Just now, swissie said:

And the final result is: 12% of tax revenue goes to finance the national dept. Interest only. Year by year.

 

You said that 12% of the GNP was going to service the debt, then I corrected, and you lost your mind. 

1 minute ago, TedG said:

 

You said that 12% of the GNP was going to service the debt, then I corrected, and you lost your mind. 

"Technicalities". It remains: 12% of tax revenue is needed to pay interest on the national dept. No need to argue with me, better argue with the remaining reliable newsources, WSJ, FT, NYT, etc etc

1 minute ago, swissie said:

"Technicalities". It remains: 12% of tax revenue is needed to pay interest on the national dept. No need to argue with me, better argue with the remaining reliable newsources, WSJ, FT, NYT, etc etc

It's not "Technicalities".   The number you posted about the USA's cost to service the national debt as a percentage of GNP was incorrect.   I corrected your error, but you made a stupid comment instead of admitting your mistake. 

32 minutes ago, TedG said:

It's not "Technicalities".   The number you posted about the USA's cost to service the national debt as a percentage of GNP was incorrect.   I corrected your error, but you made a stupid comment instead of admitting your mistake. 

Ok I get it. All the newssources I quoted are all "mistaken". To "err" as a business concept. Sooner or later you may find yourself somewhat alone, as you are trying to "whitewash" the financial affairs of "the greatest country on earth". Having maintained it's greatness by borrowing money from the rest of the world.

The old "reserve currency" gospel comes to mind. 

 

 

Just now, swissie said:

Ok I get it. All the newssources I quoted are all "mistaken". To "err" as a business concept. Sooner or later you may find yourself somewhat alone, as you are trying to "whitewash" the financial affairs of "the greatest country on earth". Having maintained it's greatness by borrowing money from the rest of the world.

The old "reserve currency" gospel comes to mind. 

 

 

I'm not going to whitewash anything. 

Never forget he added $7.1 trillion during his first Administration, and he's likely to break that record this time around. Trump spends money like a drunken sailor especially when it's not his own money.

 

How much has been spent so far just on his golf outings? $100 million, or more? 

3 hours ago, spidermike007 said:

Never forget he added $7.1 trillion during his first Administration, and he's likely to break that record this time around. Trump spends money like a drunken sailor especially when it's not his own money.

 

How much has been spent so far just on his golf outings? $100 million, or more? 

A significant portion of that was due to the COVID pandemic. Additionally, all spending initiatives began in the House under the Democrats.

3 hours ago, spidermike007 said:

Never forget he added $7.1 trillion during his first Administration, and he's likely to break that record this time around. Trump spends money like a drunken sailor especially when it's not his own money.

 

How much has been spent so far just on his golf outings? $100 million, or more? 

 

President Joe Biden added approximately $8.4 trillion to the national debt during his four-year term, with the debt rising from $27.8 trillion in January 2021 to $36.2 trillion by January 2025.

 

Any comments on his ^^^^

12 minutes ago, Fact said:

 

President Joe Biden added approximately $8.4 trillion to the national debt during his four-year term, with the debt rising from $27.8 trillion in January 2021 to $36.2 trillion by January 2025.

 

Any comments on his ^^^^

 

You answered the question yourself Frank

 

14 minutes ago, Fact said:

A significant portion of that was due to the COVID pandemic. Additionally, all spending initiatives began in the House under the Democrats.

 

 

5 minutes ago, CallumWK said:

 

You answered the question yourself Frank

 

 

 

COVID was slowing down as he came into office. 

 

Over the four years of President Biden’s term – from January 2021 through January 2025 – we estimate that he approved $4.7 trillion in new ten-year debt through legislation and executive actions.

 

https://www.crfb.org/blogs/how-much-did-president-biden-add-debt

 

This was in addition to the existing budget deficit.  

 

Also, Joe Biden's spending after COVID added an estimated 4% to inflation, according to The Economist.

 

https://www.economist.com/leaders/2023/05/11/joe-biden-is-more-responsible-for-high-inflation-than-for-abundant-jobs

 

You can sign up and read the article for free. 

 

 

 

 

 

he's winning so much that the pols just keep plunging, by the end of the year his ratings should be below 40%

 

shows that Trump’s new approval rating stands at 42%, which is a 2% increase from earlier this month.

Since April, the president’s approval rating averaged between 40% and 44% within the poll.

Latest Trump approval rating: A surprising shift amid shutdown backlash

https://www.yahoo.com/news/articles/latest-trump-approval-rating-surprising-185806404.html

 

13 hours ago, spidermike007 said:

Never forget he added $7.1 trillion during his first Administration, and he's likely to break that record this time around. Trump spends money like a drunken sailor especially when it's not his own money.

 

How much has been spent so far just on his golf outings? $100 million, or more? 

Did something unforeseen happen during Trump 1.0 that caused such a debt? Gentle hint - your beloved CNN and other wingnut msm channels ran an actual "death count chyron" to use dishonestly as a tool to blame Trump of millions of counts of "murder"

Oh Mike😅

It's great to see a POTUS that is so laser-like focused on what really matters!😄

What a fracking douche.

 

 

 

 

Keep at it Donald, you're doing great!🤣

 

 

 

 

Another win!

 

 

 

The corruption is limitless. Another criminal pardoned, and this one just happens to have ties to Trump's crypto grift.

 

 

 

 

 

 

17 hours ago, Chomper Higgot said:

To remind you. 
 

Musk didn’t save anything, stole American’s social security data and skulked off.

To be fair   ...he had bladder problems ! 

12 hours ago, Fact said:

COVID was slowing down as he came into office. 

 

Franky, Covid started to spike when Biden entered office, and the largest spendings were when Covid slowed down, to repair the damage done.