Trump now responsible for fastest deficit growth in US history
 

.....but the economy is great they say. In 4 years Trump will grow the deficit by nearly as much as what it grew under 8 years of Obama. Obama has to deal with a recession and bail outs that Bush signed into law. Trump has a growing economy and is growing the deficit faster than anyone in US history with his tariff war..

President Donald Trump: Total Actual plus Budgeted = $5.683 trillion, almost as much in one term as Obama added in two. That's one reason why so many argue whether Trump or Obama is better for the economy. This would be a 35 percent increase, putting him in the top 10 list.

FY 2021 - $916 billion.
FY 2020 - $987 billion.
FY 2019 - $984 billion.
FY 2018 - $833 billion.

President Barack Obama: Total = $6.785 trillion, a 57 percent increase.

FY 2017 - $666 billion. Although Trump requested additional spending, Congress did not approve it.
FY 2016 - $585 billion.
FY 2015 - $438 billion.
FY 2014 - $485 billion.
FY 2013 - $679 billion.
FY 2012 - $1.087 trillion.
FY 2011 - $1.300 trillion.



https://www.thebalance.com/deficit-b...s-hide-3306151

Its more fun to break it down by countries...


Tarrif Nafta man to the rescue!

China $US419 billion.
Canada $US19.8 billion
Mexico $US81.5 billion

All record trade blow outs!!!!, Trump calls it winning! Art of the Deal stuff... AssPimp will be in to explain it shorty.

https://www.smh.com.au/business/the-...07-p512di.html

Given the deteriorating trends in the US trade equations, for such smart people, the administration seems to be demonstrating it is peopled with slow learners.

early signs of MAGA :1orglaugh:1orglaugh:1orglaugh:1orglaugh

and thesquealer was posting all this copy paste shit about how theres lots and lots of MAGA and now this happens :(

if only there was a clue that the emperors new clothes are the emperors new clothes :1orglaugh:1orglaugh:1orglaugh

Of course Trump did this during a strong economy....

Remember when Robbie was outraged about Obama growing the deficit. I bet he wont say a word about this or it will be all excuses and the liberal media's fault..

Must be that 4D chess stuff and Asspimple/Squalboy will explain it all to us with some memes..

"fake news, orange man god, black man bad, hateful liberals, you idiots just want America to go down in flames [insert memes here]"

-ThePorker, UnHungHigh, AssPimple, Robbie Cuck and that aim dude... Probably.

That's just it. When Democrats do something it's bad, evil, and horrible. When Republicans do it they don't complain a bit.

Raising the deficit is bad - always.

When Obama did this I was disappointed, but I understand the reason why it was needed. Our country was in trouble, people had lost their jobs, their houses, and the only thing that could bail us out was the federal government. We needed the US government to spend money and invest it into our country. In the process it would cause our deficit to go up. Republicans bitched the entire time.

Now our economy is strong but Trump made cuts to taxes for the rich. He is spending more for no reason, and taking in less. Thus, the deficit goes up. And suddenly Republicans are fine with this.

Jesus H fucking Christ you guys are so gullible.

Who do you think added 10 trillion to the debt in 8 years prior to Trump taking office? And do you have any idea how much interest is paid on this entire 20 trillion in debt? You don't think that has anything to do with it? Good lord you guys will latch onto anything.

https://www.washingtonpost.com/news/...=.0549a5ddd7ce

just saying..

You mean Bush's wars and tax cuts that he kicked down the road into Obama's admin?

Face it, Republicans shit all over the floor, piss all over the walls and Dems always have to come in and clean up their shit. EVERY.FUCKING.TIME

^^^^^ obvious truth...

O'really? ok.

First dumbass, it's not that simple. https://www.thebalance.com/us-debt-b...ercent-3306296

Next, Why are you trying to change the subject? It's Trump's problem now. Don't you want him to fix it? Or will you suck his cock no matter what? (Don't answer, I already know you will suck his cock no matter what).

Yup I agree much of it was Bush's fault. That much debt just keeps spiraling into more debt. Now just the interest is something like 600 billion a year so of course it's the fastest growing. The article is disingenuous at best. This is right up rochard's ally.

Trump is doing the same thing Bush did :2 cents:

The only difference is Trump is in a trade war which has crushed our economy and increased the speed of inflation. This has caused a record 7,000,000 Americans to be 90 months plus late on their car payments which a red flag precursor to recession.

13 billion of tariffs paid by Americans as of Dec. 18th 2018 ....

lol at the alt right sheep calling everyone else gullible

Nope , fake numbers :

For all of fiscal 2018, net interest on the public debt rose by $62 billion to about $371 billion, according to the CBO's preliminary numbers.

Notice his response is to talk about Obama, not Trump's fastest deficit growth in American history.

When the recession hits he'll say it's cyclical and expected. Just like he said billions in tariffs are good. Just like he said car manufacturers going out of business is good. Just like he said dozens of brick and mortar stores going bankrupt is good.

Same thing on steroids. Much bigger tax cuts, much bigger cutting of banking and consumer regulations and bigger deficits. The two biggest things that fucked the economy up in '09. We will totally be unprepared when the next recession hits (and it's coming) and you know the way Trump will deal with it will be 'fake news'.

Exactly

As the economy has started to unravel Trump just removed the bank restrictions that Obama put in place to protect from another financial collapse.

This is a critical mistake. Look at what Trump did yesterday:

"The Federal Reserve said it would adjust the structure of its annual “stress tests,” which measure the ability of leading banks to withstand a potential economic or financial storm. The changes make it easier for banks to get regulatory approval to pay higher dividends or buy back their own shares.

Separately, a federal oversight panel announced that it will no longer designate big, non-bank financial institutions — insurers, asset managers and the like — as “systemically important.” The classification subjected such firms to more intrusive government regulation."

"The bigger change is the Fed’s adjustments to how it conducts its stress tests of 11 of the biggest banks that received government bailouts in 2008.

The Fed said on Wednesday that it would end its practice of awarding “pass” or “fail” grades to banks on a portion of the stress tests that measured the capacity of banks to keep lending during a financial crisis or economic downturn. This so-called qualitative section of the test also measured the strength of their risk management and anti-money laundering systems."

https://www.nytimes.com/2019/03/06/b...egulation.html

No more pass/fail stress tests for the biggest 11 banks, on top of all the other protections removed. So smart /s

Whatever the fuck it is you don't think that has anything to do with it?

And we're in a necessary trade war. It could get worse before it gets better.

The government is spending billions bailing out our farmers because of Trump's tarrifs. Car manufacturers are moving out of America because of Trump's steel tarrifs. We have a RECORD trade deficit with China despite the tarrifs. 2018 was the worst year for stocks in 10 years. The DOW and S&P500 had their worse December since 1931. December's NASDAQ was the worst in it's history. WTF is wrong with you?

Oh how desperate...

Yeah those pesky facts are "desperate."

I've seen you say here many times China is fucking us bigtime and we need to battle them. Here's Trump is doing just that and you're complaining. You're just full of shit :2 cents:

He does the same shit in every thread. It's pure hypocrisy at its best.

Necessary trade war that Trump isn't fit to command. The guy who failed at running a casino, failed at running a university, failed at selling steaks.. went bankrupt multiple times thinks he's the guy to fix our problems and your dumb enough to still believe him even though every thing we said would happen is happening and you still deny it..

You are like someone addicted to gambling.. This next time its gonna win big....

Are you aware that China has agreed to buy 1 trillion dollars of our goods? And this is just part of the deal. But orange man bad.

https://i.imgur.com/VcldaOI.png

You live in a god damn echo chamber that doesn't report any of this shit.

And do you think Hillary would have done the same or better?

Sure, sure... let me show you the key wordfs in your little meme...


"buy up to $1.2 trillion" Meaning might be 1.2 trillion, might be a few 100 million... or less..

I'm not brainwashed like you.

I just listed major negative record breaking hits to our economy and your response is to attack me personally to distract from the topic.

Are you capable of having a straight forward conversation?

On top of all those negatives I listed yesterday Trump removed bank regulation that's put stress tests on the banks to make sure they can withstand another collapse. Do you know why? Because some were failing the tests!

If your plane started failing safety tests and you chose not to fix it and stop testing would you fly that plane?

Deutsche Bank fails Fed stress test while 3 US lenders stumble

The annual test found "widespread and critical deficiencies" in the bank's capital planning controls.

The Fed also placed conditions on three banks that passed the test.

Goldman Sachs Group and Morgan Stanley cannot increase their capital distributions.

State Street Corp must improve its counterparty risk management and analysis

None of these banks have to make any changes now because as they started failing we decided to stop testing. It's back to driving us into another crash with no protections.

Meme? C'mon negative nancy.

China made an offer of over $1.2 trillion additional commitments to the US. Are you mad?

Bullshit...they will buy from the USA instead of US trade partners...there is no new unplanned spending...the net deficit remains the same...your trade partners now have 1.2 trillion less money and they do not exactly like you because of it...you fucked them...oh and china does not like you as well...good luck with that LOL

red hats do not get the simplest shit...no new buyers were created...it is a scam LOL

hahah look at the desperation of the serb trying to imply that trade is a zero sum game. You are a dip shit.

Trump is seriously fucking this country up while the economy is still somewhat good (thanks Obama), just wait until things start going bad. Think of the fucking nightmare if Trump would have came on when Obama did. Half this country would be eating KFC out of the dumpsters. You cultists are fucking things up bad and my guess is you secretly hope the whole shit house goes up in flames because things suck so bad for you already.

Do not be a moron and imply that china will buy shit it does not need or that your goods suddenly became more appealing to china folk...the chairs on the titanic have been rearranged...no new demand was created...

You red hats seem to think that XI went on chin TV and was like "buy more US shit pls!"...you red hats are amazingly stupid...