Trump Cabinet Hearings

[pinstripers]

Q: What’s the difference between a Democrat and a hooker?
A: A hooker stops screwing you when you run out of money.

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Q: What’s the difference between a Democrat and a hooker?
A: A hooker stops screwing you when you run out of money.

https://www.investopedia.com/democra...l-debt-8738104 Key Takeaways

• The national debt passed the $36 trillion threshold in November for the first time ever, as the combined debt held by the U.S. public and the federal government grows.
• Republican presidents have added slightly more to the national debt per term than Democratic presidents, according to inflation-adjusted data from the U.S. Treasury Department and the Bureau of Labor Statistics dating back to 1913.
• Looking at U.S. presidents since 1913, Republican presidents added about $1.4 trillion per four-year term, compared to $1.2 trillion added by Democrats.

The national debt passed the $36 trillion threshold in November for the first time ever, as the combined debt held by the U.S. public and the federal government grows.

At that sum, the U.S. national debt is approximately equal to the value of the economies of China, Germany, Japan, India, and the U.K. combined, the Peter G. Peterson Foundation found.1

[WuDrWu]

#Misinformation #Disinformation


And you know it.

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#Misinformation #Disinformation


And you know it.

I think SB Shock might want to weigh in on this.

[shocktown]

Cumulative Debt

End of Clinton 5.7 T
Bush +4.3 T
Obama +9.6 T
Trump +7.4 T
Biden +9.4 T
TOTAL 36.4 Trillion

(numbers are rounded)

[ShockerPrez]

So, hookers do still screw you when you are out of money because GOP presidents have added more national debt?

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I don't think anybody considers Investopedia a liberally biased publication.

Here are the sources for the article:

Data is inflation-adjusted via CPI-U. Debt for each administration was assigned for fiscal years that occurred entirely or mostly in each administration. Totals reflect values through the end of the federal fiscal year ended 09/30/24.
Source: U.S. Treasury Department Bureau of the Fiscal Service & U.S. Labor Department Bureau of Labor Statistics

1. Peter G. Peterson Foundation. "The National Debt Is Now More Than $35 Trillion. What Does That Mean?"
2. Committee for a Responsible Federal Budget. "What’s in the $2 Trillion Coronavirus Relief Package?"
3. The White House. “American Rescue Plan.”
4. Brown University. "Costs of the 20-Year War on Terror: $8 Trillion and 900,000 Deaths."
5. Peter G. Peterson Foundation. "New Battleground Poll: National Debt A Critical Issue For Swing State Voters."
6. Committee for a Responsible Federal Budget. "CBO Outlines Negative Implications of High & Rising National Debt."
7. Committee for a Responsible Federal Budget. "The Fiscal Impact of the Harris and Trump Campaign Plans."

A word on Peter G Peterson:

According to Bloomberg, Peterson called himself a Rockefeller Republican, “conservative on fiscal matters and moderate to liberal on social issues.” ⁸

Peterson’s primary concerns were increases in the national debt fueled by rising costs of Social Security and Medicare. In a 1984 interview in the Harvard Business Review, Peterson said, “we need to bring down the federal deficit” and “the added costs of our aging society and the entitlement programs that go to the aged are staggering…our aging society is a fiscal and economic time bomb. The tax revenues necessary to pay for these entitlement programs for the elderly and our deficit largesse will be economically, politically, and I think morally unsustainable.” ⁹

Committee for a Responsible Federal Budget (CRFB)

dataurl827059.png
Media Bias/Fact Check
https://mediabiasfactcheck.com › ... › Political Advocacy
RIGHT-CENTER BIAS. These media sources are slight to moderately conservative in bias. They often publish factual information that utilizes loaded words (wording ..

Unplug from Faux Reality News, "Conservative Talk Radio", Trump (FFS), and other contributories to the War On Information. The truth is out there if you'll seek it... and the truth shall set you free!

[Kung Wu]

https://www.investopedia.com/democrats-vs-republicans-who-had-more-national-debt-8738104

Attempts to compare debt like this are useless. It treats all debt created by each President as equal.

Two presidents alone -- FDR and LBJ -- have created more debt burdens than all other Presidents since 1913 COMBINED. They literally created the worst nightmare possible: A recurring debt burden with exponential growth.

Example ... in 2023 total spending was $6.2T ... but ...

Social Security was $1.4 trillion (22% of spending)
Medicare/Medicaid was $1.9 trillion (30% of spending)

... so over 50% of Biden's spending can be directly attributed to FDR and LBJ by themselves for 2023 alone.

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Attempts to compare debt like this are useless. It treats all debt created by each President as equal.

Two presidents alone -- FDR and LBJ -- have created more debt burdens than all other Presidents since 1913 COMBINED. They literally created the worst nightmare possible: A recurring debt burden with exponential growth.

Example ... in 2023 total spending was $6.2T ... but ...

Social Security was $1.4 trillion (22% of spending)
Medicare/Medicaid was $1.9 trillion (30% of spending)

... so over 50% of Biden's spending can be directly attributed to FDR and LBJ by themselves for 2023 alone.

W's, or Bum's or Cheeto's SS/Medicare is not FDR and LBJ's SS/Medicare.

The growth in debt hasn't exactly been linear.

Unbalancing the budget started in the 80's with Reagan and hasn't stopped or barely even slowed down much except for Clinton and Biden's recent term.

Debt accumulated under Trump at nearly 3x the rate of his predecessors.

America needs to either reverse course on spending or increase taxes. Simple.

Republicans = lower taxes (proportionately higher on the affluent/corps), then SPEND!
Democrats = raise taxes on the corps and affluent, then SPEND!

Which one sounds more sustainable?

The truth shall set you free!

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Attempts to compare debt like this are useless. It treats all debt created by each President as equal.

Two presidents alone -- FDR and LBJ -- have created more debt burdens than all other Presidents since 1913 COMBINED. They literally created the worst nightmare possible: A recurring debt burden with exponential growth.

Example ... in 2023 total spending was $6.2T ... but ...

Social Security was $1.4 trillion (22% of spending)
Medicare/Medicaid was $1.9 trillion (30% of spending)

... so over 50% of Biden's spending can be directly attributed to FDR and LBJ by themselves for 2023 alone.

Also, creating medicare/SS was the right thing to do. The conditions our seniors existed in were absolutely horrendous prior. Now corporate America has mostly killed the pension so they are even more vulnerable.

[Shockm]

Attempts to compare debt like this are useless. It treats all debt created by each President as equal.

Two presidents alone -- FDR and LBJ -- have created more debt burdens than all other Presidents since 1913 COMBINED. They literally created the worst nightmare possible: A recurring debt burden with exponential growth.

Example ... in 2023 total spending was $6.2T ... but ...

Social Security was $1.4 trillion (22% of spending)
Medicare/Medicaid was $1.9 trillion (30% of spending)

... so over 50% of Biden's spending can be directly attributed to FDR and LBJ by themselves for 2023 alone.

The “Great Society” by LBJ during a time of extreme high economic prosperity in America, was supposed to end poverty in America. Instead it produced free housing, in high rises that people didn’t own, so who cared if they were taken care of. Today, these housing projects are violent war zones, and drug infested dens of gang warfare. Here are the negatives to the 1964 “Great Society”.

https://reason.com/2020/03/15/the-not-so-great-society-2/

[pinstripers]

"I'll have them ni**gers votin Democrat for the next 200 years!"--------------------LBJ

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I'm an Econ guy. I definitely understand the folly of giving free **** to people and the waste/disincentive to work that can ensue.

To give you an idea of how I feel about safety nets: I would absolutely require implantable birth control and demonstrable actions for economic self-improvement from people who are currently receiving welfare.

[Kung Wu]

Also, creating medicare/SS was the right thing to do. The conditions our seniors existed in were absolutely horrendous prior. Now corporate America has mostly killed the pension so they are even more vulnerable.

Two presidents alone -- FDR and LBJ ... literally created ... recurring debt burdens with exponential growth.

True or false?

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Two presidents alone -- FDR and LBJ ... literally created ... recurring debt burdens with exponential growth.

True or false?

Partially true? There are plenty of sites detailing the timeline of SS as well as Medicare. Many presidents from both parties had a hand in the growth of the massive entitlements that I think most would agree were necessary. W made a big contribution to the cost w/ the prescription drug plan.

But your current statement doesn't bolster the weakness in the premise of your initial argument.

The rate of growth of the national debt slowed with Clinton, after HW, and then Biden, after Trump.

Obviously Trump had the beginning of the pandemic, and HW had the gulf war. But Bum literally nationalized healthcare and inherited the Great Recession.

It's common knowledge that modern Republicans (and Trumpers) are RHINO's and will spend w/ the best of 'em. The Dems at least raise taxes to cover their expenditures.