Posted on 11/01/2019 3:12:07 PM PDT by Berlin_Freeper
Hi.
I’m sure Niv Elis and “The Hill” published a similar article about 0bama in 2014 when the Kenyan DOUBLED the national debt.
Oh wait...
F’em.
5.56mm
One of my li’l fantasies. We’re 0-5 since WW2 but if we could lose the “War on Poverty” and the “War on Drugs” too this country wouldn’t be a bad place to live. (After the good scrubbing of the gene pool that would result.)
Bingo!! Ding ding ding ding ding! You win the grand prize
That was JFK’s left over budget, before lbj started his disastorus great society. JFK would be to the right of President Trump today.
Hillary could have doubled that! It is a waste supported by too many regulations and regulators as well as over pensioned retired beauracrats and politicians.
Barack Obama’s civilian army got a lot of funding and so did the Democrat party coffers
It was a looting of national wealth
That’s why I chose 1964. Then it all turned to crap.
That will never happen. They will gut the military from 700 billion to 100 billion first. Liberals will always ensure that their base stays on the government plantation.
It is $23 trillion...17 held by the public, and the rest held by the Federal Reserve and Social Security/Medicare trust funds, etc..
Truest statement of the year.
True, but when you're in recession or a weak economy is when you expect to have deficits.
We've ramped up the annual deficit to $1T while enjoying the best economy since man learned to count (supposedly).
None of the politicians or elites have any intention of paying down the debt.
I bet they have contingency plans for other arrangements. Devalue the dollar, world currency, take over private pension plans
In 1961, I was a young lad, and $20 worth of groceries were too much for me to carry in 2 hands! Gallon of milk was 59 cents.
6 trillion are “loans” between government agencies. Interest payments earned on loans like that revert to the Treasury. That’s why the article focuses on 17T and not 23T
That 6 trillion dollar figure may also include the 2 trillion in Treasury debt held by the Federal Reserve since any interest earned there reverts to the Treasury.
President Trump had to rebuild the military, and he had to let the Democrats spend money in order to get the money he wanted. The types of tax cuts he did also increased the deficit. The Federal Reserve raising interest rates also increased the deficit.
Like I said, we’ve had much worse debt and it wasn’t the big problem that people make it out to be.
If the dollar was in danger then corporate bond yields wouldn’t be 3%.
I hope not because running ongoing $1T deficits while the economy is relatively strong seems risky to me.
The Fake News media counts on you and many others feeling that way.
The United States was bankrupt after the Revolutionary war, but it didn’t stop us. Reagan ran large deficits, but his supply side economics got us out of the Carter malaise, whipped inflation and got us through the horrible Bush/Clinton/Bush/Obama years.
It’s our leadership in technology, creating new markets and many other areas that really matter.
To paraphrase the late Senator Dirksen, “A trillion here, a trillion there, pretty soon you’re talking real money.”
Or in other words the National debt is growing at less than a third of the rate it was due to Obama’s changes to the government. Let us hole he can hit a negative growth rate next term. He will at this rate if the Globalists don’t crash the world market to destroy Nationalism.
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