Results 1 to 4 of 4
Like Tree2Likes
  • 2 Post By MW

Thread: Under Trump's watch, national debt tops $21 trillion for first time ever

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

  1. #1
    Senior Member stoptheinvaders's Avatar
    Join Date
    Jun 2018
    Posts
    3,374

    Under Trump's watch, national debt tops $21 trillion for first time ever

    Under Trump's watch, national debt tops $21 trillion for first time ever



    About a year ago, President Trump pledged to eliminate the national debt "over a period of eight years." But for the first time in history, the national debt surpassed $21 trillion this week, according to the U.S. Treasury.


    The landmark comes shortly after Congress passed, and Mr. Trump signed, a suspension on the federal debt limit last month, allowing the government to borrow an unlimited amount of money until March 1, 2019.


    When Mr. Trump took office on Jan. 20, 2017, the national debt was $19.9 trillion, according to U.S. Treasury data. Since then, the GOP-led Congress has passed a $1.5 trillion tax cut bill and a two-year spending deal which, together, are expected to drive the deficit and debt further upward. The Committee for a Responsible Federal Budget estimates annual deficits could top $2.1 trillion per year in the next decade, which would send the national debt soaring even higher.




    Republicans railed against the national debt level under the Obama administration, when it jumped from $10.6 trillion to $19.9 trillion, nearly doubling, but few have been as outspoken about the situation with Republicans controlling Capitol Hill and the White House. Sen. Rand Paul, R-Kentucky, held up the spending bill last month on the Senate floor, blistering Republicans for doing exactly what they had criticized the Obama administration for doing.


    "I ran for office because I was critical of President Obama's trillion-dollar deficits," Paul said at the time. "Now we have Republicans hand-in-hand with Democrats offering us trillion-dollar deficits."


    Sen. Bob Corker, R-Tennessee, called the national debt the "greatest threat to our nation" when it exceeded $20 trillion for the first time in September.
    Twitter Ads info and privacy








    But the ever-increasing national debt isn't a frequent topic for Mr. Trump, and when it does come up, he doesn't seem too concerned. He's said he's open to eliminating the debt ceiling entirely.

    https://www.cbsnews.com/news/under-d...rst-time-ever/


    You've got to Stand for Something or You'll Fall for Anything

  2. #2
    MW
    MW is online now
    Senior Member MW's Avatar
    Join Date
    Jun 2006
    Location
    North Carolina
    Posts
    25,708
    Not good!
    stoptheinvaders and jtdc like this.

    "The only thing necessary for the triumph of evil is for good men to do nothing" ** Edmund Burke**

    Support our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts athttps://eepurl.com/cktGTn

  3. #3
    Senior Member JohnDoe2's Avatar
    Join Date
    Aug 2008
    Location
    PARADISE (San Diego)
    Posts
    99,040
    NO AMNESTY

    Don't reward the criminal actions of millions of illegal aliens by giving them citizenship.


    Sign in and post comments here.

    Please support our fight against illegal immigration by joining ALIPAC's email alerts here https://eepurl.com/cktGTn

  4. #4
    Senior Member JohnDoe2's Avatar
    Join Date
    Aug 2008
    Location
    PARADISE (San Diego)
    Posts
    99,040
    NO AMNESTY

    Don't reward the criminal actions of millions of illegal aliens by giving them citizenship.


    Sign in and post comments here.

    Please support our fight against illegal immigration by joining ALIPAC's email alerts here https://eepurl.com/cktGTn

Similar Threads

  1. US national debt tops $20T for first time in history
    By JohnDoe2 in forum General Discussion
    Replies: 4
    Last Post: 09-12-2017, 04:46 PM
  2. Trump tops Clinton in national poll for first time since May
    By lorrie in forum General Discussion
    Replies: 3
    Last Post: 07-26-2016, 11:11 PM
  3. US debt tops $16 trillion: So who do we owe most of that money to?
    By JohnDoe2 in forum Other Topics News and Issues
    Replies: 1
    Last Post: 09-05-2012, 12:28 PM
  4. URGENT: U.S. National Debt Tops Debt Limit
    By 93camaro in forum Other Topics News and Issues
    Replies: 2
    Last Post: 12-16-2009, 06:47 PM
  5. As US debt tops $12 trillion, Obama calls for austerity
    By carolinamtnwoman in forum Other Topics News and Issues
    Replies: 3
    Last Post: 11-21-2009, 04:59 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •