Mac1958
Diamond Member
Not to mention the NY Fed pouring over a TRILLION into short-term lending markets to grease the system. Also stimulative.I have not ignored the deficit spending required to fight the virus. Not only spending but massive reduction in revenue due to business being closed.Running a massive deficit is not a good way to reduce your debtBut Obama cut the deficit in halfNot one word from these clowns when Obama was racking up debt.....
Sorry we knew the deficit was large at the time but the previous administration had a bit of a financial meltdown that Obama had to save...
Obama didn't sugar coat it, it was problem and it had to be fixed and it is going to cost.
For a party that talks about responsibility, you break the Financial system and complain about the bill when somebody else fixes it...
Trump proclaims this to be the best economy ever, why the hell was he borrowing so much money....
Now he hit a pothole and how much will Biden have to borrow to fix this one...
The only real mystery is how GOP are going to blame it on Dems.... I think they might go down negative waves, Dems just give off negative waves which caused Trump make all those mistakes...
Obama during the campaign "raising the national debt is a failure of leadership" Then he doubled it.
Trump is now close to a $2 trillion deficit
Do you understand that deficit and debt are not the same thing. The annual deficit is the difference between income and expenses in any given year. The national debt is the sum of all deficits during a presidential term. The debt was around 10 trillion when obozo took office, it was over 19 trillion when he left. He added more debt by far than any other president.
We shall see what it looks like in 2025 when Trump leaves. But when evaluating Trump one must include the unexpected virus shut down and spending and the rebuilding of the military that obama let fall into disrepair.
Prove otherwise
Trump is running up debt at the highest rate in 75 years.
He has eight months left in his presidency. He is on a pace for a $5 trillion deficit by the end of the year
I agree that running a constant deficit is not good for the country. I said that during Obama's 8 years and you were silent about it then.
You are being disingenuous here when you ignore the unexpected deficit spending required to fight the virus and that the democrats tried to add billions of spending for things that had nothing to do with the virus. WTF do the Kennedy center, NPR, congressional salaries, and planned parenthood have to do with fighting the virus?
We all und
All conservative mythsYes, the deficits soared because of the combination of tax cuts and explosion in spending.
And yet we only ended up with 2.1% GDP growth, with crashing bond yields and manufacturing recession, even with unemployment that low.
I know talk radio doesn't cover that stuff, but it's out there if you'll just look around a bit.
Its quite evident that you get your economic stats from MSNBC. not a real news source.
Did we need to rebuild the military that obama devastated? Did we need the unexpected spending due to the virus?
Obama doubled the debt in relatively good economic times. the verdict on trump is still to be seen.
Our military is stronger than the next eight militaries combined and we spend 42 cents out of every military dollar in the world
How is it “devastated”?
Obama increased the deficit to bring us out of the worst economic collapse in 75 years.
How do you defend Trump raising the deficit over a trillion dollars while bragging about how strong his economy is?
our planes could not fly, our ships could not sail, our Army had no ammunition, We were in terrible condition and would have lost to Russia or China if there had been an armed conflict.
2008 was not an economic collapse or a depression. it was a market correction brought about by bad mortgage policy pushed by democrats and obozo the kenyan. What we are dealing with today due to the virus is much worse and if Trump pulls us out of it and back to a booming economy, he should get the credit.
We had the strongest Air-force in the workd
Strongest Navy in history
Out Army had stockpiles of ammunition.
Saying otherwise is just repeating Trump lies
If Trump is concerned with the readiness of our military, why is he diverting military funding to pay for a wall?
the generals and admirals disagree with you, the average soldier and sailor disagree with you. YOU are lying.
the money for the wall is money that was not being spent by DOD and they offered it. The wall is a key part of our national defense and it works.
please stop with the BS talking points, it really gets tiresome.
What I point out in the OP is that Trump was running record deficits BEFORE the virus hit. All while bragging about a historic economy
But talk radio doesn't cover that, so they don't know. Literally.