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Trump built a National Debt so big --even before the Pandemic-- that it’ll weigh down the economy for Years


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Post removed for violation of NHB rule 1-d.

""I'M LIKE.....LIKE......SMART.....VERY VERY SMART""

But of course, a week from today, Biden's first full day in office, the cons will blame all of this on Biden.  Get ready for the rants: Biden's a failure because he didn't balance the budget

Hey SHITSTAIN, when you start BITCHING ABOUT OVOMIT'S MASSIVE DEBT ( he makes TRUMP look like a piker), then we can take you seriously!!!

 

Oh, and when  COVIDJOE gets started with HIS MASSIVE HANDOUT PROGRAM, you will INSTANTLY see COVIDJOE have a cool $3 TRILLION IN NEW DEBT!!!

 

Fact is, COVIDJOE is already on track for a COOL $15-20 TRILLION in his first term!!! OR MORE!!!
 

Damn, dude, you gotta PROBLEM there based on YOUR BULLSHIT!!!
 

 

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2 hours ago, benson13 said:

Another of Trump's profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch. The financial burden that he's inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt.

 

The national debt has risen by almost $7.8 trillion during Trump's time in office. That's nearly twice as much as what Americans owe on student loans, car loans, credit cards and every other type of debt other than mortgages, combined, according to data from the Federal Reserve Bank of New York. It amounts to about $23,500 in new federal debt for every person in the country.

 

The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by a leading Washington budget maven, Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center. And unlike George W. Bush and Abraham Lincoln, who oversaw the larger relative increases in deficits, Trump did not launch two foreign conflicts or have to pay for a civil war.

 

Economists agree that we needed massive deficit spending during the COVID-19 crisis to ward off an economic cataclysm, but federal finances under Trump had become dire even before the pandemic. That happened even though the economy was booming and unemployment was at historically low levels. By the Trump administration's own description, the pre-pandemic national debt level was already a “crisis" and a “grave threat."

 

The combination of Trump's 2017 tax cut and the lack of any serious spending restraint helped both the deficit and the debt soar. So when the once-in-a-lifetime viral disaster slammed our country and we threw more than $3 trillion into COVID-19-related stimulus, there was no longer any margin for error.

But of course, a week from today, Biden's first full day in office, the cons will blame all of this on Biden. 

Get ready for the rants:

Biden's a failure because he didn't balance the budget on his first day

Biden's a failure because Covid was not eliminated on his first day.

So on and so forth. It will get worse from there.

Biden knows this and will not be effected. He seems to have a solid long range plan and has the right people in place to carry it out.

So while i KNOW what the right will be ranting, it will not bother me in the least.

I've seen this movie before several times.

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Just now, calguy said:

But of course, a week from today, Biden's first full day in office, the cons will blame all of this on Biden. 

Get ready for the rants:

Biden's a failure because he didn't balance the budget on his first day

Biden's a failure because Covid was not eliminated on his first day.

So on and so forth. It will get worse from there.

Biden knows this and will not be effected. He seems to have a solid long range plan and has the right people in place to carry it out.

So while i KNOW what the right will be ranting, it will not bother me in the least.

I've seen this movie before several times.

going to be a rough 2-4 years for you liberal assholes

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3 hours ago, benson13 said:

Another of Trump's profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch. The financial burden that he's inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt.

 

The national debt has risen by almost $7.8 trillion during Trump's time in office. That's nearly twice as much as what Americans owe on student loans, car loans, credit cards and every other type of debt other than mortgages, combined, according to data from the Federal Reserve Bank of New York. It amounts to about $23,500 in new federal debt for every person in the country.

 

The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by a leading Washington budget maven, Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center. And unlike George W. Bush and Abraham Lincoln, who oversaw the larger relative increases in deficits, Trump did not launch two foreign conflicts or have to pay for a civil war.

 

Economists agree that we needed massive deficit spending during the COVID-19 crisis to ward off an economic cataclysm, but federal finances under Trump had become dire even before the pandemic. That happened even though the economy was booming and unemployment was at historically low levels. By the Trump administration's own description, the pre-pandemic national debt level was already a “crisis" and a “grave threat."

 

The combination of Trump's 2017 tax cut and the lack of any serious spending restraint helped both the deficit and the debt soar. So when the once-in-a-lifetime viral disaster slammed our country and we threw more than $3 trillion into COVID-19-related stimulus, there was no longer any margin for error.

 

Democrat trouble makers have been creating problems for so many years that it has now become the only thing that they know how to accomplish in the world.

 

Start up trouble, create problems, shut down free speech communications, blame Trump.

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AVERAGE EXECUTIVE BRANCH CRIMINAL ACTIONS BY YEAR SINCE 1968
ADMINISTRATION

AVERAGE #

INDICTMENTS

PER YEAR

AVERAGE #

CONVICTIONS

PER YEAR

AVERAGE #

IMPRISONMENTS

PER YEAR

DEMOCRATIC 0.15 0.05 0.05
REPUBLICAN 4.29 3.18 1.21

 

 

Even when we standardize it by getting annual averages, GOP administrations still have 29 times more indictments, 64 times more convictions, and 24 times more prison sentences. 

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3 hours ago, benson13 said:

Another of Trump's profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch. The financial burden that he's inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt.

 

The national debt has risen by almost $7.8 trillion during Trump's time in office. That's nearly twice as much as what Americans owe on student loans, car loans, credit cards and every other type of debt other than mortgages, combined, according to data from the Federal Reserve Bank of New York. It amounts to about $23,500 in new federal debt for every person in the country.

 

The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by a leading Washington budget maven, Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center. And unlike George W. Bush and Abraham Lincoln, who oversaw the larger relative increases in deficits, Trump did not launch two foreign conflicts or have to pay for a civil war.

 

Economists agree that we needed massive deficit spending during the COVID-19 crisis to ward off an economic cataclysm, but federal finances under Trump had become dire even before the pandemic. That happened even though the economy was booming and unemployment was at historically low levels. By the Trump administration's own description, the pre-pandemic national debt level was already a “crisis" and a “grave threat."

 

The combination of Trump's 2017 tax cut and the lack of any serious spending restraint helped both the deficit and the debt soar. So when the once-in-a-lifetime viral disaster slammed our country and we threw more than $3 trillion into COVID-19-related stimulus, there was no longer any margin for error.

1000.jpeg

 

@EltonJohnson will never admit it

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3 hours ago, benson13 said:

Another of Trump's profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch. The financial burden that he's inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt.

 

The national debt has risen by almost $7.8 trillion during Trump's time in office. That's nearly twice as much as what Americans owe on student loans, car loans, credit cards and every other type of debt other than mortgages, combined, according to data from the Federal Reserve Bank of New York. It amounts to about $23,500 in new federal debt for every person in the country.

 

The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by a leading Washington budget maven, Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center. And unlike George W. Bush and Abraham Lincoln, who oversaw the larger relative increases in deficits, Trump did not launch two foreign conflicts or have to pay for a civil war.

 

Economists agree that we needed massive deficit spending during the COVID-19 crisis to ward off an economic cataclysm, but federal finances under Trump had become dire even before the pandemic. That happened even though the economy was booming and unemployment was at historically low levels. By the Trump administration's own description, the pre-pandemic national debt level was already a “crisis" and a “grave threat."

 

The combination of Trump's 2017 tax cut and the lack of any serious spending restraint helped both the deficit and the debt soar. So when the once-in-a-lifetime viral disaster slammed our country and we threw more than $3 trillion into COVID-19-related stimulus, there was no longer any margin for error.

what is the rumor about within the first hundred days Biden is going to do over a trillion dollar debt increase to pay back teacher unions and academic institutions with free money along with giving "undocumented visitors" 1,200 cash each.

 

anyone want to start a pool on the number invading reach a million more by the time the legislation passes?

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3 hours ago, benson13 said:

Another of Trump's profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch. The financial burden that he's inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt.

 

The national debt has risen by almost $7.8 trillion during Trump's time in office. That's nearly twice as much as what Americans owe on student loans, car loans, credit cards and every other type of debt other than mortgages, combined, according to data from the Federal Reserve Bank of New York. It amounts to about $23,500 in new federal debt for every person in the country.

 

The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by a leading Washington budget maven, Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center. And unlike George W. Bush and Abraham Lincoln, who oversaw the larger relative increases in deficits, Trump did not launch two foreign conflicts or have to pay for a civil war.

 

Economists agree that we needed massive deficit spending during the COVID-19 crisis to ward off an economic cataclysm, but federal finances under Trump had become dire even before the pandemic. That happened even though the economy was booming and unemployment was at historically low levels. By the Trump administration's own description, the pre-pandemic national debt level was already a “crisis" and a “grave threat."

 

The combination of Trump's 2017 tax cut and the lack of any serious spending restraint helped both the deficit and the debt soar. So when the once-in-a-lifetime viral disaster slammed our country and we threw more than $3 trillion into COVID-19-related stimulus, there was no longer any margin for error.

Hey, suckering the rubes with scraps from free tax cuts for the rich costs money!

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3 minutes ago, sole result said:

what is the rumor about within the first hundred days Biden is going to do over a trillion dollar debt increase to pay back teacher unions and academic institutions with free money along with giving "undocumented visitors" 1,200 cash each.

A classic example of how easy it is to con easily frightened Deplorables by offering them a scapegoat in every pot.

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21 minutes ago, Duck615 said:

poor benson the room retard

Funnily,  beavis has had you on ignore for a few weeks now, yet continues to post you've been put on ignore...

 

poor little fella, just can't move on...

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2 hours ago, MidnightMax said:

Hey SHITSTAIN, when you start BITCHING ABOUT OVOMIT'S MASSIVE DEBT ( he makes TRUMP look like a piker), then we can take you seriously!!!

 

Oh, and when  COVIDJOE gets started with HIS MASSIVE HANDOUT PROGRAM, you will INSTANTLY see COVIDJOE have a cool $3 TRILLION IN NEW DEBT!!!

 

Fact is, COVIDJOE is already on track for a COOL $15-20 TRILLION in his first term!!! OR MORE!!!
 

Damn, dude, you gotta PROBLEM there based on YOUR BULLSHIT!!!
 

 

Obama had to deal with the flaming bag of feces of the Great Rightard Recession you guys left on his doorstep.  Biden now gets to deal with an out-of-control pandemic, thanks to the incompetence of a trump and a strategery of reality denial.   Perhaps, if you fuck-ups would stop passing on catastrophes, you wouldn't have to bitch non-stop about how Dems clean up after you.

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3 minutes ago, RickyTavy said:

A classic example of how easy it is to con easily frightened Deplorables by offering them a scapegoat in every pot.

Or, how ruling elites promise better tomorrows from now on for free and all anyone has to do is never question possibilities life isn't naturally limited to displaced reproducitons so far.

 

Oh, every reality's physical absolutes, death and taxes.

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2 minutes ago, ROG62 said:

Funnily,  beavis has had you on ignore for a few weeks now, yet continues to post you've been put on ignore...

 

poor little fella, just can't move on...

funny thing is... he can't put me on ignore

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1 minute ago, RickyTavy said:

Obama had to deal with the flaming bag of feces of the Great Rightard Recession you guys left on his doorstep.  Biden now gets to deal with an out-of-control pandemic, thanks to the incompetence of a trump and a strategery of reality denial.   Perhaps, if you fuck-ups would stop passing on catastrophes, you wouldn't have to bitch non-stop about how Dems clean up after you.

biden will be impeached

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The ambiguous gay duo bern an joe are set to release their stimulus/relief democratic bailout  package today rumored to be north of two (2) TRILLION US dollars...

 

look like they'll surpass Trump the first year...what say you beavis?

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10 minutes ago, sole result said:

what is the rumor about within the first hundred days Biden is going to do over a trillion dollar debt increase to pay back teacher unions and academic institutions with free money along with giving "undocumented visitors" 1,200 cash each.

wuuuuuuuuuuut?

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1 minute ago, sole result said:

Or, how ruling elites promise better tomorrows from now on for free and all anyone has to do is never question possibilities life isn't naturally limited to displaced reproducitons so far.

Again, I would stop supporting the Regressive, free-lunch economics.  I would stop blaming vague "elites" and accept the fact that running and caring for America costs money.  I recommend trickle-UP economics, a strategy that helped give us the best economy we ever had in the 1950s.

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