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Old 01-30-2018, 07:34 PM
 
51,649 posts, read 25,800,144 times
Reputation: 37884

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2017 was the largest deficit since 2013.

https://www.usgovernmentspending.com...cit_chart.html

Thanks to the tax scam, 2018 isn't looking any better.

 
Old 01-30-2018, 07:42 PM
 
Location: Swiftwater, PA
18,780 posts, read 18,127,931 times
Reputation: 14777
Quote:
Originally Posted by Eli34 View Post
Obama inherited a 1.2 trillion dollar deficit and 750k job losses per month from Bush.

Trump has no excuse for causing more debt, he inherited a good economy and shrinking deficits from Obama.
Regardless of what he 'inherited' the National Debt rose ten trillion in eight years. If we would apply the same logic to President Trump's first year; he actually saved us $600 billion! Of course you do not want our President to blame any of his debt on his predecessor - but it's fine if you blame President Bush.
 
Old 01-30-2018, 07:47 PM
 
51,649 posts, read 25,800,144 times
Reputation: 37884
Deficit in 2016 was $585 billlion.

Deficit in 2017 was $666 billion.

Hmmm? I must say. Things don't seem to be moving in the right direction here.
 
Old 01-30-2018, 08:02 PM
 
Location: Pacific NW
9,437 posts, read 7,366,346 times
Reputation: 7979
Quote:
Originally Posted by Eli34 View Post
I really don't know how anyone in the right mind votes Republican. The hypocrisy and double-standard, sorry not for me.
You'd better not be voting for the democrats then if that's your standard, or are you a typical liberal hypocrite? If democrats didn't have double standards they'd have none at all.
 
Old 01-30-2018, 08:05 PM
 
Location: Ft. Myers
19,719 posts, read 16,833,054 times
Reputation: 41863
Don't worry, don't worry. We have a smart, successful businessman at the helm who will cut that deficit and we will end up with a surplus. Just watch !

(My new years resolution is to be positive about everything !)
 
Old 01-30-2018, 08:47 PM
 
Location: North Carolina
6,957 posts, read 8,489,417 times
Reputation: 6777
Quote:
Originally Posted by don1945 View Post
Don't worry, don't worry. We have a smart, successful businessman at the helm who will cut that deficit and we will end up with a surplus. Just watch !

(My new years resolution is to be positive about everything !)
Whatever you're smoking don ...I want some!
 
Old 01-30-2018, 08:58 PM
 
20,757 posts, read 8,568,534 times
Reputation: 14393
Apple's coming back. Tell them to pick up the tab, or maybe split it with Jeff Bezos.
 
Old 01-30-2018, 09:22 PM
 
Location: Unperson Everyman Land
38,647 posts, read 26,368,587 times
Reputation: 12648
Quote:
Originally Posted by Finn_Jarber View Post
Ran Paul was right. The GOP spending plan was going to add 10 trillion to the debt even before the unfunded tax cuts.

And no, there is nothing to stimulate, and no emergencies to react to, this is happening when the economy is doing well.


https://www.msn.com/en-us/news/polit...lsl?li=BBnb7Kz

Annual deficits are creeping up to $1 trillion a year and the national debt has topped $20 trillion. On Monday, Treasury said that the United States will need to borrow $441 billion in privately-held debt this quarter, the largest sum since 2010 when the economy was emerging from the worst downturn since the Great Depression.

You would have a valid point if growth remained ****ty, as it has for the past couple decades, but this isn't the past couple decades.

https://www.statista.com/statistics/...es-since-1990/


Growth fixes everything.
 
Old 01-30-2018, 09:49 PM
 
18,249 posts, read 16,909,886 times
Reputation: 7553
Don't feel sorry for America.

According to a recent report:

Quote:
The Federal Government’s $128 Trillion Stockpile: The Answer to Our Debt Problems?


More than 900,000 separate real assets covering more than 3 billion sq. ft.

Mineral rights, on and offshore, covering 2.515 billion acres of land, more than the total surface land in Canada

45,190 underutilized buildings, the operating costs of which are $1.66 billion annually

Oil and gas resources on and offshore worth $128 trillion, roughly eight times the national debt of the country

We are far from broke.
 
Old 01-30-2018, 10:47 PM
 
Location: Phoenix
3,211 posts, read 2,241,456 times
Reputation: 2607
Quote:
Originally Posted by Finn_Jarber View Post
Ran Paul was right. The GOP spending plan was going to add 10 trillion to the debt even before the unfunded tax cuts.

And no, there is nothing to stimulate, and no emergencies to react to, this is happening when the economy is doing well.


https://www.msn.com/en-us/news/polit...lsl?li=BBnb7Kz

Annual deficits are creeping up to $1 trillion a year and the national debt has topped $20 trillion. On Monday, Treasury said that the United States will need to borrow $441 billion in privately-held debt this quarter, the largest sum since 2010 when the economy was emerging from the worst downturn since the Great Depression.
The 4 highest years for debt had Harry & Nancy running the Congress & Senate. Latest projection for 2018 is that it will go down to $440B (still too high). Anyway, have fun with this fantasy until reality comes in different and then you can make up a new story.
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