LITEROTICA PODCAST
LIT CAMS (200 Free Tokens)ADULT TOYSVOD MOVIES

In Two Months Trump Has Reduced Debt By 100 Billion

So Trump should be thanking Obama then. Obama does the hard work after the banking crisis crash. And Il Donald gets to coast on the labours of the previous regime's work at assisting the economy in recovering.
 
Last edited:
Since Trump hasn't done anything in his two months in office other than go golfing for six consecutive weekends, claiming he did anything is simply another lie like the con artist is prone to giving out.

http://www.redstate.com/jaycaruso/2017/02/25/trump-tweets-national-debt-drivel-saw-fox-friends/

The ONLY reason the debt has decreased is because of ordinary accounting rotations in intra-governmental accounts:

http://www.slate.com/blogs/the_slatest/2017/02/25/trump_tweet_on_national_debt_again_appears_to_show_president_is_glued_to.html

https://twitter.com/davidfrum/status/835489514193833988

https://www.treasurydirect.gov/NP/debt/search?startMonth=01&startDay=20&startYear=2017&endMonth=02&endDay=21&endYear=2017

Also, we just hit our debt ceiling so obviously the con artists hasn't done anything.

https://dollarvigilante.com/blog/2017/03/16/the-us-government-hits-its-debt-target-ceiling-again-as-trump-has-no-plan-to-reduce-size-of-government.html
 
someoneyouknow said:
Tell us, since that's not what has happened.

http://crfb.org/blogs/has-debt-gone-down-12-billion-trump-took-office

The key is in the last paragraph:

The debt has fallen by $12 billion in Trump's first month of office, but that represents normal fluctuations in debt and the fact is most costs have come out of Treasury's cash balances, not any policy choice by the Trump Administration.​
Click to expand...

Federal tax revenues are at an all-time high:

https://www.forbes.com/forbes/welco....google.com/&referrer=https://www.google.com/
 
Rightguide said:
Federal tax revenues are at an all-time high:

https://www.forbes.com/forbes/welco....google.com/&referrer=https://www.google.com/
Click to expand...

That was September of last year, during the Obama administration.

Further, if you read the article, this little doozy stands out:

If that sounds like good news, don't get too excited just yet: it likely won't be enough to outweigh the escalating expenditures.​

And a little further down:

What increased at a higher rate than tax receipts? Tax refunds. According to the same report, income tax refunds - those payable to taxpayers at tax time - increased by $16 billion, an increase of about 7%. The overall effect was, of course, to reduce net receipts.​
 
Yes, there's absolutely no difference from taking office in the middle of a depression and taking office when the economy is rolling along nicely.


Hack.
 
Wrong Element said:
Yes, there's absolutely no difference from taking office in the middle of a depression and taking office when the economy is rolling along nicely.


Hack.
Click to expand...

Well, to be fair I can't say the economy is rolling along nicely. There are several serious problems we face - income inequality, banking and financial market regulation issues, underemployment of certain key demographics... etc.

What I can agree to say is that it is rolling along as nicely as can be expected given the unprecedented and insane obstructionism from the republicans.
 
Trump plays golf? I thought he went to Mar-A-Lago to hold top-level classified meetings on the restaurant terrace.
 
You must log in or register to reply here.

Similar threads

Rightguide
Democrat Domestic Enemies At Work
Replies
4
Views
164
ll74
ll74
Rightguide
More Bad News For The International Left
3 4 5
Replies
108
Views
2K
UltraChad
UltraChad
Rightguide
False Claims Against Made Against Trump By The Left
3 4 5
Replies
101
Views
2K
Politruk
P
Rightguide
Trump Sues DOJ For 100 Million
2 3
Replies
71
Views
2K
dmallord
dmallord
Rightguide
Trump Needs To Prosecute This Fat Bastard
2
Replies
48
Views
1K
Politruk
P
Back
Top