0 Members and 1 Guest are viewing this topic.
A serious case of fiscal amnesia may soon be sweeping the GOP.For eight years, Republicans hammered President Barack Obama for exploding the national debt. But now a GOP-led spending spree is coming, with Donald Trump riding to the White House on trillion-dollar promises and a Republican Congress that looks likely to do his bidding. It’s a potential echo of the last time Republicans ran Washington, when then-Vice President Dick Cheney memorably remarked, “Deficits don’t matter.”.....http://www.politico.com/story/2016/11/deficit-donald-trump-republicans-231372
This article is pure unadulterated speculation.
Perhaps.But if history is any guide......
No "perhaps", just fact. Let wait an see actions rather then let the 92% anti Trump reporting "News Media' tells us what to think
Fifty bucks to one's favorite charity says Trump's first budget proposal is the same or higher than BHO's last
We are getting to the point where even a slight rise in interest rates will means interest will start sucking up major portions of tax revenue
Put the crack pipe down. Donny has said that he would deal with the deficit by borrowing as much as he possibly can and then defaulting. The deficit isn't on the back burner. It was taken off the stove and fed to the raccoons out back.
http://www.politifact.com/truth-o-meter/article/2016/may/16/closer-look-donald-trumps-comments-about-refinanci/He did say that and more. Very
Has he shown anything so far that would indicate he would balance the budget?
He certainly didn't campaign that he would. Nothing ever posted on his campaign website about it. Not even his supporters made mention of it.But we do know that he proposed a $1 trillion Obama-style 'stimulus' bill. And then of course there's that wall to be built. Not sure why he expects Mexico to pay for it when the US won't pay its own bills. Maybe Mexico can simply print up the money just as the US government is currently doing.
Not if we Balance the budget now. Future rises in interest rates affect future borrowing.
Congress may have something to say about that