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The Trump Deficit jumps 20 percent (Read 436 times)
AiA
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The Trump Deficit jumps 20 percent
Aug 9th, 2018 at 5:24am
 
Where is the outrage? There was plenty when Obama was POTUS ...

Federal deficit jumps 20 percent after tax cuts, spending bill


http://thehill.com/policy/finance/400876-federal-deficit-jumps-20-percent-after-...

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President Elect, The Mechanic
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Re: The Trump Deficit jumps 20 percent
Reply #1 - Aug 9th, 2018 at 6:14am
 
every time Trumps about to bring back hundreds of billions of dollars back into the budget the ******* FED increase the interest rate up .25% which cost American's 200 Billion...

the interest rate was at 0% for most of the Obama term and he still added 10 Trillion Dollars in 8 years...

and where were you and your liberal mates during those 8 years??

Crickets...  Roll Eyes
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AiA
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Re: The Trump Deficit jumps 20 percent
Reply #2 - Aug 9th, 2018 at 6:39am
 
President Elect, The Mechanic wrote on Aug 9th, 2018 at 6:14am:
every time Trumps about to bring back hundreds of billions of dollars back into the budget the ******* FED increase the interest rate up .25% which cost American's 200 Billion...

the interest rate was at 0% for most of the Obama term and he still added 10 Trillion Dollars in 8 years...

and where were you and your liberal mates during those 8 years??

Crickets...  Roll Eyes


So laf. Are you saying "deficits don't matter"?
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ProudKangaroo
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Re: The Trump Deficit jumps 20 percent
Reply #3 - Aug 9th, 2018 at 11:17am
 
AiA wrote on Aug 9th, 2018 at 6:39am:
President Elect, The Mechanic wrote on Aug 9th, 2018 at 6:14am:
every time Trumps about to bring back hundreds of billions of dollars back into the budget the ******* FED increase the interest rate up .25% which cost American's 200 Billion...

the interest rate was at 0% for most of the Obama term and he still added 10 Trillion Dollars in 8 years...

and where were you and your liberal mates during those 8 years??

Crickets...  Roll Eyes


So laf. Are you saying "deficits don't matter"?


He's saying it's someone else's fault and Obama had it easy.

When in reality, Trump has done nothing but slow the recovery process since he came into power with his policies, and that recovery has come off the hard work that Obama did in spite of the opposition from the Republicans at every step of the way.

Yes the upward trend is still there, so the overall numbers are improving, which is why he's able to (in many cases falsely) claim record numbers, but if he'd done nothing, they would have been better.

So not only did Obama not have it easy, Trump does.  Doing nothing would be better than what he's done.

Talk about easy.  If only he's be off playing MORE golf...
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Unforgiven
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Re: The Trump Deficit jumps 20 percent
Reply #4 - Aug 9th, 2018 at 11:31am
 
Trump has triggered inflation with his tax cuts for the rich and the tariffs.

This 20% growth in the deficit is just the start as the deficit becomes a monster as interest rates increase.
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longweekend58
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Re: The Trump Deficit jumps 20 percent
Reply #5 - Aug 9th, 2018 at 11:40am
 
How could anyone be surprised by this? Tax cuts are fine until you remember that they have to be paid for.
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