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Message
Trump to add $7 trillion to the debt in his first term
Posted on 5/3/20 at 6:14 am
Posted on 5/3/20 at 6:14 am
For reference during their 8 years in office Obama added $8.6 trillion and W Bush added $5 trillion.
Trump inherited a $670 billion dollar deficit and was projected to run a $1.3 trillion deficit this year before COVID....now looking at anywhere from $3 trillion to $4.2 trillion.
The entire defense budget is $800 billion to give you a frame of reference for how much money we're borrowing.
MAGA
Trump inherited a $670 billion dollar deficit and was projected to run a $1.3 trillion deficit this year before COVID....now looking at anywhere from $3 trillion to $4.2 trillion.
The entire defense budget is $800 billion to give you a frame of reference for how much money we're borrowing.
MAGA
47
Posted on 5/3/20 at 6:15 am to TopFlightSecurity
MAGA
Posted on 5/3/20 at 6:17 am to roadGator
He’ll have to step it up to double the debt during his second term, like Bush and Obama...
Posted on 5/3/20 at 6:17 am to TopFlightSecurity
He’s spending so wildly...I have to imagine his new leverage of the Fed will be used somehow. Whether he kicks central banking to the curb or something else, who knows. I just can’t imagine him spending like this without a plan.
Posted on 5/3/20 at 6:27 am to TopFlightSecurity
fricking awful.
Posted on 5/3/20 at 6:27 am to CamdenTiger
quote:
He’ll have to step it up to double the debt during his second term, like Bush and Obama...
He's well on his way.
Posted on 5/3/20 at 6:30 am to TopFlightSecurity
How much of this debt is due to this politically induced Wuhan Virus hysteria? 4 Trillion?
Posted on 5/3/20 at 6:32 am to TopFlightSecurity
Like he had a choice.
Posted on 5/3/20 at 6:32 am to TopFlightSecurity
I don’t think either side can defend this type of spending. They shouldn’t, but here we are.
This post was edited on 5/3/20 at 6:33 am
Posted on 5/3/20 at 6:32 am to LetsgoGamecocks
quote:
How much of this debt is due to this politically induced Wuhan Virus hysteria? 4 Trillion?
Probably around 2.5
Was already projected to run a $1.3 trillion deficit this year in a "good" economy but once the Wuhan hit they just started spending more.
Maybe he thinks the government can just declare bankruptcy and move on like he did with his companies.
Posted on 5/3/20 at 6:40 am to TopFlightSecurity
Perhaps Congress should start doing their job and submit a budget like they are suppose to do. I forget, when was the last time that they actually submitted a budget?
Posted on 5/3/20 at 6:42 am to TopFlightSecurity
quote:Someone doesn't understand Civics
Trump to add $7 trillion
Posted on 5/3/20 at 6:43 am to TopFlightSecurity
I'll be damned. So this was his secret plan all along, figuring out a way to beef up the federal deficit. That rascal.
Posted on 5/3/20 at 6:44 am to BHS78
quote:
Perhaps Congress should start doing their job and submit a budget like they are suppose to do.
Why should they? Seriously why. The American people won’t do our job and hold them accountable so why should they change a thing?
Posted on 5/3/20 at 6:50 am to TopFlightSecurity
There are no remaining conservatives within the GOP anymore.
Posted on 5/3/20 at 6:51 am to Mid Iowa Tiger
Exactly. The people don’t want to cut spending and we aren’t going to until we are forced to.
Posted on 5/3/20 at 6:56 am to tiger11
quote:
I just can’t imagine him spending like this without a plan.
He does not GAF, he has bankrupted everything he has ever been involved with and left others holding the bag.
It is his thing.
Posted on 5/3/20 at 6:56 am to TopFlightSecurity
quote:
Trump
quote:
budget
I feel like this shouldn't have to be stated to an American citizen but POTUS isn't charge of appropriations
Posted on 5/3/20 at 6:58 am to RemouladeSawce
quote:
I feel like this shouldn't have to be stated to an American citizen but POTUS isn't charge of appropriations
meh, he is in charge of signing off on them.
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