One, Trump did NOT add A PENNY to the national debt. 75 percent of the federal budget is ENTITLEMENTS, and they go up every year automatically. Only a act of Congress can slow that spending increase. Trump created RECORD numbers of high paying manufacturing jobs with his tax cuts, and that was an INCREASE in revenue. (Reagan did the same thing in the 80s, adding a TRILLION to the budget by 1989.)
Two, rResident Joe EXPLODED the debt with that stimulus spending. You can tell he spent more because of INFLATION. (Which is defined as too many dollars chasing too few goods.) Joe flooded the money market with newly printed AND BORROWED dollars, thus making the value of the dollar plummet. That's the ONLY reason we're facing this crisis.
Three. You liberals had better PRAY that the Kerrey Danforth Report doesn't actually come true. Readers' Digest version: if nothing is done about federal spending, in the year 2030 ALL of the federal budget will be interest on Social Security. No military, No welfare, no Congressional salaries, JUST INTEREST ON SOCIAL SECURITY. And taxation across the board will be at 90 percent. (The advantage of a classical economics education in the superior state of Florida.)
You can thank serial pork spenders like Obama and pResident Joe for maybe moving that marker to an early year, like 2028 or even 2025.
The debt ceiling fairy tale is meaningless. We're headed toward Weimar Republican hyperinflation. and rich Democrats just want us to get their faster.
