Quote:
Originally Posted by onwebcam
Obama's Real Debt And Deficit Legacy
https://www.investors.com/politics/c...eficit-legacy/
Obama's budget deficits more than doubled the inherited projections (point: conservatives). Thirteen days before Obama took the oath of office, the CBO forecast a total 2009-19 budget deficit of $4.32 trillion. Instead, Washington is set to complete that decade with cumulative deficits of $8.93 trillion $4.6 trillion higher than projected.
Yes, budget deficits gradually dipped below $1 trillion by 2013, and then averaged $550 billion thereafter. Yet without expensive new legislation, they would have naturally fallen to $531 billion by 2011, and below $200 billion by 2013.
https://www.usnews.com/opinion/econo...rd-isnt-pretty
Obama was a pissed off soon to be ex-wife with a pocket full of credit cards. |
explain me why the increase of the debt AFTER the crisis and SINCE trump has a steeper upward curve than in the crisis ??? i thought the crisis is passed? the economy booms and trump made a good job.
with WHAT did he pay it if not with additional debts?
you can see exactly the day when the stock markets went up. it was the day when he burned the little security against criminal speculation what obama installed against all republicans.
you country will not survive a second crisis caused by those individuals who are speculating with the normal peopleīs money.
if all that what you say would make sense I can not see a reason for even higher debts when trump made such a good job.
and the game is only at the start. even the very trump-friendly data research source Challenger, Gray and Christmas expects that up to 400.000 jobs gets lost only in this year if trump donīt stops this senseless tradewar.
h-d announced today to lay off 800 employees and the biggest us producer of steel nails is already facing bankruptcy. many others will follow. and this is the small bunch yet. we are talking about 3 billion what are effected.
when the big bunch comes we talk about 300 billion.
the damage is already there - all what he can do now is another turnaround as he always do to keep the damage as small as possible.
but he is already and again proven wrong.