The U.S. national debt exceeded $33 trillion for the first time ever

QP! said:
No one is saying 'zero debt'. Of course debt is very valuable in the Capital stack.

What Republi'cans' do is run up the credit cards to the point where the country is one disaster away then from going broke, knowing that the next Dem gov't will come in and and massively bring it down, while getting the country back on a healthier track.
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Debt has no value. It is not an asset.
 
Into the Night said:
Most nations are issuing fiat currency, and in debt.
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A little debt is necessary. There's a big difference between a young couple taking out loans for a car and their home versus a couple who have maxxed out their credit cards and have bought cars they can't afford while renting a trailer home.
 
Doc Dutch said:
A little debt is necessary. There's a big difference between a young couple taking out loans for a car and their home versus a couple who have maxxed out their credit cards and have bought cars they can't afford while renting a trailer home.
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Personal debt is not government debt, Sock.
 
Nordberg said:
He passed a tax break almost all of which was for the wealthy and corporations. It jacked up the debt bigly. But that is what Reubs do.
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It is what Trump does.

When he had to provide his taxes due to a law suit in the past, they showed he had lost more money than any other citizen in America. He was literally the biggest loser.


What he does, is enjoy the sugar high, of taking on massive debt, so you can live big and FEEL richer than you are, with no plan on the other side on how to pay it down, especially if there are any glitches in the economy. It is exactly why he has arguably the biggest string of corporate bankruptcies, too.

He was doing that exact same thing to America. Feeding the country a sugar high, by piling in debt capital to economy and corporations and giving them massive tax cuts, which in the short term juices the stock market and makes people feel richer. But just as it lead Trump to may bankruptcies, it put America on the same path. That is why Republi'cans' then demand any following Dem gov't be responsibly and fix the debt problem. They want the Republicans to be the party of debt, deficits and over spending (making people feel good with the sugar high), while demanding the Dems be the party of austerity and paying down debt, which always makes people feel poorer.

Business Genius Trump Lost More Money Than Anyone in America Between 1985-1994
The "art of the deal" apparently involves losing hundreds of millions of dollars year after year, according to a new report from the New York Times


PRESIDENT TRUMP BUILT his reputation on his business acumen and negotiating skills. On Tuesday night, the New York Times provided a trove of evidence that he doesn’t have much of either. The news organization obtained the president’s tax information from 1985-1994, and the numbers reveal that the only real skill possessed by the vaunted real estate mogul was hemorrhaging obscene amounts of money. In fact, Trump lost more money than any other American taxpayer over the course of the decade in question: $1.17 billion.

Trump lost so much money between 1985 and 1994 — including over 250 million in both 1990 and 1991 — that he didn’t even have to pay income taxes in eight of the 10 years. Despite the losses, Trump was able to maintain his ultra-luxe lifestyle because most of the money had been borrowed from banks, and because of the $413 million (in today’s dollars, adjusted for inflation) he was able to secure from his father by bobbing and weaving his way around the tax code, as the Times reported last fall.

The president’s losses over the 10-year period were brought on by a series of poor investments — his USFL team, his airline, etc. — and wild spending despite his businesses failing to generate much revenue. ...
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And since those tax returns were acquired Trump's bankruptcy string of his related companies has only continued.
 
ptif219 said:
Stop with the Democrat lies

https://thehill.com/opinion/finance...enefited-middle-working-class-americans-most/


https://finance.yahoo.com/news/trump-tax-cuts-middle-class-150107683.html
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You are a special kind of stupid. You believe whatever Trump or the right says. Anything they say against it is lies. Trump's term resulted in 8 trillion added to the debt. That is 1/4th of all the debt you bleat about. That debt required 45 other presidents. https://www.americanprogress.org/ar...2, 2017, President,said upon signing the bill.
 
ptif219 said:
Because of the pandemic
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NOPE.

The economy entered a recession in February 2020, which was a month before the lockdowns.

Manufacturing had been in a recession since 2019, losing 300,000 jobs in 12 months.

Trump promised growth of at least 3% and he couldn't even beat Obama.
 
ptif219 said:
The economy was great until the Democrats and China gave us the pandemic
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Nope.

The economy entered into a recession in February 2020, after manufacturing had been in a recession for a year.

Even with Trump's Russia Tax Cut, GDP growth NEVER beat Obama's.

You added $8T to the debt to get growth 0.04% lower than Obama's best.

Conservatism always fails. ALWAYS.
 
Into the Night said:
No need to join the Democrats that attacked the Capitol building. I do not need to be in Washington DC in Jan 6 or anywhere else to say there is no democracy and that the United States was never a democracy.
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Excuses and lies.

You didn't go to DC on 1/6 because you don't actually believe any of the shit you say here.

You won't stand behind it, you run away from it.
 
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