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24
Trump is not an Idiot
The national debt has risen by almost $7.8 trillion during Trump’s time in office. That’s nearly twice as much as what Americans owe on student loans, car loans, credit cards and every other type of debt other than mortgages, combined, according to data from the Federal Reserve Bank of New York. It amounts to about $23,500 in new federal debt for every person in the country. The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by a leading Washington budget maven, Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center. And unlike George W. Bush and Abraham Lincoln, who oversaw the larger relative increases in deficits, Trump did not launch two foreign conflicts or have to pay for a civil war. -
24
Trump is not an Idiot
This is what happens when you let hill billies and sociopaths run the WH. Many countries have debt greater than GDP. Look at Japan. The USA has managed its debt and it was not broken due to a few key factors working in its favor: 1. Global reserve currency: The US dollar is widely held as a reserve currency by central banks and governments around the world. This creates a steady demand for US dollars and Treasury bonds, helping to keep borrowing costs relatively low. 2. Low interest rates: For a long time, interest rates have been low, making it cheaper for the US government to borrow money. Although rates have risen recently, they're still relatively low compared to historical standards. 3. Diversified economy: The US has a large, diversified economy with a strong services sector, innovative industries, and a highly developed financial system. Like @Digitalbanana said, if it ain't broke don't fix it. -
20
Whats the Plan?
Yeah did ya see 88s diatribe? No plan, just that insane inner screaming of Trump hate, probably AId off Stormfront. -
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Phuket Locals Call for Police Action After Tourists' Brawl on Bangla Road - video
Tell this to TAT and the Government.. They will be happy with posts like this.. and it seems that you don't understand how important tourism is Thailand... -
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20
Whats the Plan?
Defense? That's the ticket! Raise the 'defense' budget to $1 Trillion. Oh, and start a war with Iran and begin bombing Mexico. The winning never ends.
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