Posted on 09/25/2024 7:33:46 AM PDT by ChicagoConservative27
The presidential campaign season is once again turning politicians into pandering game show hosts, promising voters huge tax cuts and spending expansions with no regard to the debt crisis these policies will accelerate.
Budget deficits are set to exceed $2 trillion this year — despite relative peace and prosperity — and then surge to $4 trillion within a decade under current policies.
For the first time since the end of World War II, the federal debt will top 100% of the gross domestic product.
The impending completion of the Biden-Harris administration brings an opportunity to assess their role in these rising deficits.
Joe Biden and Kamala Harris surely inherited an economic and fiscal mess. President Donald Trump had already signed legislation and executive orders adding $4 trillion to 10-year deficits before the bipartisan pandemic response added $4 trillion more.
(Excerpt) Read more at nypost.com ...
*** “Joy” Will pay my bills right?? ***
It’s odd how Harris voters can ignore all but a couple issues. The power of the media is amazing.
There. Fixed it.
Actually, this is on the GOP House.
Kamala Harris’ Impossible Challenge
Posted on 9/25/2024, 8:00:31 AM by RoosterRedux
Kamala Harris is roundly criticized for feeding America a steady diet of word salads. But what else can she do, given her impossible task of making the Democratic Party’s progressive policies palatable to the American people?
To appreciate Harris’ challenge, note that none of her top surrogates have been able to square that circle either. There is no Democrat who makes you think, why can’t our candidate just say that – as Sen. Tom Cotton and Vivek Ramaswamy do for Republicans while describing Donald Trump’s policies. Harris’ stand-ins may not get lost in the weeds of pablum, as Harris did last week when she told a crowd, “I grew up understanding the children of the community are the children of the community.” But when they are not comparing Trump to Hitler, her representatives are as gauzy and incoherent as she is.
...
Yes, Harris and her surrogates could tell the truth about their intentions to continue the unpopular and feckless policies the Biden administration has imposed on the country during the last four years. But there’s an election to win.
The brazenness of their deception is breathtaking. Consider Harris’ refusal to meet the press. She’ll take softball questions from carefully selected local outlets but flatly refuses to hold unscripted press conferences that might include a few challenging questions. Her handlers’ apparent fear is that she will come across as incoherent – not because she is stupid, but because she has to say something, so long as it’s not the truth about her record and her party’s goals.
The press corps is happy to play along, pretending her unscripted silence is normal. It’s not. It’s a scandal.
(Excerpt) Read more at realclearpolitics.com …
https://www.realclearpolitics.com/articles/2024/09/25/kamala_harris_impossible_challenge_151674.html
When Trump left office, US debt was $27.748 trillion. Right now (https://www.usdebtclock.org/) it’s $35.403 trillion. Biden/Harris have raised the national debt by over 25% in less than 4 years. Time to stop spending until this is under control. I’d start with foreign aid...most hate us anyway, so why give them my money?
Not really, no.
Government debt as a percentage of GDP
https://en.wikipedia.org/wiki/List_of_countries_by_government_debt
Yes the blood on the floor under the blue hat from under the door tells the rest of the story.
“Actually, this is on the GOP House.”
Regardless, here’s some data, from our Treasury department:
https://www.fiscal.treasury.gov/files/reports-statements/mts/mts0824.pdf
In the last fiscal year (2024), our Federal government spent 30% more than it took in.
Put another way, 6.2 trillion was spent which is 1.9 trillion more than was taken in.
Also, interest paid on our national debt was .843 trillion, which was 19% of the tax revenue received.
One wit to repair the economy (Trump) one into to an off shore bank and friends (Biden).
Well spent
btt
Debt and GDP are meaningless numbers.
It was called COVID you fool.
No, it was the government's expensive, inane, and dangerous response to COVID.
Two weeks to flatten the curve
Shuting down the economy under the guise of stopping a coronavirus
Giving hundreds of billions to big pharma to develop what was an ineffective and sometimes deadly vaccine. As an added insult, big pharma was given tort immunity
Telling people to wear dust masks to protect themselves from viruses etc
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