2aguy
Diamond Member
- Jul 19, 2014
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If they were truly against deficits they would be protesting now. Increasing deficits during a strong economy as bad as it gets.White "conservatives" were all enraged because Obama started his administration by spending big bucks. A move that saved the economy. They claimed their movement was not about race even as we saw all manner of racist signs and sentiment. The opposition was said to be about spending by Obama.
Trump goes silent on national debt while racking up $1 trillion in 14 months
President Trump has now amassed his first $1 trillion in debt, crossing that ignominious mark late last week — and analysts said it’s just a taste of what’s to come after the tax-cuts and spending spree of recent months.
Indeed, his next $1 trillion could come within a year, and one analyst said he could soon be staring at $3 trillion annual deficits if things go particularly badly in interest rates.
It’s a major reversal for a president who during the campaign had said given eight years he could eliminate the debt entirely, but is instead looking at setting records for red ink.
Trump goes silent on national debt while racking up $1 trillion in 14 months
The US national debt just pushed past $22 trillion — here's how Trump's $2 trillion in debt compares with Obama, Bush, and Clinton
The US national debt passed $22 trillion on February 11, the first time the federal debt had breached that threshold.
The landmark came just over two years after President Donald Trump, who once promised to eliminate the federal debt in eight years, took over the Oval Office.
The US Treasury has been tracking day-by-day debt accumulation since the start of 1993, meaning daily debt figures are available for the presidencies of Bill Clinton, George W. Bush, Barack Obama, and Trump.
In raw terms, Trump added the second-most debt of any recent president. According to the Treasury data, the US added $2.07 trillion — $2,065,536,336,472.90 to be exact — in new debt between Trump's inauguration on January 20, 2017, and February 11, when the country pushed past $22 trillion. (The US added another $2.8 billion through February 15, the latest daily figures available.)
That is less than the $3.46 trillion added between Obama's inauguration in January 2009 and February 11, 2011, but it is more than the $676 billion added under Bush and the $617 billion added under Clinton in their first 752 days as president.
One important difference between Trump's debt figures and Obama's is that Trump has added a massive amount of debt while the US economy has been strong, whereas Obama took over during the depths of the financial crisis.
Economists typically recommend that the federal government increase spending, and thus add more debt, during times of economic struggles and then pay down that debt when the economy recovers. So while economic theory would support Obama's spending to help support the economy, Trump's recent debt binge has less support among economists.
The US national debt just pushed past $22 trillion — here's how Trump's $2 trillion in debt compares with Obama, Bush, and Clinton
Possible Budget Deal Will Add $2 Trillion to the National Debt
In a statement, the CRFB said the budget deal "may be the worst in history," given the country's current precarious fiscal condition.
"Members of Congress should cancel their summer recess and return to the negotiating table for a better deal. If they don't, those who support this deal should hang their heads in total shame as they bolt town," says Maya MacGuineas, president of the CRFB. "This deal would amount to nothing short of fiscal sabotage."
If President Donald Trump signs the deal into law, he will have authorized a 22 percent increase in federal discretionary spending during his first term in office—having signed a March 2018 budget deal that similarly jacked up both domestic and military spending.
Possible Budget Deal Will Add $2 Trillion to the National Debt – Reason.com
So if the tea party was not a racist movement, where are all the protests now? The same people protesting Obamas spending when it was necessary, support and defend Trumps spending now which is not.
Race had nothing to do with it numb nuts....
Tea Party is still there...but it was a choice between Trump and Hilary....hilary, a criminal who used her public office for personal gain, and a desire to destroy the country...that left Trump. We have to put up with the spending, which would have been even worse under hilary, and try to get a conservative in office. Between the two, hilary or Trump there was no choice, we had to pick Trump...
Moron, they are.....Mark Levin, Ben Shapiro, they all railed against these deficits.....we don't like them.....Trump is not a fiscal conservative, but he sure as S**t isn't hilary, the career criminal and America hating witch.......
When we have a real conservative who can beat the democrats we will vote for them.