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Hot Topic (More than 10 Replies) Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up (Read 231 times)
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Re: Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up
Reply #20 - Dec 6th, 2018 at 12:31pm
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Ulysses wrote on Dec 6th, 2018 at 1:58am:
Do you deny that Trump has described himself as "The King of Debt"?


No, I don't deny it. I clearly stated that I think Trump's attitude on debt is wrong and harmful to our country.

Now, do you agree that your boys Obama and Clinton also helped to increase our deficit?
  


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Re: Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up
Reply #21 - Dec 6th, 2018 at 12:32pm
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Trump is turning away from all thought of fiscal constraint.

Obama inherited a recession, complete with recession-style stimulus spending, but deficits DID go down consistently and significantly in his 8 years.

Bush doubled the debt after his VP said "deficits don't matter", slashing taxes, raising spending, and lighting a couple trillion dollars on fire in the middle east.

Clinton was the one modern president under which the deficit disappeared, if only for a moment.

Reagan was in many ways the ideological father of fiscal conservancy, but only in theory.  In practice, he bested them all and tripled the debt.

There are differences in policies and agendas.  Both parties are fiscally reckless, but republicans seem much more urgent about breaking the budget.
  

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Re: Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up
Reply #22 - Dec 6th, 2018 at 1:11pm
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Source: TheBalance.com

Quote:
Under President Obama, the national debt grew the most dollar-wise. He added $8.588 trillion. This 74 percent increase was the fifth-largest. Obama's budgets included the economic stimulus package. It added $831 billion by cutting taxes, extending unemployment benefits, and funding public works projects.
  


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