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Ask America.. Trump / US Debt in 4 Years acceptable balance??
Trump I believe comes into office on January 8th, 2017.
Let's say USA will be 20 trillion in debt.
Exit four years in 2021... balance will be??
Trump running a succesful government... Balanced Budget $20 Trillion.
Trump running a pyramid scam... Budget balance $30 Trillion.
What ending balance in 2021 says Trump managed the US Government like a successful business??
http://www.nationaldebtclocks.org/de...k/unitedstates
Most people here have no idea in WTF you are talking about, so speak in layman terms. Explain what the heck the National Debt is? Why will it increase to said amount because of Trump.
Based on his tax cuts the projections are that we will add about 4 trillion in debt. Unless of course you believe, as conservatives do despite all evidence to the contrary, that tax cuts pay for themselves. Now that the black man is out of their white house I expect the Tea Party crowd to no longer care about the national debt.
Who cares, why should anyone be concerned about money stolen from them and then they being told they have a debt.
Everyone wants more services and lower taxes.....
That national debt is mathematically impossible to pay off..and on top of this the debt is in federal reserve notes..Legally, a note is a debt. So we don't have to pay back anything. You won't understand any of this though. start here for education
if Trump does not absolutely destroy the Federal Reserve nothing he does matters.
Aggie, don't worry about the debt. Trump is going to build a wall; an amazing wall; the greatest wall ever between the U.S. and Mexico. And guess what, Aggie. Just guess. Us Americans aren't going to pay one cent for that wall, because Mexico is. So with that amazing wall; with the greatest wall ever built, we are going to save so much money .. and amazing amount of money, that we won't have a debt in four years.
A budget deficit is a completely different animal than the national debt.
In the last 8 years the national debt has gone from 9 TRILLION to 20 trillion. It can not be paid off as it represents 7x gross tax revenues.
Budget deficits, however, for the most part don't matter. If kept between 2-4 % a government can run within the specter of inflationary expectation and within the margin of error in tax revenue projections.
This is a very important time for the USA to begin borrowing international money (negative interest) and paying it back with US DOLLARS, as Fed will likely raise rates 25 BPS in December. Only chance to reduce debt is with strong dollar.
Now that we have a billionaire president elect who is always harassed by the IRS and the EPA, expect those agencies
gone.
Meanwhile he wants to cut taxes bigly, while building a wall, building up the military and going after ISIS.
Then he wants to have massive infrastructure improvements. Where is all that money coming from?
Don't forget, he bankrupted himself 3 times.
That would be equivalent to you taking a huge pay cut and using your credit card to buy 3 houses
hoping to sell them for profit.
Private sector pays for govt employees and their outlandish benefits. In order to bring down our debt
we need a 5 to 1 ratio of private sector to govt sector. Right now we have more govt jobs than private.
Debt means nothing to republicans when they are in office. Heck Cheney said deficits don't matter. This is why most clear thinkers know these assholes are the biggest Hippocrates on the planet
Originally Posted by Thor4140
Sammy knew and posted about Libs beginning to worry about the Debt now --- Obama doubled the debt... Libs were silent
Seems like America reconizes this issue and has a consice plan of government action to solve it.
If we can even stem the bleeding I'll be happy. If he can figure out how to repatriate the money stuck offshore it will be a huge win for everyone. Investors and Gov alike.
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