When Obama was president, it looked like that the national debt would go over 20 trillion before he left office. He did escape that. But---------------------it still hasnt gone over the 20 Trillion mark. Since Trump has become president, the debt clock has noticeably slowed down. Way to go Mr President!!!!!!!!!!!!
From that liberal rag the Washington Times President Trump chastised the press Saturday for not covering the national debt, which has ticked down slightly since he took office, saying that by contrast the debt jumped higher by $200 billion in President Barack Obama’s first month. But the debt actually had been holding fairly steady since just before Thanksgiving, or about two months before Mr. Trump took office. It stood at $19.9 trillion as of the middle of November, came within a whisker of $20 trillion around the new year, and now stands at $19.9 trillion again. To the exact penny, the debt is $33,403,435,024.34 less than it was on Jan. 20. By contrast, the debt was $10.6 trillion when Mr. Obama took office and reached $10.8 trillion a month later, as the government borrowed heavily from taxpayers in the future to splash cash throughout the economy, hoping massive spending and tax cuts would stave off an even deeper recession. Mr. Trump took to Twitter to demand credit: “The media has not reported that the National Debt in my first month went down by $12 billion vs a $200 billion increase in Obama first mo.” Budget watchdogs praised Mr. Trump for keeping an eye on the debt, but said the fluctuations since he took office show normal Treasury transactions, and don’t suggest any broader changes to the country’s underlying debt problem, which is on track to become the worst in U.S. history.
The Washington Times is not a "liberal rag." The Washington Post is the lying liberal rag. Dems have attempted to "resist" the Trump administration by first slowing down his cabinet nominations, which also slows down secondary and other lower nominations. Trump is just now getting up to speed. Beyond that, the people's expectations of the future and less uncertainty have a huge impact on the economy and it's working even with minimal change made at this time. That no doubt began even BEFORE Trump took office. Few people trusted Obama and what he was doing and that's one of the biggest reasons he was unsuccessful with economic improvement. Steve
Please name the policies, specifically, which magically have decreased the deficit at day one of the Trump presidency. it sure wasn't the weekly trips to Mar a Lago.
Well this is what the Washington TIMES said But the debt actually had been holding fairly steady since just before Thanksgiving, or about two months before Mr. Trump took office. It stood at $19.9 trillion as of the middle of November, came within a whisker of $20 trillion around the new year, and now stands at $19.9 trillion again.
. . . and before the debt falls, the economy will and HAS improved to reduce the debt with greater tax revenues. Don't expect ANY journalist to understand how that works. Steve
Can you name a single thing Trump has done to make that happen? Has he actually signed any bills, or had executive orders that were not ruled unconstituional? Has the republican congress done anything? passed any laws? The answer is no they haven't. Trump has done nothing to take any credit for. If I'm wrong, please, point to actual legislation and polices that were put in place, not just his talk? What do you think is going to happen when Trump gives huge tax cuts to wealthy, and the debt goes through the roof?
Meaning you already made a completely stupid comment that you couldn't back up, and here you are doing the typical tactic of claiming you already made the argument, as a deflection. Pathetic. Oh yeah the debt went down because people think the future will be better, great argument. Fact is, nearly every economist predicts Trump will be a disaster. Oh, plus the projections on all his tax cuts for the wealthy show in increase in deficits
That's pure BS. I have a background in economics, Post-Keynesian Economic thought. And I wouldn't even try to explain that someone like yourself. Learn something before you make a fool of yourself. Steve
You couldn't even pass econ101. Post-Keynesian Economics is at the graduate level of economics. Steve
I'm not here to teach you economics. I don't really care what you think, in fact, I hope you and dems keep up your obstruction for the next election, when you LOSE AGAIN since 2010. Steve
I hate to break it to you but Trump hasn't actually done anything to really slow down spending. Plus all his proposed spending cuts are going to be offset with his tax cuts, new infrastructure spending, and new military spending. One explanation for the slowdown is that the government borrowed 1.42 trillion dollars and ran a deficit of about .58 trillion so they still have about 1 trillion of left-over to use for 2017. That probably explains the slowdown from 2016 to 2017. In 2014 the government spent .48 trillion and borrowed 1.1 trillion and since they borrowed so much when they spent .44 trillion in 2015 they only borrowed only about .32 trillion. That would have also looked like a major slowdown.
^^^ It's pathetic how people ignore other posts in thread and then make similarly ignorant statements. Steve
Look it up. The OP is confusing the amount of borrowing with spending which are related but often very different. He also didn't show that Trump has changed much in the way of spending. His plans for tax cuts, military spending, and infrastructure spending will increase the deficit so much that his administration is hoping for 700 billion of increased revenue from economic growth from his plan and even mistakenly counted it twice to make it all work. Its just a big mess. https://www.thebalance.com/us-deficit-by-year-3306306
It really is classic, first off lie about education, then make the argument that is essentially "I can't back up my argument, so I'll just say that others can't possibly explain" Surely someone educated in the economy can do more than post a one line comment, followed by "I made my argument already" I won't hold my breath, so many people on internet forum don't have the decency to make logical, fact based, honest arguments. THey just want to spout belief as fact and that's all that is required
It's pathetic that someone who supposedly had a degree in economics can't post more than a one line deflection and ad hominens. Why won't you just clarify your position? Because it is clear others have pointed out the flaw, yet you keep avoiding it by saying "i already made the argument. Every person lacking facts, logic and reasoning uses this same old nonsense on message boards Just admit it, you got nothing. Because every time you deflect you basically admit you are wrong
