Msg. 42531 of 65535 (This msg. is a reply to
42501 by
clo)
Jump:
Every time they’re in power, disaster happens.
Reagan and Bush: first deficit ever, 1987 market crash, and 2000 recession.
Bush: receives a surplus from Clinton, proceeds to turn it into an economic collapse in 2008, and a 1.3 trillion deficits in 2009 and 10, etc.
Trump: coms in with a good economy and a deficit shrunk two thirds down from the 1.3 trillion deficits as a result of Bush’s collapsed economy, and proceeds to make it up there again, for no reason other than stupidity and incompetence. Tne economy comes next.......
The federal deficit is set to rise sharply, topping $1 trillion by 2020, in the first C.B.O. estimate since G.O.P. tax and budget laws were passed
Monday, April 9, 2018 2:08 PM EST
The national debt, which has topped $21 trillion, is expected to soar to more than $33 trillion in 2028.
By then, debt held by the public will almost match the size of the nation’s economy, reaching 96 percent of gross domestic product, a higher level than any point since just after World War II and well past the level that economists say could court a crisis.
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