Americans will finish the Biden years with record debt

3,411 Views | 60 Replies | Last: 4 days ago by Limited IQ Redneck in PU
TinFoilHatPreacherBear
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Americans will be finishing up the Biden years by setting a new record... we are in debt more than ever before. Congratulations to progressivism, the Biden/Harris administration, and their supporters.

Lets be real, it's not going to get better instantly. But hopefully these next Trump year or two will help reverse the course by providing opportunities, reducing inflation, and growing the economy. Would be great to see savings climb again for the average American. Economy is in a tight spot, could go either way.
Fre3dombear
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TinFoilHatPreacherBear said:

Americans will be finishing up the Biden years by setting a new record... we are in debt more than ever before. Congratulations to progressivism, the Biden/Harris administration, and their supporters.

Lets be real, it's not going to get better instantly. But hopefully these next Trump year or two will help reverse the course by providing opportunities, reducing inflation, and growing the economy. Would be great to see savings climb again for the average American. Economy is in a tight spot, could go either way.


If one hasn't realized the Obama inventors goal is to destroy the dollar, apologize for Americans evil sins, bring her to her knees and bilk her of all she's worth out the back door until she is financially full subjugated to the world order and CBDC

Get one's affairs in order. The gravy train that's ended for most already won't be comin back and now you're saddled with massive home and credit card and student loan debt and not enough salary increase to keep up with the people you voted for's inflation.

Most have nothing g to show for the massive inflation of the last 4 years.

KaiBear
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Trump isn't able to stop deficit spending and survive politically.

Other priorities require too much cash.

Johnny Bear
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Counting the weeks down until the adults are back in charge.
BUDOS
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In reality neither party has really made a significant effort in decades to reduce the national debt, including the incoming president, as noted during his first term.
Not knocking him, it's almost a total lack of political will by most of the country.
KaiBear
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BUDOS said:

In reality neither party has really made a significant effort in decades to reduce the national debt, including the incoming president, as noted during his first term.
Not knocking him, it's almost a total lack of political will by most of the country.



Every politician knows, without a doubt, that voting for legitimate measures to reduce the debt would be political suicide.
Fre3dombear
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Johnny Bear said:

Counting the weeks down until the adults are back in charge.


Yes!!!

Praise God!!!
Fre3dombear
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KaiBear said:

Trump isn't able to stop deficit spending and survive politically.

Other priorities require too much cash.




Agreed. Republicans spend really no less than D's. They just waste it differently. Being open minded that this is a once in a generation chance to try to do something different.
KaiBear
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Fre3dombear said:

KaiBear said:

Trump isn't able to stop deficit spending and survive politically.

Other priorities require too much cash.




Agreed. Republicans spend really no less than D's. They just waste it differently. Being open minded that this is a once in a generation chance to try to do something different.
Our electorate will never permit it.
Fre3dombear
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KaiBear said:

Fre3dombear said:

KaiBear said:

Trump isn't able to stop deficit spending and survive politically.

Other priorities require too much cash.




Agreed. Republicans spend really no less than D's. They just waste it differently. Being open minded that this is a once in a generation chance to try to do something different.
Our electorate will never permit it.


Yes. Will be fascinating to see it play out. The divide between the haves and have nots has really never been greater. The number of havaalittles is also diminishing at record rate.
boognish_bear
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boognish_bear
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J.R.
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boognish_bear said:



whatcha got Tinny?
canoso
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boognish_bear said:



Begs the question: Which legislative action/s caused the surpassing of the $32 trillion mark? The $33 trillion mark? The $34 trillion mark? The $35 trillion mark? The $36 trillion mark?
boognish_bear
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canoso said:

boognish_bear said:



Begs the question: Which legislative action/s caused the surpassing of the $32 trillion mark? The $33 trillion mark? The $34 trillion mark? The $35 trillion mark? The $36 trillion mark?


That question can go back a looooooong way
J.R.
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J.R. said:

boognish_bear said:



whatcha got Tinny?

Tinny?
boognish_bear
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boognish_bear
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boognish_bear
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boognish_bear
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boognish_bear
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fubar
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Americans will be finishing up the TRUMP years by setting a new record... we will be in debt more than ever before.

And you guys will blame Democrats, RINOS, anybody but TRUMP.

Call me Nostradamus.
Gunter gleiben glauchen globen
Mitch Blood Green
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fubar said:

Americans will be finishing up the TRUMP years by setting a new record... we will be in debt more than ever before.

And you guys will blame Democrats, RINOS, anybody but TRUMP.

Call me Nostradamus.


Hey Nostra.
Guy Noir
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fubar said:

Americans will be finishing up the TRUMP years by setting a new record... we will be in debt more than ever before.

And you guys will blame Democrats, RINOS, anybody but TRUMP.

Call me Nostradamus.

This is a Baylor Board. shouldn't it be spelled NOZEtradamus.
boognish_bear
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boognish_bear
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boognish_bear
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boognish_bear
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Limited IQ Redneck in PU
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The U.S. government's gross national debt has climbed to $37 trillion as a result of increased borrowing from Donald Trump's administration, according to the latest report from the Treasury Department.
The departmental update, issued to track the nation's finances, blamed the milestone on the accelerating pace of borrowing by the federal government, which has seen the debt soar by $1t to its present record high in just nine months.
The debt stood at $34t in January 2024 and $36t in November and has surpassed the $37 t marker far earlier than forecasts made before the Covid-19 pandemic had anticipated.

The Congressional Budget Office's January 2020 projections indicated that the gross federal debt was not likely to hit its present figure until the 2030 fiscal year.
But the debt grew faster than expected because the coming of the pandemic necessitated heavy government borrowing under both Trump and Joe Biden as they fought to stabilize the American economy amid the global slowdown.

That big beautiful bill. Slurp
FLBear5630
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Limited IQ Redneck in PU said:

The U.S. government's gross national debt has climbed to $37 trillion as a result of increased borrowing from Donald Trump's administration, according to the latest report from the Treasury Department.
The departmental update, issued to track the nation's finances, blamed the milestone on the accelerating pace of borrowing by the federal government, which has seen the debt soar by $1t to its present record high in just nine months.
The debt stood at $34t in January 2024 and $36t in November and has surpassed the $37 t marker far earlier than forecasts made before the Covid-19 pandemic had anticipated.

The Congressional Budget Office's January 2020 projections indicated that the gross federal debt was not likely to hit its present figure until the 2030 fiscal year.
But the debt grew faster than expected because the coming of the pandemic necessitated heavy government borrowing under both Trump and Joe Biden as they fought to stabilize the American economy amid the global slowdown.

That big beautiful bill. Slurp

No, Trump is making money hand over fist. His Tariffs are genius and have us in a surplus, so the debt has to be coming down. We have to be in a better place.

We will end the Trump term with HIGHER debt and spending than when he came in, watch. He will make a fortune, Elon will make a fortune. But, the spending will be higher...
Guy Noir
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I don't see how you can logically refute a post with information that is from the Congressional Budget Office with information that is pulled out of the air.

Then you reverse your statement by saying the USA will have higher debt under Trump? I do not understand.
FLBear5630
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Guy Noir said:

I don't see how you can logically refute a post with information that is from the Congressional Budget Office with information that is pulled out of the air.

Then you reverse your statement by saying the USA will have higher debt under Trump? I do not understand.

The first statement was sarcasm. Sorry, thought it was obvious.

I don't think Trump will cut anything, our total debt load and spending will be higher. He spends worse than Biden. He just focuses on marketing and his rabid supporters will believe anything he says.
TinFoilHatPreacherBear
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This thread took a turn and it's my fault for not being clearer. I *think* this was about individual debt when I did the OP. People owed more because they couldn't afford as much and went into debt under Biden. Bidenomics was a failure for people. Progressives will only make the rich richer and the poor more subservient.

I'm hopeful that trend is reversed by the Trump economy.


I'm also willing to think that national debt may EVENTUALLY trend better under Trump. Of course, I'm less convinced of that, but cautiously hopeful.
Thee tinfoil hat couch-potato prognosticator, not a bible school preacher.


FLBear5630
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TinFoilHatPreacherBear said:

This thread took a turn and it's my fault for not being clearer. I *think* this was about individual debt when I did the OP. People owed more because they couldn't afford as much and went into debt under Biden. Bidenomics was a failure for people. Progressives will only make the rich richer and the poor more subservient.

I'm hopeful that trend is reversed by the Trump economy.


I'm also willing to think that national debt may EVENTUALLY trend better under Trump. Of course, I'm less convinced of that, but cautiously hopeful.

I have seen no indication in Trump's past that he will cut total spending, he will cut stuff that does not effect him, his cronies or his family.


Biden was just bad.

I can't remember the last decent budget/debt Presidents we have had.


RD2WINAGNBEAR86
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FLBear5630 said:

TinFoilHatPreacherBear said:

This thread took a turn and it's my fault for not being clearer. I *think* this was about individual debt when I did the OP. People owed more because they couldn't afford as much and went into debt under Biden. Bidenomics was a failure for people. Progressives will only make the rich richer and the poor more subservient.

I'm hopeful that trend is reversed by the Trump economy.


I'm also willing to think that national debt may EVENTUALLY trend better under Trump. Of course, I'm less convinced of that, but cautiously hopeful.

I have seen no indication in Trump's past that he will cut total spending, he will cut stuff that does not effect him, his cronies or his family.

I can't remember the last decent budget/debt Presidents we have had.


I'll give you a hint. "I did not have sex with that woman..............Miss Lewinsky!"
Call it a tax, the people are outraged! Call it a tariff, the people get out their checkbooks and wave their American flags!!!
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