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"Trump has made fiscal responsibility THE LEAST of his priorities"


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The United States Government touched a new record for selling long-term debt on Thursday, after the Treasury Department auctioned its latest seven-year notes, the Wall Street Journal reported.

 

The auction raised the total sum of U.S. government notes and bonds ranging from two to 30 years to a whopping $2.55 trillion. According to the Wall Street Journal, the total sum is now up 26% from 2017 — when President Trump and Congress slashed the corporate tax rate from 35% to 21%.

 

American Action Forum Director of Fiscal Policy Gordon Gray told Yahoo Finance’s The Ticker on Friday that with low interest rates, this debt is not sustainable for the U.S. economy.

 

“The debt competes with private investment,” Gray said. “It also means that policymakers have sort of less flexibility to respond to future recessions, geopolitical crises, and other exigencies that frankly, costs a lot of money. Right now, we're at something like 80% of GDP in terms of the debt over the next decade, that's going to start approaching 100% of the GDP. Eventually, we sort of run out of the ability to borrow to pay for crises, and that's a real concern...we sort of raised the possibility raise the risk of a potential fiscal crisis. The higher the debt goes without any plan to address it, the more we entertain that risk.”

 

The federal budget deficit — in which the U.S. government spends more money than it collects from the Treasury Department — is historically large, according to the Congressional Budget Office (CBO). The deficit stands at $960 billion in 2019, according to the CBO, which projects that it will average at $1.2 trillion between 2020 and 2029.

 

The federal debt, the money the U.S. government owes, will climb along with the deficit, from 79% of GDP in 2019 to 95% in 2029, according to the CBO. That’s the highest level since right after World War II.

 

“President Trump has not made fiscal responsibility a priority of his administration,” Gray stated. “We can see the increase in the debt and just his rhetoric on this and unwillingness to address entitlement programs, which are sort of the biggest structural drivers of the U.S. deficit… Recently, we've had the tax cuts... and they cost $1.5-$2 trillion. I think that was a bad mistake fiscally.”

 

The Committee for a Responsible Federal Budget recently reported that policy makers added $2.2 trillion to national debt this year, including additional provisions that will add $500 billion in debt over the next decade.

 

“I think avoiding unforced policy errors would go a long way and sustaining the recovery,” Gray said. “So enough with the trade wars, enough with I think the uncertainty that he's [Trump] injected just into the overall policy process. So I'd like to see just a little bit more certainty in the policy outlook. I don't expect a lot of big legislative accomplishments next year.”

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Aside from Cabinet-level appointments, a ProPublica investigation found that at least 187 Trump political appointees have been federal lobbyists.

 

CREW slammed Trump for “filling the swamp with lobbyists” and special interests despite his repeated vow to “drain the swamp.”

 

“Trump’s actions upon taking office also demonstrate — despite the tough campaign rhetoric attacking Washington, D.C.’s ‘revolving door’ — not only an unwillingness to take on special interests, but a continued expansion of the influence of lobbyists on his administration,” the group said in a statement. “Trump has abjectly failed to ‘drain the swamp.’ To the contrary, he has repeatedly turned to industry insiders and lobbyists to advise him.”

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Poor beanie.

 

Hey SCHITSTAIN, how does it FEEL knowing that PRESIDENT TRUMP lives 100% TOTALLY RENT FREE INSIDE THAT MASSIVE, CAVERNOUS, EMPTY FUC'KING SKULL OF YOURS????

 

I mean TRUMP has occupied EVERY SINGLE SQUARE MM OF SPACE YOU HAVE UP THERE!!!

 

God, THAT'S funnier than anything you can imagine!!!

 

ROFLMAO!!!

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Just now, Squatchman said:

 Trump now owns that distinction.

One thing that he did better than Obama.

 

  MAGA

Hey Harvard...

Every president had "record debt" at the time...

 

Vote for Liz Warren...

She promises free college. loan forgiveness, healthcare for illegals, Green Deal and Medicare for All..

And of course reparations..

 

Then you can really explain about debt

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Vote for Liz Warren...or bernie

She promises free college. loan forgiveness, healthcare for illegals, Green Deal and Medicare for All..

And of course reparations..

Then you can really explain about debt

 

 

 

 

they'd spend like republiKlans...they won't get my vote

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Just now, benson13 said:

Vote for Liz Warren...or bernie

She promises free college. loan forgiveness, healthcare for illegals, Green Deal and Medicare for All..

And of course reparations..

Then you can really explain about debt

 

 

 

 

they'd spend like republiKlans...they won't get my vote

Over 180 new lifetime Trump judges.  :)

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Just now, benson13 said:

Vote for Liz Warren...or bernie

She promises free college. loan forgiveness, healthcare for illegals, Green Deal and Medicare for All..

And of course reparations..

Then you can really explain about debt

 

 

 

 

they'd spend like republiKlans...they won't get my vote

Tell us

Who are you voting for and what have they said about spending and debt?

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Zhannity....Biden gets my vote,  and hoping he picks Amy Klobuchar for VP.....and of course I'll be with the Majority again

 

 

(and I guarantee you Leftwinger & "the boyz" with vote for someone else and not the Nominee Biden)

 

 

they'll F it up again.....and pat themselves on the back for being "individuals" as they help the gop continue to Destroy America

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8 minutes ago, Z09 said:

Hey Harvard...

Every president had "record debt" at the time...

 

Vote for Liz Warren...

She promises free college. loan forgiveness, healthcare for illegals, Green Deal and Medicare for All..

And of course reparations..

 

Then you can really explain about debt

  So every time you bring up Obama it's just fluff.

 Is he in your dreams?

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12 minutes ago, Squatchman said:

 Trump now owns that distinction.

One thing that he did better than Obama.

 

  MAGA

No one ran up the debt like Obama.

 

Would you please shut up and get that pet bear so we can all watch a video of you getting Mauled.   LOL

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4 minutes ago, Squatchman said:

Trump is adding to the debt faster than any other president.

The one and only thing he is better at than Obama.

Obama also deported 3 million illegals...

 

But under Trump it's because he's a racist...

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Just now, benson13 said:

Nobody ever handed another incoming President the DISASTERS President Obama was given....Our entire Econmic System was Imploding

 

 

meanwhile...8 yrs later, your POS was handed a thriving Economy...which he called "a mess"

Really?

 

Clinton handed Bush 911

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Zhannity

"""""Clinton handed Bush 911"""""

 

 

 

Clinton vs. Terror, Republicans vs. Clinton

President Clinton led the fight against terrorism over strong opposition from Republicans in Congress and the pro-Republican Media. Here's a partial - yet incredibly long - list of accomplishments against terrorism for which the Clinton Administration gets almost no credit or even recognition. President Clinton:

-- sent legislation to Congress to TIGHTEN AIRPORT SECURITY. (Remember, this is before 911) The legislation was defeated by the Republicans because of opposition from the airlines.

-- sent legislation to Congress to allow for BETTER TRACKING OF TERRORIST FUNDING. It was defeated by Republicans in the Senate because of opposition from banking interests.

-- sent legislation to Congress to add tagents to explosives, to allow for BETTER TRACKING OF EXPLOSIVES USED BY TERRORISTS. It was defeated by the Republicans because of opposition from the NRA.

When Republicans couldn't prevent executive action, President Clinton:

-- Developed the nation's first anti-terrorism policy, and appointed first national coordinator.

-- Stopped cold the planned attack to blow up 12 U.S. jetliners simultaneously.

-- Stopped cold the planned attack to blow up UN Headquarters.

-- Stopped cold the planned attack to blow up FBI Headquarters.

-- Stopped cold the planned attack to blow up the Israeli Embassy in Washington.

--Stopped cold the planned attack to blow up Boston airport.

-- Stopped cold the planned attack to blow up Lincoln and Holland Tunnels in NY.

-- Stopped cold the planned attack to blow up the George Washington Bridge.

-- Stopped cold the planned attack to blow up the US Embassy in Albania.

-- Tried to kill Osama bin Laden and disrupt Al Qaeda through preemptive strikes (efforts denounced by the G.O.P.).

-- Brought perpetrators of first World Trade Center bombing and CIA killings to justice.

-- Did not blame Bush I administration for first World Trade Center bombing even though it occurred 38 days after they had left office. Instead, worked hard, even obsessively -- and successfully -- to stop future terrorist attacks.

-- Named the Hart-Rudman commission to report on nature of terrorist threats and major steps to be taken to combat terrorism.

-- Tripled the budget of the FBI for counterterrorism and doubled overall funding for counterterrorism.

-- Detected and destroyed cells of Al Qaeda in over 20 countries

-- Created a national stockpile of drugs and vaccines including 40 million doses of smallpox vaccine.

-- Robert Oakley, Reagan Counterterrorism Czar says of Clinton's efforts "Overall, I give them very high marks" and "The only major criticism I have is the obsession with Osama"

-- Paul Bremer, Bush's Administrator of Iraq disagrees slightly with Robert Oakley saying he believed the Clinton Administration had "correctly focused on bin Laden. "

-- Barton Gellman of the Washington Post put it best, "By any measure available, Clinton left office having given greater priority to terrorism than any president before him" and was the "first administration to undertake a systematic anti-terrorist effort."

 



HERE...., in stark contrast, is part of the Bush-Cheney anti-terrorism record before September 11, 2001:

-- Backed off Clinton administration's anti-terrorism efforts.

-- Shelved the Hart-Rudman report.

-- Appointed new anti-terrorism task force under Dick Cheney. Group did not even meet before 9/11.

-- Called for cuts in anti-terrorism efforts by the Department of Defense.

-- Gave no priority to anti-terrorism efforts by Justice Department.

-- Ignored warnings from Louis Freeh, George Tenet, Paul Bremer, and Richard Clarke about the urgency of terrorist threats.

-- Halted Predator drone tracking of Osama bin Laden.

-- Did nothing in wake of August 6 C.I.A. report to president saying Al Qaeda attack by hijack of an airliner almost certain.

-- Bush - knowing about the terrorists' plans to attack in America, warned that terrorists were in flight schools in the US - took a four week vacation.

-- By failing to order any coordination of intelligence data, missed opportunity to stop the 9/11 plot as Clinton-Gore had stopped the millennium plots.

-- Blamed President Clinton for 9/11.

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1 minute ago, Z09 said:

Obama also deported 3 million illegals...

 

But under Trump it's because he's a racist...

  Obama,Obama, Obama. 

  Who is the president who owns the largest debt in the history of the U.S.?

 Trump is.

 No matter that he is a racist.

 He sucks at the whole reducing the debt thing like he said.

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Just now, benson13 said:

Zhannity

"""""Clinton handed Bush 911"""""

 

 

 

Clinton vs. Terror, Republicans vs. Clinton

President Clinton led the fight against terrorism over strong opposition from Republicans in Congress and the pro-Republican Media. Here's a partial - yet incredibly long - list of accomplishments against terrorism for which the Clinton Administration gets almost no credit or even recognition. President Clinton:

-- sent legislation to Congress to TIGHTEN AIRPORT SECURITY. (Remember, this is before 911) The legislation was defeated by the Republicans because of opposition from the airlines.

-- sent legislation to Congress to allow for BETTER TRACKING OF TERRORIST FUNDING. It was defeated by Republicans in the Senate because of opposition from banking interests.

-- sent legislation to Congress to add tagents to explosives, to allow for BETTER TRACKING OF EXPLOSIVES USED BY TERRORISTS. It was defeated by the Republicans because of opposition from the NRA.

When Republicans couldn't prevent executive action, President Clinton:

-- Developed the nation's first anti-terrorism policy, and appointed first national coordinator.

-- Stopped cold the planned attack to blow up 12 U.S. jetliners simultaneously.

-- Stopped cold the planned attack to blow up UN Headquarters.

-- Stopped cold the planned attack to blow up FBI Headquarters.

-- Stopped cold the planned attack to blow up the Israeli Embassy in Washington.

--Stopped cold the planned attack to blow up Boston airport.

-- Stopped cold the planned attack to blow up Lincoln and Holland Tunnels in NY.

-- Stopped cold the planned attack to blow up the George Washington Bridge.

-- Stopped cold the planned attack to blow up the US Embassy in Albania.

-- Tried to kill Osama bin Laden and disrupt Al Qaeda through preemptive strikes (efforts denounced by the G.O.P.).

-- Brought perpetrators of first World Trade Center bombing and CIA killings to justice.

-- Did not blame Bush I administration for first World Trade Center bombing even though it occurred 38 days after they had left office. Instead, worked hard, even obsessively -- and successfully -- to stop future terrorist attacks.

-- Named the Hart-Rudman commission to report on nature of terrorist threats and major steps to be taken to combat terrorism.

-- Tripled the budget of the FBI for counterterrorism and doubled overall funding for counterterrorism.

-- Detected and destroyed cells of Al Qaeda in over 20 countries

-- Created a national stockpile of drugs and vaccines including 40 million doses of smallpox vaccine.

-- Robert Oakley, Reagan Counterterrorism Czar says of Clinton's efforts "Overall, I give them very high marks" and "The only major criticism I have is the obsession with Osama"

-- Paul Bremer, Bush's Administrator of Iraq disagrees slightly with Robert Oakley saying he believed the Clinton Administration had "correctly focused on bin Laden. "

-- Barton Gellman of the Washington Post put it best, "By any measure available, Clinton left office having given greater priority to terrorism than any president before him" and was the "first administration to undertake a systematic anti-terrorist effort."

 



HERE...., in stark contrast, is part of the Bush-Cheney anti-terrorism record before September 11, 2001:

-- Backed off Clinton administration's anti-terrorism efforts.

-- Shelved the Hart-Rudman report.

-- Appointed new anti-terrorism task force under Dick Cheney. Group did not even meet before 9/11.

-- Called for cuts in anti-terrorism efforts by the Department of Defense.

-- Gave no priority to anti-terrorism efforts by Justice Department.

-- Ignored warnings from Louis Freeh, George Tenet, Paul Bremer, and Richard Clarke about the urgency of terrorist threats.

-- Halted Predator drone tracking of Osama bin Laden.

-- Did nothing in wake of August 6 C.I.A. report to president saying Al Qaeda attack by hijack of an airliner almost certain.

-- Bush - knowing about the terrorists' plans to attack in America, warned that terrorists were in flight schools in the US - took a four week vacation.

-- By failing to order any coordination of intelligence data, missed opportunity to stop the 9/11 plot as Clinton-Gore had stopped the millennium plots.

-- Blamed President Clinton for 9/11.

 

^^^^^ TRANSLATION.....

 

"Clinton handed Bush 911"

 

Does SCHITSTAINS realize how he VALIDATES all that happened with his idiotic posts???

 

ROFLMAO!!!

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