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Thread: National Debt Fallen by $102 Billion Since Donald Trump's Inauguration.

  1. #21
    The Covfefe are Coming! BitterPill's Avatar
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    Hate to bust the Trumpfest up, but it looks like the national debt is still increasing:

    U.S. National Debt Clock 2018 Budgets Compared
    Thanks from PACE, NeoVsMatrix and Thx1138

  2. #22
    Bizarroland Observer Thx1138's Avatar
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    Hmm, somehow this part of the title got left out of the OP...

    "but offers no evidence that the President is responsible for it."

    And the article states that who gets credit is not within their scope, but here is an article that does concern who gets credit:

    Trump Wants Credit for Cutting the National Debt. Economists Say Not So Fast

    "President Donald Trump asked on Twitter why the media hasn’t reported that the national debt has dropped since his inauguration. One explanation, some economists said: Trump couldn’t have had anything to do with it."

    “Anything that has happened to the debt has been on autopilot since Obama left," said Laurence Kotlikoff, an economics professor at Boston University. “If anything, he is taking credit for something Obama did."

    https://www.bloomberg.com/news/artic...rmal-cash-flow

    Once again, taking credit for good things he did not do, and avoiding responsibility for bad things he did do...

    More wishful thinking on his supporter's part, wait until he actually does some big things in the economy like cut taxes once again for the wealthy while we all wait for the "trickle-down"...

    Thx
    Thanks from PACE

  3. #23
    Galactic Ruler Spookycolt's Avatar
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    Quote Originally Posted by BitterPill View Post
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    Hate to bust the Trumpfest up, but it looks like the national debt is still increasing:

    U.S. National Debt Clock 2018 Budgets Compared
    Lol, it means that the clock is moving slower than it was under Obama.

    Nobody said it was going down, its just not going up as fast.

    Yet.

  4. #24
    Galactic Ruler Spookycolt's Avatar
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    Quote Originally Posted by Thx1138 View Post
    Hmm, somehow this part of the title got left out of the OP...

    "but offers no evidence that the President is responsible for it."

    And the article states that who gets credit is not within their scope, but here is an article that does concern who gets credit:

    Trump Wants Credit for Cutting the National Debt. Economists Say Not So Fast

    "President Donald Trump asked on Twitter why the media hasn’t reported that the national debt has dropped since his inauguration. One explanation, some economists said: Trump couldn’t have had anything to do with it."

    “Anything that has happened to the debt has been on autopilot since Obama left," said Laurence Kotlikoff, an economics professor at Boston University. “If anything, he is taking credit for something Obama did."

    https://www.bloomberg.com/news/artic...rmal-cash-flow

    Once again, taking credit for good things he did not do, and avoiding responsibility for bad things he did do...

    More wishful thinking on his supporter's part, wait until he actually does some big things in the economy like cut taxes once again for the wealthy and wait for the "trickle-down"...

    Thx
    So doesn't that apply to Bush also?

    Obama took credit for that and the left gave it to him.

    Bush did the bailouts, TARP, all of that.

    Yet Obama gets credit for it?

  5. #25
    Bizarroland Observer Thx1138's Avatar
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    Quote Originally Posted by Spookycolt View Post
    Lol, it means that the clock is moving slower than it was under Obama.

    Nobody said it was going down, its just not going up as fast.

    Yet.
    Which of course you never gave Obama credit for.

    Thx
    Thanks from Dragonfly5

  6. #26
    Galactic Ruler Spookycolt's Avatar
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    Quote Originally Posted by Thx1138 View Post
    Which of course you never gave Obama credit for.

    Thx
    Because it didn't happen as far as I know.

    If it did then I will give him credit.

    I don't have the hate for Obama that you do for Trump.
    Thanks from Puzzling Evidence

  7. #27
    Thought Provocateur NightSwimmer's Avatar
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    Would one of you really smart people do the arithmetic and tell me what percentage of reduction in the national debt this represents?

  8. #28
    spɹɐʍʞɔɐq ʞɹɐp ǝɥʇ Puzzling Evidence's Avatar
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    Quote Originally Posted by Thx1138 View Post
    Hmm, somehow this part of the title got left out of the OP...

    "but offers no evidence that the President is responsible for it."

    And the article states that who gets credit is not within their scope, but here is an article that does concern who gets credit:

    Trump Wants Credit for Cutting the National Debt. Economists Say Not So Fast

    "President Donald Trump asked on Twitter why the media hasn’t reported that the national debt has dropped since his inauguration. One explanation, some economists said: Trump couldn’t have had anything to do with it."

    “Anything that has happened to the debt has been on autopilot since Obama left," said Laurence Kotlikoff, an economics professor at Boston University. “If anything, he is taking credit for something Obama did."

    https://www.bloomberg.com/news/artic...rmal-cash-flow

    Once again, taking credit for good things he did not do, and avoiding responsibility for bad things he did do...

    More wishful thinking on his supporter's part, wait until he actually does some big things in the economy like cut taxes once again for the wealthy while we all wait for the "trickle-down"...

    Thx
    Yes, I understand this, I left quite a bit out in the interest of brevity.

    Can we "prove" that Bill Clinton was responsible for the glory days of the 90's? Who knows.

  9. #29
    Bizarroland Observer Thx1138's Avatar
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    Quote Originally Posted by Spookycolt View Post
    So doesn't that apply to Bush also?

    Obama took credit for that and the left gave it to him.

    Bush did the bailouts, TARP, all of that.

    Yet Obama gets credit for it?
    LOL, it sure as hell does, let's start with what, 700,000 a month newly unemployed, a huge bailout or bust, and two quagmire wars and an unstable middle east that is still giving everyone hell...

    And in spite of GOP obstructionism Obama was able to get the rate down, the decrease Trump is trying to take credit for but of course hasn't any legitimate reason to account for it.

    When you GOP fuck up, you fuck up but good!

    So spare us the false equivalency and revised history and other disingenuous and juvenile "stunts" in your little bag of tricks...

    Thx

  10. #30
    spɹɐʍʞɔɐq ʞɹɐp ǝɥʇ Puzzling Evidence's Avatar
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    Quote Originally Posted by NightSwimmer View Post
    Would one of you really smart people do the arithmetic and tell me what percentage of reduction in the national debt this represents?
    The national debt on 20 January was $19.947 trillion, GDP was an estimated $18.935 trillion
    The estimated debt-to-GDP ratio on 20 January was 105.35%
    The national debt on 27 July was $19.845 trillion, GDP was an estimated $19.272 trillion
    The estimated debt-to-GDP ratio on 27 July was 102.97%
    The debt-to-GDP ratio can therefore be estimated to have fallen by 2.25% (2.37 percentage points) in the 131-day period between the inauguration of Donald Trump and 27 July 2017.

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