Someone did some math......
(media.greatawakening.win)
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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.
Name one single time his veto was overridden?
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.
Veto power can be beaten, but he never even tried. As far as the debt argument, You are right that it can be good but in our scenario it largely wasn’t. It still largely helped the top 10+% and left the middle class high and dry just like the democrats. It was great I had 50 dollars more In my paycheck, but that doesn’t make the mortgage easier to pay and didn’t reduce our debt to strengthen our ability to self isolate from the global economy.
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.
Yikes, that is some grade A copium right there lol. Trump touted how great the economy was while simultaneously destroying it? I’ve read a lot of dumb shit in my day but THAT takes the cake. Hell, it takes the whole damn bakery.
Also, what exactly do you think the value of crypto and metals are based on? Faith in its inherent (and unreal) value to another. Just like the dollar. If you think you’re “outsmarting the system” by investing in alternative assets, then you’re just as dumb as the rest of them. Smart investors know the only thing that matters is big numbers, everything else is left there to keep peasants like you entertained.
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