MAGA/Greatest Presidency: U.S. Just Borrowed $488 Billion, a Record High for the First Quarter

[exGOPer]

U.S. Treasury Secretary Steven Mnuchin said he’s unconcerned about the bond market’s ability to absorb rising government debt after his department said it borrowed a record amount for the first quarter.

• Treasury sees stage set for growth pickup over near term
• CBO sees U.S. budget deficit rising to $1 trillion by 2020

https://www.bloomberg.com/news/arti...lion-in-borrowing-sets-a-first-quarter-record

 

[Spike Trader]

MAGA : The greatest President postpones Steel and Aluminum Tariffs .


Trump Postpones Steel, Aluminum Tariffs.
The tariffs have increased frictions with U.S. trading partners worldwide and have prompted several challenges before the World Trade Organization.

David Lawder

 

[Frederick Foresight]

The man is a walking disaster. A walking, bottle-blonde, orange disaster.

 

[RedDuke]

Funny how very few on the right see deficits as an issue when it is their guy in white house. Where are all those screams about deficits ruining our future that we heard under Obama???

Obama spent to save country from worst recession in generations, where Trump ballooned it to give a huge tax cut for the extra wealthy and crumbs to the rest.

Insane levels of hypocrisy.

 

[Hotcakes]

Funny how very few on the right see deficits as an issue when it is their guy in white house. Where are all those screams about deficits ruining our future that we heard under Obama???

Obama spent to save country from worst recession in generations, where Trump ballooned it to give a huge tax cut for the extra wealthy and crumbs to the rest.

Insane levels of hypocrisy.

The deficits are catastrophically large. As is the national debt. Trumps trying to grow the tax base with the tax cuts. Tens of thousands of factories have to come back in the next 24-36 months........America doesn't have much time left......

then again, Trump may commercialize some secret military tech to mop up the debt. Unknown. We're definitely flying by the seat of our pants now.

Nothing has changed. America is still bankrupt. That has nothing to do with Trump. 40 years in the making.

 

[Frederick Foresight]

We're definitely flying by the seat of our pants now.

Well, Trump certainly is. That's his M.O.

 

[Hotcakes]

Well, Trump certainly is. That's his M.O.

Americas bankruptcy was inevitable. Trump just forced the issue and gave us a shot. Yes, the path is unknown and potentially dangerous. The alternative was to enjoy a few more years of sleep, then get hit like Greece. Thing is, Trump is now accelerating us much faster towards Greece. Thats why his plan has to work quickly...

 

[Frederick Foresight]

Americas bankruptcy was inevitable. Trump just forced the issue and gave us a shot. Yes, the path is unknown and potentially dangerous. The alternative was to enjoy a few more years of sleep, then get hit like Greece. Thing is, Trump is now accelerating us much faster towards Greece. Thats why his plan has to work quickly...

Unbelievable. Obama's deficit to save the economy was a catastrophe to you, but when the economy is back on track and making some headway, Trump's unnecessary deficits are a salve.

RedDuke got it right. Did you read his post?

Funny how very few on the right see deficits as an issue when it is their guy in white house. Where are all those screams about deficits ruining our future that we heard under Obama???

Obama spent to save country from worst recession in generations, where Trump ballooned it to give a huge tax cut for the extra wealthy and crumbs to the rest.

Insane levels of hypocrisy.

 

[Hotcakes]

That's really backward and wrong. Obama happily endorsed offshoring which is the reason for these structural deficits, spanning decades. And hence why Obama was forced to double the national debt......America needs borrowed money to run at break even. Do you acknowledge that? Obama's legacy was to embrace globalization (offshoring American jobs), not fight it (like Trump). Obama is no hero. He's a piece of shit. So is Bush. All the fcking globalists are.

 

[exGOPer]

Funny how very few on the right see deficits as an issue when it is their guy in white house. Where are all those screams about deficits ruining our future that we heard under Obama???

Obama spent to save country from worst recession in generations, where Trump ballooned it to give a huge tax cut for the extra wealthy and crumbs to the rest.

Insane levels of hypocrisy.