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Trump's debt.

By RafiMaas follow RafiMaas   2018 Aug 16, 7:47pm 2,466 views   29 comments   watch   nsfw   quote   share    


In the last year trump has added $1,468,152,000 to the public debt.

https://www.treasurydirect.gov/govt/reports/pd/mspd/2017/2017.htm
1   TrumpingTits   ignore (2)   2018 Aug 16, 8:03pm     ↓ dislike (0)   quote   flag        

Trump did no such thing. The Nation did.

Learn to make distinctions.
2   Elgatouno   ignore (3)   2018 Aug 16, 8:06pm     ↓ dislike (0)   quote   flag        

RafiMaas says
In the last year trump has added $1,468,152,000 to the public debt.

https://www.treasurydirect.gov/govt/reports/pd/mspd/2017/2017.htm


No way is that possible. That would be more than OBAMA's average year. I call bullshit.
3   RafiMaas   ignore (2)   2018 Aug 16, 8:07pm     ↓ dislike (0)   quote   flag        

TrumpingTits says
Trump did no such thing. The Nation did.

Learn to make distinctions.


I see, so then the same can be said of Obama?
4   CornPoptheOriginalGangster   ignore (5)   2018 Aug 16, 8:14pm     ↓ dislike (0)   quote   flag        

In the second year of Obama, the budget added $1.3T in new Debt

In the second year of Trump, the budget request was $800B in new Debt, half a trillion dollars LESS.
5   RafiMaas   ignore (2)   2018 Aug 16, 8:24pm     ↓ dislike (0)   quote   flag        

TwoScoopsOfWompWomp says
In the second year of Obama, the budget added $1.3T in new Debt

In the second year of Trump, the budget request was $800B in new Debt, half a trillion dollars LESS.


It's funny how they always request half as much as they will need. All I know is the debt went from $19,844,909,000 on July 31, 2017 to $21,313,061,000 on July 31, 2018.
6   TrumpingTits   ignore (2)   2018 Aug 16, 8:28pm     ↓ dislike (0)   quote   flag        

RafiMaas says
I see, so then the same can be said of Obama?

Also, use English properly.

Based upon what you wrote, you are basically referring to Obama needing to learn to make distinctions also?
7   RafiMaas   ignore (2)   2018 Aug 16, 8:36pm     ↓ dislike (0)   quote   flag        

TrumpingTits says
RafiMaas says
I see, so then the same can be said of Obama?

Also, use English properly.

Based upon what you wrote, you are basically referring to Obama needing to learn to make distinctions also?


So you could not understand that I was referring to the fact that they both Presided over the United States and if Trump isn't responsible for the debt accumulated during Trump's presidency then niether is Obama for the debt that was accumulated during Obama's presidency. Does that clear it up for you?
8   HEYYOU   ignore (34)   2018 Aug 16, 8:41pm     ↓ dislike (0)   quote   flag        

Well at least Mexico is going to pay for the Wall.
BTW, how much did the Bush Rep/Con war lie add to the debt.
HEYYOU is the only Conservative here? No Debt!
Pays cash or uses others money for no interest.
Today only old codgers remember signature loans,with very little interest, when a man's word was his bond.
Yes! I was once as stupid as most Americans.+

One is not a Conservative if they have debt that can't be repaid,immediately.
Can they even pay the minimum balance? Of course it's someone elses fault.
9   bob2356   ignore (4)   2018 Aug 16, 9:09pm     ↓ dislike (0)   quote   flag        

TwoScoopsOfWompWomp says
In the second year of Obama, the budget added $1.3T in new Debt

In the second year of Trump, the budget request was $800B in new Debt, half a trillion dollars LESS.


Duh, in the middle of the second worst economic crises in the countries history vs a blazing economy about to be the longest economic boom in history. Yep sure is the same thing. Not. What a joke.
10   CornPoptheOriginalGangster   ignore (5)   2018 Aug 16, 9:11pm     ↓ dislike (0)   quote   flag        

bob2356 says
Duh, in the middle of the second worst economic crises in the countries history vs a blazing economy about to be the longest economic boom in history. Yep sure is the same thing. Not. What a joke.



Half a trillion is nothing?!

Democrats were complaining it wasn't enough back then.

I think Trump is doing a fine job with the lowest unemployment since 1969 and 4.1% GDP growth, and now shocking Retail numbers which are further evidence of an Economic Boom.
11   MrMagic   ignore (11)   2018 Aug 16, 9:36pm     ↓ dislike (0)   quote   flag        

RafiMaas says
In the last year trump has added $1,468,152,000 to the public debt.


He also added $7,000,000,000 of economic value to the country.

Sounds like a pretty good ROI, don't you think?

...."US President Donald Trump today said his administration has increased the country's economic value by USD 7 trillion since he won the 2016 presidential election.

"The US has an increased economic value of more than 7 trillion dollars since the election. May be the best economy in the history of our country."

Read more at:
//economictimes.indiatimes.com/articleshow/64476701.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
12   bob2356   ignore (4)   2018 Aug 16, 9:43pm     ↓ dislike (0)   quote   flag        

TwoScoopsOfWompWomp says
bob2356 says
Duh, in the middle of the second worst economic crises in the countries history vs a blazing economy about to be the longest economic boom in history. Yep sure is the same thing. Not. What a joke.



Half a trillion is nothing?!

Democrats were complaining it wasn't enough back then.


and the two current heads of congress that just passed a bill that is going to spike debt through the roof were complaining obama's debt would ruin the country back then. Seems their concern about debt has disappeared totally.
13   bob2356   ignore (4)   2018 Aug 16, 9:47pm     ↓ dislike (0)   quote   flag        

MrMagic says
Read more at:
//economictimes.indiatimes.com/articleshow/64476701.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst


The India times repeating a trump tweet. Now that's really funny. Where do you guys find this stuff?
14   MrMagic   ignore (11)   2018 Aug 16, 9:50pm     ↓ dislike (0)   quote   flag        

bob2356 says
The India times


Is CNBC a better source to help you with those Pesky Facts? Go ask your buddy, Bernie, what he thinks.

Stock market's value under Trump has grown by $6.9 trillion to $30.6 trillion

That is already nearly half of what the market grew by in all eight years of the Obama administration.

The U.S. stock market has added nearly $6.9 trillion in market cap since President Donald Trump was elected, already close to half of what was added in all eight years of President Barack Obama's tenure.

The market cap, based on the Russell 3000, surpassed $30 trillion for the first time last week and was at $30.6 trillion Thursday, according to Bespoke.

"I think the performance in the first year has exceeded almost everybody's expectations," said Paul Hickey, co-founder of Bespoke. Hickey uses the Russell 3000 to measure overall market cap, since it represents about 98 percent of all U.S. stocks.

https://www.cnbc.com/2018/01/18/stock-markets-value-under-trump-has-grown-by-6-point-9-trillion-to-30-point-6-trillion.html
15   MrMagic   ignore (11)   2018 Aug 16, 9:52pm     ↓ dislike (0)   quote   flag        

bob2356 says
Where do you guys find this stuff?


There's this thing called Google... you should try it sometime, it's amazing what you can learn (that is if you really WANT to learn).
16   komputodo   ignore (2)   2018 Aug 16, 11:25pm     ↓ dislike (0)   quote   flag        

RafiMaas says
In the last year trump has added $1,468,152,000 to the public debt.


Explain to us why it matters.....9 tril, 10, 12, 20.......no end in sight....americans can't deal with austerity.
17   CornPoptheOriginalGangster   ignore (5)   2018 Aug 16, 11:33pm     ↓ dislike (0)   quote   flag        

bob2356 says
and the two current heads of congress that just passed a bill that is going to spike debt through the roof were complaining obama's debt would ruin the country back then. Seems their concern about debt has disappeared totally.


And Democrats were complaining about not enough debt back then. Nor did they complain much throughout Obama's Presidency. Until November 9th, 2016.
18   RafiMaas   ignore (2)   2018 Aug 17, 12:48am     ↓ dislike (0)   quote   flag        

komputodo says
RafiMaas says
In the last year trump has added $1,468,152,000 to the public debt.


Explain to us why it matters.....9 tril, 10, 12, 20.......no end in sight....americans can't deal with austerity.


Because if the interest isn't paid then it all falls apart.
19   OccasionalCortex   ignore (4)   2018 Aug 17, 10:45am     ↓ dislike (0)   quote   flag        

RafiMaas says
o you could not understand that I was referring to the fact that they both Presided over the United States and if Trump isn't responsible for the debt accumulated during Trump's presidency then niether is Obama for the debt that was accumulated during Obama's presidency.


No, he understood what you wrote. But because of your poor English writing skills, you wrote that which you didn't mean to write.

Does that clear it up for you?
20   OccasionalCortex   ignore (4)   2018 Aug 17, 10:47am     ↓ dislike (0)   quote   flag        

RafiMaas says
Because if the interest isn't paid then it all falls apart.

"What" falls apart, exactly? And why?

The US can no longer borrow anymore? It will have to live within its means because of that?

That's not a problem. That is an improvement.
21   6rdB   ignore (0)   2018 Aug 17, 10:51am     ↓ dislike (0)   quote   flag        

Another possibility is that both Obama and Trump were wrong with respect to piling up debt.
22   MrMagic   ignore (11)   2018 Aug 17, 10:53am     ↓ dislike (0)   quote   flag        

dr6B says
Another possibility is that both Obama and Trump were wrong with respect to piling up debt.


Well, you know Trump likes to win, and Obama piled on $10 Trillion during his terms, so maybe Trump feels the need to beat him. Although, winning that contest might not be a good thing.
23   Evan F.   ignore (0)   2018 Aug 17, 1:37pm     ↓ dislike (0)   quote   flag        

Adding $7 trillion of value is great, except it's paper value. What happens when the inevitable correction comes?
24   Herdingcats   ignore (1)   2018 Aug 17, 2:09pm     ↓ dislike (0)   quote   flag        

MrMagic says
Although, winning that contest might not be a good thing.


That's for sure.
25   MrMagic   ignore (11)   2018 Aug 17, 2:20pm     ↓ dislike (0)   quote   flag        

Evan F. says
Adding $7 trillion of value is great, except it's paper value. What happens when the inevitable correction comes?


Everything is paper value today.

Your home value, your bank account balance, your 401K balance, other investment value, what's the difference?
26   OccasionalCortex   ignore (4)   2018 Aug 17, 3:48pm     ↓ dislike (0)   quote   flag        

MrMagic says
Well, you know Trump likes to win, and Obama piled on $10 Trillion during his terms, so maybe Trump feels the need to beat him. Although, winning that contest might not be a good thing.


What matters is what percentage of the GDP that is.

If your GDP growth is higher than the percentage of GDP that your budget deficits are, then you can afford the deficits.
27   CornPoptheOriginalGangster   ignore (5)   2018 Aug 17, 3:54pm     ↓ dislike (0)   quote   flag        

RafiMaas says
Because if the interest isn't paid then it all falls apart.


The risk of that approaches nil
28   HEYYOU   ignore (34)   2018 Aug 17, 4:30pm     ↓ dislike (0)   quote   flag        

Only Democrat or Republican voters should pay for their Party's increased debt.

Stupid Independents will also have to pay.
.....

Pay the interest on you loan & lenders will forgive the principal?
Can someone loan me a 100 million at 2%? When the check clears the bank I'll pay the interest in full.
That's the way debt works. Principal is a mute point.
29   RafiMaas   ignore (2)   2018 Aug 17, 5:09pm     ↓ dislike (0)   quote   flag        

TwoScoopsOfWompWomp says
RafiMaas says
Because if the interest isn't paid then it all falls apart.


The risk of that approaches nil


Actually the debt would need to be going down for the risk to be approaching nil.

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