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

  1. #41
    Galactic Ruler Spookycolt's Avatar
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    Quote Originally Posted by Thx1138 View Post
    LOL, while hiring the most corrupt admin ever!

    Subtract that from how much more he has spent, far more tax payer money on vacations than any other President in history.

    But, I'll accept your flimsy example as the proverbial one-legged man in a kick fight.

    Thx
    You asked for an example, I gave you one.

    Want another one?

    Trump’s surprise cost-cutting target: The first lady’s staff

    Donald Trump targets first lady's staff to reduce jobs at the White House | McClatchy Washington Bureau

    Unlike Michelle who needed a whole fleet of people to worship her, Melania doesn't.

  2. #42
    Galactic Ruler Spookycolt's Avatar
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    Want another one?

    Trumps hiring freeze on federal employees.

    I can do this all day.
    Thanks from Southern Dad

  3. #43
    Veteran Member MaryAnne's Avatar
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    Quote Originally Posted by Jets View Post
    The fiscal conservative in me is right there with you.

    Why do I feel like I'm in a frosted mini wheats commercial.
    Because of this,jets?

    The vagaries of the budget.
    https://www.forbes.com/sites/timwors...-trump-though/

  4. #44
    The Covfefe are Coming! BitterPill's Avatar
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    Quote Originally Posted by Spookycolt View Post
    Want another one?

    Trumps hiring freeze on federal employees.

    I can do this all day.
    I just checked, and it's still going up.

  5. #45
    The Covfefe are Coming! BitterPill's Avatar
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    Quote Originally Posted by Spookycolt View Post
    You asked for an example, I gave you one.

    Want another one?

    Trump’s surprise cost-cutting target: The first lady’s staff

    Donald Trump targets first lady's staff to reduce jobs at the White House | McClatchy Washington Bureau

    Unlike Michelle who needed a whole fleet of people to worship her, Melania doesn't.
    Tell us about how much Trump is saving on travel, please.

  6. #46
    Bizarroland Observer Thx1138's Avatar
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    Quote Originally Posted by Spookycolt View Post
    You asked for an example, I gave you one.

    Want another one?

    Trump’s surprise cost-cutting target: The first lady’s staff

    Donald Trump targets first lady's staff to reduce jobs at the White House | McClatchy Washington Bureau

    Unlike Michelle who needed a whole fleet of people to worship her, Melania doesn't.
    No, she only lived in Trump Tower for months costing how many millions needlessly... because he's probably impossible to live with?

    If Trump is anything he's a cheat, look at how he cheated New York out of $4 million a year...

    "The deception worked for Trump, but it may have cost New York City millions of dollars. The city had to forgo $4 million a year over the course of Trump’s 40-year tax break. Trump insisted no other investor would be interested in the property, yet at one point at least one other developer was willing to take on the Commodore while demanding less from the city. Penn Central couldn’t entertain other proposals because Trump was holding the option, even though “Trump still hadn’t paid the option and no papers had been signed,” D’Antonio reported. But investigative reporter Wayne Barrett reported in his book Trump: The Greatest Show on Earth that according to Michael Bailkin, a City Hall official at the time, “no other party had been given an opportunity to submit a bid on the project.”

    The Trump Files: How Donald Tricked New York Into Giving Him His First Huge Deal ? Mother Jones

    That was Trump's first big "deal."

    Do you expect a slimy real estate developer to suddenly become legit?

    The only thing America has going for it now is the fact he is such an incompetent boob, he doesn't know how to operate legitimately in any theatre and probably is on his way out sooner rather than later.

    And I am going to the store, 78 degrees out there with a little sun between the clouds, BBL.

    Thx

  7. #47
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    The OP confuses me for one really important reason--we need to raise the debt ceiling again by September 28 or something like that. If we don't, we'll have to start not paying some of our budgetary obligations. If the debt is SHRINKING why do we need to raise the LIMIT?
    Thanks from NightSwimmer and BitterPill

  8. #48
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    Quote Originally Posted by Puzzling Evidence View Post
    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.
    If that's really true, it's remarkable. To almost painlessly retire the entire US debt in 25 years (which that percentage decrease would suggest is how long it would take), that's amazing. It took us over a hundred years to run it up.

    But....Why do we need to raise the debt ceiling?'

  9. #49
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    Funny. When I searched "National Debt reduced" at the NYT, the first hit was a story headlined: National Debt Was Reduced $192,932,075 Last Month.

    Unfortunately, the story is from 1921.
    Thanks from BitterPill

  10. #50
    Thought Provocateur NightSwimmer's Avatar
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    Quote Originally Posted by Rasselas View Post
    If that's really true, it's remarkable. To almost painlessly retire the entire US debt in 25 years (which that percentage decrease would suggest is how long it would take), that's amazing. It took us over a hundred years to run it up.

    But....Why do we need to raise the debt ceiling?'
    $102 Billion sounds like a lot of money, but it merely represents noise in the running tally of a $20 Trillion debt.

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