General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsUS debt explodes under Trump and the GOP's leadership!
But as Politico reported Tuesday, the US federal deficit has also soared during his time in office.
According to Congressional Budget Office estimates, in less than two decades the federal deficit will the biggest in history.
The prospect of large and growing debt poses substantial risks for the nation and presents policymakers with significant challenges, according to CBO director Keith Hall.
In CBOs projections, most of the spending growth for Social Security and Medicare results from the aging of the population. Growth in spending on Medicare and the other major health care programs is also driven by rising health care costs per person, he said.
https://www.rawstory.com/2018/06/us-debt-explodes-trump-threatening-vital-programs-like-social-security/#.WzJubHPIocA.twitter
smirkymonkey
(63,221 posts)Doodley
(9,179 posts)louis-t
(23,321 posts)Richard Fuckhead Cheney
Achilleaze
(15,543 posts)the KGOp republicans continue to weaken America in every way they can find...
KCDebbie
(664 posts)A reason to cut Social Security, Medicaid, SNAPs, etc...
The republicans (Ryan & McConnell) Have already talked about doing just that.
Also, paying the costs ($750/day) of detaining unforced immigrants and the children are draining the Treasury as well... More $ for the for-profit prison industry!
maxrandb
(15,409 posts)and EVERY FUCKING NIGHT sometimes 6 to 7 times a night, the MSM ran story, after story, after story about the debt.
I haven't seen ONE FUCKING STORY ABOUT THE DEBT since Donnie Shit for Brains was elected.
C_U_L8R
(45,047 posts)Republicans. What poseurs. What failures.
duforsure
(11,885 posts)Was all along to cut all programs to pay for this greatest transfer of wealth again because they financed their getting elected. Bribes and pay for profits scam.
SWBTATTReg
(22,226 posts)the so called party of fiscal conservatives, eh?
Instead of being called fiscal conservatives, the republicans should be called the 'Koch' party or something like this. They certainly aren't representing everyday Americans, in leaving such a massive debt burden to be shouldered by the rest of us.
progree
(10,956 posts)As a percent of GDP, surpassing the WWII record.
In plain dollars, it will much much sooner pass the Great Recession dollar record.