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Thread: Trump's birthday gift to America - A booming economy

  1. #21
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    Quote Originally Posted by HayJenn View Post
    Government debt is on track to hit historically high levels and at its current growth rate will be nearly equal in size to the U.S. economy by 2028, the Congressional Budget Office said Tuesday.

    By the end of this year, the ratio of federal debt to the United States' gross domestic product will reach 78 percent, according to the CBO, the highest ratio since 1950.

    The debt is projected to grow to 96 percent of GDP by 2028 before eventually surpassing the historical high of 106 percent it reached in 1946.

    The CBO projects the Republican tax law passed last fall will add $1.84 trillion to the federal deficit over the next 10 years. Republican leaders have argued the cuts will jump-start the economy, creating enough economic growth to offset much of the additions to the debt. But CBO and other nonpartisan analysts have repeatedly rejected that claim.

    https://www.washingtonpost.com/news/...=.c0dfa7bbf303
    Did you forget that Obama added over $9 trillion to the national debt? He added 38% of GDP to the national debt.

  2. #22
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    Quote Originally Posted by Chief View Post
    A "booming" economy charged on a credit card is more of a busting economy.

    Let's revisit this once Trump eliminates our debt in 8 years, as he said he would.
    Obama added over $9 trillion to that credit card, and received over $5 trillion in monetary stimulus on top of that, yet there was less than $3 trillion in economic growth in his 8 years.

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    Quote Originally Posted by DebateDrone View Post
    Forecast is the KEY word.

    Why not wait until the numbers are official and revised.

    My Thread on GDP is incorrect as the the number was revised down twice.
    I won't argue with that but it is higher than Obama's average economic growth and higher than Obama's last year economic growth, so why are complaining about increasing prosperity?

  4. #24
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    Quote Originally Posted by Arkady View Post
    When a conservative is speaking, I mentally translate the word "lies" to "facts that make me feel bad about myself." I find that transforms what they're saying into a more honest rendition of what's happening.
    We have the best economy that we have had in over a decade. After Donald J Trump was elected President of the United States, we saw an inflection point in economic indicators, everything took off. That is the only version of the truth.

  5. #25
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    Quote Originally Posted by Libertine View Post
    Obama added over $9 trillion to that credit card, and received over $5 trillion in monetary stimulus on top of that, yet there was less than $3 trillion in economic growth in his 8 years.
    1) Obama used that spending to get out of the recession that GWB put us in.
    2) Even though it was necessary, there is no reason to keep spending like crazy.

    With the economy improved, the government needs to rein that in so that businesses can go back to normal, and hopefully the government can get to work on its own budgetary problems. Trump is ignoring this, and making things worse. To call this a booming economy is absolute nonsense. This is driving off a cliff.

    Also, if you think Obama is bad, then stop using that as a bar to measure Trump by... Whether you mean to or not, you're just making Trump (and his supporters) look even worse. Look at this thread... It claims that the economy is booming. We point out that it's not. Then you start with the "but Obama...." Obama has nothing to do with it, if the thread is claiming the economy is Booming due to Trump. So, if you want to fight for the OP, let's hear why Trump is doing great, creating a booming economy, and the debt is okay because...……….

    Your turn.
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    Quote Originally Posted by Chief View Post
    1) Obama used that spending to get out of the recession that GWB put us in.
    2) Even though it was necessary, there is no reason to keep spending like crazy.

    With the economy improved, the government needs to rein that in so that businesses can go back to normal, and hopefully the government can get to work on its own budgetary problems. Trump is ignoring this, and making things worse. To call this a booming economy is absolute nonsense. This is driving off a cliff.

    Also, if you think Obama is bad, then stop using that as a bar to measure Trump by... Whether you mean to or not, you're just making Trump (and his supporters) look even worse. Look at this thread... It claims that the economy is booming. We point out that it's not. Then you start with the "but Obama...." Obama has nothing to do with it, if the thread is claiming the economy is Booming due to Trump. So, if you want to fight for the OP, let's hear why Trump is doing great, creating a booming economy, and the debt is okay because...……….

    Your turn.
    The recession ended on its own in June 2009, before Obama's stimulus did anything.

    In Obama's last year $1.4 trillion was added to the debt, yet we only had 1.5% growth.

    How can you defend that?

  7. #27
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    Quote Originally Posted by Libertine View Post
    The recession ended on its own in June 2009, before Obama's stimulus did anything.

    In Obama's last year $1.4 trillion was added to the debt, yet we only had 1.5% growth.

    How can you defend that?
    I'm not defending anything. I'm disagreeing that the economy is booming. What do you say about that?

  8. #28
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    Quote Originally Posted by Chief View Post
    I'm not defending anything. I'm disagreeing that the economy is booming. What do you say about that?
    Every economic indicator is higher is better than it has been in over a decade, if not booming, better that in ten years?

  9. #29
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    Quote Originally Posted by Libertine View Post
    The recession ended on its own in June 2009, before Obama's stimulus did anything.

    In Obama's last year $1.4 trillion was added to the debt, yet we only had 1.5% growth.

    How can you defend that?
    WARNING! BULLSHIT ALERT! BULLSHIT ALERT! WARNING!

    The very MOMENT that ARRA passed Congress, roughly a MILLION people in this country heaved a huge sigh of relief, knowing that they would NOT lose their job in the next month or two. You CONTINUE to simply IGNORE that fact. WHY???
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  10. #30
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    Quote Originally Posted by Libertine View Post
    Every economic indicator is higher is better than it has been in over a decade, if not booming, better that in ten years?
    Like debt?

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