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Obama inherited a 1.4 trillion dollar deficit from Bush. By the time Obama left office, he had managed to reduce the deficit by almost 2/3rds to around 500 billion.
Trumps steps up the plate promises several times:
In February 2016 Trump said he could start paying off the national debt "so easily."
In March 2016, Trump said he could cut trillions of dollars in spending by eliminating “waste, fraud, and abuse.”
In April 2016, Trump said that he was confident that he could “get rid of” the entire multi-trillion-dollar debt “fairly quickly.”
July 2016 Trump said “we’ll start paying off that debt like water.”
Now the national debt is back over 1 Trillion and still climbing.
“Since 1992, there have been 11 months in which the deficit topped $200 billion. Seven of those have happened under Trump.” The Washington Post
Politicians from both parties routinely drag out this canard. What it really means is "I don't really have a solution to the problem". I throw up a little in my mouth every time I hear it.
Deficits come from one reason, and one reason only: spending and revenue are out of balance. Anyone saying otherwise is not being honest. It can be balanced by either cutting spending, or increasing revenue, or both.
You give the GOP your vote, so you are a part of the problem.
the tax cuts did increase revenue
the problem is that the congress-critters want to spend way more than what is coming in..and that is from both parties
we NEED a balanced budget amendment...one that projects what the revenue will be, and then ONLY spends that much
by FY2026 (6 years from now, as fy20 starts in 16 days) medicare/Medicaid budget are projected to be hitting nearly 2 trillion between the both....that is more than half of the revenue we take in.....and no one person in DC is trying to fix that....the dems are looking to INCREASE that spending by triple
Under Obama the black unemployment rate fell from 16.1% to 6.7% (a decrease of 9.4%)
Under Trump the black unemployment rate fell from 6.7% to 5.5% (a decrease of 1.2%) https://data.bls.gov/timeseries/LNS14000006
Under Obama the stock market rose from 6,547 to 19,762 (a increase of 13,215 points.)
Under the stock market rose from 19,762 to 25,444 (a increase of 5,682 points.) https://www.macrotrends.net/1358/dow...-last-10-years
The other $7 trillion dollars added to our debt during Obama's time in office was caused by the Bush administrations Iraq/Afghanistan wars, GW Bush's tax cuts that took place when Obama first entered office, increased spending by GW Bush (Bush increased spending by 48.6%), and federal subsidies started by GW Bush, ex.ex.
Obama inherited a 1.4 trillion dollar deficit from Bush. By the time Obama left office, he had managed to reduce the deficit by almost 2/3rds to around 500 billion.
Trumps steps up the plate promises several times:
In February 2016 Trump said he could start paying off the national debt "so easily."
In March 2016, Trump said he could cut trillions of dollars in spending by eliminating “waste, fraud, and abuse.”
In April 2016, Trump said that he was confident that he could “get rid of” the entire multi-trillion-dollar debt “fairly quickly.”
July 2016 Trump said “we’ll start paying off that debt like water.”
Now the national debt is back over 1 Trillion and still climbing.
“Since 1992, there have been 11 months in which the deficit topped $200 billion. Seven of those have happened under Trump.” The Washington Post
President'd don't pass budgets, Congress does. All of our worse deficits have been with a Democrat Congress including now.
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