The president thinks the balancing of the nation’s books is going to, ultimately, be a future president’s problem. https://www.thedailybeast.com/trump-on-coming-debt-crisis-i-wont-be-here-when-it-blows-up
You wouldn't think conservatives who spent the last decade agonizing about the debt would now want to enable Trump to massively increase the debt. But that's what you get for thinking. barfo
Hmmm, Mags argued that this is one factor that led him to become a fanatic -- "balanced budget, containing national debt."
We have fallen so far down the hole in the last 10 years, I do not think he should attempt to focus on the debt. The best he can do with the skills he brings to the game, it to grow the economy and get as many of the working population working as possible. Get the trade agreements in place for the future. When the interest rate become high enough that we can not service the debt, then it will be what it will be. The leaders of that day will have to set the course and tell us what victory looks like and how we will get there. That day was assured to happen somewhere along the path of allowing the debt to increase beyond 12 to 15 trillion dollars. That is unless we can diminish it in relativity by massive growth.
Can you explain why we need to spend as much if not more than the next 8 biggest spenders for military?
As to the thread title...then can we blow it up today? (this post will get me on a watch list somewhere)
Newsflash: Bush, the guy you voted for, caused that. Barack no matter how you want to spin it, saved this economy.
If you says so. It matters not now. We have passed the point of no return. We either grow out of the hole or succumb to the debt. Even then it depends on interest rates remaining low enough to stay in front of the wave. There was no save.
Trump claimed when he was running he was going to tackle it. Now he says fuck it. Your on board no matter what. He could blow your boat out of the water and you'd still defend him. Ludicrous
You mean wiping out Social Security, Medicare and Medicaid. They're certainly not going to raise taxes on the wealthy. Anyhow, Republicans had the Presidency and both Houses of Congress and only increased both the debt and the deficit at an alarming rate.
When Obama became president, the federal deficit was $458B. After 8 years on the job, through a recession - it ballooned to $585B. That's $127B through 8 years. After 2 years of the Trump administration with a republican congress and it's fiscal conservative agenda the deficit is at $779B. That's $212B through 2 years. Everything is going just peachy. Trickle down economic my ass.
Chis! Stuff a rag in it! I am not defending anyone or anything. I gave my opinion of the straits we are in as a country Financially. It has nothing to do with who did it. As I said, now we must grow the economy and thereby the revenue to support the debt or go under. Attempting to pay it off now would be stupid and assure defeat regardless of who ever is President. We must get the revenue base up before interest rates rise or go under. If you think this ludicrous, I will attempt to consider the source, and not response to the troll.
