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To: Robert DeLong

To be fair, the national debt has been the result of Congressional budgets and spending, primarily. However, when Presidents sign those proposals into law, they take ownership in name, somewhat unfairly. But here are several articles explaining the process to you.

https://www.crfb.org/blogs/how-much-did-president-trump-add-debt

https://thehill.com/business/4426965-trump-added-8-4-trillion-to-the-national-debt-analysis/

https://www.brookings.edu/articles/donald-trumps-tax-plan-could-land-america-10-trillion-deeper-in-debt/

While his plan limits certain tax preferences and deductions, it does not include any reductions in federal spending. As a result, the Trump plan increases the federal deficit over the next decade by $10 trillion or $12 trillion, according to several estimates


50 posted on 06/26/2024 11:03:41 AM PDT by Golden Eagle (Principles, not partisanship)
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To: Golden Eagle
To be fair, the national debt has been the result of Congressional budgets and spending, primarily. However, when Presidents sign those proposals into law, they take ownership in name, somewhat unfairly. But here are several articles explaining the process to you.

Trump wanted spending cuts to pay for the tax cuts, but the House refused to deliver the spending cuts. Instead they continued the annual increases to all agencies. They couldn't even freeze the annual allotment at the previous budget amount.

So, you have part of the answer but still ignore the realities.

From the first link you provided:

In the recent GOP primary presidential debate, former United Nations Ambassador Nikki Haley claimed that President Trump added $8 trillion to the national debt while Florida Governor Ron DeSantis said that President Trump added $7.8 trillion to the debt. These statements are true, depending on how you measure additions to the debt. We estimate the ten-year cost of the legislation and executive actions President Trump signed into law was about $8.4 trillion, with interest.

So, they are admitting that all claims are subjective. All three are correct according to the bipartisan non-profit, started 42 years ago, that has for the majority of recent years been slowly taken over by Democrats & RINOs who make up the Uni-party that has eroded that bipartisan attribution. But let's continue:

A better way to measure how much President Trump added to the debt is to evaluate the ten-year debt impact of the laws and executive orders he signed. We estimate that those added a combined $8.4 trillion to the debt over a ten-year period – consistent with Haley’s claim.

On net, almost all of the $8.4 trillion in ten-year debt approved by Trump came in the form of legislation, with costly executive actions largely offset by a unilateral expansion of tariffs. It included $8.8 trillion of net increases in the debt and $445 billion of net reductions. $7.3 trillion represents an increase in primary deficits, and $1 trillion comes from interest costs.

So, now while the years indicate that Trump added 7.8 trillion during his term in office, he gets blamed for some of the Biden presidency, and that blame is attributed to his tax cuts & tariffs.

But the truth is that it's the result of Bidens policies coupled with Democrat governors who installed draconian Covid lockdowns that decimated many small businesses.

Biden didn't help with his restrictions & regulations placed upon the oil industry, in order to enact his Green New Deal policies.

In addition, they passed out money that was scammed by many Democrat supporters fir their businesses over Covid. But that is blamed on Trump, because he signed the legislation to help business weather out the Covid BS.

As a result of these decimated small businesses, the rampant theft occurring in other remaining business where law-and-order was ignored by progressive DAs, has had an additional negative impact on those businesses that ultimately led to multiple closures of more stores.

Throwing open the borders allowing huge numbers of illegal invaders to enter our country has certainly negatively impacted the economy.

They constantly claim these wonderful numbers of job creation, only to quietly release the real numbers which exposes their original narratives as the abject lies they were. they continually foist lies upon the American public in the form of gaslighting those who are gullible even to buy the lies.

As a result of all of this destruction to the jobs market, which BTW the creation of jobs are all parttime jobs, and the loss of good paying fulltime jobs have declined since Joe Biden has assumed office. The majority of those jobs have gone to illegal invaders who most likely don't even contribute any of that to the Treasury.

In addition, they report that the fulfillment of these parttime jobs has reduced the unemployment numbers regardless of the fact more than one job had been taken by a person who has multiple jobs to support their needs.

More lies to bolster the Joe Biden presidency.

But the reality is that there has been less money coming into the treasury as a result of Bidennomics. Less money coming in but more money going out, is not the result of Trump's tax cuts or tariffs either, which they conveniently add in as being Trump's addition to the national debt, not Biden's.

I won't even look at the The Hill article or the Brookings Institute's argument, because they are both known cheerleaders for bigger government. Thus, they too will commit accounting shifting to create the narrative that gullible people like you stuck-up as the truth.

So, your proof is just more lies to create narratives for those are easily swayed by their "expertise".

“You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time.”

Some people never learn though.

54 posted on 06/26/2024 12:28:35 PM PDT by Robert DeLong
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