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Adding $1.4T to the debt = winning?
Where were you worrying about that when Obama added $10 Trillion in 8 years?
Here's another hint, that $1.4 T you keep spewing is not DEBT , but it's claimed to be the DEFICIT over 10 YEARS. If you want to run with that narrative, please get your facts correct.
The Senate GOP tax plan will increase the deficit by more than $1.4 trillion over a decade, according to a new analysis by the Congressional Budget Office (CBO).
http://thehill.com/blogs/floor-action/senate/362905-cbo-senate-tax-bill-increases-deficit-by-14-trillion
Depending on how you measure it, Obummer added $6T-$9T to the debt during his 2 terms. Compared to that $1.4T surely seems like winning, esp. without QE. As mentioned earlier I'd like to see tight spending and more debt control/reduction, but this is zillion times better than Boosh/Obummer.
Depending on how you measure it, Obummer added $6T-$9T to the debt during his 2 terms. Compared to that $1.4T surely seems like winning, esp. without QE
Here's another hint, that $1.4 T you keep spewing is not DEBT , but it's claimed to be the DEFICIT over 10 YEARS. If you want to run with that narrative, please get your facts correct.
mell says
Depending on how you measure it, Obummer added $6T-$9T to the debt during his 2 terms. Compared to that $1.4T surely seems like winning, esp. without QE
The word you are floundering around searching for is additional. The bill doesn't make the total increase in the debt 1.4T over the next 8 years. The bill will add 1.4 trillion ADDITIONAL dollars to the debt BEYOND what the increase would have been otherwise.
Anyone know what happened to the republican party that spent the last 8 years screaming about debt being the end of America? Where did those guys go?
Anyone know what happened to the republican party that spent the last 8 years screaming about debt being the end of America? Where did those guys go?
$1.4 trillion over 10 years
I don't?? Really?
I was the one that corrected YOUR error in reading, remember?
What has the economy been doing this year with GDP, Stock Market, Unemployment, Jobs, Corporate profit, etc?? Oh, and tax receipts are at an all time high.
Doesn't look like that ADDITIONAL $100 billion Obama tacked on hurt the economy, did it?
"I listen to [Senate Democratic leader] Chuck Schumer, and the end of the world is coming with this tax bill," the billionaire GOP businessman said in a "Squawk Box" interview.
"My guess is [it's] the end of the world for the Democratic Party because if this tax bill, in my opinion, passes it's going to unleash economic forces all to the good for a lot of people," contended the co-founder of Home Depot.
Langone was referring to criticism levied by Schumer ahead of the early Saturday passage of the Senate's version of a bill that aims to cut taxes on working Americans and U.S. corporations. "Historians will mark this day as one of the darkest black-letter days in the long history of this Senate," Schumer said as he tried to delay the vote.
https://www.cnbc.com/2017/12/04/democrats-are-doomed-if-gop-tax-cuts-become-law-says-ken-langone.html
#economics