The largest number comes from calculating how much the debt increased during Obama’s two terms. On January 20, 2009, when he was sworn in, the debt was $10.626 trillion. On January 20, 2017, when he left, it was $19.947 trillion. That’s why most people say Obama added $9 trillion to the debt, more than any other president.
Trump promised to pay off the national debt in eight years. So far, it’s going up at an equally staggering rate as it did during the Obama administration, shrug.
Yeah Obama said the same thing.
Obama refused to raise the debt level when he was a senator said if wasn’t;t fair to our children then as president sent it through the roof.
As to spending, 2/3rds of government spending is mandated by law and only congress can change that unless your Obama.
To add fuel to the fire, the ACA and healthcare is costing this nation over 1.1 trillion and year and growing larger year after year.
But it’s all Trumps fault.
Of course they’re two different things. But it’s funny that you guys no longer want to talk about national debt after (rightly so) complaining about it for the eight years of the Obama administration. Of course the reason is clear, Trump promised to pay it off in eight years but instead, it’s rising just as it did during the Obama years.
The debt is equally dangerous to this country.
The problem is neither party want to cut spending as they seek a life time job and cannot have it pizzing people off by cutting off their freebies.
Several years ago 60% of Americans receive something from the federal government from SS/Medicaid/SNAP/college loans and a host of other programs.
As stated before Obama/trump can do little to slow the spending without a congress addressing the issues. The ACA didn’t help in the spendathon.
“Inch by inch, life’s a cinch. Yard by yard, life’s hard.”
If the socialist democratic party would get off their collective asses and do something anything other then say no the nations working class may have a shot at greatness and prosperity again .
It took Obama eight years to double the national debt we are a year and a half into a eight year term as I said in the opening “Inch by inch, life’s a cinch. Yard by yard, life’s hard.” !!
That’s the only time that you guys can mention the ND. Not a one of you have spoke to the TIC’s promise of balanced budgets and paying off the ND in eight years, and that’s because you know that neither is going to happen.
In case you didn’t know Congress is in charge of the spending just look at all the pork in the last spending bill !.
Drain the swamp
The President submits a budget request to Congress. The House and Senate pass budget resolutions. House and Senate Appropriations subcommittees “markup” appropriations bills. The House and Senate vote on appropriations bills and reconcile differences.
The Hill reported that the special tax provisions amount to $17.4 over the next four years; the bill contains $13.3 billion in tax credits in fiscal year 2018, according to an analysis conducted by the Joint Committee on Taxation (JCT).
One provision in the budget limits an excise tax on investment income at private colleges with at least 500 students, which allegedly benefits small schools such as Berea College, based in McConnell’s home state of Kentucky.
Another part of the bill extends the three-year depreciation for racehorses, allowing owners to depreciate the value of their horses. This tax appreciation was a top priority of the National Thoroughbred Racing Association, which also resides in Kentucky.
The budget also extends special expensing for film and television productions, giving a nice gift to Hollywood and Sen. Schumer’s home state of New York. This provision costs the government $1.3 billion alone.
Club for Growth President David McIntosh charged that the Bipartisan Budget Act of 2018 also contains extensions of “cronyist” tax extenders and subsidies to benefit special interests.
As if that’s not bad enough, this deal also includes $80+ billion in so-called disaster relief spending, cronyist tax extenders, an expansion of farm subsidies, and another suspension in the debt ceiling, conveniently timed to expire after the mid-term elections. Nowhere in this deal are the $54 billion in spending cuts outlined in President Trump’s budget. Instead, the big government freight train is running out of control.
The budget deal, known as the Bipartisan Budget Act of 2018, includes:
Spending limits created by the Budget Control Act of 2011 will be raised by about $300 billion over the next two years. Defense spending will be raised by $80 billion in the current fiscal year and by $85 billion next year. Domestic spending will increase by $63 billion this year and by $68 billion next year. Congress will suspend the debt limit through March 2019, putting the next debt limit vote past the 2018 midterm elections. $20 billion for additional infrastructure programs such as surface transportation, rural water, and wastewater systems. $6 billion to fight the opioid crisis. $4 billion for college affordability programs to help police officers, teachers, and firefighters. $90 billion in disaster aid for Texas, Florida, and Peurto Rico. The bill repeals Obamacare’s Independent Payment Advisory Board (IPAB), which was designed to limit Medicare costs. A ten-year extension of the Children’s Health Insurance Program (CHIP), which is four years longer than the previous spending bill passed last month. The two-year spending bill excludes funding for President Donald Trump’s proposed southern border wall. President Trump asked for $25 billion over several years to build the southern border wall. The bill does not include any legislation addressing Deferred Action for Childhood Arrivals (DACA) illegal aliens, much to the dismay of House Minority Leader Nancy Pelosi (D-CA).
I know know such thing !
If we can drain the swamp in the next few elections and elect Americans in both party’s committed to America not reelection there isn’t much America can’t do !
Lmfao. It’s always the presidents fault when he’s a democrat, then when there’s a Republican President, it reverts to congress. Hahahahaha hypocrisy loudly on display.
Nothing but hate and a inferiority complex poor me !
Exactly, there are 80% more jobs associated with using steel than there are with producing it. The chamber of commerce has estimated a loss of 2.6 million jobs while the Trump administration is bragging about adding 250k jobs.
Won’t disagree with the need to elect people who put the country first, but if you’re going to continue to send partisans to Washington forget it.
…and today the unemployment rate is the lowest it has been since the year 2000…
And the COC says Trump’s tarrif slap in the face to our allies will cost 2-1/2 million jobs,
Ever work in a steel mill ?
I have I built them so the money you are talking about doesn’t come close to telling the whole story !
Whats wrong with making the steel and use the steel we make ?
Chairman of Ford Motor company opposes it as does the COC, shrug.
Of course he does I will go out on a limb and say the only people happy about this are working Americans !
Anyone importing anything related to the tariffs will be forced to raise prices . That is the point if it cost more to import then manufacture in America it’s a no brainer . Made in America !!!
Its rather ironic how so many countries love doing business with the US and don’t mind having huge trade deficits are all of a sudden up in arms when the US wants those deficits are reduced.
Until they ramp up production in the US.