Bluedriver

So you ask the above after previously asking this?

Originally Posted by full of luv
"Who would have thought in 2016 that we'd elect a "Republican" president, house for two years, and Senate for the next 4 yrs and, despite would could be described as one of the best economic times in the previous 50 yrs, would STILL be running a deficit of over $1Trillion PER YEAR!"

aldonite7667

CCP bot ..........

queue

That's one of the effects of having a decentralized government. Every single public servant representative votes differently every time. Republicans are generally fiscally conservative. Demoncrats love to "give" things away. But occasionally you have RINOs on the right, and fiscally responsible Democrats too. Just look at the latest stimulus packages. Even though Trump wants no out of focus spending on the bills, it's been the Democrats that want to fund their pet projects and special lobbyist interests. Ultimately if you want to lower the deficit, vote in Constitutionally minded candidates who want to audit the Federal Reserve and stop it from printing money out of thin air. That pretty much eliminates every Democrat and most Republicans. There's plenty of people who get it, but they're never voted in. So ultimately it's all our fault. Remember that Trump doesn't make laws nor does he pass spending bills. The executive branch does not have the power of the purse.

Bluedriver

Did Trump promise to fix the national debt during his campaign? That is an absolute yes. Was it getting better (before the Coronavirus)? No, it was getting worse. Much worse, and that was during the BESTEST economy the world has ever seen.

One of the major drivers of additional deficits and debt was Trump's tax changes (which the Lions share of the tax "savings" went to the executive class and the investor class, directly and indirectly, proportionally very little went to the middle class), which he CHAMPIONED. To say that the debt is not at all Trump's fault is moronical. In truth, he is largely responsible for the newly added debt.

aldonite7667

who controls the purse strings????? gee wonder...

Bluedriver

Who controlled the purse strings? Republican's for more than half of Trump's presidency. Who WROTE the new tax laws, and who was it's biggest salesman? Gee, wonder.

copy

Spending has been a bipartisan failure for a long time. One person, or one entire government at a singular snapshot in time, is not to blame. Fiscal responsibility is out the window now. It’s snowballed out of control on both sides. Someone needs to reign it in...but they likely won’t be popular or be able to buy votes by promising free stuff.

full of luv

Eventually, in a big financial "crisis" one day, financial discipline will suddenly be imposed by the lack of ability borrow/print more money without serious ramifications. The only thing that has saved us till now is the fact that everywhere else in the world is at least as bad or worse financial trainwreck (or hides the numbers).

disenchantMINT

There you have it, folks. Terminal 5 is deserted due to deficit spending. This thread has been very enlightening. If I wanted to read idiots on both sides of the aisle argue I'd go to the facebook comments section.

Bluedriver

The worst part, is that Trump and Republicans said the debt was a national emergency, and campaigned heavily on electing them to fix the national emergency. They were given all 3 branches of federal government in 2016, and they MADE IT WORSE! And, they made it worse, during the BESTEST economy the world has ever seen. You are supposed to pay debt down during the good times because budgets will inevitably crumble during the bad times! Like right now!

That is the brutal truth of Trump's presidency and the Republican party with respect to the national debt. And it is very, very bad.