/Win.

Just sayin....you realize this is precisely what has been happening for over 30 years....right?
This is not new.
In fact, during Obama's Presidency, the wealth gap grew faster are larger than during anytime in American history.

Get a clue.
We are no longer a Democratic Republic, but a Plutocratic Corporatocracy.
It is not Democrat or Republican. It is both.

 

[Aba Incieni]

Obama added 10 trillion. Far more than any other President. Trump isn't even remotely close to that number. Stick with Russian collusion, Stormy Daniels and kicking Republicans out of restaurants.

Trump is on his way to surpassing that, despite being handed a strong economy.

1% GDP 8 year average growth.

 

[boedicca]

The article does not just say MEDICARE. It says SOCIAL SECURITY. He and McConnell and the rich got their tax cuts! That is all that matters, right?

US debt explodes under Trump — threatening vital programs like Social Security

TANA GANEVA
26 JUN 2018 AT 12:34 ET


President Donald Trump is fond of boasting about the economic gains achieved by his administration, even as critics point out that improving economic indicators can be traced back to Obama era policies. The President often brags that his business acumen, applied to America’s economy and world trade, has resulted in wins for the American people.

But as Politico reported Tuesday, the US federal deficit has also soared during his time in office, threatening the future of vital programs like Social Security and Medicare.

According to Congressional Budget Office estimates, in less than two decades the federal deficit will the biggest in history.


“The prospect of large and growing debt poses substantial risks for the nation and presents policymakers with significant challenges,” according to CBO director Keith Hall.


“In CBO’s projections, most of the spending growth for Social Security and Medicare results from the aging of the population. Growth in spending on Medicare and the other major health care programs is also driven by rising health care costs per person,” he said.



https://www.rawstory.com/2018/06/us...ng-vital-programs-like-social-security/soared

You poor useless idiot.

Social Security has been under threat for decades. Just try reading the trustees' reports.

Trustees Reports

The fake lockbox trust fund has been spent by prior Congresses and Prior Administrations. It's full of fake IOUs that require tax increases to cover, despite the fact we have already been taxed in the first place.

This is what is known as a Ponzi Scheme.