Someone did some math......
(media.greatawakening.win)
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That was one of the first results I noticed from the Trump presidency. Everything started to pick up almost immediately. All it took was someone who watched the pennies and thought of the people.
I am not American so I was viewing this from afar and I began to wonder just how well-off Americans would be if they were not being run by crooks who were syphoning off money in every way they could think of.
The US debt increased by 8 trillion under trump, I wouldn’t exactly call that “watching the Pennies.” He did a lot of things right but money management was not one of them.
Congress controls the purse.
And Trump held veto power… but here we are. This isn’t an argument this is simple facts. I’m not saying he did anything wrong, he just didn’t watch the pennys
And it's in the Constitution that both houses can override the veto.
Veto power can be beaten.
Also, a good chunk of that money went into infrastructure that was cut instantly upon Biden breaking into the White House.
Cough, Pipeline for example.
Sometimes debt is an investment, like into a wall to prevent or deter invaders, or into energy infrastructure for lower risk of tragedy, or Ukraine for the big man's pockets, or internet infrastructure to improve communication speed and efficiency or oil infrastructure to keep us generating more money in the long run and cut down on our reliance on hostile nations.
What I mean is, not all debt is bad -- sometimes you take on additional debt to reduce costs elsewhere in the long run or improve efficiency and incoming finances.
That said, a lot of that is controlled by Congress and they refused to play ball if he didn't play it back. Not making excuses for him, I'm pissed too. But we definitely see the difference between 4 years of a patriot with resistance from evil, and 4 years of evil with no resistance at all.
Yes I was about to say this. The Trump administration were not very frugal spenders. That's a real criticism I've only been able to substantiate and never rebuttal.
Nonetheless, it was a tremendous job he did with what should've been a permanently broken system.
So you rent a car or two and your home?
Leverage, when used wisely, can benefit in the long run, Commie....
Uhhh, yeah leverage makes sense when your assets appreciate, but none of the money went to paying for assets that could one day be sold. All we’re doing is over leveraging ourselves with the hope that it will provide small dividends through tax income in the future, too bad the US has never run a surplus of $100 Billion, let alone the $300 billion + that would be needed to one day pay down our debt while keeping ahead of interest payments.
One of the lamest media talking points. Yeah man, Trump's a really dumb money guy....
It’s not a talking point, it’s a fact. We spent more than we brought in, and we invested in areas that will never provide enough value to keep in front of the interest payments, let alone pay back the debt in any realistic time period.
I’m not saying he’s a bad money man, his methods just don’t work when there is no underlying asset that can be sold.
Bro you're treating this economy as if it's based off of something legitimate. You're rationalizing money being printed out of thin air as if it's a solid economic theory. The whole point is to cause it's collapse while mitigating collateral damage as much as possible. Trump "printed" all that money because it was never "real" to begin with. The national debt is a joke and only exists in the old criminal enterprise. It's monopoly money, bro. Nobody here invests in the US Dollar. We trade those for something provably created like precious metals and crypto. That should be a hint for you.
It's like...turn off Fox News.
US debt has never affected me personally. Maybe in some nebulous ways, but nothing I can think about.
Lower taxes, higher employment, and cheaper gas all made me more prosperous during the Trump era.
I agree, but the statement was he watched pennies, which isn’t true