The secret to Trump's "economic success". National debt

@JacePearce

@JacePearce

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@JacePearce JacePearce · #Newsroom · 7 months ago
IraqiVet49 · 7 months ago

The figures in this article go to prove that Trump will help the high earners and the billionairres while he gets the Nation into unprecedented debt. Shocking.

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SilentEyes · 7 months ago

Exactly that.

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truth_hurts · 7 months ago

Well that’s a completely biased article. The last paragraph about the wasteful spending for a border wall forgets to mention how much money it ends up saving us. Illegal crossings are down 70% under Trump. If we catch 60, 000 illegals per month trying to cross, how many are we not catching? if we have an amazing 50% success rate then 30,000 a month get through. Those 30,000 will need health care, education, welfare programs, many will commit crimes, causing court and jail costs and a percentage will take jobs from our citizens. The wall saves us in the end. It’s also funny how Democrats now care about spending and debt.
https://www.thebalance.com/national-debt-under-obama-3306293

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JacePearce · 7 months ago

Figures do not lie, and here are some crucial figures for you, for the sake of comparison:
https://www.businessinsider.com/trump-national-debt-deficit-compared-to-obama-bush-clinton-2019-2

The US national debt passed $22 trillion on February 11, the first time the federal debt had breached that threshold.

The landmark came just over two years after President Donald Trump, who once promised to eliminate the federal debt in eight years, took over the Oval Office.

One important difference between Trump’s debt figures and Obama’s is that Trump has added a massive amount of debt while the US economy has been strong, whereas Obama took over during the depths of the financial crisis.

Economists typically recommend that the federal government increase spending, and thus add more debt, during times of economic struggles and then pay down that debt when the economy recovers. So while economic theory would support Obama’s spending to help support the economy, Trump’s recent debt binge has less support among economists.

And Trump’s debt is in four years only.

P.S. A completely biased article in which you can only criticize one small last paragraph with some wasteful ramblings about how much it could potentially save.

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truth_hurts · 7 months ago

I’m not going to waste time addressing every partisan sentence that begins, “Under Trumps failed fiscal policies,” lol. It’s completely biased. Obama took office with a debt at 10 trillion and left it at 19 trillion. Both parties spend like there’s no tomorrow but its a joke to state the Democrats are the party of fiscal responsibility. Give me a break. The same party that believes in big government, the Green New Deal, Single Payer Healthcare, Free Tuition, Free Cell phones, and data, …ect., ect., ect.

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truth_hurts · 7 months ago

From your own reference after I decided to read it.

Under Obama’s first two years and change, the national debt grew by 33%, and it grew by 84% by the end of the 2016 fiscal year.
The debt grew 10% in Trump’s first 752 days and is projected to grow by 44% by the end of the 2024 fiscal year.

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JacePearce · 7 months ago

You obviously have not read it correctly:
"One important difference between Trump’s debt figures and Obama’s is that Trump has added a massive amount of debt while the US economy has been strong, whereas Obama took over during the depths of the financial crisis.

Economists typically recommend that the federal government increase spending, and thus add more debt, during times of economic struggles and then pay down that debt when the economy recovers. So while economic theory would support Obama’s spending to help support the economy, Trump’s recent debt binge has less support among economists".

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truth_hurts · 7 months ago

Democrats shouldn’t talk out of both side of their face. We listen to them talk about how Trump inherited Obama’s good economy and then in the same breath you say Obama’s debt was built when he had a bad economy. Which is it? Obama racked up 9 trillion in debt after 8 years in what Dem’s say was bad and good economy. Your arguments are hypocritical. Here’s the bottom line, both parties rack up big debt. The difference can be felt in my investments. I made as much money since October of 2019 (to now) as I did under 8 years of Obama. In the last 13 months, I more than doubled what I made under 8 years of Obama and in 3 years since Trump became President, I have just about tripled the amount I made under 8 full years of Obama. That’s the difference we all feel. Trump has made hundreds of thousands of millionaires via their 401k’s.

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