It became very clear this month that neither the Trump White House nor its allies on Capitol Hill want you to know that the federal budget is already in very bad shape ... and getting worse.
It happened when the U.S. Treasury, the official keeper of Washington’s financial results, issued its monthly statement for the first 10 months of fiscal 2018 about federal revenues and spending and, therefore, the budget deficit.
Treasury showed what no president ever wants to admit: the deficit is spiking. The federal government’s red ink this year is already 21 percent above what it was in 2017 and there are few prospects that the bottom line will improve anytime soon.....
https://www.usatoday.com/story/opinion/2018/08/20/donald-trump-trillion-dollar-plus-deficits-fiscal-ruin-column/986236002/ (https://www.usatoday.com/story/opinion/2018/08/20/donald-trump-trillion-dollar-plus-deficits-fiscal-ruin-column/986236002/)
Where was USA Today during the Obama years? Now that interest rates are going up, the deficits will start looking even worse.
I completely agree with @AbaraXas , all is forgiven when there's an "R" after the name.
Maybe he thinks he can just file Chapter 11 and get rid of all the debt that way.
It seems as the Democrats are going full blown, unapologetic Communist, Republicans are taking their place as the Democrat party of old. At that, it seems there are very few things now different from Jimmy Carter Democrats of the 70s as Republicans of today.
(https://media.giphy.com/media/3orieVltMEVfA97CSY/giphy.gif)
Trump has the CNBC guy, Kudlow. I've got to think someone over there knows what they are doing.
It's an established fact that Trump's companies have filed for bankruptcy on multiple occasions. He called himself the "King of Debt", didn't he?
Donald Trump, speaking with CNBC, praised himself as the "king of debt,†adding, "I love debt; I love playing with it."
Trump pontificated, "We're paying a very low interest rate. What happens if that interest rate goes up 2, 3, 4 points? We don't have a country. We do need money to rebuild the infrastructure of the country.â€
Article marked clearly as an opinion piece.
For the record, the trillion-dollar deficits started under Bush and the Democrat congress, then made worse by Obama before sequestration. They're not just Trump's, but he's not helping.
Bush left office as the biggest spending President in American history...Obama took over and said "hold my beer" and now Trump is saying "wanna see something cool?"
For the record, the trillion-dollar deficits started under Bush and the Democrat congress, then made worse by Obama before sequestration. They're not just Trump's, but he's not helping.
True, but Trump is just making it worse at a far faster rate than before.
What's more troubling though (after all, he is just doing what a politician does- tax and spend), is that now, so-called Conservatives are now defending and even praising deficit spending. At least under Bush we complained about it even though he wore an R on his jersey. This, along with so many things, is reflecting a fundamental shift in the political parties leftward and those who in the past spoke against it, are cheering it to thunderous applause.
For the record, the trillion-dollar deficits started under Bush and the Democrat congress, then made worse by Obama before sequestration. They're not just Trump's, but he's not helping.
Bleh. I have been hearing from you deficit hawks for 3 or 4 decades now about how the the whole thing is going to collapse because of the deficit. I haven't seen things this good out on the streets in years. Dollar strong. People have jobs. Peoples lifestyles are getting better. Nothing you guys claim will happen ever happens. You guys now have about as much credibility as the Peak Oil druids.
Wake me up when something actually happens because of the deficit.
Except the SOB made a campaign promise on March 31, 2016 WP interview to eliminate the deficit in 8 years. Oops.... duped again.
Bleh. I have been hearing from you deficit hawks for 3 or 4 decades now about how the the whole thing is going to collapse because of the deficit. I haven't seen things this good out on the streets in years. Dollar strong. People have jobs. Peoples lifestyles are getting better. Nothing you guys claim will happen ever happens. You guys now have about as much credibility as the Peak Oil druids.
Wake me up when something actually happens because of the deficit.
Gosh. Has it been 8 years since Trump was elected? I better update my calendar.
A Sanders-led government would be about 5 times that amount. Free everything.
True, but Trump is just making it worse at a far faster rate than before.
It's an established fact that Trump's companies have filed for bankruptcy on multiple occasions. He called himself the "King of Debt", didn't he?
I thought the deficit was down from the Obama years.
(https://www.usgovernmentdebt.us/usgs_line.php?title=Recent%20Federal%20Deficits&units=b&size=t&legend=&year=2007_2017&sname=US&bar=1&stack=1&col=c&source=a_a_a_a_a_a_a_a_a_a_a&spending0=160.71_458.55_1412.69_1294.37_1299.59_1086.95_679.54_484.60_438.49_584.65_665.37)
https://www.usgovernmentdebt.us/us_deficit (https://www.usgovernmentdebt.us/us_deficit)
Pfffffff... When the house of cards finally collapses you really think you will need to be woke up. You run up the credit card to infinity nuts crack me up.
For well over 40 years now this has been an issue. Nothing has been done to correct the issue and it has gotten worse. Nothing has happened as a result.
You can sit pounding away at a keyboard at a very limited audience like Chicken Little. I'm going to go on with my life and worry about real shit I can actually see. We'll see who has the richer life in the end.
For well over 40 years now this has been an issue. Nothing has been done to correct the issue and it has gotten worse. Nothing has happened as a result.
You can sit pounding away at a keyboard at a very limited audience like Chicken Little. I'm going to go on with my life and worry about real shit I can actually see. We'll see who has the richer life in the end.
For well over 40 years now this has been an issue. Nothing has been done to correct the issue and it has gotten worse. Nothing has happened as a result.
You can sit pounding away at a keyboard at a very limited audience like Chicken Little. I'm going to go on with my life and worry about real shit I can actually see. We'll see who has the richer life in the end.
You can ignore the laws of economics all you like.
Economics is a social science.
And they will curse your memory.
As well as mine when they get to suffer the consequences we have sown in indifference, just so we can enjoy our rich lives without concern for anything but ourselves.
For well over 40 years now this has been an issue. Nothing has been done to correct the issue and it has gotten worse. Nothing has happened as a result.
You can sit pounding away at a keyboard at a very limited audience like Chicken Little. I'm going to go on with my life and worry about real shit I can actually see. We'll see who has the richer life in the end.
Your posterity won't.
And they will curse your memory.
As well as mine when they get to suffer the consequences we have sown in indifference, just so we can enjoy our rich lives without concern for anything but ourselves.
For the record, the trillion-dollar deficits started under Bush and the Democrat congress, then made worse by Obama before sequestration. They're not just Trump's, but he's not helping.
The same posterity who support the presidential candidate who promises to forgive their school loans? That posterity?
Exactly. Certainly the deficit is a concern, but monies (though pale in comparison) are starting to come back into the U.S. People are finding jobs.
Gosh. Has it been 8 years since Trump was elected? I better update my calendar.
You can ignore the laws of economics all you like.
As long as we can print money out of thin air and people ascribe it value - you can continue the bullshit and ponzi schemes.
Once that faith in the fiat evaporates - we're gonna make Venezuela look like a picnic in the park.
But you go ahead and let the Normalcy Bias tell you that we can continue to spend trillions in credit debt without consequence as long as it is a Republican spending it.
Could have heard the same quote in 1928.
Something also to be said of the U.S. abandoning the gold standard five years later.
And the posterity that will know and understand firsthand that laws of economics - like physics, are exacting. Especially when all the artificial attempts to defy it, fail and we all come crashing back to earth at terminal velocity.
At the rate the birth rate is headed, no one will have to worry about what our posterity will do because there won't be any posterity. They think they can avoid that by simply not having kids. We are already below replacement.
I wonder why this isn't a campaign issue for conservatives running for election in the midterms. :pondering:
The Dems would run (under Bernie Sanders) a reported 15 TRILLION-dollar deficit for single-payer health insurance alone. Clinton, should she run again, would likely be at least half of that. Trump's plan is significantly less.Talk about putting the country on a path to financial ruin!
Oh yes, let's all go bonkers to cheerlead the man signing us onto 4-plus Trillion in debt (by the time he leaves office) because it is LESS than the 15 Trillion the Communists want to spend!
The Republican Party's new slogan - "Vote for us, because we will tax and spend your money less egregiously than the Democrats".
This is the same mental idiocy that buys into the belief that slowing the rate of projected spending increases is a budget 'cut'.
Exactly. Certainly the deficit is a concern, but monies (though pale in comparison) are starting to come back into the U.S. People are finding jobs. The U.S. economy is growing; in the 2nd quarter it grew at it's fastest pace since 2014; that's 14 years!
http://fortune.com/2018/07/27/us-gdp-growth-trump/ (http://fortune.com/2018/07/27/us-gdp-growth-trump/)
https://www.heritage.org/jobs-and-labor/commentary/3-million-people-have-found-jobs-trump-took-office (https://www.heritage.org/jobs-and-labor/commentary/3-million-people-have-found-jobs-trump-took-office)
https://www.bloomberg.com/news/articles/2018-06-21/trump-s-metal-tariffs-have-yielded-more-than-775-million-so-far (https://www.bloomberg.com/news/articles/2018-06-21/trump-s-metal-tariffs-have-yielded-more-than-775-million-so-far)
You do the math. Which party would cost us less? Repubs or Dems? Looks like they're the only two viable political parties on the horizon...
It's amazing that the NTers here are suddenly worrying about the deficit and more amazing that they are attributing all of it to Trump when only a small fraction happened on his watch.
You do the math. Which party would cost us less? Repubs or Dems? Looks like they're the only two viable political parties on the horizon...
You do the math. Which party would cost us less? Repubs or Dems? Looks like they're the only two viable political parties on the horizon...I'm kinda like the guy who talking about his divorce, said "If I'd just killed her, I'd be out by now."
You do the math. Which party would cost us less? Repubs or Dems? Looks like they're the only two viable political parties on the horizon...
Exactly, @libertybele . And that is more important, at least in the short run.
It's amazing that the NTers here are suddenly worrying about the deficit and more amazing that they are attributing all of it to Trump when only a small fraction happened on his watch.
Exactly, @libertybele . And that is more important, at least in the short run.
It's amazing that the NTers here are suddenly worrying about the deficit and more amazing that they are attributing all of it to Trump when only a small fraction happened on his watch.
100% of the deficit happened on his watch.That's only true if you assume we start with a clean slate every year. While that would be nice, there are a LOT of continuing programs and tax policies put into place by preceding governments that make cutting much more difficult.
Personally, I have always put most of the blame on spending where it belongs, on Congress. But most people talk about how POTUS is responsible for the deficit (or GDP, or any other number of things that he is not), and in that context trumps owns ALL of our deficit.
Where was USA Today during the Obama years? Now that interest rates are going up, the deficits will start looking even worse.
I completely agree with @AbaraXas , all is forgiven when there's an "R" after the name.
100% of the deficit happened on his watch.
Personally, I have always put most of the blame on spending where it belongs, on Congress. But most people talk about how POTUS is responsible for the deficit (or GDP, or any other number of things that he is not), and in that context trumps owns ALL of our deficit.
That's just crazy talk.
Maybe he thinks he can just file Chapter 11 and get rid of all the debt that way.
You do the math. Which party would cost us less? Repubs or Dems? Looks like they're the only two viable political parties on the horizon...I'll take the kool-aid laced with cyanide Tim. You've convinced me neither party cares a spit for America.
I'll take the kool-aid laced with cyanide Tim. You've convinced me neither party cares a spit for America.
Republican's - We're less poison.
Principled Conservatives have never stopped worrying about the deficit and spending
One thing principled conservatives are good at is worrying --- about everything from what's happening in Washington to porn stars.
Action, credibility and effectiveness are where they fall short. :laugh:
@INVAR
One thing principled conservatives are good at is worrying --- about everything from what's happening in Washington to porn stars.
Action, credibility and effectiveness are where they fall short. :laugh:
@INVAR
One thing principled conservatives are good at is worrying --- about everything from what's happening in Washington to porn stars.
Action, credibility and effectiveness are where they fall short. :laugh:
@INVAR
Character matters.
It's amazing that the NTers here are suddenly worrying about the deficit and more amazing that they are attributing all of it to Trump when only a small fraction happened on his watch.
Not sure who these "NTers" are that you are referring to. But I can assure you that NLers like myself have been screaming about deficits since junior high school. And it galls me to no end to hear people on this forum make excuses for ever more borrow/print and spend.
For the record, the trillion-dollar deficits started under Bush and the Democrat congress, then made worse by Obama before sequestration. They're not just Trump's, but he's not helping.
Sad thing is Bernie is to the right of Trump on trade.
Nope. Bush's last budget was $400 billion. But the Democrat Congress only funded it from Oct 2008 to Feb 2009. At which point they then passed a bill funding the remaining seven months (which President Obama signed), and at the end of the fiscal year, the massive deficit from those final seven months was attributed to Bush.The bank bailouts alone were $700 billion.
The bank bailouts alone were $700 billion.
Wasn't that done "off-budget"? Hank Paulson deserves a special place in hell for that plan.
Our current Treasury Secretary Mnuchin made his fortune from a sweetheart deal on IndyMac.
OTOH, the bank bailout provided me, and about 1000 other professionals, with nearly five full years employment working for the FDIC. The Dallas office was in charge of the 500+ banks that were closed from 2008-2013.
Off topic for a second...speaking of the FDIC...I remember when their largest office in Texas was in Midland because of all the bank failures out there related to the 1983 oil bust.
Where was USA Today during the Obama years?
@Night Hides Not
Doing the same thing they are doing now,following their masters orders.
Seems like even some of you fail to understand that with only a half-term in office,Trump is STILL dealing with the effects of the Dim budget under Obomber.
But go ahead and keep blaming Trump for what the Dims did if it makes you feel smarter.
OTOH, Trump is getting all of the credit for our booming economy, which was in a mild upswing when he took office. As we all know, Presidents get too much credit, or blame, with our economy.
The only cuts we've seen in the budget are the $200 million to the Palestinian authority. Spending has exploded under Trump, to the tune of a trillion dollar deficit this year.
More blame should be laid at the feet of Ryan and the Turtle, but Trump is the POTUS, and has tools at his disposal, if he wants to use them.
I think that was the Resolution Trust Corp (RTC), but I'm sure they had input with the FDIC. Many of the people I worked with were veterans from the RTC.@txradioguy Something like that happened in Denver, too. Silverado Savings and Loan....Neil Bush
@Night Hides NotIt usually takes a term for the hangover from previous fiscal policy to be either fixed by the new administration's policy or made even worse. It is not uncommon that dems will take credit for the follow through of Republican policy, but rarer yet that they will fail to point the finger for the aftereffects of their failed policy at those who follow their administrations.
Doing the same thing they are doing now,following their masters orders.
Seems like even some of you fail to understand that with only a half-term in office,Trump is STILL dealing with the effects of the Dim budget under Obomber.
But go ahead and keep blaming Trump for what the Dims did if it makes you feel smarter.
@txradioguy Something like that happened in Denver, too. Silverado Savings and Loan....Neil Bush
https://www.upi.com/Archives/1991/05/30/Neil-Bush-others-settle-Silverado-lawsuit-for-495-million/2631675576000/ (https://www.upi.com/Archives/1991/05/30/Neil-Bush-others-settle-Silverado-lawsuit-for-495-million/2631675576000/)
@txradioguy Something like that happened in Denver, too. Silverado Savings and Loan....Neil Bush
https://www.upi.com/Archives/1991/05/30/Neil-Bush-others-settle-Silverado-lawsuit-for-495-million/2631675576000/ (https://www.upi.com/Archives/1991/05/30/Neil-Bush-others-settle-Silverado-lawsuit-for-495-million/2631675576000/)
LegalAmerican
Posts 26,648
22 Aug 2018,
100 BILLION DOLLARS coming into America! Past due payments from UN alone. Business coming back to America.
Getting rid of ILLEGALS..another 300 BILLION A YEAR, expense to deal with them; Medical, food, housing, welfare, SCHOOLS expense, and incarceration. Then deportation expense.
President TRUMP, is totally correct!
Who would be against prosperity, safety for Americans? Who would be against that?
400K,,,a year saved, as PRESIDENT TRUMP,,TAKES NO PAY for this job, yet he works 100 hours a week for we the people.
Then all the lies, slander, 24/7,,,,,for two years. No, he is NOT PERFECT,,,he is,,HUMAN. I like human, like the rest of us.
The bank bailouts alone were $700 billion.
Getting rid of ILLEGALS..another 300 BILLION A YEAR, expense to deal with them; Medical, food, housing, welfare, SCHOOLS expense, and incarceration. Then deportation expense.
Exactly how many illegals did we get deported last year for that $300 billion?
Only half that amount was paid out under Bush. It was paid back in full with interest.
@Smokin Joe IIRC when that happened it caused a lot of revision of the FDIC laws.Denver was (and generally remains) one of the foci of the oil industry in the Rocky Mountains and Williston Basin. Most companies operating in the Rockies have an office there, even if their main headquarters is in TX or OK.
@Night Hides Not not sure where it ranks now...but when the First National Bank in Midland was seized in 1983 it was the second largest bank failure in American history.
https://www.nytimes.com/1984/10/14/business/us-helps-texans-survive-death-of-bank.html (https://www.nytimes.com/1984/10/14/business/us-helps-texans-survive-death-of-bank.html)
Denver was (and generally remains) one of the foci of the oil industry in the Rocky Mountains and Williston Basin. Most companies operating in the Rockies have an office there, even if their main headquarters is in TX or OK.
LegalAmerican
Posts 26,648
22 Aug 2018,
100 BILLION DOLLARS coming into America! Past due payments from UN alone. Business coming back to America.
Getting rid of ILLEGALS..another 300 BILLION A YEAR, expense to deal with them; Medical, food, housing, welfare, SCHOOLS expense, and incarceration. Then deportation expense.
President TRUMP, is totally correct!
Who would be against prosperity, safety for Americans? Who would be against that?
400K,,,a year saved, as PRESIDENT TRUMP,,TAKES NO PAY for this job, yet he works 100 hours a week for we the people.
Then all the lies, slander, 24/7,,,,,for two years. No, he is NOT PERFECT,,,he is,,HUMAN. I like human, like the rest of us.
That's kinda funny you're cutting and pasting one of your rants from another forum.
You forgot to remove your post count. :whistle:
The wall was already supposed to be built. Mexico was gonna pay for it.
How's that working out so far?
@txradioguy
Works out just fine for you because you get to whine and bitch and still pretend Cruz would have been better because he knows how to "get along by going along" with the Dims.
@sneakypete
@txradioguy
Pete, I have absolutely no recollection of txradioguy ever saying that about Cruz.
You're one of the most virulent Orange Brigadiers out there. You are unable to stay on topic and resort to incessant personal attacks, which is par for the course in Trumplandia.
That's kinda funny you're cutting and pasting one of your rants from another forum.
You forgot to remove your post count. :whistle:
The wall was already supposed to be built. Mexico was gonna pay for it.
How's that working out so far?
As for business coming back...last I looked they are leaving because of the President's misguided and ill advised tariff war he's trying to start with every nation in the world.
That's kinda funny you're cutting and pasting one of your rants from another forum.
You forgot to remove your post count. :whistle:
All the earmarks of a paid shill. Hope Trump's paying him a dollar a post. :silly:
@txradioguy
Works out just fine for you because you get to whine and bitch and still pretend Cruz would have been better because he knows how to "get along by going along" with the Dims.
I see a lot of reading comprehension problems.
A lot of goofy and unimportant crap in that list too.
Trump Signs Order Calling for Work Requirements for Welfare Programs...The order sets no new policy, just a review and recommendations report. Big F'n Deal
HISTORIC: Trump Nominates First Woman for Head of CIA...Big deal.
Trump signs sweeping two-year budget deal - MILITARY FUNDED...Big spending
Trump signs $700 billion defense bill, gives troops largest pay raise in 7 years More big spending or same accomplishment listed twice?
Trump proposes biggest civil service change in 40 years - 'Hire the best and fire the worst' A proposal is an accomplishment? He proposed building the wall, locking up Hitlery, and draining the swamp. Are those accomplishments too?
Trump Administration Set to Roll Back $900 Million in Obama-Era Offshore Drilling Regulations https://ijr.com/the-declaration/2017/12/1040253-trump-administration-set-roll-back-900-million-obama-era-offshore-drilling-regulations/ "Regulators in the Trump administration have proposed a rollback of Obama-era safety measures for offshore drilling that were imposed after the Deepwater Horizon oil spill in 2010, according to The Wall Street Journal." Another proposal accomplishment
New Space Policy Directive Calls for Human Expansion Across Solar System SPACE-FARCE? an accomplishment. Really?
Senate Passes Historic Sweeping Tax Reform
Senate Passes Sweeping Tax Reform - 20% Corporate rate - Largest in 31 Years.
House Passes Tax Bill in Major Step Toward Overhaul
Senate Passes Budget Resolution Clearing the Way to pass Tax Reform with a Simple Majority 4 listings of the same thing that Trump didn't do
US Embassy moved to Jerusalem by President Donald J Trump
Trump Declares Jerusalem the Capital of Israel stuttering again
President Trump Declassifies and Releases JFK Files some not all, but who cares?
Trump: 'We are stopping cold the attacks on Judeo-Christian values' What does this even mean?
This is just from the first 33 "Accomplishments" This list is disingenuous enough to be a good reflection of the Liar-in-Chief. Bravo.
888high58888
I could have cheered the moving of the embassy if it hadn't turned out to be Bible Prophesy with Trump on a Temple Tax coin with King Cyrus. I thought we were living the left behind book series, insert Donald Trump.
If I was a Hollywood Director I would create a new movie. And then we would end up seeing Trump seated in the new Third Temple.
I am not going to quote it but that list has been published many times now. I am sure we have all seen it.
Color me unimpressed
Like all the "lists" made by sycophants for Obama's accomplishments - it's mostly all for show or proposals and wish lists spun into 'accomplishments'.
I see they left out the trillion dollar deficits.
I see they left out the trillion dollar deficits.
For the record, the trillion-dollar deficits started under Bush and the Democrat congress, then made worse by Obama before sequestration. They're not just Trump's, but he's not helping.
Of course. Many Trump supporters I know were some of the most vocal critics of "Obama's deficits" yet are hypocritically silent when "their guy" does it. Shameful IMO.
I disagree. We know it is there. Talk to us after 8 years, and see where we are under president TRUMP. He is doing business, like a business man, and one needs capital before business makes a profit. 20 months? Half that time is dealing with Lying left media. 100 billion coming in from past due U.N. payments. 800k saved, by Trump not taking any pay, yet works 100 hours a week. He has saved money from inauguration budget, 20 % returned to coffers. He negotiated the AF one price, down billions, and other prices. Give him some time. NAFTA.
I posted all the good things. I guess people don't read? Then Obama is still on he loose with his AF ONE running up our tax dollars, undermining my president TRUMP. Obama fly's his AF one, to the same places Trump is in Europe, to undermine him. Blame Obama.
It seems as the Democrats are going full blown, unapologetic Communist, Republicans are taking their place as the Democrat party of old. At that, it seems there are very few things now different from Jimmy Carter Democrats of the 70s as Republicans of today.
(https://media.giphy.com/media/3orieVltMEVfA97CSY/giphy.gif)
The Trump supporters I know that I'm referring to are giving Trump a pass for doing the same things that they criticized Obama for: deficit spending. They blamed Obama when he added trillions to the debt but give Trump a pass when he does it. Unless you know the Trump supporters I'm referring to, I don't know how you can disagree with my statement. After all, it's just a fact -- the Trump supporters that I know personally, that I'm referring, are hypocrites (and a couple of them actually admit to it).
And don't forget he saved us $92M by cancelling the military parade!
Funny! 22222frying pan
Google, waste in government. A lot in obamas 8 years. Obama gov. below. Heritage foundation.
11. The Pentagon recently spent $998,798 shipping two 19-cent washers from South Carolina to Texas and $293,451 sending an 89-cent washer from South Carolina to Florida.[11]
Ok. Not angry at you. 888high58888. I speak bluntly and not P.C. ( No time for that our country is dying.)
Obama was a spender.
Trump is a saver and budgeter. There is spending money on lavish parties in WH by obama, or TRUMP spending money on our military and safety. That was brought down to 1915 standards under obama. That needs to be replaced and made strong again.
Obama spent $65,000 dollars just to buy hot dogs from Chicago, for one of his pizzagate partys.
It was frivolous spending by Obama, we had issues with. Did you ever google, how much was spent, wasted on things like watching grass grow? Lions and shrimp on treadmills. NO , not the same time. Ant research in the Himalayans.
And things of that sort. Why monkeys are upset when not given things equally. From out taxes. President is cleaning all of that up, but prior grants, and contracts made by Obama have to be honored.
Not to mention the obstructionists,in congress, the DEMOCRATS, who fight everything president Trump wants to do. Like cutting these programs. I do not blame Trump. We the people get it. Some do not.
President Trump has now amassed his first $1 trillion in debt, crossing that ignominious mark late last week — and analysts said it’s just a taste of what’s to come after the tax-cuts and spending spree of recent months.
Indeed, his next $1 trillion could come within a year, and one analyst said he could soon be staring at $3 trillion annual deficits if things go particularly badly in interest rates.
It’s a major reversal for a president who during the campaign had said given eight years he could eliminate the debt entirely, but is instead looking at setting records for red ink.
By 2028, America’s government debt burden could explode from this year’s $15.5 trillion to a staggering $33 trillion—more than 20% bigger than it would have been had Trump’s agenda not passed.
Trump is adding tremendously to the national debt. From the relatively conservative Washington Times earlier this year:
The debt burden is getting worse not better under Trump (the numbers don't lie -- they can improve, but so far, the data isn't good);
https://www.washingtontimes.com/news/2018/mar/15/donald-trump-adds-1-trillion-national-debt-14-mont/ (https://www.washingtontimes.com/news/2018/mar/15/donald-trump-adds-1-trillion-national-debt-14-mont/)
http://fortune.com/2018/03/15/us-national-deb
trump-tax-cuts/ (http://fortune.com/2018/03/15/us-national-debt-trump-tax-cuts/)
He better get busy @LegalAmerican cause he's spent the first 2 years adding to it, exponentially.
Trump: I will eliminate U.S. debt in 8 years
By Caitlin Yilek - 04/02/16 08:36 PM EDT
Donald Trump insists he would be able to wipe out the United States’s debt in eight years.
The Republican presidential front-runner said in a wide-ranging interview with The Washington Post that he’d be able to get rid of the more than $19 trillion debt “over a period of eight years.â€
Eliminating that amount of debt in eight years is highly improbable, according to most economists, The Washington Post reported. It could require using $2 trillion a year from the annual $4 trillion budget to pay off holders of the debt.
<..snip..>
http://thehill.com/blogs/ballot-box/presidential-races/275003-trump-i-will-eliminate-us-debt-in-8-years (http://thehill.com/blogs/ballot-box/presidential-races/275003-trump-i-will-eliminate-us-debt-in-8-years)
OBAMA is still flying around in his Air Force one, bringing up the debt...
Your president is the one flying all over the country on his never-ending campaign tour instead of staying in DC and working. Just as Obama did when he was in president. In fact, it's funny how very much alike the two presidents are. Both would rather waste time on frivolities than work.
Didn't Trump have Air Force One built for a fraction of the cost? Just wondering.
He better get busy @LegalAmerican cause he's spent the first 2 years adding to it, exponentially.
Trump: I will eliminate U.S. debt in 8 years
By Caitlin Yilek - 04/02/16 08:36 PM EDT
Donald Trump insists he would be able to wipe out the United States’s debt in eight years.
The Republican presidential front-runner said in a wide-ranging interview with The Washington Post that he’d be able to get rid of the more than $19 trillion debt “over a period of eight years.â€
Eliminating that amount of debt in eight years is highly improbable, according to most economists, The Washington Post reported. It could require using $2 trillion a year from the annual $4 trillion budget to pay off holders of the debt.
<..snip..>
http://thehill.com/blogs/ballot-box/presidential-races/275003-trump-i-will-eliminate-us-debt-in-8-years (http://thehill.com/blogs/ballot-box/presidential-races/275003-trump-i-will-eliminate-us-debt-in-8-years)
Didn't Trump have Air Force One built for a fraction of the cost? Just wondering.
That Air Force one that Obama has, and we pay for, needs to be taken away from the faux president, fraud, still running up our debt, and undermining my president Trump by flying around the world, ending up, at the same place that TRUMP IS. Blame the fraud, obama who is still spending, like a drunken sailor.
@corbe The beauty of being a Trump supporter like @LegalAmerican is when someone posts data as you did and as I did, they simply summarily dismiss the data as inaccurate. Of course, they won't explain why or offer up an alternative sources of data, they'll just simply ignore your data. It's like an ostrich sticking his head in the sand to avoid seeing what he doesn't want to see. Of course when you look at the world through rose colored glasses, the world always looks good when "your guy" is in charge and always looks horrible when "the other guy" is in charge because you don't care about facts or data. Actually, it's quite sad IMO.
(https://i.redditmedia.com/nAluYXi3AgAZmYZ-3UG-j3IehRA7vlQ7brWhm_dTCUI.jpg?w=700&s=024f256e8d2ee6d4d3b30631888f203e)
Obama lost access to Air Force One when Trump took over as President.
How Do Former Presidents Fly?
https://thepointsguy.com/2017/02/how-former-presidents-fly/ (https://thepointsguy.com/2017/02/how-former-presidents-fly/)
February 3rd, 2017
The Luxurious Ways Former Presidents Travel When Air Force One Is No Longer Theirs
https://www.cheatsheet.com/culture/the-luxurious-ways-former-presidents-travel-when-air-force-one-is-no-longer-theirs.html/ (https://www.cheatsheet.com/culture/the-luxurious-ways-former-presidents-travel-when-air-force-one-is-no-longer-theirs.html/)
May 12, 2018
Your president is the one flying all over the country on his never-ending campaign tour instead of staying in DC and working. Just as Obama did when he was in president. In fact, it's funny how very much alike the two presidents are. Both would rather waste time on frivolities than work.
@corbe The beauty of being a Trump supporter like @LegalAmerican is when someone posts data as you did and as I did, they simply summarily dismiss the data as inaccurate. Of course, they won't explain why or offer up an alternative sources of data, they'll just simply ignore your data. It's like an ostrich sticking his head in the sand to avoid seeing what he doesn't want to see. Of course when you look at the world through rose colored glasses, the world always looks good when "your guy" is in charge and always looks horrible when "the other guy" is in charge because you don't care about facts or data. Actually, it's quite sad IMO.
The similarities between the two men is quite remarkable, actually.
And the similarity between their devotees.................... well, pretty much identical.
And Obama said, in he would cut the deficit in half by 2 and a half years, and if not, he would be a ONE TERM PRESIDENT.
No head in sand. I posted at least twice. We see it. How is that head in sand? Then dismiss all the other information given.
It seems you all, are indicting yourselves. No mention of what is coming INTO our country, business's, past due U.N. payments, tariffs coming in from "nafta", and president cutting expenses. Why is all the good information dismissed?
Again, I said, talk to me after 8 years are up, not after 20 months. That is what is sad about people. They think it is sport bashing the president. The first year was getting in his cabinet, getting settled in a new job, which he takes NO PAY FOR. Stock market doing great. My list of president Trumps accomplishments has been removed as "spam". That is another SAD thing.
President Trump is doing great things. It is a shame so few are patriots. Many other people from other country's post, "wish they had a president Trump". France, Australia, Canada, Philippines, a lot of other countries. Americans have lost their way. I say spoiled, and have no clue, how others live. Venezuela, Cuba, more.
I Haven't lost my way, coming from a socialist country and me and my family starving. SAD. No rose colored glasses. I value and respect my president. Oh, the horror. I feel, people think bashing the president, makes them feel "smart" Not. :patriot: :patriot: :patriot:
@Night Hides Not
Get bored over at DU?
Not that I blame you for leaving that asylum,of course.
Obama lost access to Air Force One when Trump took over as President.
How Do Former Presidents Fly?
https://thepointsguy.com/2017/02/how-former-presidents-fly/ (https://thepointsguy.com/2017/02/how-former-presidents-fly/)
February 3rd, 2017
The Luxurious Ways Former Presidents Travel When Air Force One Is No Longer Theirs
https://www.cheatsheet.com/culture/the-luxurious-ways-former-presidents-travel-when-air-force-one-is-no-longer-theirs.html/ (https://www.cheatsheet.com/culture/the-luxurious-ways-former-presidents-travel-when-air-force-one-is-no-longer-theirs.html/)
May 12, 2018
They think it is sport bashing the president.
My list of president Trumps accomplishments has been removed as "spam". That is another SAD thing.
President Trump is doing great things. It is a shame so few are patriots.
Oh, the horror. I feel, people think bashing the president, makes them feel "smart" Not.
Wrong. When president Trump went for the "G 20' meeting in Europe, there were two AF one's, on the tarmac. They may not call obamas, AF one, any more, but he still flys around in one. That is why a "new" AF one had to be created for new president. I saw the pictures of them both in Europe. If you want to get technical, go right ahead, or play SEMANTICS.
I am posting by memory, this is not SCHOOL is it? Because it is not "G 20" anymore, does not make my information wrong.
----------------
[G20] Two AIR FORCE ONE landing in Hamburg for G20 ... - YouTube
Two "Air Force One" landed today at Hamburg airport, bringing the President and US delegation to the city of Hamburg, Germany, where the G20 summit 2017 take...
Search domain www.youtube.comhttps (http://www.youtube.comhttps)://www.youtube.com/watch?v=aoaDFQdPsoU
Is President Obama flying on Air Force One more than other ...
$3.9 Billion instead of $4.0 Billion. So yes a fraction, but a rather large fraction.
Wrong. When president Trump went for the "G 20' meeting in Europe, there were two AF one's, on the tarmac.
"$3.9 Billion instead of $4.0 Billion. So yes a fraction, but a rather large fraction." as quoted by Thackney
More baloney from FAKE NEWS. There were two negotiations going on. One was for new AF ONE,,the other for planes for our military. The price was reduced by president Trumps negotiations, on BOTH DEALS. Then on later deals Lockheed Martin reneged on the price. Not on president TRUMP. I tried to get my other computer fixed. The young man did not know how. When I post my correct information from the past, it is removed from my files.
Air Force One
Air Force One is the air traffic call sign (name) of any U.S. Air Force aircraft carrying the President of the United States.
The president usually flies in one of the two specially changed Boeing 747 jumbo jets (airplane) kept by the United States Air Force.
They are only called Air Force One when the President is on board. If the Vice President or another senior official is flying it is called Air Force Two. Otherwise it is called by its number like any other airplane.
When Richard Nixon resigned as President in 1974 he flew back to his home in California in Air Force One, but halfway to California he stopped being President and the airplane was then given a new name.
LOL!
They've got this thread reaching 150 replies...hiding out here because it's the only place they can back-slap without getting their asses handed to them.
Key them occupied, will ya @sneakypete ?
It's rather ironic that pete is accusing someone more conservative than he of coming from DU, is it not?
Trump fever does strange things to one's ability to process information.......
(btw, DC, if you want to 'hand someone's ass' to them, why not go for it? Otherwise what we have here is a Trump Spammer posting nonsense which is being countered with the truth........ not really all that amusing if you care about what is true and what is not).
Your president is the one flying all over the country on his never-ending campaign tour instead of staying in DC and working. Just as Obama did when he was in president. In fact, it's funny how very much alike the two presidents are. Both would rather waste time on frivolities than work.
More fake news from N.T.'s. President Trump takes no pay, for this ungrateful job,
Well, unlike in the Socialist country you claim to have come from... starving... we are entitled to bash the president and the critters in government as often as we like and for any reason we want to bash them. In this country - that IS patriotic. Freedom of political speech and all.
@INVAR
You realize this Orange Freeper is probably laughing his ass off at us for responding to his nonsensical garbage?
No...I was only referring to the thread title/topic. The deficit spending is a real concern and will have to be addressed.
It's the ONLY hill you and the rest of the NTs can find refuge upon...because on all other matters, President Trump has been magnificent.
@musiclady
My friend...I cannot be responsible for @LegalAmerican 's posts. She is finding her 'sea legs' around here. Don't be too hard on her.
No...I was only referring to the thread title/topic. The deficit spending is a real concern and will have to be addressed.
It's the ONLY hill you and the rest of the NTs can find refuge upon...because on all other matters, President Trump has been magnificent.
I've kinda missed ya'll on the forum today...wondering where everybody was. :shrug:
btw, I've been with my baby grandson, in case you missed me in particular. He's as cute as babies get. happy77
More fake news from N.T.'s. President Trump takes no pay, for this ungrateful job, and does not have lavish parties for rappers at the White House! (cocaine, smoking, debauchery) We taxpayers paid for more frivolousness by Obama, then any other president, while being a communist fraud. 65 thousand dollars from our TAXES to bring in hot dogs from Chicago! Obama, having 60 of his friends on AF one to party. Michells 100 of her friends, to party in SPAIN. Manschell, instead of walking the dog, hired a dog walker for $100,000 dollars! Obama made his rent-a kids, "ambassadors " in order to pay them millions, from our tax dollars. Asking congress to pay Manchells $10,000 a month for being First Lady. No one in the Trump family is paid any salary! Don't get me going, just a few examples. Please. None of you know history of Obama. Obama was the one campaigning when our military died in Chatannoga by terrorist! Obama flew to Las Vegas, to party. Everything you posted is a figment. Black unemployment was the lowest it had ever gotten under Obama.
Under Trump it is the best. How can you write so much drivel ? Not factual at all.
India trip by Obama, was said to cost 2 billion dollars. Bringing over S.S., limousines, cars, etc. Lodging, food, protection. Then, the facts were REMOVED so obama would not look so "bad".
The TWO MEN are opposites!
888high58888
His Daddy is the young soldier I asked everyone to pray for WAAAAY back on FR.
I'm pretty sure you were one of the guys who did! :patriot:
His 1st child?
Yep. He was busy with two deployments, college and law school! He and his gorgeous wife bought a house and settled down.
He's doing great!
MAGA!! ...bought a house?
God Bless! 888high58888
More baloney from FAKE NEWS. There were two negotiations going on. One was for new AF ONE,,the other for planes for our military. The price was reduced by president Trumps negotiations, on BOTH DEALS. Then on later deals Lockheed Martin reneged on the price. Not on president TRUMP. I tried to get my other computer fixed. The young man did not know how. When I post my correct information from the past, it is removed from my files.
Difficult to prove things now, with so much being removed from the internet. People don't even know, deep state is still in "charge" and try all they can, to remove real facts. The sheep, N.T.'s follow along. ****sheep****
You all willingly "walk into the ovens". Amazing to me.
President TRUMP was working on our behalf, before he was inaugurated. No LEFT, LYING, media will give him any credit. By now, some of you should be wiser. All good thing's happening, have nothing to do with president TRUMP, right?
Not even common sense, thinking. All of it is happening as if by magic, while having a DEMOCRATIC and RINO congress , stopping all of his policy's. lol Trump was working on helping this country back in 2016! Before being president. President Trump is a worker, and works 100 hour weeks, for no pay! 800 thousand, saved on that alone.
Wrong. When president Trump went for the "G 20' meeting in Europe, there were two AF one's, on the tarmac. They may not call obamas, AF one, any more, but he still flys around in one. That is why a "new" AF one had to be created for new president. I saw the pictures of them both in Europe. If you want to get technical, go right ahead, or play SEMANTICS.
I am posting by memory, this is not SCHOOL is it? Because it is not "G 20" anymore, does not make my information wrong.
----------------
[G20] Two AIR FORCE ONE landing in Hamburg for G20 ... - YouTube
Two "Air Force One" landed today at Hamburg airport, bringing the President and US delegation to the city of Hamburg, Germany, where the G20 summit 2017 take...
Search domain www.youtube.comhttps (http://www.youtube.comhttps)://www.youtube.com/watch?v=aoaDFQdPsoU
Is President Obama flying on Air Force One more than other ...
Well, unlike in the Socialist country you claim to have come from... starving... we are entitled to bash the president and the critters in government as often as we like and for any reason we want to bash them. In this country - that IS patriotic. Freedom of political speech and all.
@INVAR
You realize this Orange Freeper is probably laughing his ass off at us for responding to his nonsensical garbage?
It's rather ironic that pete is accusing someone more conservative than he of coming from DU, is it not?
Wrong. When president Trump went for the "G 20' meeting in Europe, there were two AF one's, on the tarmac. They may not call obamas, AF one, any more, but he still flys around in one. That is why a "new" AF one had to be created for new president. I saw the pictures of them both in Europe. If you want to get technical, go right ahead, or play SEMANTICS.
I am posting by memory, this is not SCHOOL is it? Because it is not "G 20" anymore, does not make my information wrong.
----------------
[G20] Two AIR FORCE ONE landing in Hamburg for G20 ... - YouTube
Two "Air Force One" landed today at Hamburg airport, bringing the President and US delegation to the city of Hamburg, Germany, where the G20 summit 2017 take...
Search domain www.youtube.comhttps (http://www.youtube.comhttps)://www.youtube.com/watch?v=aoaDFQdPsoU
Is President Obama flying on Air Force One more than other ...
@LegalAmerican @thackney
I don't want to get in the middle of an argument I know nothing about,but there are ALWAYS 2 AF-1's sitting on a runway anywhere a US President goes. There MUST be a backup immediately on hand with the right commo gear in case something happens to the one being used by the president.
It's just SOP.
There is also a spare Presidential limo everywhere he goes.
You are grossly mistaken...bordering on purposely lying about this.When Obama was on board, I always thought of it as "Air Force Zero" anyway....No disrespect meant to the flight officers and crew (in the air or on the ground).
Former Presidents do not have access to any aircraft in the 89th Airlift Wing (The unit that has the Presidential aircraft fleet) once they are out of office.
The ONLY way they get to ride AF 1 is if they are invited by the CURRENT President or the CURRENT President authorizes it's use as part of the funeral for a former President as was the case for President's For and Reagan.
You're full of bullsh*t if you stand by your stupid claim that Obama still gets to fly on AF 1 or any of the other planes in the Presidential fleet.
It just does not happen.
When Obama was on board, I always thought of it as "Air Force Zero" anyway....No disrespect meant to the flight officers and crew (in the air or on the ground).
You are grossly mistaken...bordering on purposely lying about this.
Former Presidents do not have access to any aircraft in the 89th Airlift Wing (The unit that has the Presidential aircraft fleet) once they are out of office.
The ONLY way they get to ride AF 1 is if they are invited by the CURRENT President or the CURRENT President authorizes it's use as part of the funeral for a former President as was the case for President's For and Reagan.
You're full of bullsh*t if you stand by your stupid claim that Obama still gets to fly on AF 1 or any of the other planes in the Presidential fleet.
It just does not happen.
While I agree with you in general, and I think your "opponent" is now trying to twist their argument to meet the facts, I do believe there is one other exception -- they get to take one last flight "home" after the new POTUS is inaugurated.
You're absolutely right. I forgot about about that one.It's a shame they landed before they got 'em off the plane.... 888mouth
@LegalAmerican
QuoteAlmost 3 hours after he ain’t the president, Obama still gets to fly on the taxpayer’s dime. Again, how can this be?
ALL former presidents travel for free on government jets. So does Bubbette! The SS figures it's cheaper to just fly them in existing aircraft than it is to buy out all the seats in a commercial airliner so the president,his family,and the bodyguards can fly with them.
It's a matter of both logistics and money.
What Obomber WON'T have is access to "The Briefcase" with the codes to launch missiles
To the person, saying I am lying, Taxi,,,I guess, you don't get any news, nor have any memory? All you have to do is google.
----------------------------------------------------------
WTF? OBAMA STILL GETS TO USE AIR FORCE ONE AFTER TRUMP’S INAUGURATION
JANUARY 16, 2017| BY BRIAN ANDERSON
The only legacy Obama will leave behind on Friday when his presidential term is mercifully over, is one of wasting our money so he and his family can fly around the world on lavish vacations. That is supposed to be a thing of the past, but apparently the ***Obamas still get to use Air Force One ***even after Trump officially takes office.**** I wonder if he’s really moving out of the White House too or if Trump’s going to have to endure a lengthy eviction process, which of course will be considered racist.
Obama just got back from a vacation in Hawaii. The only thing he’s done since is try his best to de-legitimize his successor, which must be exhausting. On Sunday he said in a 60 Minutes interview that the first thing he’s going to do after leaving office is relax.
“I’m not setting my alarm. That I’m certain of. That I am absolutely positive of. I’m going to try to get some sleep,†said Obama of his post-White House plans.
If he relaxed any more, people might think he was dead. Michelle would have to put a mirror under his nose just to make sure he was still breathing. No seriously, he has been the laziest president we’ve ever witnessed. I don’t think it would be possible for him to have done less in his 8 years of golfing and appearing on talk shows.
In any case, TMZ has discovered where Obama is going to unwind after his two-term nap. Before you laugh at the source, consider that TMZ now has more journalistic integrity than most of the broadcast networks, CNN, and The New York Times.
President Obama and Michelle Obama will be leaving frigid Washington D.C. for sunny Palm Springs … TMZ has learned.
We’re told when the First Family leaves the Capitol after the inauguration, they’ll take a chopper (it will not be Marine One because he won’t be the active president when he boards) to Andrews Air Force Base.
Our sources say at 2:45 PM they will leave Andrews on Special Air Mission 29,000, the plane that will take them to Palm Springs.
***It’s the same plane that Obama used as president, but it won’t be called Air Force One.***
Okay, it goes by a different name now, but it’s still the** same plane Obama used as Air Force One.** It’s taking off from a US military facility and staffed by members of the US Military. How can this be?
The report says that Obama is leaving Andrews Air Force Base at 2:45pm on Friday, which is after Trump is sworn in as president. Not that Obama gives a shit, but the 20th Amendment of the Constitution says, “the terms of the President and the Vice President shall end at noon on the 20th day of January.â€
Almost 3 hours after he ain’t the president, Obama still gets to fly on the taxpayer’s dime. Again, how can this be?
Though we are still on the hook for Obama’s Secret Service detail and pension, we should be done with paying for his vacations. He’ll be a private citizens on Friday and he can pay his own air fare like the rest of do when we want to vacation.
Maybe this is one of those things like the US government gives the outgoing president a free ride out of town as a courtesy. The Obamas however have bought a house in Washington DC, just a few miles from the White House. I guess I’d be cool with giving him some money for the bus, but it’s outrageous that we’re gifting him six figures in air travel to go somewhere he doesn’t actually live.
Okay, it goes by a different name now, but it’s still the** same plane Obama used as Air Force One.** It’s taking off from a US military facility and staffed by members of the US Military. How can this be?