Posted on 03/10/2017 7:06:31 AM PST by Leaning Right
On January 20th, the day of the Trump Inauguration, the US Debt stood at $19,947 billion. On March 8th, more than a month later, the US Debt load stood at $19,879 billion. Trump has cut the US Debt burden by $68 billion and 0.3% in since his inauguration!
*snip*
By comparison, under President Obama, the US Debt burden increased by more than $320 billion after his inauguration through March 8th 2009. Obama increased the US Debt by 3.1% during this time period...
(Excerpt) Read more at thegatewaypundit.com ...
Didn’t Pelosi just say that Trump hasn’t done a thing for the American people? Guess she has a reading problem.
“The wheel is turning but the hamster is dead”
I’m positive this will be the lead story in every MSM news program or front page headline...NOT!
Go President Trump!
Here in NYC, the famous “debt clock” near Times Square is still moving upwards at a rapid clip. Once they have it moving backwards, I’ll take a video of it and post it.
The vast majority of the US budget is basically fixed - social security, medicaid, and other automatic entitlements, defense/intelligence, and quickly growing - interest on existing debt.
The discretionary budget, the only thing any politician (including Trump) dares to talk about, is a relatively small part of overall Fed.gov spending.
The vast majority of the US budget is basically fixed - social security, medicaid, and other automatic entitlements, defense/intelligence, and quickly growing - interest on existing debt.
The discretionary budget, the only thing any politician (including Trump) dares to talk about, is a relatively small part of overall Fed.gov spending.
Yet short sighted people even here on FR are puffed up like turkeys bloviating about the three stage repeal/replace as if it’s a stand alone deal breaker.
Obama’s unmarked planes full of cash are grounded and the money goes back to the US Government ?
> I’m positive this will be the lead story in every MSM news program or front page headline...NOT! <
If this story does make the MSM news, the title will be changed to something like: “Trump hurts poor children with cruel budget cuts.”
This has been explained as not unusual during tax-payment season.
Yet, at the same time Congress is being asked to raise the debt ceiling. Do not believe standard accounting procedure would think it wise to raise an already too high national debt, even higher, that has us currently in a very serious financial situation.
On the other hand, if national debt does not need to follow SAP’s why have Congress spend time voting on this regularly. Just pass a law that says, ‘national debt does not matter, there is no debt limit, and spend whatever you want whenever you need it’.
> Just pass a law that says, ‘national debt does not matter, there is no debt limit, and spend whatever you want whenever you need it’. <
There has actually been talk of doing that, just get rid of the debt limit vote and spend as “needed” . I hope that never happens. At least now one day each year people hear something about the debt.
The debt is in the Trillions. So the $60 billion would be like paying $6.00 on a $60 million debt. It’s not a drop in the bucket. It’s a drop in the ocean.
Obamacare Lite will be a monster to the debt and deficit, as would Ivanka’s half-trillion childcare subsidy, if she were able to force that on us (and shame on Trump for having her reportedly over at Congress trying!), so first-month data mean nothing to Trump’s treatment of the debt.
How many times must you be told? Social Security is NOT, for many of us, an entitlement. WE paid for it, at least some of us did. If it was awarded as a benefit to illegals and other non deserves then it is an entitlement.
But what has that done for us? Cannot see any positive results. Ernie Ford sang a song, ‘another day older and deeper in debt, owe my soul the company store’ or something like that. Income keeps decreasing, expenses keep increasing. Soon in the poor house. Just another day, keep smiling.
” So the $60 billion would be like paying $6.00 on a $60 million debt.”
No, it would be like paying $60,000.00 on a $60,000,000.00 debt.
It doesn't matter what you call it - the money is not there. The money you and I paid in for 20, 30, 40 years is not in a safety deposit box somewhere - it was spent long ago on EBT, cowboy poetry programs, or wars in the Mid-East. Social Security is already cash-negative - paid benefits already exceed incoming payments, and that deficit is growing.
In sum, Social Security is a government sponsored ponzi-scheme. Does that sound better than "entitlement?"
No one will dare touch social security, so we probably WILL get "our money" back - but in printed, unbacked, Federal Reserve dollars, at a rate well-below the growth in the cost of living.
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