Trump to bow out?

GURPS

GURPS

INGSOC
PREMO Member

The left’s $7 trillion lie: Biden far outpaces Trump in racking up the national debt​



Debate moderator Jake Tapper joined the chorus of federal finance falsehoods when he claimed Trump had “approved $8.4 trillion in new debt,” while Biden’s actions will increase the debt by (merely) $4.3 trillion over a decade.

Tapper was referencing a recent report by the left-leaning Committee for a Responsible Federal Budget, which twisted and turned the debt statistics in every contortionary way it could to reach its incredible conclusion.

CRFB, by the way, is a group that opposed the successful Trump tax reform in 2017 — yet supported several of Biden’s multitrillion-dollar spending bills.

It’s not nonpartisan, but a front group for the policies of the political left.

The fundamental flaw of the CRFB analysis is revealed if we examine the projections of the Congressional Budget Office.

The CBO’s projection for 2021, the last fiscal year of the Trump administration, forecast the federal debt to reach about $35.3 trillion by 2031, that is, over the next decade.

Today, 3½ years into the Biden administration, the latest estimates from the CBO project the debt will hit over $42.5 trillion by 2031.

January 2021 and June 2024 CBO forecast graph



The Congressional Budge Office forecasts an increase in debt.

In other words, the CBO now expects the debt to be $7.2 trillion higher than it had projected when Trump left office — all because of Biden’s reckless spending policies.

Treasury Department figures also show the debt growing much faster under Biden.

Over Trump’s entire term, including the 2020 spate of emergency COVID spending, the debt increased by $7.7 trillion — a staggering total, to be sure.

However, about 15% of that debt total was the result of Treasury’s choice to keep additional cash on hand during the pandemic.
 
Gilligan

Gilligan

#*! boat!
PREMO Member
Toxick said:
Perhaps I wasn't clear.


Saving people means saving them from themselves.
The way you save a tree by pruning branches.
Or by cutting cancer from an otherwise healthy body.
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Perhaps I wasn't clear. I think a major purge is way overdue. ;-)

I hired this guy..funny name..Pol Pot...whatever...in any event, he's got some great idears on how we move forward.
 
SamSpade

SamSpade

Well-Known Member
PREMO Member
SamSpade said:
So I’ve done a little more reading and yep, I was right. The Republicans who were asked also were concerned about threats to democracy. Mostly - cheating in elections. So, no surprise - it’s not a strictly anti Trump issue.
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Read ANOTHER article on this, this morning. Yep.


There's others. Just - don't believe that if voters are all worried about "democracy" that they're suddenly afraid of the Big Bad Orange Man.
That's not what they mean.
 
CPUSA

CPUSA

Well-Known Member
vraiblonde said:
They going to have to come up with a new fake disease to keep people away from the polls and declare full martial law.

Something dramatic will happen between now and election day, watch and see. Then we as citizens will have some decisions to make.
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That decision has already been made...
 
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