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They also posted tables of numbers listing neither source nor methodology but I guess in the Trumplandia realm of alternative facts that's acceptable.
You didn't answer question. Then again, I do believe you also insisted that Hillary was going to win it. This speaks for itself in regards to what your news sources were doing for you.
The reason for the difference in the deficit and debt is creative accounting, any revenue the government takes in is added to the general fund. For example during the Clinton admin they had a huge surplus SS funding. That surplus went into the general fund and spent on things other than SS, SS gets an IOU. The IOU is added to the debt thus the deficit under Clinton was reduced and the debt continued to climb.
The first chart shows the debt from 2/1/2016 to 2/23/2017, and in it you can see that the debt RISES and FALLS weekly, but the general trend is UP. Trump's actions have very little to nothing to do with it thus far, this is just the continuing trend.
In fact, if you look at the second chart - which only shows this year, you can see that that little dip the debt took is almost gone already and is trending upward again.
Also, remember that these numbers are not Presidential. It is congress that controls spending and the debt.
"Last year, the Republican in Congress voted to eliminate the “sequester,” automatic, across-the-board spending cuts first enacted in 2011 as part of a deal to increase to nation’s debt limit. This action, combined with the omnibus spending bill, which both boosted spending and enacted retroactive tax cuts without accompanying spending reductions, pushed the deficit $130 billion higher than CBO originally estimated last year."
Stop listening to bullsitters who are trying to claim that tRump has done anything positive in the economy - it is all fake news folks.
Last edited by blktoptrvl; 02-24-2017 at 06:26 AM..
Location: By the sea, by the sea, by the beautiful sea
68,299 posts, read 54,205,437 times
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Quote:
Originally Posted by WaldoKitty
You didn't answer question. Then again, I do believe you also insisted that Hillary was going to win it. This speaks for itself in regards to what your news sources were doing for you.
And I KNOW you are wrong about that, just another inane, baseless allegation.
What speaks for itself is the utter lack of any factual basis in the cited article, just a bunch of numbers apparently pulled from thin air. THAT speaks of what Trumpettes consider news sources and says nothing good.
Location: By the sea, by the sea, by the beautiful sea
68,299 posts, read 54,205,437 times
Reputation: 40623
Quote:
Originally Posted by Skezo
It's 12 billion. Billions - Billions = Billions.
I'm quite surprised - this is good news...how long since we have had a month where the debt decreased? During Bill Clinton's presidency?
We still have no fact based evidence the debt did decrease.
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