PeterS

This was one of Trump's promise's when he was campaigning and since becoming elected debt under Trump has risen by 2 trillion dollars and is expected by the CBO to increase by a trillion a year throughout his term. In fact, debt is the only thing that Trump has managed to build during the entirety of his presidency. Tax cuts do not pay for themselves. Under Reagan, we had run away debt for over 12 years and we hadn't even begun to absorb the Bush tax cut when Trump cut taxes again leading us to another period of runaway debt. Don't you conservatives think that we should at least balance our budget before plunging into another period of debt?

We are approaching a time where we will spend more on interest payment on debt then we do on the military and that's fully because we've cut taxes without thinking about the ramifications.

https://www.nytimes.com/2018/09/25/business/economy/us-government-debt-interest.html

tommsteyer

well canceling cars trains and planes and providing all the ups and extras in the Green New Deal will wrap up all the money problems right?

Common_Sense_Matters

Soure: https://www.thebalance.com/deficit-by-president-what-budget-deficits-hide-3306151


The worst part is that Obama had 8 years to build that deficit increase and was fighting a worsening recession, what is Trump's excuse?

PeterS

That conservatives do care...

Weasel Loc: In the Great State Of Indiana!!

Me thinks you forget how much Obama increased our debt during his term.

PeterS

Spending under Obama only increased by $500 billion dollars over the full of his 8 years. That means in debt that incurred was due to the recession and Bush Tax cut--neither of which Obama had anything to do with.

eden

Question: What happened to all the squawking pearl clutching deficit hawks when Obama was Prez?

Answer: They are all roosting in a tree hiding from the light.

Weasel Loc: In the Great State Of Indiana!!

OMG! THE Bill that the Democrat Congress has put on the desk for Mr, Trump to sign is 1,100 pages long, and $330 Billion Dollars
Let's forget about the wall for a moment and take a good look at what is really going on here
$9.3 Billion Dollars for the EPA!
Come on man! Where is the responsibility on the Corporations for their pollution of our waterways?

Kevyn

Shocking! The illustrious Pumpkinfuhrer told a lie.

Weasel Loc: In the Great State Of Indiana!!

Our National Debt under Obama was increased by $9.5 TRILLION DOLLARS
It was $10.7 Trillion when Obama took office.
So you will have to do better than that to Put this on the plate of Mr. Trump, you crazy bas#*@!
MAGA BABY, MAGA TRUMP

Bad Bob Loc: Virginia

lpnmajor Loc: Arkansas

There is a method to the madness; enact massive deficits - blame the poor, elderly and sick - wait for the Presidency to switch back to the other party - and campaign on the fact that they didn't fix it within 3 years. People's memories don't extend beyond the 2 year mark.

Common_Sense_Matters

Incorrect, Obama increased the debt by $8,588 Trillion and that was in 8 years, Trump has already raised the national debt by $5.683 Trillion in just his first two years. Trump is on track to increase the national debt by $8.3 trillion in just his first term.

First 2 years source: https://www.thebalance.com/deficit-by-president-what-budget-deficits-hide-3306151

First term source: https://www.thebalance.com/trump-plans-to-reduce-national-debt-4114401

In 2016, a conservative website, https://www.nationalreview.com, had a much rosier view predicted for 2026 than what it appears will be the case as things sit currently. They predicted the national debt would be likely to reach $29 trillion by 2026, an increase of ONLY around $10 Trillion. With Trump having ALREADY added $5.683 Trillion in just his first two years, that figure looks far short of what we can expect by 2026.

Rosy prediction source: https://www.nationalreview.com/2016/05/trump-national-debt/ (to be fair, this prediction was made May 11, 2016 8:00 AM, that was before Trump even took office)


http://fortune.com also had a rosy prediction, in my opinion, in 2018 with a prediction of $33 trillion by 2028 (roughly a $14 Trillion increase). This prediction came about on March 15, 2018.

Another rosy prediction source: http://fortune.com/2018/03/15/us-national-debt-trump-tax-cuts/

https://www.newsweek.com in their article https://www.newsweek.com/us-national-debt-adds-1-trillion-six-months-surpassing-21-trillion-mark-855946 didn't seem to have any better news for us either.

Notice that I am avoiding posting from CBS, CNBC, Washington Post and Snopes as Trump supporters refuse to acknowledge anything they have to say without even looking to what they do actually say.

Financial media is typically as least biased as you can get and that is what Fortune, The Balance and Newsweek are, The National Review is a conservative Republican publication so I felt free to post what they had to say.

Of course all but the information from https://www.thebalance.com is out of date as they were articles posted on the dates they were posted, The Balance is updated somewhat frequently with more recent and relevant information.

@Weasel, if you should think my findings to be too pessimistic or believe them to be inaccurate, please feel free to provide sources that you think are more accurate.

Morgan

Yes, what is the end game here? Is it to get people to such a suppressed state they will become submissive to the government, which by then will be what, as the f*****t move forward to two extreme social classes once again and work towards tearing down our democracy and taking it out of the hands of the people.