Trump adds $1 TRILLION in DEBT (with pitifully insignificant economic growth)
- Thread starter mentalfloss
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As I predicted.
Poor, poor petey.
GDP growth touted as “historic” by Trump is anything but
While Mr. Trump praised the 4.1 percent annual growth rate in the second quarter, the economy exceeded that level four times during the Obama presidency: in 2009, 2011 and twice in 2014.
https://www.cbsnews.com/news/us-gdp-growth-touted-as-historic-by-trump-is-totally-standard/
Trump sucks at the economy.
Poor, poor petey.
GDP growth touted as “historic” by Trump is anything but
While Mr. Trump praised the 4.1 percent annual growth rate in the second quarter, the economy exceeded that level four times during the Obama presidency: in 2009, 2011 and twice in 2014.
https://www.cbsnews.com/news/us-gdp-growth-touted-as-historic-by-trump-is-totally-standard/
Trump sucks at the economy.
And thw guy talks about whataboutism in the fire thread .....what a bloody hypocrite!
Depends on your person skill set. Can you call down a hail-storm? If not there might be some programs that still pay you to not grow a certain crop.
Not only that but:
Too Little Too Late’: Bankruptcy Booms Among Older Americans
https://www.nytimes.com/2018/08/05/...lder-americans.html?smid=tw-nytimes&smtyp=cur
"SNIP.......
For a rapidly growing share of older Americans, traditional ideas about life in retirement are being upended by a dismal reality: bankruptcy.
The signs of potential trouble — vanishing pensions, soaring medical expenses, inadequate savings — have been building for years. Now, new research sheds light on the scope of the problem: The rate of people 65 and older filing for bankruptcy is three times what it was in 1991, the study found, and the same group accounts for a far greater share of all filers.
Driving the surge, the study suggests, is a three-decade shift of financial risk from government and employers to individuals, who are bearing an ever-greater responsibility for their own financial well-being as the social safety net shrinks.
The transfer has come in the form of, among other things, longer waits for full Social Security benefits, the replacement of employer-provided pensions with 401(k) savings plans and*more out-of-pocket spending*on health care. Declining incomes, whether in retirement or leading up to it, compound the challenge.
.......SNIP"
National debt jumps $500 billion in less than six months
The U.S. national debt has increased by more than half a trillion dollars in less than six months, amid predictions that the U.S. is on the verge of returning to another explosion in government borrowing.
The debt rose to an all-time high of $21.4 trillion on Thursday, according to government data posted Friday. That's more than $500 billion above the $20.88 trillion seen March 7, just a bit more than five months ago.
https://www.washingtonexaminer.com/...&utm_medium=email&utm_campaign=WEX_News Brief
The U.S. national debt has increased by more than half a trillion dollars in less than six months, amid predictions that the U.S. is on the verge of returning to another explosion in government borrowing.
The debt rose to an all-time high of $21.4 trillion on Thursday, according to government data posted Friday. That's more than $500 billion above the $20.88 trillion seen March 7, just a bit more than five months ago.
https://www.washingtonexaminer.com/...&utm_medium=email&utm_campaign=WEX_News Brief
They only surface when the democrats are in power. " Do as we say not as we do '..
Wait until the bigliest defence bill ever! kicks in. Soon, Buzz Light Year and the new Space Force bureaucracy will start sucking up their tens of billions each year, too.
The sad part is that that half billion is an improvement over the previous 6 months.
It was forced downward by all the taxes being paid by all the not very wealthy people in America.
Trump has another 6 months to raid the pantry , because in March next year the debt ceiling comes into effect.
It was forced downward by all the taxes being paid by all the not very wealthy people in America.
Trump has another 6 months to raid the pantry , because in March next year the debt ceiling comes into effect.
Statistically, bankruptcies in the US are down under Trump which actually surprised me. They are lower in 2016 and even lower in 2017 according to government statistics. It doesn't however, breakdown the "ages" of those declaring.