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Old 03-17-2018, 04:31 PM
 
Location: Houston
26,979 posts, read 15,878,217 times
Reputation: 11259

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Quote:
Originally Posted by Finn_Jarber View Post
It tripled, and it the Congress was split between GOP and Dems. The debt was 900B when Reagan took office, and it was 2.6 trillion when he left.
That’s 2.89 not 3.0

 
Old 03-17-2018, 04:32 PM
 
Location: Long Island
32,816 posts, read 19,469,405 times
Reputation: 9618
Quote:
Originally Posted by Fleet View Post
It didn't triple and there was a Democratic-controlled Congress.
it did triple... but is was Reagan/bush....950b when Reagan took office...3.2 trillion when bush left...and yes it was mostly a dem controlled congress (senate flipped back and forth with being almost evenly split)
 
Old 03-17-2018, 04:50 PM
 
Location: USA
18,489 posts, read 9,149,606 times
Reputation: 8521
Quote:
Originally Posted by Finn_Jarber View Post
That didn't take long....

U.S. National Debt Clock : Real Time
Starve the Beast!

https://www.forbes.com/sites/beltway.../#538790a63d64
 
Old 03-17-2018, 05:04 PM
 
Location: Florida
77,005 posts, read 47,592,894 times
Reputation: 14806
Quote:
Originally Posted by whogo View Post
That’s 2.89 not 3.0
 
Old 03-17-2018, 05:40 PM
 
Location: Ohio
24,621 posts, read 19,150,494 times
Reputation: 21738
Quote:
Originally Posted by jbcmh81 View Post
You mean like in spending more on the military than all our allies combined?
The costs of not implementing this strategy are clear. Failure to meet our defense objectives will result in decreasing U.S. global influence, eroding cohesion among allies and partners, and reduced access to markets that will contribute to a decline in our prosperity and standard of living.

[emphasis mine]

https://www.defense.gov/Portals/1/Do...gy-Summary.pdf

Tell us what you're willing to give up for your Standard of Living.
 
Old 03-17-2018, 05:51 PM
 
Location: Long Island
32,816 posts, read 19,469,405 times
Reputation: 9618
Quote:
Originally Posted by jbcmh81 View Post
You mean like in spending more on the military than all our allies combined? Or giving trillions in tax cuts to the rich, who are largely just pocketing it?
actually we spend about the same percentage of GDP as the rest of the world
 
Old 03-17-2018, 06:37 PM
 
13,900 posts, read 9,765,477 times
Reputation: 6856
Trump is making trillion dollar deficits great again.
 
Old 03-17-2018, 09:41 PM
 
Location: Unperson Everyman Land
38,647 posts, read 26,361,465 times
Reputation: 12648
Quote:
Originally Posted by moneill View Post
Spending money frivolously on desks and such and travel and week end jaunts to Mara Lago and such.....that's what you are concerned about right?

No shortage of fat in the budget.
 
Old 03-18-2018, 06:10 PM
 
Location: Homeless
17,717 posts, read 13,522,365 times
Reputation: 11994
Default National debt tops $21 trillion for first time ever.

About a year ago, President Trump pledged to eliminate the national debt "over a period of eight years." But for the first time in history, the national debt surpassed $21 trillion this week, according to the U.S. Treasury.
The landmark comes shortly after Congress passed, and Mr. Trump signed, a suspension on the federal debt limit last month, allowing the government to borrow an unlimited amount of money until March 1, 2019.




When Mr. Trump took office on Jan. 20, 2017, the national debt was $19.9 trillion, according to U.S. Treasury data. Since then, the GOP-led Congress has passed a $1.5 trillion tax cut bill and a two-year spending deal which, together, are expected to drive the deficit and debt further upward. The Committee for a Responsible Federal Budget estimates annual deficits could top $2.1 trillion per year in the next decade, which would send the national debt soaring even higher.




National debt tops $21 trillion for first time ever
 
Old 03-18-2018, 07:19 PM
 
Location: Santa Monica
36,856 posts, read 17,347,969 times
Reputation: 14459
On the bright side, if Rumsfeld ever finds the $2.3 trillion that went missing the day before 9/11 we could have a shot at making this thing right.



https://www.youtube.com/watch?v=H_p92dECEpQ
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