Obama put 1.4 TRILLION on the debt, in 2016.

[achilles28]

That's right. I suggest everyone pack their bags now.

Seems Americans love Hillary and the Status Quo.

Get out while you still can. The fools and traitors are squarely in control.

 

[fhl]

Debt went up by 1.4 trillion while budget deficit was about 600 billion.

Reconciliation: The difference of 800 billion can be in a couple of different things.
1. addition to cash on hand. that may be part of it.
2. gov't financing of various things. when the gov't lends the money to the private sector, it's not counted as spending, and so it doesn't effect the budget.
3. there may be other things, but i'm just not aware of them.

This difference of 800 billion appears to be much bigger than it's been in previous years.
It could be that this is all a planned way to make the budget deficit look like it's coming down and smaller while at the same time handing out money to cronies in the form of loans. Loans, of which the proceeds don't seem to get paid back. (solyndra) This is maybe the direction they plan to go to put one over on the taxpayer.

 

[achilles28]

Debt went up by 1.4 trillion while budget deficit was about 600 billion.

Reconciliation: The difference of 800 billion can be in a couple of different things.
1. addition to cash on hand. that may be part of it.
2. gov't financing of various things. when the gov't lends the money to the private sector, it's not counted as spending, and so it doesn't effect the budget.
3. there may be other things, but i'm just not aware of them.

This difference of 800 billion appears to be much bigger than it's been in previous years.
It could be that this is all a planned way to make the budget deficit look like it's coming down and smaller while at the same time handing out money to cronies in the form of loans. Loans, of which the proceeds don't seem to get paid back. (solyndra) This is maybe the direction they plan to go to put one over on the taxpayer.

I'm very interested in the details myself. IIRC, projected deficits were estimated to stay below 700 Billion...

 

[smallStops]

It looks like the Banks bailouts is starting to show up in the US government records.
Banks did indeed received more than 1/2 trillion "corporate welfare".

 

[bullmarket79]

Republicans drove debts up like normal by making tax cuts permanent thereby putting the Republic at risk and future revenues in doubt. Fiscal hawks vote democrat of course since demoncrats actually tax and spend, not just spend.

 

[gwb-trading]

Republicans drove debts up like normal by making tax cuts permanent thereby putting the Republic at risk and future revenues in doubt. Fiscal hawks vote democrat of course since demoncrats actually tax and spend, not just spend.

Actually there is very little evidence to support your assertion. Both parties in Washington spend - just on different priorities. Both parties in Washington tax - just at different targets. The large majority of the tax breaks placed in the U.S. tax code have been driven by Democrats not Republicans. There are nearly no fiscal hawks who vote Democratic. In D.C. fiscal hawks are a lost lonely voice in the wilderness consisting of a small group of conservatives.

 

[bullmarket79]

Hi GWB just saying I would prefer Trump not cut taxes $4 trillion and instead pay down the freaking debt, usually I have coke or pepsi to vote for but this time I have generics that have been sitting on the shelf to long gathering dust. I will hold my nose and vote Trump.

 

[gwb-trading]

Hi GWB just saying I would prefer Trump not cut taxes $4 trillion and instead pay down the freaking debt, usually I have coke or pepsi to vote for but this time I have generics that have been sitting on the shelf to long gathering dust. I will hold my nose and vote Trump.

I agree with you about paying down debt.

 

[achilles28]

He plans to pay down the debt.

With all the extra revenue from onshoring:

Infrastructure spending
Military
Pay down the national debt.


He's said that many many times