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US debt crosses $40 trillion

US debt crosses $40 trillion

Debates


@Mott-The-Hoople said
facts get in your way?
The yearly deficit number was already $1.5 trillion and then the Republicans passed a tax cut and spending bill along pure partisan lines and then they wonder why deficits are now $2 trillion? And they blame Democrats, none of whom voted for the bill?

Idiots.


@wildgrass said
One important note is that Republicans have been in charge for a while here now, and they don't have any plans for how to fix this. Scott Bessent blames Joe Biden, but Biden's off to pasture and the problem is continuing to get worse with all their new spending plans. Bessent has no plans to fix the deficit or even to make it marginally better. That's why the bond market is going nuts right now.
"Bessent has no plans to fix the deficit or even to make it marginally better."

what is the democrats plan?

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@wildgrass said
The yearly deficit number was already $1.5 trillion and then the Republicans passed a tax cut and spending bill along pure partisan lines and then they wonder why deficits are now $2 trillion? And they blame Democrats, none of whom voted for the bill?

Idiots.
the facts are not what you say

it is BOTH parties...aka the swamp

why dont you join Trump in getting rid of them?

instead you further their propaganda to blame it on one side or the other...meanwhile it keeps growing


@Mott-The-Hoople said
the facts are not what you say

it is BOTH parties...aka the swamp

why dont you join Trump in getting rid of them?

instead you further their propaganda to blame it on one side or the other...meanwhile it keeps growing
It took Obama 8 years to reach 9,32 T debt. It’s taken Trump 5,5 years to reach 10,9 T.

According to your website.

Is he getting rid of the swamp by filling it up with money?


@wildgrass said
The yearly deficit number was already $1.5 trillion and then the Republicans passed a tax cut and spending bill along pure partisan lines and then they wonder why deficits are now $2 trillion? And they blame Democrats, none of whom voted for the bill?

Idiots.
You are carelessly saying that repubs spend, whatever, but you see, we wonder if you are implying dems do not? Close your statements, please.


@Great-King-Rat said
It took Obama 8 years to reach 9,32 T debt. It’s taken Trump 5,5 years to reach 10,9 T.

According to your website.

Is he getting rid of the swamp by filling it up with money?
learn how to read a graph

"Important context: Presidents do not solely control federal spending. Congress sets budgets and tax policy, economic conditions affect revenues, and many spending obligations are inherited from prior administrations. This data measures debt changes during a presidency, not debt changes caused by a presidency.

Both dollar amounts and percentage increases are provided because they tell different stories. A $1 trillion increase was enormous in the 1980s but relatively modest by 2020s standards due to the much larger base."


@Great-King-Rat
Although Trump has never filed for personal bankruptcy, hotels and casino businesses of his have declared bankruptcy six times between 1991 and 2009 due to its inability to meet required payments and to renegotiate debt with banks, owners of stock and bonds and various small businesses.
Trump's number 7 bankruptcy will be his biggest yet, The United States of America. No other president has ever come close to this achievement. Isn't Trump just the greatest president ever!


@Mott-The-Hoople said
learn how to read a graph

"Important context: Presidents do not solely control federal spending. Congress sets budgets and tax policy, economic conditions affect revenues, and many spending obligations are inherited from prior administrations. This data measures debt changes during a presidency, not debt changes caused by a presidency.

Both dollar amounts and pe ...[text shortened]... ase was enormous in the 1980s but relatively modest by 2020s standards due to the much larger base."
Blah blah blah, how’s he getting rid of the swamp if he’s doing the exact same thing, but worse?

What has made people like you so utterly incapable of criticising Trump for what he is and what he’s doing? Is it just that he says he’s on your side that makes you so sheepishly follow in line?


@Phranny said
@Great-King-Rat
Although Trump has never filed for personal bankruptcy, hotels and casino businesses of his have declared bankruptcy six times between 1991 and 2009 due to its inability to meet required payments and to renegotiate debt with banks, owners of stock and bonds and various small businesses.
Trump's number 7 bankruptcy will be his biggest yet, The United States ...[text shortened]... er president has ever come close to this achievement. Isn't Trump just the greatest president ever!
Yes, but see, a bankruptcy is an investment and in time the result of such an investment will become clear.

We’re here playing checkers while Trump is playing 3D-chess and winning.


Trillion/quadrillion whatever. “1st World” countries seem able to recover from monetary disasters (wars etc). 40 trillion…chump change.


@Mott-The-Hoople said
the facts are not what you say

it is BOTH parties...aka the swamp

why dont you join Trump in getting rid of them?

instead you further their propaganda to blame it on one side or the other...meanwhile it keeps growing
Err, I got the numbers and facts from your link, boss.

Republican presidents always make the problem worse over their terms, while Democrats always make the problem better. That's been the case since Reagan. Every single time.

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@Mott-The-Hoople said
learn how to read a graph

"Important context: Presidents do not solely control federal spending. Congress sets budgets and tax policy, economic conditions affect revenues, and many spending obligations are inherited from prior administrations. This data measures debt changes during a presidency, not debt changes caused by a presidency.

Both dollar amounts and pe ...[text shortened]... ase was enormous in the 1980s but relatively modest by 2020s standards due to the much larger base."
Trump's debt in particular is specifically linked to his tax cuts for the wealthy. Congress passed the bill, unfortunately, but it was Trump who championed the cause. The nation was already running in deficit and the specific decision was made to run the country at a higher deficit. He's the cause of all that debt.

Democrats don't do that.


@AverageJoe1 said
You are carelessly saying that repubs spend, whatever, but you see, we wonder if you are implying dems do not? Close your statements, please.
Both parties spend, but only one party cares about paying for that spending.

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@Mott-The-Hoople said
"Bessent has no plans to fix the deficit or even to make it marginally better."

what is the democrats plan?
You mean it is OK for TRUMP to have ZERO plans so you go YEAH, WHATABOUTHIM?
Hey, try something TOTALLY unique, RIDE the question, dive into your defense of Trump without going BIDEN DID IT, OBABA fked it ALL up and such, but of course you will NEVER do such a thing because you KNOW Trump is corrupt and you just don't CARE. I figure you just hope some of that corruption money will drip its way to you.

I bet you even think the Trump near 2 billion dollar slush fund is dead. Ha ha. To pay proud boys and his ultra right wingnuts who injured HUNDREDS of cops, but I don't see a WORD from Trump about retribution for THEM,
So THAT is your orange retard POTUS.


@Mott-The-Hoople said
"Bessent has no plans to fix the deficit or even to make it marginally better."

what is the democrats plan?
I mean, I think its relevant to ask what the current ruling adminstration's plans are rather than the minority party? Or are they just shirking responsibility again?

The worst leaders are the ones who just blame others for all their problems.