Trump runs the country just like he ran his bankrupted businesses

[floridafan]

Trump campaigned on the promise of eliminating the federal debt within eight years, but what his economic policies have actually been doing is bankrupting the country. The U.S. government’s budget deficit ballooned to almost $1 trillion in 2019, which is nearly a 50 percent increase during Trump’s time in office.

Trump’s overall contribution to the national debt, for the bills he has signed into law, is projected to top $4.1 trillion, according to the nonpartisan Committee for a Responsible Federal Budget. The largest portion of this increase is coming from Trump’s tax cuts for the wealthy and corporations, which are projected to boost the nation’s debt by $1.8 trillion, according to this group’s analysis.

Trump promised this his economic policies would lead to growth in the economy of between 3 and 4 percent per year, but the reality is that the economy has been growing at barely 2 percent over the past year. And the average economic growth since Trump took office has been a little more than 2.25 percent per year. The promised benefits from the massive tax cut have not materialized, and in fact the United States has now had two consecutive quarters of negative investment growth.

Not only are Trump’s tax cuts not boosting business investment as promised, but they are also bankrupting the country’s economic future. The nonpartisan Congressional Budget Office projects that deficits will remain massive each year going forward until the total federal government debt reaches nearly 100 percent of the country’s GDP (gross domestic product): “Under current law, the federal government is projected to borrow an additional $13.6 trillion from the end of 2018 through 2029, boosting debt held by the public to $29.3 trillion.”

The country’s ability to weather economic downturns has also been compromised because the tools of economic stimulus needed to pull the country out of a recession have already been squandered at a time when they were not needed. The country’s economic resources are being wasted with minimal benefit, while its future economic health is endangered.

Another of Trump’s great promises was that he would eliminate the U.S. trade deficit. Here again, Trump’s performance has been disastrous. Far from declining, the U.S. trade deficit is now running some 40 percent above the level it was running when Trump first assumed office.

[countryboy]

Trump campaigned on the promise of eliminating the federal debt within eight years, but what his economic policies have actually been doing is bankrupting the country. The U.S. government’s budget deficit ballooned to almost $1 trillion in 2019, which is nearly a 50 percent increase during Trump’s time in office.

Trump’s overall contribution to the national debt, for the bills he has signed into law, is projected to top $4.1 trillion, according to the nonpartisan Committee for a Responsible Federal Budget. The largest portion of this increase is coming from Trump’s tax cuts for the wealthy and corporations, which are projected to boost the nation’s debt by $1.8 trillion, according to this group’s analysis.

Trump promised this his economic policies would lead to growth in the economy of between 3 and 4 percent per year, but the reality is that the economy has been growing at barely 2 percent over the past year. And the average economic growth since Trump took office has been a little more than 2.25 percent per year. The promised benefits from the massive tax cut have not materialized, and in fact the United States has now had two consecutive quarters of negative investment growth.

Not only are Trump’s tax cuts not boosting business investment as promised, but they are also bankrupting the country’s economic future. The nonpartisan Congressional Budget Office projects that deficits will remain massive each year going forward until the total federal government debt reaches nearly 100 percent of the country’s GDP (gross domestic product): “Under current law, the federal government is projected to borrow an additional $13.6 trillion from the end of 2018 through 2029, boosting debt held by the public to $29.3 trillion.”

The country’s ability to weather economic downturns has also been compromised because the tools of economic stimulus needed to pull the country out of a recession have already been squandered at a time when they were not needed. The country’s economic resources are being wasted with minimal benefit, while its future economic health is endangered.

Another of Trump’s great promises was that he would eliminate the U.S. trade deficit. Here again, Trump’s performance has been disastrous. Far from declining, the U.S. trade deficit is now running some 40 percent above the level it was running when Trump first assumed office.

Which Democrats are proposing a cut in spending? Name names.

[floridafan]

Which Democrats are proposing a cut in spending? Name names.

Yje buck stops with Trump- its called a VETO or at the very least the threat of a veto.

[countryboy]

Yje buck stops with Trump- its called a VETO or at the very least the threat of a veto.

Translation, Dems are not any more interested in cutting spending than establishment republicans.

[floridafan]

Translation, Dems are not any more interested in cutting spending than establishment republicans.

The subject is trumps ongoing failure to keep his promises.

[Micawber]

Wow, Trump conned banks out of a couple B and never repaid. I'm so impressed with his "business acumen"
He should have written "Art of the grift"

[countryboy]

The subject is trumps ongoing failure to keep his promises.

Presidents aren't Kings, Trump has done exceptionally well. The tax cuts haven't contributed a penny to the debt and deficit. It's the spending, and not only are Dems doing nothing about it, but are all gung ho about increasing it. Your arguments against Trump don't have a leg to stand on.

[Cinnabar]

Trump campaigned on the promise of eliminating the federal debt within eight years, but what his economic policies have actually been doing is bankrupting the country. The U.S. government’s budget deficit ballooned to almost $1 trillion in 2019, which is nearly a 50 percent increase during Trump’s time in office.

Trump’s overall contribution to the national debt, for the bills he has signed into law, is projected to top $4.1 trillion, according to the nonpartisan Committee for a Responsible Federal Budget. The largest portion of this increase is coming from Trump’s tax cuts for the wealthy and corporations, which are projected to boost the nation’s debt by $1.8 trillion, according to this group’s analysis.

Trump promised this his economic policies would lead to growth in the economy of between 3 and 4 percent per year, but the reality is that the economy has been growing at barely 2 percent over the past year. And the average economic growth since Trump took office has been a little more than 2.25 percent per year. The promised benefits from the massive tax cut have not materialized, and in fact the United States has now had two consecutive quarters of negative investment growth.

Not only are Trump’s tax cuts not boosting business investment as promised, but they are also bankrupting the country’s economic future. The nonpartisan Congressional Budget Office projects that deficits will remain massive each year going forward until the total federal government debt reaches nearly 100 percent of the country’s GDP (gross domestic product): “Under current law, the federal government is projected to borrow an additional $13.6 trillion from the end of 2018 through 2029, boosting debt held by the public to $29.3 trillion.”

The country’s ability to weather economic downturns has also been compromised because the tools of economic stimulus needed to pull the country out of a recession have already been squandered at a time when they were not needed. The country’s economic resources are being wasted with minimal benefit, while its future economic health is endangered.

Another of Trump’s great promises was that he would eliminate the U.S. trade deficit. Here again, Trump’s performance has been disastrous. Far from declining, the U.S. trade deficit is now running some 40 percent above the level it was running when Trump first assumed office.

And where is his wonderful fabulous terrific great health insurance plan for everyone?

[ThatOwlWoman]

The country’s ability to weather economic downturns has also been compromised because the tools of economic stimulus needed to pull the country out of a recession have already been squandered at a time when they were not needed. The country’s economic resources are being wasted with minimal benefit, while its future economic health is endangered.

Mr. Owl's other name is Mr. Capitalist. He agrees 100% with this. At the beginning of TRE45ON's term, when the tax cut was first being bandied about, he said that it was a terrible idea. As the economy continued to recover from the great recession, we had an opportunity to continue with the tax rates in existence and pay down the debt; with responsible management he felt that it was even possible by the end of TRE45ON's first term to have a surplus. Remember how Bill Clinton pulled that off?

But nope, IMPOTUS is a failed TV game show host and a multiple-bankrupt business failure as well. Rather than do what even the least-sophisticated among us would have done when the family's economic situation is good -- pay off bills, save for a future time when maybe things weren't so great -- the moron crapped out a tax cut for the wealthy, and stiffed us all.

So now we are stuck with an economic idiot, and a chorus of cretins who think he can do no wrong because they've fallen for the illusion of a wealthy, booming economy.

[ThatOwlWoman]

The subject is trumps ongoing failure to keep his promises.

Looks like countrytard is one who falsely believes that TRE45ON is doing a fabulous job but yeah what about those Democrats?

[floridafan]

Presidents aren't Kings, Trump has done exceptionally well. The tax cuts haven't contributed a penny to the debt and deficit. It's the spending, and not only are Dems doing nothing about it, but are all gung ho about increasing it. Your arguments against Trump don't have a leg to stand on.

Post after post, link after link show that you don't know what the fuck you are talking about. Trillions will be added to the deficit because of the tax cuts- trillions.

[Adolf_Twitler]

Translation, Dems are not any more interested in cutting spending than establishment republicans.

Establishment Republicans? What a joke!

If you are referring to any Republican today, You are talking TRUMP TRAIN all the way!

ALL THE WAY TO Derailment!

ALL ABOARD THE TRUMP TRAIN SUCKERS!