Trump trillion-dollar-plus deficits are putting America on a path to fiscal ruin

a reply to: stormson

Because they don't decrease spending.

They increase taxes.

Obama and Trump work for the same bankers. People like Ron Paul, who try to interject some common sense into the budget, are ignored or ridiculed. Until we end dependence on a foreign banking cartel that charges interest to borrow money, things will never change

Congress devises the budget. Trump should veto such wild spending.

originally posted by: neo96
a reply to: TrueBrit

You are going to need to be a little more specific here.

The year Obama began.

www.usdebtclock.org...

The year Obama left.

www.usdebtclock.org...

Do you really not understand the difference between debt and deficit?

Considering the total number of humans that control the majority of wealth in the world is so small, would it not be prudent to simply liquidate the source of debt? It seems equally prudent, that, leverage structures and interest being aberrations of usury, that the lenders would desire to continue to increase their apparent dominion over resources, rather than call in the debt, as the continued growth of perceived debt also implies consolidating their base. Then they can use the interest to reinvest as even more loans, which are in turn converted to greater perceived ownership. The only conflict to such a plan would be foreign political investment such as Chinese radicals. This problem can be solved by economic and militarized warfare, which then creates a new marketplace for the the original lending cartel.

The end goal is a total return to the perceived aristocracy and absence of peasant property rights - rather, to convert the perception of the peasant's image of self into property. Debt slavery, therefore, is a fundamental transformation of America and Europe to reinstitute the perception of the masses as lawful servants of the aristocracy. Thus, by perceiving the debt as real, those concerned are amplifying the legitimacy of the aristocracy and the paradigm of neofeudalism.

You need to watch this before you touch the subject

a reply to: andy06shake

I really wish the US WOULD stop policing the rest of the world. We are spent out, and exhausted, and our local infrastructure needs repair badly, just to mention a couple things. *shrug*

America going bankrupt and being beholden by debt in perpetuity to Big Banks, Big Oil, the Military Industrial Complex, China, and every other member of every "think tank" in existence?

What could possibly go wrong...

a reply to: Southern Guardian

At the end are they just numbers?
I mean who really knows what a trillion $ is.....

Damn....crazy figures

originally posted by: neo96

originally posted by: mzinga
a reply to: neo96

Guess people don't understand debt versus deficit. This is such a silly rallying cry. If you actually care to look at more than numbers then you understand a few things.

1. Obama inherited one of the worst economies in history
2. Obama actually reduced the deficit by almost 66%
3. Debt racked up under Obama was amplified by Bush tax cuts and the poor economy he inherited

Now do tell have we increased or lessened our deficit under Trump, or did they raise to over one trillion dollars per year while the economy is improving?

Bull and crap.

No wonder you're so pro Trump Neo, you and he process facts identically.

She was spot on, and furthermore it was NOT all the sudden especially when you inherit an economy so bad, that unless taxpayers bailed out all the wall street gang to the tune of 700 billion dollars, you would be living in a cardboard shack about now pal.

I guess all the sudden, you forget recent history....

Obama deficits werent temporary and they werent the result of the great recession. There was no need for trillion dollar deficits under him.

But I am concerned with the budget deficit under Trump. Ive always been concerned about the debt. And unlike a lot of our liberal friends who like to forget Obamas deficits, that didnt happen on january 20th 2017.

originally posted by: alphabetaone

originally posted by: neo96

originally posted by: mzinga
a reply to: neo96

Guess people don't understand debt versus deficit. This is such a silly rallying cry. If you actually care to look at more than numbers then you understand a few things.

1. Obama inherited one of the worst economies in history
2. Obama actually reduced the deficit by almost 66%
3. Debt racked up under Obama was amplified by Bush tax cuts and the poor economy he inherited

Now do tell have we increased or lessened our deficit under Trump, or did they raise to over one trillion dollars per year while the economy is improving?

Bull and crap.

No wonder you're so pro Trump Neo, you and he process facts identically.

She was spot on, and furthermore it was NOT all the sudden especially when you inherit an economy so bad, that unless taxpayers bailed out all the wall street gang to the tune of 700 billion dollars, you would be living in a cardboard shack about now pal.

I guess all the sudden, you forget recent history....

Sure, Obama inherited a mess...and after 8 years of his presidency, the US economy averaged 1.5% growth, doubled the debt, and was the first president to never see an ANNUAL growth rate of 3%. It was the weakest recovery we have ever had as a nation...a recovery that did not fully begin until he was out of office.

originally posted by: alphabetaone
I guess all the sudden, you forget recent history....

There's a difference between forgetting history and revising it in your own mind.

a reply to: semperfoo

www.wsj.com...

Yup all Obama's fault.

originally posted by: mzinga
a reply to: semperfoo

www.wsj.com...

Yup all Obama's fault.

Sarcasm?

originally posted by: intrepid

originally posted by: alphabetaone
I guess all the sudden, you forget recent history....

There's a difference between forgetting history and revising it in your own mind.

Indeed, there is a difference.

originally posted by: semperfoo

originally posted by: alphabetaone

originally posted by: neo96

originally posted by: mzinga
a reply to: neo96

Guess people don't understand debt versus deficit. This is such a silly rallying cry. If you actually care to look at more than numbers then you understand a few things.

1. Obama inherited one of the worst economies in history
2. Obama actually reduced the deficit by almost 66%
3. Debt racked up under Obama was amplified by Bush tax cuts and the poor economy he inherited

Now do tell have we increased or lessened our deficit under Trump, or did they raise to over one trillion dollars per year while the economy is improving?

Bull and crap.

No wonder you're so pro Trump Neo, you and he process facts identically.

She was spot on, and furthermore it was NOT all the sudden especially when you inherit an economy so bad, that unless taxpayers bailed out all the wall street gang to the tune of 700 billion dollars, you would be living in a cardboard shack about now pal.

I guess all the sudden, you forget recent history....

Sure, Obama inherited a mess...and after 8 years of his presidency, the US economy averaged 1.5% growth, doubled the debt, and was the first president to never see an ANNUAL growth rate of 3%. It was the weakest recovery we have ever had as a nation...a recovery that did not fully begin until he was out of office.

So let me get this right though, you expect the GDP average to be perpetually 3% vertical following a recession that almost unwound the entire GLOBAL market system? Especially given that China and DAS warned us of this as early as 2003/2004 during the GWB years?

Let's not lose sight of reality to toe party lines.

a reply to: Southern Guardian

Screw the numbers, screw the previous administrations numbers, this is how it works.

You need to spend money to make money, that's a given. But when you spend more than you earn then there is a problem. Brit was right when the whole process needs to be streamlined because there are too many cooks spoiling the broth such as superfluous government departments (who I believe could be fronts for something nefarious but that's a different story.)

and anyone who believes that corporate tax cuts will bolster the national economy is bonkers. These guys are millionaires! they will buy expensive foreign cars, import the finest halibut and so forth. Forget the tax cuts, give funds to small businesses as an incentive to hire apprentices who earn as they learn.

That's the problem with modern politicians, always looking for a quick fix-the right wing doubly so.

Wasn't it Obama that gave tax payer money and tax cuts to large corporations to get us out of recession, and ultimately those companies that received our billions in the "American Recovery and Reinvestment act" flatlined regardless while giving their CEO's million dollar bonus'? That was another $800+ billion. But it was Bush's fault that Obama signed that into law apparently.. Is it also Bush's fault that Obama EXTENDED the tax cuts he made for another whopping $858 billion? Or how about the extra $800 billion per year he pumped into the military during his tenure, broadening the war instead of dwindling it down? Obama actually allocated more money for military operations and contingency than his predecessor Bush did during his war on terrorism. Or what about the $150 billion + $1.8 billion in cash he sent to Iran on a cargo plane to appease them in their nuclear ambitions, what materialized out of that except for more debt and Irans continued ambition for nuclear energy/weapons?

Obama added 9 TRILLION dollars to the US debt during his presidency since the 1st day of his presidency to the last. That would be 1.125 Trillion added in debt every year under his term.

It's hard to stop a train once it gets rolling

It's official: Obama ran trillion-dollar deficits four years in a row

He certainly isn't the only president in U.S. history to run trillion-dollar deficits, but he is the first to run as many in a row. It's official now: Barack Obama is head of the most profligate spending government ever. In a recent disclosure of updated historical budget data for the federal government, the Congressional Budget Office reported a deficit of $1.087 trillion for fiscal year 2012, marking the fourth straight year - and the only four-year stretch in history - that federal spending was more than a trillion dollars over what the government received in revenue.