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Sun Mar 18, 2018, 08:01 AM

One half TRILLION added to the National Debt in 10 weeks.........

Last edited Sun Mar 18, 2018, 10:33 AM - Edit history (1)

I posted about this about to happen a couple of weeks ago. It actually happened on March 15th,that's a half TRILLION $$$$ added to the National Debt in just ten weeks. Wonder if CNN could take a break from all the click bait ads to report on this?? This from a clown who was going to halve the ND in just a year or two and bitched endlessly about Obama and what he added.

Yeah well when someone drops what was essentially the Second Great Depression in your lap you will have to spend--or set there doing nothing like Hoover. This drastic rise in just ten weeks is nothing more than his fat 14% tax cut for Corporations--wait until it really gets traction in 2018 and the individual stuff kicks in.

Down to the last penny:

$538,468,242,905.64

12 replies, 1137 views

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Reply One half TRILLION added to the National Debt in 10 weeks......... (Original post)
Bengus81 Mar 2018 OP
PA Democrat Mar 2018 #1
Glamrock Mar 2018 #2
Scurrilous Mar 2018 #3
FreepFryer Mar 2018 #4
Bengus81 Mar 2018 #8
FreepFryer Mar 2018 #9
colsohlibgal Mar 2018 #5
n2doc Mar 2018 #11
Doodley Mar 2018 #6
Thrill Mar 2018 #7
roamer65 Mar 2018 #10
n2doc Mar 2018 #12

Response to Bengus81 (Original post)

Sun Mar 18, 2018, 08:14 AM

1. Who could have predicted that the Republican tax cuts would not pay for themselves?

Only every credible economist on earth. And yet, the Republicans are planning even MORE tax cuts.

On Wednesday, President Trump touted his ginormous, sloppily drafted, deficit-financed tax cuts, written under cover of night without benefit of hearings or experts. The whole thing was so much fun, he said, that he hopes to do it all again.

This year.

“We're actually going for a phase two which will help — in addition to middle class, it will help companies and it's going to be something I think very special,” Trump said in Missouri. “Kevin Brady is working on it with me, Congress is working, the Senate's working.”

Brady (R-Tex.), the chairman of the House Ways and Means Committee, confirmed another tax-cut bill was in the works.


https://www.washingtonpost.com/opinions/republicans-need-to-stand-for-more-than-cutting-taxes/2018/03/15/f1e97916-287d-11e8-b79d-f3d931db7f68_story.html?utm_term=.c98a002eb4e9

The new plan would reduce the tax rate for capital gains which already receive preferential treatment under the current tax code.

They are hoping to FORCE Democrats when they regain control to clean up their mess, hoping that the blame will be placed upon the Dems.

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Response to Bengus81 (Original post)

Sun Mar 18, 2018, 08:39 AM

2. Hmmmmm

I wonder where the Tea Party is. Wasn't the debt their big thing?


I guess it had more to do with a black president after all. Fucking racist ass hypocrites!


I knew it then, it's proven now....

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Response to Bengus81 (Original post)

Sun Mar 18, 2018, 09:00 AM

3. K&R

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Response to Bengus81 (Original post)

Sun Mar 18, 2018, 09:10 AM

4. Can I get a link to the analysis to understand what happened 3/15 (not just a debt clock)? Thanks!

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Response to FreepFryer (Reply #4)

Sun Mar 18, 2018, 10:20 AM

8. Yep,here's the web site........

This is direct from the treasury,not just a debt clock. This is set up to show just 2018 but you can adjust the numbers back to Jan 2017 and save the new link.

New DEBT since Trump took office--yeah that's HIS first TRILLION and happened on 3/9/18:

1,083,762,449,553.76



Since 1/2/18:

https://www.treasurydirect.gov/NP/debt/search?startMonth=01&startDay=02&startYear=2018&endMonth=12&endDay=30&endYear=2018


From Trumps first day in office:

https://www.treasurydirect.gov/NP/debt/search?startMonth=01&startDay=20&startYear=2017&endMonth=06&endDay=30&endYear=2018

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Response to Bengus81 (Reply #8)

Sun Mar 18, 2018, 10:25 AM

9. Awesome, thanks so much for this! Makes exporting the argument so much easier! Nt

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Response to Bengus81 (Original post)

Sun Mar 18, 2018, 09:29 AM

5. They Depend On The Clueless Fox Zombies

They keep running the same scheme. As in spend like drunken sailors when in power then whine about the debt.....that they created....when they become debt hawks.

But Fox And Rush And Their Like will never ever point that out.

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Response to colsohlibgal (Reply #5)

Sun Mar 18, 2018, 10:43 AM

11. Their employers make sure of that. n/t

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Response to Bengus81 (Original post)

Sun Mar 18, 2018, 09:42 AM

6. Trump still has a poll boost from his tax cuts that is really paid for by borrowing more money.

Dems has an open goal but let GOP win.

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Response to Bengus81 (Original post)

Sun Mar 18, 2018, 09:49 AM

7. Conservatism

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Response to Bengus81 (Original post)

Sun Mar 18, 2018, 10:42 AM

10. Just wait until the markets turn on junk Treasuries.

It will make the Crash of 1929 look like a summer picnic.

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Response to Bengus81 (Original post)

Sun Mar 18, 2018, 10:43 AM

12. Loot Loot Loot

They know their time is short.

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