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Wednesday, September 22, 2021

NATIONAL DEBT

 

Trump made a campaign promise to eliminate the national debt over 8 years.
The national debt was $20 trillion when he took office.
It was nearly $24 trillion before the pandemic began, largely due to his tax cuts for the wealthy.
It was nearly $28 trillion when Trump left office.
That's the third highest debt increase (relative to economy size) of any presidential term in history.
Now Republicans want to block a measure raising the debt ceiling, and allow America to default on its obligations, because "Republicans will not facilitate another reckless, partisan taxing and spending spree," according to Mitch McConnell.
But, and this is very important - raising the debt ceiling is necessary precisely because of the situation Republicans under Trump got us into before and during the pandemic.
It has very little to do with what Democrats may or may not spend tomorrow.
So in typical fashion, what's happening here is Republicans (again) caused the financial problem. And Republicans (again) are actively working to prevent a solution. So Republicans can blame Democrats for failing to solve a problem (again) that was caused by Republicans (FU*KING AGAIN).





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