When President Trump was inaugurated, the CBO projected $10 trillion in deficits over the 2017-2027 decade. By the time Trump left office, CBO’s estimate had grown to $13.9 trillion.

Reducing deficits from the $10 trillion projection should have been easy. During Trump’s presidency, faster-than-expected economic growth raised the ten-year revenue projections by $1.3 trillion, and lower-than-expected interest rates shaved the ten-year interest cost projections by $2.6 trillion. That’s $3.9 trillion in automatic budget savings without lifting a finger.

Instead of building on those savings, the president helped enact $7.8 trillion in new initiatives, flipping his total fiscal imprint to a $3.9 trillion net cost. The largest drivers were pandemic-relief legislation ($3.9 trillion), the 2017 tax cuts ($2 trillion), and legislation raising the discretionary spending caps ($1.6 trillion). Other costs included disaster aid and other discretionary spending ($493 billion), repeal of several Affordable Care Act-related taxes ($299 billion), and hundreds of small policies ($201 billion).

https://www.thedailybeast.com/trump-added-more-to-the-national-debt-than-obama-and-bush

 

Bush and gobama gaduuu  8 years lo sesina pentaaa....Dump mother board did in 4 years. Lafoootttttt nayalaaa gaduuuu....Corporates kiiii baga dabbulllll appa jeppaduuuu....PPP loans and tax reform luuu thecchiiii.......Game over for lower middle class in vomerica....

1 hour ago, veerigadu said:

https://www.thedailybeast.com/trump-added-more-to-the-national-debt-than-obama-and-bush

 

Bush and gobama gaduuu  8 years lo sesina pentaaa....Dump mother board did in 4 years. Lafoootttttt nayalaaa gaduuuu....Corporates kiiii baga dabbulllll appa jeppaduuuu....PPP loans and tax reform luuu thecchiiii.......Game over for lower middle class in vomerica....

Ippudu Ardham aithundaa. This idiot lifted the gates for printing money and eventually USD lost its value.. Now they had to crash everything to get things back to normal

1 hour ago, veerigadu said:

When President Trump was inaugurated, the CBO projected $10 trillion in deficits over the 2017-2027 decade. By the time Trump left office, CBO’s estimate had grown to $13.9 trillion.

Reducing deficits from the $10 trillion projection should have been easy. During Trump’s presidency, faster-than-expected economic growth raised the ten-year revenue projections by $1.3 trillion, and lower-than-expected interest rates shaved the ten-year interest cost projections by $2.6 trillion. That’s $3.9 trillion in automatic budget savings without lifting a finger.

Instead of building on those savings, the president helped enact $7.8 trillion in new initiatives, flipping his total fiscal imprint to a $3.9 trillion net cost. The largest drivers were pandemic-relief legislation ($3.9 trillion), the 2017 tax cuts ($2 trillion), and legislation raising the discretionary spending caps ($1.6 trillion). Other costs included disaster aid and other discretionary spending ($493 billion), repeal of several Affordable Care Act-related taxes ($299 billion), and hundreds of small policies ($201 billion).

Corona releaf - 3.9 trillion - majority of it is waste... No one lost job , except restaurant workers.... But most companies availed PPP loans... 

10 minutes ago, AreyOSamba said:

Ippudu Ardham aithundaa. This idiot lifted the gates for printing money and eventually USD lost its value.. Now they had to crash everything to get things back to normal

usd lost its value relative to which currency?

2 hours ago, veerigadu said:

https://www.thedailybeast.com/trump-added-more-to-the-national-debt-than-obama-and-bush

 

Bush and gobama gaduuu  8 years lo sesina pentaaa....Dump mother board did in 4 years. Lafoootttttt nayalaaa gaduuuu....Corporates kiiii baga dabbulllll appa jeppaduuuu....PPP loans and tax reform luuu thecchiiii.......Game over for lower middle class in vomerica....

yedo oka yuddam start chesi.. diversion aunty tactics follow avtharu. they wil play kabbadi with public 

38 minutes ago, Raven_Rayes said:

usd lost its value relative to which currency?

He worsened rich poor disparities. Due to its easy access and availability, Dollar lost its value amongst rich. There is more spending in this community. 
 

Whereas due to wage stagnation, poor and middle class people are facing this inflation heat. They are unable to catch up with this resource competition. 

2 hours ago, veerigadu said:

When President Trump was inaugurated, the CBO projected $10 trillion in deficits over the 2017-2027 decade. By the time Trump left office, CBO’s estimate had grown to $13.9 trillion.

Reducing deficits from the $10 trillion projection should have been easy. During Trump’s presidency, faster-than-expected economic growth raised the ten-year revenue projections by $1.3 trillion, and lower-than-expected interest rates shaved the ten-year interest cost projections by $2.6 trillion. That’s $3.9 trillion in automatic budget savings without lifting a finger.

Instead of building on those savings, the president helped enact $7.8 trillion in new initiatives, flipping his total fiscal imprint to a $3.9 trillion net cost. The largest drivers were pandemic-relief legislation ($3.9 trillion), the 2017 tax cuts ($2 trillion), and legislation raising the discretionary spending caps ($1.6 trillion). Other costs included disaster aid and other discretionary spending ($493 billion), repeal of several Affordable Care Act-related taxes ($299 billion), and hundreds of small policies ($201 billion).

People don't realize the damage he has done, they just think stock market was doing great under trump.

 

 

2 minutes ago, veerigadu said:

He worsened rich poor disparities. Due to its easy access and availability, Dollar lost its value amongst rich. There is more spending in this community. 
 

Whereas due to wage stagnation, poor and middle class people are facing this inflation heat. They are unable to catch up with this resource competition. 

dude, whats your solution? go back to gold standard? have higher interest rates? (which is the regular monetary cycle anyway).

I think you are pressing the panic button for no reason.

if you think rich poor disparity is so high.. Its so simple. Just tax the living daylights out of the rich and use it to provide services to the poor. simple.

expanding access to money is still one of the greatest positives of neoliberalism, despite all of its faults.

58 minutes ago, Raven_Rayes said:

usd lost its value relative to which currency?

Relative to its own currency vayya, because there is no gold standard anymore. 
Every country printed it.. But if you look at the whole USD in the World until 2019 was 60% then rest of the 40% was printed just in last 2 years. Do you think your car, or House, or bread will cost the same as before  if this happens?

22 minutes ago, Raven_Rayes said:

dude, whats your solution? go back to gold standard? have higher interest rates? (which is the regular monetary cycle anyway).

I think you are pressing the panic button for no reason.

if you think rich poor disparity is so high.. Its so simple. Just tax the living daylights out of the rich and use it to provide services to the poor. simple.

expanding access to money is still one of the greatest positives of neoliberalism, despite all of its faults.

Tax the rich. Increase wages in accordance with cost of living. 

Wages remained stagnant for a while and yet cost of living increased by multifold.

Isn't the inflation an obvious outcome? Its not as mysterious when we put everything together. 

Just now, veerigadu said:

Tax the rich. Increase wages in accordance with cost of living. 

increase the wages is market's job. may be you mean better labour regulation. US has tried it from 1950s to 70s, and it created stagflation.

yeah sure tax the rich. even upto 90% if needed.

5 minutes ago, Raven_Rayes said:

increase the wages is market's job. may be you mean better labour regulation. US has tried it from 1950s to 70s, and it created stagflation.

yeah sure tax the rich. even upto 90% if needed.

 

 

 

Look at all the mother FFFFF Red states. Who wants to work for $7 per hour these days???

 

Republicans love to decrease taxes on rich, yet they never increase wages for labor. They are blood suckers.