(And yes, I know the problem is mostly Congress's fault.)
It’s kind of tough to pay down any national debt when you’re running a deficit of a trillion dollars a year! #Math
Last I checked it was Congress porking up the spending bills about 3 times per year. Nobody inside the beltway even speaks the word cut.
“Yes, it’s gone up a bit,” Kudlow conceded, but he argued that “growth is the solution to any debt issues that might be on the table — and so far, so good. Let’s just keep the policies in place.”
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He’s right. Now if the Federal Reserve stopped manipulating interest rates, the interest payments on Obama’s debt would be a lot lower.
I don’t think a modern president has promised more than to balance the budget at some point in the future after his last term is over.
Unfortunately—as the federal government should be about half its current size.
(And yes, I know the problem is mostly Congress's fault.)
“Yes, it’s gone up a bit,” Kudlow conceded, but he argued that “growth is the solution to any debt issues that might be on the table — and so far, so good. Let’s just keep the policies in place.”
So by this logic, if I had a $5k spending per month average on my credit card and I cut it to $3k spending per month because I got a raise and pay cash for stuff,so far so good?...Why would we elect another Republican if we keep doing the same things over and over that Democraps do? Pay it down for gawd sakes....
“Whoa, whoa, it doubled under the prior eight years,” Kudlow said on the White House driveway, downplaying Trump’s responsibility for the current level of debt.
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The nasty bastards in the press must have been asking some biased and leading questions.
Why should he? It’s largely the Democrats debt. Why should the GOP have to pay down the Democrats debt? Let them do it.
Only if the economic growth exceeds the growth of the deficit. And that's not happening. Washington is not only unwilling to reduce the deficit, it's unwilling to slow down the rate the deficit is growing. You can only spend a trillion + dollars of imaginary money every year so long before the whole house of cards comes crashing down. And the longer it takes the worse the fall will be.
Larry Kudlow: Trump won’t pay down any of the national debt
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No one will. It’s all about the other economic indicators. As long a GDP is good, inflation is low, and unemployment is down, politicians will largely ignore the question of debt. It is only when debt payments begin to infringe on other government spending that they’ll take notice.
Isn’t that Congress’s job?
JoMa
in other breaking news.....the sun will rise tomorrow morning
Strange, I thought that job would be the legislatures ...
I suppose as executive Trump could just ELIMINATE whole agencies/departments - order them shut down and dismantled.
That’s a fine idea.
If President Trump hadn't been talked back on NK, that new economy would be a great partner for our economy.
Ya think? When you're running up the debt to the tune of a trillion dollars a year it's hard to pay it down.
To whom is the debt owed? The Fed I suspect is most of it. China get’s a good chunk, but who else? We could tell the Fed to shove it with one golden swipe of the pen.
WELL IF THE CONGRESS WON’T STOP DEFICIT SPENDING HOW CAN HE?
Adopt the PENNY PLAN (only do 2 pennies)
Let the democraps try to explain how a 2% ACTUAL cut across the board is “draconian”.
Ummm....House of Representatives “control the purse screens”; no? The uni-party and MIC have been screwing we taxpayers for decades.