Off-Topic: Economic illiteracy and faux outrage
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Name:
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MartiniMan
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Subject:
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Economic illiteracy and faux outrage
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Date:
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2/13/2019 8:30:04 AM
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And yet they have collected record revenues to the Treasury as a result of increased economic activity.
It's a spending problem, not a revenue problem. And almost 70% of govt spending is for entitlements of which no one seems to be willing to do anything and for good reason. Any time they mention the idea Democrats and the govt media (I repeat myself) start to tell the public the GOP wants to shove Granny over a cliff. And of course much of the additional debt is interest expense from the prior debt. In 2015 that number was around $230B or 6% of the total spending. In 2018 it was projected to be close to $400B which is 16% of total spending and is overwhelmingly a result of dets wracked up prior to Trump. So basically around 86% of the total spending by govt is totally out of the control of the President. In reality, discretionary spending under Trump has actually gone down but it was overtaken by the additional interest expense.
And remember, one President alone in a mere 8 years presided over 36% of the additional debt. Just think about it. He presided over 3% of the entire history of this country but added 36% of the debt. Funny but I never heard a whimper out of you during those 8 years about deficits but now it's suddenly a big deal?!?!? Economics Goofy, learn something and it will help you in making educated posts.
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