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Started By
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re: “We’re going to pay off...the $35 trillion in debt. We’re going to pay it off...fast too.
Posted on 12/7/23 at 8:55 am to Big Scrub TX
Posted on 12/7/23 at 8:55 am to Big Scrub TX
quote:
“We’re going to pay off...the $35 trillion in debt. We’re going to pay it off...fast too.
Probably joking.
0
Posted on 12/7/23 at 8:57 am to Taxing Authority
quote:
whataboutism
Seems we're gonna have a binary choice in this election. We choose one or the other. I'm simply asking if Trump is more full of dung than biden. I see the answer as NO.
Posted on 12/7/23 at 9:00 am to RollTide71
quote:Not a binary choice. It’s primary season.
I'm simply asking if Trump is more full of dung than biden. I see the answer as NO.
And relativism sucks. “yeah he’s lying to us, but he’s lying a bit less than the other guy” is something only the GOP establishment could be proud of.
And actually, I can’t think of anything Biden has promised as objectively stupid as this.
This post was edited on 12/7/23 at 9:08 am
Posted on 12/7/23 at 9:04 am to Big Scrub TX
Cringy appeal to low iq voters who don't understand how national debt works. It's not in any way like a credit card bill that you pay off.
Trump is usually pretty chaotic but calculated at the same time, but every now and again, he says some ridiculousness.
Trump is usually pretty chaotic but calculated at the same time, but every now and again, he says some ridiculousness.
Posted on 12/7/23 at 9:11 am to Taxing Authority
quote:It is possible that biden will not be running against Trump, but I highly doubt it. Have you listened to any of the things biden has been saying about the election? Or, since that doesn't fit your narrative, would you consider his own words low IQ information? Biden intends to run in 2024. Trump intends to run if he gets the nomination. I can't see any of the other Republicans overtaking Trump. That implies there will be a binary choice in 2024.
Not a binary choice.
Posted on 12/7/23 at 9:17 am to BBONDS25
quote:
He was doing pretty good before the global pandemic
Da fuq? Are you mentally retarded or do you simply only believe what you want to believe regardless of facts? Here are the budget deficits under Trump pre-COVID:
2017: $665 Billion
2018: $779 Billion
2019: $985 Billion
202: $1.02 Trillion (non-Covid spending, which added another $2.2 Trillion).
So, tell me how he was even remotely doing "a pretty good job."
Posted on 12/7/23 at 9:17 am to BBONDS25
quote:
He was doing pretty good before the global pandemic
Pretty good at paying down US debt?
Looking at historic debt charts when Trump entered office (Jan. 2017) it was about 20.2 trillion. By 2018 it was 21.5 trillion, 2019 22.7, 2020 26.9 trillion. When he left office at the beginning of 2021 the debt stood at 28.4 trillion.
Removing Covid years and using the average increase as a percentage in the years prior to Covid (2017 to 2018, and 2018 to 2019- average percent increase 5.95), his four year term would have increased the debt from 20.2 in 2017 to 25.4 trillion in 2021, an increase of ~5.2 trillion over four years.
I don’t think he’s going to be paying down any debt in the future if previous performance is indicative of the future.
Posted on 12/7/23 at 9:19 am to Pendulum
quote:
It's not in any way like a credit card bill that you pay off.
It's not? Seems to me that if you pay more than just the interest to the debt each period and you decrease the amount that is added to the debt each period, you will decrease the amount the debt increases (decrease the rate of increase). Now you continue to increase the amount you pay and decrease the amount of new debt each new period. At a point in the future, the amount paid toward the debt will exceed amount added to the debt and the total amount of the debt owed will begin to decrease. Sounds EXACTLY like how I paid my credit cards off.
Posted on 12/7/23 at 9:22 am to RollTide71
quote:None of that rehabilitates Trump’s silly assertion.
It is possible that biden will not be running against Trump, but I highly doubt it. Have you listened to any of the things biden has been saying about the election? Or, since that doesn't fit your narrative, would you consider his own words low IQ information? Biden intends to run in 2024. Trump intends to run if he gets the nomination. I can't see any of the other Republicans overtaking Trump. That implies there will be a binary choice in 2024.
Posted on 12/7/23 at 9:23 am to Kjnstkmn
Posted on 12/7/23 at 9:24 am to Taxing Authority
quote:True. The assertion doesn't "rehabilitate" that we will have a binary choice in 2024. If your choice is biden and more of what we've had for the past 3 years fine. I'm choosing something else.
None of that rehabilitates Trump’s silly assertion.
Since you weren't adult enough to answer my question, Biden is absolutely more full of dung that Trump.
This post was edited on 12/7/23 at 9:27 am
Posted on 12/7/23 at 9:27 am to RollTide71
Kind of a bit sideways from the topic, but should Trump get a pass for the economics of the Covid years?
Posted on 12/7/23 at 9:29 am to Big Scrub TX
TDS-posters...----UNITE-----!!
This is your thread to get that unexpressed daily rage out!!
REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
This is your thread to get that unexpressed daily rage out!!
REEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
Posted on 12/7/23 at 9:31 am to CAD703X
Maybe he can use all that money he gathered from Mexico to build the forgotten wall to pay down the debt.
Posted on 12/7/23 at 9:31 am to HVAU
Most of the board does except SFP and Rog, who are right on this. COVID bucks are probably what is responsible for inflation now. I doubt we are even feeling the effects of Build Back Better/Inflation Reduction Act yet.
Posted on 12/7/23 at 9:34 am to HVAU
No, he should explain his plan and get called to the carpet for it
Posted on 12/7/23 at 9:35 am to Bunk Moreland
quote:
Most of the board does except SFP and Rog, who are right on this. COVID bucks are probably what is responsible for inflation now. I doubt we are even feeling the effects of Build Back Better/Inflation Reduction Act yet.
What years of the Biden administration should also be regarded as “free pass” years due to Covid economics?
Posted on 12/7/23 at 9:36 am to BBONDS25
quote:
Paying off debt is bad!!! Reeeeeee.
Bonds and bad faith...hand in glove.
Posted on 12/7/23 at 9:37 am to HVAU
Pass, no. However, GOPe and democrats pushed all of that spending. As long as we give them the same amount of scrutiny I'm good with it.
Posted on 12/7/23 at 9:40 am to RollTide71
quote:
Pass, no. However, GOPe and democrats pushed all of that spending. As long as we give them the same amount of scrutiny I'm good with it.
Since we’re focused on the presidential race in most of this thread I’d prefer to keep it there, not spilling into the broader political players.
So, if we’re excusing the economics of Trump’s Covid years, what similar grace is applicable to the Biden years? With that information in hand someone can better compare their economic performance as it relates to national debt.
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