Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up

[Denizen]

Trump is not interested in the budget deficit and the burgeoning government debt because he won't be in office when it blows up.

The biggest threat to government debt is rising interest rates which could make the debt self-fueling and unstoppable.

Trump ignorance of the government debt is negligence.

Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up

Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up
The president thinks the balancing of the nation’s books is going to, ultimately, be a future president’s problem.
Asawin Suebsaeng,
Lachlan Markay
12.05.18 10:32 AM ET

Since the 2016 presidential campaign, Donald Trump’s aides and advisers have tried to convince him of the importance of tackling the national debt.

Sources close to the president say he has repeatedly shrugged it off, implying that he doesn’t have to worry about the money owed to America’s creditors—currently about $21 trillion—because he won’t be around to shoulder the blame when it becomes even more untenable.

The friction came to a head in early 2017 when senior officials offered Trump charts and graphics laying out the numbers and showing a “hockey stick” spike in the national debt in the not-too-distant future. In response, Trump noted that the data suggested the debt would reach a critical mass only after his possible second term in office.

“Yeah, but I won’t be here,” the president bluntly said, according to a source who was in the room when Trump made this comment during discussions on the debt.
“I never once heard him talk about the debt.”
— Former Senior White House official ...

Neither was Clinton, bush1, bush 2, orObama. Next.

But they weren't experienced multi-bankrupts like Trump. Trump's own existence has been rescued by Russian mob money. Trump would have an address on skid row if he relied on his own financial skill.

 

[McRocket]

'President Trump reportedly shrugged off concerns over the ballooning national debt, telling senior advisers in an early 2017 meeting "Yeah, but I won't be here" when presented with "charts and graphics layout out the numbers and showing a "hockey stick" spike in the national debt" set to occur "in the not too distant future."

The alleged incident from nearly two years ago comes from the Daily Beast - citing "a source who was in the room," which we note is anonymous - the standard operating procedure for most anti-Trump hit pieces. As such, one may want to take the report with copious grains of salt.

Citing another anonymous White House official, the Beast reports that President Trump hasn't addressed the national debt "in a truly meaningful way, despite his public lip service."

"I never once heard him talk about the debt," said the totally anonymous source.'

Trump: "I Won't Be Here" When The Coming Debt Crisis Goes Nuclear


What a selfish piece of shit.

 

[Thinker101]

'President Trump reportedly shrugged off concerns over the ballooning national debt, telling senior advisers in an early 2017 meeting "Yeah, but I won't be here" when presented with "charts and graphics layout out the numbers and showing a "hockey stick" spike in the national debt" set to occur "in the not too distant future."

The alleged incident from nearly two years ago comes from the Daily Beast - citing "a source who was in the room," which we note is anonymous - the standard operating procedure for most anti-Trump hit pieces. As such, one may want to take the report with copious grains of salt.

Citing another anonymous White House official, the Beast reports that President Trump hasn't addressed the national debt "in a truly meaningful way, despite his public lip service."

"I never once heard him talk about the debt," said the totally anonymous source.'

Trump: "I Won't Be Here" When The Coming Debt Crisis Goes Nuclear


What a selfish piece of shit.

Yup, we sure know how Obama felt about the debt.

 

[Auld Phart]

Four Threads Merged

 

[AntonToo]

Anyone trying to pin profligate Federal government spending or the Debt on Trump should be shot. He has NOTHING to do with it.

If would be shooting people for just being dumb you'd be long dead.


1.5 trillion dollars over 10 years and a failure to even show a hint of care about our longer terms defict problems IS on Trump.

Just look at this shameless idiot talking about this before he got elected:

Bloomberg - Trump Promised to Eliminate National Debt in Eight Years

 

[Dale Smith]

The "debt" is bullshit and simply numbers on a computer screen and is "owed" by USA.INC. If Wal-Mart went bankrupt, would you be partly responsible for that debt as well? USA.INC is nothing but a service providing entity that provides the 19 enumerated duties in a for profit venture per their corporate charter constitution. The Fed never loaned a fucking dime, they extended "credit" based on our labor and ability to pay an unconstitutional income tax.

 

[MarcATL]

Trump only needs one term

And so it begins.

 

[MarcATL]

Read ANY source on the campaign and you can see Trump did NOT like wasting money where it wasn't needed but NOTHING that will cut what needs cut will happen with democrats in the house.

The day after the mid terms:

I am going to tell you exactly what you will do in the future.

Up to now, you tards have willfully blinded yourselves to Trump's ACCELERATING deficits.

Now that the Democrats have won the House, you will start noticing the deficits and blame the Democrats.

Before the mid terms:

When Trump breaks Obama's debt record, the tards will tell us Obama's debt was really $15 trillion.

Count on it.

Right now, they are willfully ignoring just how massive Trump's debts are. But if the Democrats win the House, these same tards will suddenly notice the deficit and will blame the Democrats.

And you can bet the farm on that.

POWERFUL!!!

 

[Lakhota]

Trump said he would eliminate the national debt - instead it has risen significantly in just two years. Many experts are now predicting recession in 2020.

 

[MarcATL]

The "debt" is bullshit and simply numbers on a computer screen and is "owed" by USA.INC. If Wal-Mart went bankrupt, would you be partly responsible for that debt as well? USA.INC is nothing but a service providing entity that provides the 19 enumerated duties in a for profit venture per their corporate charter constitution. The Fed never loaned a fucking dime, they extended "credit" based on our labor and ability to pay an unconstitutional income tax.

This.

#LOLGOP #TooFunny #CLASSIC

 

[Flopper]

Trump only needs one term

Maybe that's good because it's all he's going to get.

 

[Dale Smith]

The "debt" is bullshit and simply numbers on a computer screen and is "owed" by USA.INC. If Wal-Mart went bankrupt, would you be partly responsible for that debt as well? USA.INC is nothing but a service providing entity that provides the 19 enumerated duties in a for profit venture per their corporate charter constitution. The Fed never loaned a fucking dime, they extended "credit" based on our labor and ability to pay an unconstitutional income tax.

This.

#LOLGOP #TooFunny #CLASSIC

I know SOOOOOOO much more than you because I have dedicated the time and effort to have the knowledge that I have attained. You are a commie loving ne'er-do-well that believes that leftard "gubermint" is the answer to all that ails the sheeple.

The fact is, you don't know diddly squat......FACT!

 

[Flopper]

I hope that is so, then we have six more years.

Since no one is interested in addressing the debt, might at least put it to good use. Build that wall and it will at least generate revenue for America for hundreds of years to come.

How the hell can a wall generate revenue?

The wall can save revenue by keeping welfare and medicaid recipients out...as well as foreigners sending money back home instead of spending it here in the US...the wall pays for itself many times over, plus the social benefits of higher wages....

Immigrants around the world sent $445 billion back to their home countries last year

Illegal Aliens: National Net Cost Estimates Vary Widely cost to US per GAO up to $19b/yr

No the wall is not going save a cent. It will cost upward of 25 billion and it will never be completed but that is immaterial.
What is important is that the US has a sufficient number of immigrant workers to supplement the shrinking workforce in the 21st century due to lower birthrates and retirement. If that does not occur, US consumer demand and economic growth are going to shrink making the growing debt unsupportable. By 2035, the US population will reach 340 million and will cease to grow and begin a slow decline. When that happens, US debt will become undesirable and interest rates will rise as government revenue falls. This will trigger the fiscal conservatives doomsday scenario.

 

[Maxdeath]

Trump is not interested in the budget deficit and the burgeoning government debt because he won't be in office when it blows up.

The biggest threat to government debt is rising interest rates which could make the debt self-fueling and unstoppable.

Trump ignorance of the government debt is negligence.

Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up

Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up
The president thinks the balancing of the nation’s books is going to, ultimately, be a future president’s problem.
Asawin Suebsaeng,
Lachlan Markay
12.05.18 10:32 AM ET

Since the 2016 presidential campaign, Donald Trump’s aides and advisers have tried to convince him of the importance of tackling the national debt.

Sources close to the president say he has repeatedly shrugged it off, implying that he doesn’t have to worry about the money owed to America’s creditors—currently about $21 trillion—because he won’t be around to shoulder the blame when it becomes even more untenable.

The friction came to a head in early 2017 when senior officials offered Trump charts and graphics laying out the numbers and showing a “hockey stick” spike in the national debt in the not-too-distant future. In response, Trump noted that the data suggested the debt would reach a critical mass only after his possible second term in office.

“Yeah, but I won’t be here,” the president bluntly said, according to a source who was in the room when Trump made this comment during discussions on the debt.
“I never once heard him talk about the debt.”
— Former Senior White House official ...

He is completely correct.

Let's go back to FDR who had four terms, how much of his debt did he pay off?
Clinton who came closest to balancing a budget, how much did he pay down?
44 paid down how much?

For one moment let us consider something. If for the next six years we spent no more money to pay government employees, no money on the military, no money on welfare. If we spent every cent collected by taxes on paying down the debt we would still be in debt.

It is easy to talk about reducing the debt it is another thing entirely to reduce it. Some want more welfare, others want less. Some want more infrastructure spending, others want more spent on green energy. No one wants to make the real cuts to reduce spending. When ever there is talk of reducing benefits on anything there is a general outcry about how heartless it is.

 

[Flopper]

The "debt" is bullshit and simply numbers on a computer screen and is "owed" by USA.INC. If Wal-Mart went bankrupt, would you be partly responsible for that debt as well? USA.INC is nothing but a service providing entity that provides the 19 enumerated duties in a for profit venture per their corporate charter constitution. The Fed never loaned a fucking dime, they extended "credit" based on our labor and ability to pay an unconstitutional income tax.

Our ability to market our debt to the world depends on our economic future grow. As long as America continues to grow we will be able to peddle treasury bills to the world. However, when US population growth and our workforce begins to flatten, investors are going start demanding higher interest rates.

 

[Dale Smith]

Trump is not interested in the budget deficit and the burgeoning government debt because he won't be in office when it blows up.

The biggest threat to government debt is rising interest rates which could make the debt self-fueling and unstoppable.

Trump ignorance of the government debt is negligence.

Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up

Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up
The president thinks the balancing of the nation’s books is going to, ultimately, be a future president’s problem.
Asawin Suebsaeng,
Lachlan Markay
12.05.18 10:32 AM ET

Since the 2016 presidential campaign, Donald Trump’s aides and advisers have tried to convince him of the importance of tackling the national debt.

Sources close to the president say he has repeatedly shrugged it off, implying that he doesn’t have to worry about the money owed to America’s creditors—currently about $21 trillion—because he won’t be around to shoulder the blame when it becomes even more untenable.

The friction came to a head in early 2017 when senior officials offered Trump charts and graphics laying out the numbers and showing a “hockey stick” spike in the national debt in the not-too-distant future. In response, Trump noted that the data suggested the debt would reach a critical mass only after his possible second term in office.

“Yeah, but I won’t be here,” the president bluntly said, according to a source who was in the room when Trump made this comment during discussions on the debt.
“I never once heard him talk about the debt.”
— Former Senior White House official ...

He is completely correct.

Let's go back to FDR who had four terms, how much of his debt did he pay off?
Clinton who came closest to balancing a budget, how much did he pay down?
44 paid down how much?

For one moment let us consider something. If for the next six years we spent no more money to pay government employees, no money on the military, no money on welfare. If we spent every cent collected by taxes on paying down the debt we would still be in debt.

It is easy to talk about reducing the debt it is another thing entirely to reduce it. Some want more welfare, others want less. Some want more infrastructure spending, others want more spent on green energy. No one wants to make the real cuts to reduce spending. When ever there is talk of reducing benefits on anything there is a general outcry about how heartless it is.

If every Federal Reserve Note is borrowed into creation, where do you get the FRNs to pay the interest? You can't pull 11 marbles out of a bag that only contains 10. Putin kicked out the Rothschild and friends central bank and their debt is a pittance and isn't accruing due to a high interest rate. Shut down the Fed, audit it and return to an honest monetary system.

 

[CrusaderFrank]

Trump only needs one term

Maybe that's good because it's all he's going to get.

That's all he needs

 

[Dale Smith]

The "debt" is bullshit and simply numbers on a computer screen and is "owed" by USA.INC. If Wal-Mart went bankrupt, would you be partly responsible for that debt as well? USA.INC is nothing but a service providing entity that provides the 19 enumerated duties in a for profit venture per their corporate charter constitution. The Fed never loaned a fucking dime, they extended "credit" based on our labor and ability to pay an unconstitutional income tax.

Our ability to market our debt to the world depends on our economic future grow. As long as America continues to grow we will be able to peddle treasury bills to the world. However, when US population growth and our workforce begins to flatten, investors are going start demanding higher interest rates.

"Treasury Bills" are nothing but fancy looking I.O.U notes. FRNs lose three percent of their purchasing power every year. In order to service the interest on this "debt", the money supply has to be expanded exponentially thus accruing even more debt via interest. What most of the world has is a perpetual debt machine where bankruptcies and foreclosures are built into the system. Like a casino, the "house" always wins.

 

[CrusaderFrank]

Trump is not interested in the budget deficit and the burgeoning government debt because he won't be in office when it blows up.

The biggest threat to government debt is rising interest rates which could make the debt self-fueling and unstoppable.

Trump ignorance of the government debt is negligence.

Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up

Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up
The president thinks the balancing of the nation’s books is going to, ultimately, be a future president’s problem.
Asawin Suebsaeng,
Lachlan Markay
12.05.18 10:32 AM ET

Since the 2016 presidential campaign, Donald Trump’s aides and advisers have tried to convince him of the importance of tackling the national debt.

Sources close to the president say he has repeatedly shrugged it off, implying that he doesn’t have to worry about the money owed to America’s creditors—currently about $21 trillion—because he won’t be around to shoulder the blame when it becomes even more untenable.

The friction came to a head in early 2017 when senior officials offered Trump charts and graphics laying out the numbers and showing a “hockey stick” spike in the national debt in the not-too-distant future. In response, Trump noted that the data suggested the debt would reach a critical mass only after his possible second term in office.

“Yeah, but I won’t be here,” the president bluntly said, according to a source who was in the room when Trump made this comment during discussions on the debt.
“I never once heard him talk about the debt.”
— Former Senior White House official ...

He is completely correct.

Let's go back to FDR who had four terms, how much of his debt did he pay off?
Clinton who came closest to balancing a budget, how much did he pay down?
44 paid down how much?

For one moment let us consider something. If for the next six years we spent no more money to pay government employees, no money on the military, no money on welfare. If we spent every cent collected by taxes on paying down the debt we would still be in debt.

It is easy to talk about reducing the debt it is another thing entirely to reduce it. Some want more welfare, others want less. Some want more infrastructure spending, others want more spent on green energy. No one wants to make the real cuts to reduce spending. When ever there is talk of reducing benefits on anything there is a general outcry about how heartless it is.

If every Federal Reserve Note is borrowed into creation, where do you get the FRNs to pay the interest? You can't pull 11 marbles out of a bag that only contains 10. Putin kicked out the Rothschild and friends central bank and their debt is a pittance and isn't accruing due to a high interest rate. Shut down the Fed, audit it and return to an honest monetary system.

View attachment 233249

Saddam wanted to kick out the bankers
Gadaffi wanted to kick out the bankers
Putin, a nuclear power, kicked out the bankers. That sick mangy dog Hillary has been screaming for war with Russia ever since. The Lord saved us from nuclear war by keeping her away from the White House

 

[Dale Smith]

Trump is not interested in the budget deficit and the burgeoning government debt because he won't be in office when it blows up.

The biggest threat to government debt is rising interest rates which could make the debt self-fueling and unstoppable.

Trump ignorance of the government debt is negligence.

Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up

Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up
The president thinks the balancing of the nation’s books is going to, ultimately, be a future president’s problem.
Asawin Suebsaeng,
Lachlan Markay
12.05.18 10:32 AM ET

Since the 2016 presidential campaign, Donald Trump’s aides and advisers have tried to convince him of the importance of tackling the national debt.

Sources close to the president say he has repeatedly shrugged it off, implying that he doesn’t have to worry about the money owed to America’s creditors—currently about $21 trillion—because he won’t be around to shoulder the blame when it becomes even more untenable.

The friction came to a head in early 2017 when senior officials offered Trump charts and graphics laying out the numbers and showing a “hockey stick” spike in the national debt in the not-too-distant future. In response, Trump noted that the data suggested the debt would reach a critical mass only after his possible second term in office.

“Yeah, but I won’t be here,” the president bluntly said, according to a source who was in the room when Trump made this comment during discussions on the debt.
“I never once heard him talk about the debt.”
— Former Senior White House official ...

He is completely correct.

Let's go back to FDR who had four terms, how much of his debt did he pay off?
Clinton who came closest to balancing a budget, how much did he pay down?
44 paid down how much?

For one moment let us consider something. If for the next six years we spent no more money to pay government employees, no money on the military, no money on welfare. If we spent every cent collected by taxes on paying down the debt we would still be in debt.

It is easy to talk about reducing the debt it is another thing entirely to reduce it. Some want more welfare, others want less. Some want more infrastructure spending, others want more spent on green energy. No one wants to make the real cuts to reduce spending. When ever there is talk of reducing benefits on anything there is a general outcry about how heartless it is.

If every Federal Reserve Note is borrowed into creation, where do you get the FRNs to pay the interest? You can't pull 11 marbles out of a bag that only contains 10. Putin kicked out the Rothschild and friends central bank and their debt is a pittance and isn't accruing due to a high interest rate. Shut down the Fed, audit it and return to an honest monetary system.

View attachment 233249

Saddam wanted to kick out the bankers
Gadaffi wanted to kick out the bankers
Putin, a nuclear power, kicked out the bankers. That sick mangy dog Hillary has been screaming for war with Russia ever since. The Lord saved us from nuclear war by keeping her away from the White House

Neither Syria, Iran or North Korea have a "central bank" either. Putin has flipped the script and has become the bane of the central bankers.