National Debt Decreasing Under Trump - $101 Billion Decrease Reported

[Finn_Jarber]

Originally Posted by workingclasshero

finn, you are off in your math

Reagan/bush1 nearly tripled in 12 years

Clinton nearly doubled in his 8 years

Bush2 doubled in 8 years

Obama doubled in his 8 years

Nope, Reagan and Bush together more than quadrupled it in 12 years. Reagan alone nearly tripled it, and had Bush Sr served 2nd term he would have more than doubled it.

President George H.W. Bush

Jan. 20, 1989*: $2,697,957, 000,000
Jan. 20, 1993*: $4,188,092,107,183.60

President Ronald Reagan

Jan. 20, 1981*: $934,073,000,000
Jan. 20, 1989*: $2,697,957, 000,000

[greywar]

Originally Posted by workingclasshero

the economy crashed because of liberal policies... liberals pushed globalization (jobs get outsourced), Clinton pushed/created the housing bubble, and liberals push raising the min wage in 07 (the straw that broke the economy)

Please. You are going to blame minimum wage? REALLY? Thats nonsense. Thats truly nonsense. minimum wage increases had virtually ZERO to do with it.

We've raised it regularly before without any issue.

[workingclasshero]

Originally Posted by greywar

Please. You are going to blame minimum wage? REALLY? Thats nonsense. Thats truly nonsense. minimum wage increases had virtually ZERO to do with it.

We've raised it regularly before without any issue.

please re-reads what I wrote...I did not blame the raising of the min wage...but it was PART of the perfect storm


globalist liberal policies going back to the early 90's are what caused the recession

the 'great recession' was due to liberal policies of offshoring jobs and easymoney housing


let this INFORM you, these problems stem from: 1993, 1995, and 1999 and you can thank the liberals for it, and most of it goes back to the clinton era. why because ECONOMICS run in 10(+/-4) year CYCLES and what we are facing NOW is in DIRECT RELATION to what happened back in the 90's

1993 OUTSOURCING through NAFTA(and the other 2 dozen 'freetrade agreements)----------------originally pushed by Brzezinski and his liberal puppet carter,,moved along by Reagan's VP bush1----negotiated by another Brzezinski puppet bush1--- passed in 1993 by the democrat controlled congress, pushed by clinton, signed by clinton-inceased with CAFTA by bush2--the consequence ...... 60+ million HIGH PAYING jobs have been lost, 2 trillion worth of debt from the lost wages.(and Obama ahs increased it too, not only as Senator Obama with OFTA, but also as potus Obama..............hmmm)

1995 clinton (through his chief of HUD (Henry Cisneros and later his second chief andrew coumo)) eased the rules on obtaining mortgages allowing more 'exotic' mortgages and 'no-doc/low doc' mortgages---------------------------the consequence ......housing SKYROCKETED causing low inventories causing a 'not normal' increase in home prices, sellers got greedy, buyers got even greedier (looking to PROFIT in a skyrocketing market by flipping) and bought THINKING that prices would still increase and their ADJUSTABLE mortgage would pay it self off in MINIMUMAL years...EVEN THOUGH THESE INCREASES IN HOME VALUES WERE TOTALLY UNHEARD OF, AND MORTGAGE RATES WERE AT 40 YEAR LOWS( what did they think an adjustable mortgage gotten at 40 year lows would do in the term(3 months-3years) when it adjusted...of course it would go up, their CONTRACT even said after the term it would be 6% PLUS PRIME)))
For many potential homebuyers, the lack of cash available to accumulate the required downpayment and closing costs is the major impediment to purchasing a home. Other households do not have sufficient available income to to make the monthly payments on mortgages financed at market interest rates for standard loan terms. Financing strategies, fueled by the creativity and resources of the private and public sectors, should address both of these financial barriers to homeownership."
The above is the start of the mortgage meltdown: Clinton's National Homeownership Strategy


those are the two biggest causes of the great recession


then add these to the perfect storm:



1996 clinton signed The Telecommunications Act of 1996 (The Act was claimed to foster competition. Instead, it allowed industry consolidation whose actions reduced the number of major media companies from around 30 in 1993 to 10 in 1996, and reducing the 10 in 1996 to 6 in 2005.) causing MONOPOLIES, which can RAISE PRICES





2000 clinton signs the China trade bill

2000 clinton signs the Commodity Futures Modernization Act of 2000.

2000/1 clinton pushes to get china into the world bank

2002 bush and medicare part d...., bush giving the liberals more big government

2002-present.... the wars in the middleeast

2003/4/5 republicans try to reign in fanny and freddie...the liberal opposition leaders (barney frank and cris Dodd) say "there is nothing wrong with fanny/Freddie...its a witch hunt"........

2007 liberals raise the min wage...adding to the perfect storm..the final straw of the perfect liberal storm



BTW... I included bush's screw-ups too...

[Finn_Jarber]

Originally Posted by greywar

Please. You are going to blame minimum wage? REALLY? Thats nonsense. Thats truly nonsense. minimum wage increases had virtually ZERO to do with it.

We've raised it regularly before without any issue.

Of course its nonsense. Don't expect such posters to say anything other that trying to blame everything on someone else.

[legalsea]

I see that the National Debt has hit the historic $20 Trillion dollar mark:


https://www.cbsnews.com/news/nationa...trillion-mark/


Here is a link to the national debt clock, so we can all watch it go up: MAGA!


U.S. National Debt Clock : Real Time


I wonder if President Trump will issue a tweet about this?