I'm at the point now where I want the budget balanced and the debt paid done. I don't care if this is done by raising revenue(i.e. raise taxes, raise tariffs, sell government property, etc) cutting spending or a combination of the two.
Posted on 12/05/2018 8:09:09 PM PST by E. Pluribus Unum
President Trump is dismissing the importance of paying down the national debt, saying he won’t be in office to take blame for the nation's fiscal crisis when it becomes even more unsustainable, according to a report Wednesday.
The national debt sits at $21 trillion and counting. As a candidate, when the national debt was $19 trillion, Trump promised to erase the entire debt “over a period of eight years.”
Senior administration officials showed Trump charts and graphics in early 2017 that illustrated a “hockey stick” spike in the debt in the coming years. Trump said the data showed the national debt would only become untenable after he left office, the Daily Beast reported.
“Yeah, but I won’t be here,” Trump said.
People close to the president told the news outlet that the national debt never actually bothered Trump, despite his public comments about it.
“I never once heard him talk about the debt,” one former White House official said.
White House spokesman Hogan Gidley said it’s also the responsibility of Congress to cut back on spending.
“While the president has and will continue to do everything in his power to rein in Washington’s out-of-control spending, the Constitution gives Congress the power of the purse, and it’s time for them to work with this president to reduce the debt,” he said.
(Excerpt) Read more at washingtonexaminer.com ...
19 trillion? 21 trillion? At this point the numbers become meaningless.
Trump isn't a conservative. He's never been one. He didn't run as one.
That guy! He's always talking!
The debt only matters to Republicans when a Democrat is in the White House and it only matters to Democrats when a Republican is in the White House.
They were DOA when it was a Republican House as well.
If your economy is growing at three to four percent and your spending is growing a seven percent then you're still digging yourself into a hole. If we're running an $800 billion deficit in this economy then how high will it get when there's downturn and recession?
I agree.
It is acknowledged by both parties that taking responsible steps to address the debt means losses at the polls. Enough Americans want the illusion of prosperity to keep this façade going.
Never mind Social Security, Medicare, etc.; this country has lost the will to cut welfare spending.
I'm at the point now where I want the budget balanced and the debt paid done. I don't care if this is done by raising revenue(i.e. raise taxes, raise tariffs, sell government property, etc) cutting spending or a combination of the two.
I don’t mean to say it shouldn’t be done or that we must not reduce government spending-for we must. Trump was either lying or extremely naive himself if he thought for a second we would erase the deficit during 8 years of his presidency without radical government cuts. However, to suggest that everyone would be ok with it, as your post does, is insane or just plain out of touch with reality of how the government really operates and what it is.
Have you ever put together a FINPLAN for a government agency or sat on a financial management board for a government entity? Your post suggests you have not.
not just mexico but any foreign country money is sent out to by illegals and foreigners working or attending school or living inthe USA
if 63million voters for Trump donate (get full federal/ state tax credit on) $396.83 each (or best they can and others who can send a bit more) to Whomever Trump says will rightly handle the money for the full wall- border security construction, we’d have more than $25billion and show the house and senate we(voters) mean business
Trump or no Trump in office, with or without a big wall built, this will NOT end well. It's very serious and could unravel sooner rather than later.
I wish Trump would move the debt issue to the front burner ASAP - at least that way when things go south, he can say he was starkly aware of it and point to decades of mainly democRat big-government programs, inflationary finance, chronic borrowing facilitated with the Fed's help.
The debt problem is an entitlement/transfer payment problem.
He can’t fix that all on his own,
So much for the campaign promise(s).
So you don’t think Trump has kept as many promises as he can?
And you think a President can solve the entitlement/transfer payment (AKA debt) problem all by himself?
And the real number is a LOT bigger than that.
Eliminating 90% of the federal government would be a nice start, but of course no one is going to work towards that... the beast is self-sustaining at this point.
You could be asking a rhetorical question.
70% of the federal government’s expenditures are entitlements/transfer payments.
What happens when those checks stop coming?
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