TRUMP'S RISING DEBTS WILL SOON FORCE THE U.S. TO SPEND MORE ON INTEREST THAN MEDICAID, DEFENSE

So the party that accosted Obama for eight years over the rising debt — even though the deficit was cut every full year he was in office — have suddenly gone silent about fiscal responsibility in the last two years.

Strange coincidence I assume?

 

Sorry bunkie but with economic boom also comes higher interest rates. This has been going on for years and will continue to do so till long after Trump is out of office and Chelsea becomes president.

 

Oh my stars, this is terrible!

Balanced Budget Amendment, right away! I assume that will be one of the first pieces of legislation of the new Democratic Congress?

 

Yeah, I think SS starts to get it's money back next year so I guess someone need to have a good year if China doesn't buy it.

 

There is no economic boom. There's a massive stock market bubble, though. Should be fun when that finally bursts.

 

Yep, the can continues to be kicked down the road. One of the best options we have, and have had for a long time, is to retool our military, it's new primary purpose being geared towards national defense.

 

Obama’s greatest failure was not getting control of the debt.

Trump FanBoys are now screaming for more debt.

Whatever.

 

You are seriously blaming this on Trump? Wow! You don't care much about your credibility do ya?

 

The only way out of this national debt spiral is to privatize Social Security, Medicare, and Medicaid. This will result in much better retirement and healthcare benefits as well as reducing the yearly budget deficits Additionally the economy will benefit greatly from the reduced tax rates.

 

Obama blew up the national debt. That and not growing the economy are colossal failures.

 

During the 2016 presidential campaign, Republican candidate Donald Trump promised he would eliminate the nation’s debt in eight years. Instead, his budgets would add $8.3 trillion in four years. It would increase the U.S. debt to $25 trillion.

https://www.thebalance.com/trump-plans-to-reduce-national-debt-4114401

 

You are blaming Trump whose tax cuts have added ~ $100 B per year to the deficit ?? It's amazing how little the lefties actually know.

 

I've always loved the idea of allowing individuals to invest the percentage of their earnings witheld for S.S., in whatever manner they wish. I'm honestly not too bothered by the fact that there's tax funded medicade, medicare, and disability, I'm only bothered by the fact that there's fraud involved... both through intention, and individuals who've qualified but shouldn't have.

 

Obama's first term debt was very much reasonable and explainable.

His second term debt though....that was simply irresponsible.

His annualized GDP growth was better then both Bush's

https://www.bloomberg.com/view/articles/2018-08-01/ranking-presidents-economic-records-by-gdp-growth

 

Oh I blame tons of sources — both Dem and Con, Trump has only added an accelerant to an already burning fire.

In the end it’s the fault of the voters for not holding their party accountable.

 

He didn't promise anything. Read the transcript. Another leftie who doesn't do their homework is exposed. Too funny.

 

Sorry, tax cuts do not add to the debt, spending does. We need spending cuts NOW!

 

And still another case of how to lie with statistics. Come'on man.

 

And the only way to significantly cut government spending is to privatize Social Security, Medicare, and Medicaid. Less spending better benefits. Win - Win.

 

Read this:

https://www.forbes.com/sites/merril...security-accounts-and-prospered/#3b04da832832

 

Trump cannot cut spending due to the lack of 60 votes in the Senate. No Democrat will vote to cut spending. Had Obama wanted to cut spending he would have received maximum support from Republicans. It's the Big Gov Democrats who spend like drunken sailors.

 

it's ok if Trump sets new record high debt records... he is white and a republican, same as when Bush was President and almost doubled the debt

 

tax cuts for the rich do increase debt as does two 10+ year wars and corps sending our IT jobs overseas to countries like India

is Trump gonna lead by example and bring his own businesses jobs back to the USA?

 

The war on terror and the war on drugs have been two of the biggest contributors to the fiscal issues in the United States. Both started by cons.

Healthcare is another huge contributor. Which is completely ignored by cons unless they are calling for higher profits for pharmaceutical and insurance companies.

Cons want to cut 10% out of a single mothers food stamps while asking for massive hikes for defense spending - even though we spend more than most other countries combined.

 

Speaking of transcripts. Here is one now:

We’re a debtor nation. We’ve got to get rid of — I talked about bubble. We’ve got to get rid of the $19 trillion in debt.

BW: How long would that take?

DT: I think I could do it fairly quickly, because of the fact the numbers . . . .

BW: What’s fairly quickly?

DT: Well, I would say over a period of eight years. And I’ll tell you why.

BW: Would you ever be open to tax increases as part of that, to solve the problem?

https://www.washingtonpost.com/news...t-costa/?noredirect=on&utm_term=.fafd8bcfe7ec