Trump adds $1 TRILLION in DEBT (with pitifully insignificant economic growth)
- Thread starter mentalfloss
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To be accurate they are signing up for Almost $10 trillion in brand new never to be paid for debt over the years to come.
That's a lot of money but it's all going straight to the one percent - so at least it isn't being wasted on things like medicine.
That's a lot of money but it's all going straight to the one percent - so at least it isn't being wasted on things like medicine.
Senate GOP tax bill would add $1 trillion to the debt, new congressional analysis shows
WASHINGTON – The Republican tax bill now pending in the Senate would increase the national debt by more than $1 trillion over the next ten years, even taking into account new economic growth sparked by the lower tax rates, according to a nonpartisan congressional analysis released on Thursday.
Thursday’s report from the Joint Committee on Taxation could introduce fresh uncertainty to the Senate deliberations just as Republicans appeared to be on the brink of passing their sweeping tax package.
The joint committee’s analysis estimated that the GOP bill would increase the nation’s gross domestic product by about .8 percent, increasing revenues by about $458 billion over ten years. But the bill would cost the treasury $1.5 trillion over ten years, so the new revenue would fall far short of covering that tab.
https://www.usatoday.com/story/news...t-new-congressional-analysis-shows/909409001/
Then the rest of the population will have to start paying for all the government services they demand. Or cut services. As ways options. AIn't democracy wonderful.
Re: Trump adds $1 TRILLION in DEBT
It isn't adding to the debt. Unless they neglect to cut spending by the same amount. At least this way the money will be spent by the people that own it rather than squandered by government.
It can be. Depends on the type of debt.
It isn't adding to the debt. Unless they neglect to cut spending by the same amount. At least this way the money will be spent by the people that own it rather than squandered by government.
It can be. Depends on the type of debt.
They are actually Canadians and we are talking about Americans.
Year one something like $1.4 trillion gets bottwed and only the .4 gets paid back.
So yes indeed it is going to the debt - about $9.something trillion is the figure that released.
They are also members of the evil 1% club and you lionize them .And envy their bank accounts .
Can you tell me one leader who ever got them this much cash?
They are literally embarrassed by it.
What a reasoned response. I wonder what Trudeau's debt would have to be to be good debt. I seem to recall you were not on board with Trudeau's debt. Is it because the 1% aren't getting the money?
If you have a phone book of world leaders that have became or is apart of the 1% then I can name them for you
Russia and China without the phone book
Trump catering to the 1%?
NONSENSE
He's a man of the people!
Put on this planet by God himself to drain the swamp!
NONSENSE
He's a man of the people!
Put on this planet by God himself to drain the swamp!
Show me a leader who has bestowed trillions of dollars on the 1% ?If you have a phone book of world leaders that have became or is apart of the 1% then I can name them for you
Russia and China without the phone book
Granted it is the GOP who are responsible, but without a Trump in the White House there is no way they would ever get it through.
Obama would have laughed his ass off at this abortion.